Following the transfer of ownership of Premier League club, Newcastle United, in a 300m pounds to a Saudi-led consortium, there are indications that the new owners would replace Steve Bruce as the head coach.
The Premier League had during the week approved the takeover of the North-East club after Mike Ashley’s 14-year ownership of the Magpies. The Premier League confirmed the takeover in a statement, saying it had received “legally binding assurances” that the Kingdom of Saudi Arabia will not control Newcastle United.
The investment group is led by the Public Investment Fund (PIF) and also comprises of PCP Capital Partners and RB Sports & Media.
The new owners are expected to replace Steve Bruce as head coach, but no decision has yet been made on when this might happen.
Former Chelsea boss Frank Lampard and Rangers manager Steven Gerrard are in the frame to replace Newcastle boss Steve Bruce.
Newcastle United will be able to spend well over £200m strengthening their squad in the next three years without breaching Financial Fair Play rules, financial analysts calculate (Daily Mail, October 8).
Newcastle’s new owners are aiming to make the club as big as Manchester City and Paris St-Germain.