This is the latest Newcastle United news with New chelsea owner making a statement regarding the New takeover with Newcastle and Saudi Involvement in the premier league.
Todd Boehly, the new owner of Chelsea, believes the Premier League’s top six will soon become a top seven, with Newcastle United expected to challenge the status quo.
Boehly’s group just completed the long-awaited purchase of the Blues from Roman Abramovich, but the takeover of another Premier League sleeper has piqued his interest.
Boehly discussed the purchase of Newcastle United by majority owners, the Public Investment Fund of Saudi Arabia, at the SuperReturn International private equity conference in Berlin on Wednesday, and how the deal has transformed the landscape in England’s top flight.
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“With the Saudi offer for Newcastle, the big six will become the big seven,” he remarked.
“Everyone will have a chance to win,” says the narrator.
Following a £4.25 billion buyout, Boehly and private equity company Clearlake Capital became Chelsea’s new owners last month.
And then there are the big six. Liverpool, Manchester City, Manchester United, Arsenal, Tottenham Hotspur, and Chelsea are among the Premier League’s biggest clubs, according to Boehly.
Todd Boehly believes Newcastle will establish themselves in the Premier League as part of a ‘Big Seven’ alongside Chelsea, Manchester City, and Liverpool.
Mike Ashley was purchased out of his almost 15-year ownership of United in October when PIF, with the help of PCP Capital Partners and RB Sports and Media, paid £300 million for the club.
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