By Kieran Maguire

12th Jun, 2022 | 1:51pm

Kieran Maguire: Premier League 'cartel' is conspiring against Newcastle United after talks held

The Premier League “cartel” is conspiring against the likes of Newcastle United with radical changes to the owners and directors’ test on the cards.

That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the Premier League’s annual owners’ meeting on Thursday (9 June).

The Daily Mail reported on Tuesday (7 June) that bans on sales to nation states and leveraged buyouts were set to be top of the agenda.

The Saudi Public Investment Fund bought Newcastle for £305million in October last year after the Premier League received assurances that there would be no state involvement in the running of the club.

But this claim has been contested by human rights groups and various members of the commentariat.

Maguire argues that the Magpies’ top-flight rivals are fighting to limit their power and prevent further takeovers from sovereign wealth funds.

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“This is an interesting one,” he told Football Insider.

“The Premier League came out when the takeover took place and said that this was not a state takeover. They made it very clear that this was one of the tests that they had and that Newcastle had passed the test.

“But the owners of the top Premier League clubs want to preserve the cartel. They are not keen on competition, especially in terms of sides who want to play in the Champions League.

“They will use whatever vehicles they can to prevent wealthy nations or alternatively wealthy individuals from wealthy nations acquiring clubs.”

In other news, pundit suggests Newcastle United to end Hugo Ekitike interest after “concerning” development.