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Newcastle buyout gives potential purchasing power that could impact Arsenal, Chelsea and Spurs
After an 18-month roller coaster ride, a Saudi-backed takeover of Newcastle United looks imminent.
The Amanda Staveley-led consortium appeared dead and buried after issues emerged over an alleged piracy disagreement with Qatar-based broadcaster beIN Sports, which owns the rights to broadcast Premier League games in the Middle East.
However, it looks like a resolution has been made and current owner Mike Ashley will sell the club in the coming days.
Still, it’s unclear exactly how much money will be invested in Magpies, with financial expert Kieran Maguire previously claiming that the investment could be hugely large despite FFP (Financial Fair Play) regulations.
Speaking in May 2020, football finance expert Kieran Maguire said: “I have calculated the numbers and the NUFC has made an FFP profit of around £ 82million in the last two seasons until at the end of 2018/19 Allowable loss is £ 105 million over three years.
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