MX23RW : Monday, May 20 04:30:08| >> :120:27577:27577:

Newcastle United 'set for £200m cash injection if takeover goes through'

Newcastle 'set for £200m cash injection'
© Reuters
Newcastle will reportedly receive a cash injection of around £200m to spend on new players and other developments should the proposed takeover of the club go through.

Newcastle United will reportedly be set for a £200m cash injection from their new owners should their takeover of the club be ratified.

A Saudi-funded consortium, fronted by Amanda Staveley, is understood to have agreed terms with owner Mike Ashley to buy the club in a deal worth a reported £350m.

The Premier League is now considering the proposal and carrying out background checks on the prospective new owners, which includes them having to submit detailed financial plans following their takeover of the club.

The Mirror reports that the Saudis are planning a series of three-yearly cash injections, with the first of those arriving soon after the takeover is completed.

Around £200m will reportedly be made available to build the foundations of the club over the next few years, which includes funds for new players as well as redeveloping the training ground, academy and internal workings.

The owners would then invest another large sum depending on the progress of the Magpies, in the hope that they will eventually develop into Champions League contenders.

However, the Premier League has been warned against letting the proposed takeover go through due to concerns over Saudi Arabia's human rights record.

ID:397270: cacheID:397270:1false2false3false:QQ:: from db desktop :LenBod:restore:2398:
Restore Data
Share this article now:
Mike Ashley pictured in June 2016
Read Next:
Amnesty International urges Premier League to investigate Newcastle takeover
>
rhs 2.0
Today's games header
Tables header RHS
TeamPWDLFAGDPTS
CManchester CityMan City38287396346291
2Arsenal38285591296289
3Liverpool382410486414582
4Aston Villa382081076611568
5Tottenham HotspurSpurs382061274611366
6Chelsea381891177631463
7Newcastle UnitedNewcastle381861485622360
8Manchester UnitedMan Utd38186145758-160
9West Ham UnitedWest Ham381410146074-1452
10Crystal Palace381310155758-149
11Brighton & Hove AlbionBrighton381212145562-748
12Bournemouth38139165467-1348
13Fulham38138175561-647
14Wolverhampton WanderersWolves38137185065-1546
15Everton38139164051-1140
16Brentford38109195665-939
17Nottingham ForestNott'm Forest3899204967-1832
RLuton TownLuton3868245285-3326
RBurnley3859244178-3724
RSheffield UnitedSheff Utd38372835104-6916


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!