Kieran Maguire: Newcastle United to 'bypass regulations' to sign fleet of rising stars
Newcastle United could be set to launch a multi-club empire in order to bypass post-Brexit transfer regulations and sign a fleet of rising stars from Europe.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the Saudi Public Investment Fund’s plans to expand their ownership portfolio.
PIF completed a £305million takeover of Newcastle in October last year, and senior figures almost immediately outlined plans to make the club the head of a club network.
This is a model employed by Man City and Liverpool, while the new Chelsea and Southampton owners have also stated their aim to buy more clubs.
The i reported last Friday (9 September) that Newcastle now have held preliminary talks as they look for takeover targets.
Maguire explains how a multi-club operation will aid the Tynesiders’ transfer strategy in the post-Brexit world.
Click below for exclusive transfer news
“There is increasing difficulty in the post-Brexit world in terms of recruiting talent from Europe, particularly 16 and 17-year-olds,” he told Football Insider’s Adam Williams.
“Having a network of clubs to help try and bypass these governing body regulations makes sense but it won’t be quick or easy.
“They will first have to build relationships with other clubs and make sure that they fit in with the philosophy that Newcastle want to represent. Then, of course, they have to agree a price.“
Newcastle are currently 11th in the Premier League.
Eddie Howe’s side face Bournemouth on Saturday (17 September).