April 14th 2020 will go down as a significant day in the Newcastle takeover saga.
While nothing is official, it finally looks like Mike Ashley’s tenure is coming to an end.
Following movement on Companies House, it was reported everywhere that a deal for PCP Capital Partners to buy Newcastle United had been agreed.
According to Sky Sports, Amanda Staveley’s group will pay near £300million for the club. She will have a 10% stake, the Reuben brothers will have a 10% stake, and the remaining 80% will go the the Saudi Arabian Public Investment Fund (PIF).
If the takeover is completed, it will change Newcastle United from top to bottom. The Magpies could possibly become one of the elite clubs in world football.
Ethical debates will likely dominate the conversation once the PIF’s involvement is confirmed, but Newcastle United will not be the first company to benefit from Saudi Arabian money and they surely won’t be the last.
The buzz amongst Newcastle fans is incredible right now. It’s just a shame that lockdown prevents us from celebrating properly.
What does the potential takeover mean for the manager?
But there could be one loser from this takeover – Steve Bruce.
The current Toon boss has done an admirable job this season, with his side picking up 35 points so far with nine games to go. While he has been criticised a lot, Bruce has done a lot better than most imagined.
But with Newcastle soon to be one of the richest clubs around with ambitions to go to the top, the new owners will likely want a top class manager to match those ambitions.
And with all due respect to Bruce, he is not top class. We had a top class manager in Rafa Benitez, but he left last summer.
We don’t know what the short term future is for Bruce if this takeover goes through, but it’s unlikely he’ll be at St James’ Park long term.