Newcastle suffer huge transfer blow as Premier League rivals 'refuse' to deal with them

Premier League clubs are reportedly set to refuse transfer business with Newcastle over their Saudi-backed takeover. It will come as a blow to the club’s new owners, who have promised grand changes at St James’ Park. 

A new consortium fronted by Amanda Staveley and 80 per cent backed by the Public Investment Fund of Saudi Arabia (PIF) completed the purchase of Newcastle from unpopular owner Mike Ashley earlier this month.  

The eye-watering £305million takeover had long been in the pipeline, although at one stage seemed like it might collapse.  

Premier League bosses were eventually satisfied that PIF was a separate entity to the Saudi state, although that conclusion has caused controversy.  

Newcastle’s top-flight rivals are understood to be furious about the takeover. Last week, 18 of the 20 clubs voted to temporarily stop commercial arrangements that involve pre-existing business relationships. 

The legislation would effectively prevent the Saudis lucrative sponsorship deals. 

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The businesswoman said: “The training ground is really awful and needs a huge amount of investment. 

“Luckily, that is one area we are not restricted by Financial Fair Play. There is no point in having fantastic players if there is nowhere for them to train.

“We are in the market to compete for world-class players. But if you don’t put the infrastructure around that world-class player, you’ll get nowhere.

“To me, Newcastle is like a fantastic gem — it just needs a bit of buffing up at every level. 

“To get to the top of the Premier League you need a strong foundation, not just great players. They need to be robust and we need to build them. 

“We also want to invest in St James’ Park — it needs a little bit more love.”

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