The Magpies are aspiring to become a major force in the Premier League as the new owners provide new transfer opportunities at St James' Park.
A new era begins for Newcastle United from this week as new shareholders officially own the Premier League club in a £300 million takeover. Saudi Arabian Public Investment Fund purchased the majority of the shares while PCP Capital Partners is now the minority shareholder of the club.
PCP Capital Partners’ owner Amanda Staveley says the new investors are eager to sign world-class players, but they first need to improve the club’s infrastructure.
"We are in the market to compete for world-class players,"
Staveley toldThe Sun
"We have great ambitions — I hope it’s going to be a game changer for Newcastle United.
"But if you don’t put the infrastructure around that world-class player and you don’t have a team that can play with him, you’ll get nowhere."
Newcastle have already been linked with big names for the upcoming winter transfer window. Ciro Immobile, Mauro Icardi, Philippe Coutinho and Kalidou Koulibaly are linked with the Magpies. However, the club owners might have different priorities in mind.
"The training ground is really awful and needs a huge amount of investment.”
the new owner said.
"Luckily, that is one area we are not restricted by Financial Fair Play.
"There is no point in having fantastic players if there is nowhere for them to train.
"To get to the top of the Premier League you need a strong foundation, not just great players. They need to be robust and we need to build them.
"We also want to invest in St James’ Park — it needs a little bit more love."
The Magpies boss Steve Bruceadmitted
earlier this week that he is in danger of losing his job with the arrival of the new owners. There have been rumors around Antonio Conte’s potential move to St James' Park as the club prepares for drastic changes.
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