Newcastle, ‘rich’ crying

On battle days Saint James’s Park They are always days of family celebration in the streets of Newcastle. More than three years ago, since the Saudi Arabian Public Investment Fund (PIF) came along to buy the club and invested enough to renew the ambitions of the Magpies. Also last Saturday, when they faced the Brightonthe animator of Premier Leaguebut at that party the game shows signs of failure Tyneside. And not just because of the loss.

On the way to the stadium, near the intersection Gallowgate, St. James’ Boulevard and Barrack Roada phrase on the wall describes the sentiment of die-hard ‘Geordie’ fans: ‘Dreaming costs money’. This seems to be the feeling now in the city of the ‘magpies’, who want to maintain the speed with which they came out of the crisis and brought joy back to Saint James’ Park. Eddie Howe’s team is no longer playing at champions league, not even in two minor European tournaments, and the fans of Newcastle feels that, after the arrival of the Isak, Guimaraes, Gordon and Tonalithe Arab investors did not put in the promised money to continue the growth. There is a reason that justifies this: losses of 170 million, which even threatened this summer with the forced sale of some of the team’s stars to comply with the PSR’s retention standards premier. Avoids that.

Things have become increasingly tense these days Newcastleupon learning this, through messages from the former co-owner of the club, Amanda Staveley revealed byThe Telegraph‘, which may have state interventions by the Government of the United Kingdom and the crown prince of the Saudi monarchy, Mohammed bin Salman, during negotiations for the sale of the club. The Premier League He said he saw no reason to review the legality of the operation. He continues to insist that he has received “legally binding assurances” that the Saudi state cannot control Newcastle.

The sovereign wealth fund now has an 85% stake in the club, while the remaining 15% is controlled by British property developers. Reuben brothers. Due to the removal of the shareholding of Staveleypromoter and negotiator of the ‘Arab project’ and the one who did the most to feed the dreams of greatness, problems marked the daily agenda of the ‘magpies’, due to the difficult relationship between the coach Eddie Howeand the new sports director, Paul Mitchell. Howe asked him for more signatures to improve, as he also felt the stagnation.

Almost three years after the arrival of the Arab capital in Tynesidefans wonder where their club is headed, at the same time immersed in the project to build a new stadium. Saint James’ Park Need to modernize to increase revenue. With 52,000 spectators, the stadium still has a special aura due to its past and strong environmental impact, but it cannot meet the demand for tickets to compete on an equal basis with ‘Big Six‘.

That initial euphoria at the arrival of the Arab capital is beginning to fade. He Newcastle It is no longer your priority. The city and the fans don’t want to entertain themselves with a longer-term plan.