By Dr Dan Plumley

13th Jun, 2022 | 5:17pm

Finance guru details Newcastle United 'fear factor' as Premier League ban on the cards

The Newcastle United “fear factor” has had a major bearing on some Premier League sides’ desire to ban nation-state takeovers.

That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the Premier League’s annual owners’ meeting last Thursday (9 June).

Per the Daily Mail last Tuesday (7 June), an embargo on state-backed takeovers was set to be top of the agenda.

The Premier League received legally-binding assurances that the Saudi state would have no influence at St James’ Park following the Public Investment Fund’s £305million takeover in October last year.

But this claim has been widely contested on a practical and ethical level.

A ban on leveraged buyouts, as in the case of ALK Capital’s takeover of Burnley in December 2020, is also understood to have been discussed in the meeting at Premier League HQ.

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But Plumley suggests that the nation-state ban will have been the top priority for elite top-flight clubs who want to pull the ladder up behind them.

“There will always be a bit of fear,” the Sheffield Hallam University expert told Football Insider’s Adam Williams.

“I don’t think too many Premier League clubs are going to be too concerned with what has happened with the leveraged buyout at Burnley.

“With no disrespect to them, they are out of the league now and people will say it’s their fault for managing the buyout in the way they did. The nation state takeover is a greater concern for a variety of reasons.

“If you strip it back to cold, hard cash, the big clubs don’t want others to come into their mix. If you look at the Newcastle takeover as an example, the financial backing of the PIF is 10 times bigger than Man City’s.

“That’s what this is really about. There are only a certain number of people who have the kind of cash to buy a Premier League club. A lot of that cash is state-owned if you’re looking at where the resources are.

“That is the big fear factor for the bigger clubs, for sure.”

In other news, pundit issues verdict on Allan Saint-Maximin quitting Newcastle United after update.