Dr Dan: Newcastle chiefs will need all their 'expertise' as executive warns he 'can remove PiF'
Newcastle United chiefs must use all their “expertise” to ensure there is adequate separation between themselves and the Saudi state.
So says finance expert and new Football Insider columnist Doctor Dan Plumley, speaking exclusively about Richard Masters’ recent remarks.
The Premier League chief executive was at the centre of the £305million takeover of Newcastle by the Saudi Arabia Public Investment Fund (PIF).
The deal has been widely criticised, not least by fellow top-flight clubs, because of alleged links between the Saudi PIF and Saudi state.
As per the Evening Standard last Sunday (28 November), Masters warned: “If we find evidence to the contrary, we can remove the consortium.”
Plumley claims that powerbrokers at St James’ Park have enough know-how to ensure that Masters is not forced to carry out his threat.
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“You can see why Richard Masters has come out and said that,” the Sheffield Hallam University expert told Football Insider‘s Adam Williams.
“The legality point is the one to focus on here. We have come through the process and it’s been proven that there isn’t a link.
“We know there’s a connection, of course we do. But from a legal perspective, that’s what has allowed this deal to go through.
“We are where we are with that one. We know that there’s a connection and that will link to the related-party sponsorship stuff.
“It will be something that the Premier League will continue to be scrutinised on, hence the quote.
“The club will need to be aware of this and be smart. But there’s is enough expertise in that ownership structure to make sure everything is above board.
“I think the owners will be aware of it, but I don’t think that will cause big issues, particularly in the short term.”
Newcastle are officially the world’s richest club following the takeover in October.
But the owners could preside over a Championship club next season as the Magpies are still winless in the top-flight in 2021-22.