MIXED REVIEWS: Not everyone is celebrating the Newcastle United takeover
Newcastle United takeover by Saudi Arabia Public Investment Fund met with mixed reviews.
Stephen Patterson, Chief Executive at NE1 Ltd, the Business Improvement District company for Newcastle City Centre, said:
“The Newcastle United take-over is great news for the club, the fans, the city and the wider region. We all stand to benefit from a major financial investment in Newcastle United, a club at the heart of our city.
“This will have a major impact on the city’s profile nationally and internationally and, economically will pay dividends for the local economy.
“A takeover of this scale will be transformational for the club and its impact will resonate far beyond the confines of St James’ Park. We have all seen the significant economic benefits experienced where takeovers of this kind go on to deliver dramatic uplifts in inward investment in the city and wider region.
“Newcastle United is a huge part of the beating heart of the city. As we come back from Covid this is just the tonic that the city needs.”
Not everyone is celebrating
Responding to completion of the Saudi-backed takeover of Newcastle United, Lib Dem Sunderland City Councillor and SAFC fan Stephen O’Brien said:
“Whilst I can understand that Newcastle fans are glad to see the back of Mike Ashley, this is a dark day for English football.
“The Premier League should hang their heads in shame for rolling out the red carpet for a brutal dictatorship which persecutes women, LGBT+ people and minorities.
“Premier League bosses and the Government claim that they care about making football a welcoming place for everyone but today’s deal shows that they care more about TV rights than they do about human rights.”
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