Oil and Football

Oil and Football

Premier League

Oil and Football

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@NUFC on Twitter

For quite some time now, it would be quite naive to ignore the amount of money that is involved in world football these days; no matter what team you support, money and lots of it is needed to keep your team relevant, let alone a team that can compete with Europe’s biggest clubs. Chelsea in 2003 was one of the first teams to usher in this new era in football when Roman Abramovich purchased the club and immediately reinvested that money and made Chelsea a team that could rival Manchester United.

Now Newcastle United FC is undergoing a takeover from the new ownership The Saudi Arabian Investment Group with a bid of £300 million that was enough to secure the team after years of frustrating negotiations with the British FA. The new regime leading Newcastle United is Amanda Staveley, and her advisors’ first task will be finding a new manager to lead their club.

Not only has current manager Steve Bruce fallen out of grace with the supporters, but the Magpies sit 19th in the table and firmly placed in the relegation zone. There have been a number of protests with a high level of public disdain for the many managers that have walked the grounds of St James’ Park, so there is no guarantee this takeover will yield instantaneous success.

The amount of patience, or lack thereof, of the Newcastle faithful will surely determine the outlook of the club. With this business acquisition I believe the Saudi Arabian Investment Group are looking to make this transition as smooth as possible by signing top players and revamping the way people picture Newcastle all together.

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