The sale of Newcastle United at a steady Saudi consortium appears to be close to the end -. An agreement that could turn struggling students long into a great power English Premier League
For the Public Investment Fund Saudi Arabia (PIF), headed by Crown Prince Mohammed bin Salman, this pandemic coronaviruses a business opportunity and a chance to break into the lucrative Premier League.
the 300 million potential pounds ($ 370 million) will cover PIF would take a majority stake in the club in northeast England.
the English Premier League bubble is close to bursting football clubs struggle to avoid losing hundreds of millions of rabroadcast bay if the season is not over and a deep recession threatens revenues gate receipts, merchandise and sponsorship.
Accordingly, the transfer fee should drop sharply while wages will be depressed even with the world’s richest clubs now organize hastily salary reductions or deferrals with their star players.
AFP Sport looks at the other three English clubs which has enjoyed a meteoric rise after lucrative takeovers:
city become ‘noisy neighbors’ [123 ]
When Abu Dhabi United Group Sheikh Mansour completed their takeover of 210 million pounds in September 2008, Mark Hughes was sayingctor of the city, Brazilian striker Jo was their first and Stephen Ireland was presented as a future star of the team.
stuck in the shadow of Manchester United for decades, the city had ended the previous season with a 8-1 defeat at Middlesbrough and were siddur until Vincent Kompany said the cloakroom toilet their training ground has not even door.
It is safe to say many things have changed over the past 12 years.
The recovery of the losers ‘noisy neighbors’ nightmares Alex Ferguson began hours just after the takeover by signing shock Brazilian star Robinho -. the first of a long list of mega-money transfers have accelerated AscensiCity meteoric one of
City won the FA Cup in 2011 and a year later Sergio Aguero has snatched the title of United with his winner in stoppage time against QPR on the final day of the season.
Big spending stars like Kevin de Bruyne and Raheem Sterling has assured the city remained the team to beat and they got another Premier League title in 2014.
Pep GuardiLa appointment ola in 2016 lifted them to a higher level and they won the Premier League in record style in 2018.
Clinching an unprecedented treble in 2019 set up the group of Guardiola as the a larger teams of Premier League history.
Russian revolution ‘Chelsea
Roman Abramovich changed the face of the Premier League with his Russian revolution at Stamford Bridge.
of Abramovich takeover of 140 million pounds in 2003 triggered a seismic shift in power of the Premier League.
Manchester United and Arsenal were the preeminent England football forces, but all that changed when, as Arsenal vice-chairman David Dein noted with regret, Abramovich “parked his Russian tanks on our Lawn and fired 50 pound tickets to us. “
Abramovich cash landed Jose Mourinho in 2004 and funded his assault of the child prodigy manager on the establishment of the Premier League.
Mourinho won the title in his first season,the end of Chelsea wait 50 years to be crowned kings of English football, and followed that feat retaining the trophy 12 months later.
Carlo Ancelotti has delivered over Premier League glory in 2010, Mourinho returned to win his third title in 2015 before Antonio Conte won the fifth English title of the Abramovich era in 2017.
fell in love with football while watching a Champions League match between Manchester United and Real Madrid, holy grail for Abramovich was to lead Chelsea to their first triumph in the elite club competition in Europe.
His wish came true in 2012 when Chelsea defied the odds to beat Bayern Munich in the final, the German team own Allianz Arena.
to realize a childhood dream, massive investments Jack Walker Blackburn turned unglamorous a relic of the past champions of England.
Blackburn were lower in the second level when Walker became the majority owner of the club after selling his company in British Steel steel for a reported 360 million pounds.
Walker was the local boy made good, who has returned to revive the team he supported as a youngster.
Blackburn had not won a major trophy since the FA Cup in 1928, but Walker lured Kenny Dalglish as manager in 1991 and together they put back Ewood Park on the carte.
Rovers were promoted in 1992 and expenditure on luxuries Walker has made them a force Premier League.
They flexed their muscles by splashing a then English record 3.6 million pounds to sign Southampton striker Alan Shearer, beating Manchester United in the race.
In 1995, the goals of Shearer helped Blackburn win the title for the first time in 81 years.
This was the culmination of ambitious dream of Walker, but they could not sustain that success and were relegated in 1999, a year before the death of their benefactor.