Newcastle owner outline plans to compete with Man city and PSG.
Newcastle new owner Yasir Al-Rumayyan has outlined the plan for the Magpies after the completed take over.
It was confirmed on Thursday that a consortium backed by Saudi Arabia’s Public Investment Fund completed a £305m deal to take control of the club.
The new owners insist they want to transform the Magpies into a superpower like Manchester City and Paris Saint-Germain.
The club’s new chairman Yasir Al-Rumayyan, has now penned a letter about their ambitions and pledges to deliver a team that the fans can be proud of.
As reported by the Newcastle Chronicle, he says: “First of all, I want to stress that we are incredibly proud to be the custodians of an institution like Newcastle United. This is your Club.
“It has been at the heart of the community for more than 125 years – there are season ticket holders today who are following in the footsteps of their parents, grandparents and great-grandparents.
“As the new owners, we will listen to the community. Owning this club is not a responsibility we have taken on lightly and we will never lose sight of what it means to be part of Newcastle United.
“I also wanted to give you an understanding of what you can expect from us as owners and what our plans are for your club at this stage.
“Most importantly, you can expect ambition. Like you, we want to create a consistently successful team. We’re here to build long-term success for the club.
“What will that look like in practice? ‘First and foremost, we want to talk to people at the Club and across the wider community to get their input before we finalise our plans.
“We will make sure to focus on things that will deliver long-term success.
“Whilst we are newcomers to Newcastle, we are investing alongside people who have been committed to this Club and this city for many years.
“Amanda Staveley’s PCP Capital Partners is a key part of our investment group. Jamie Reuben and his family are already significant investors in the city of Newcastle.”
