Middle East money bound for Newcastle

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Amanda Staveley is leading a group seeking to buy Newcastle from Mike Ashley. (Shutterstock)
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Updated 15 December 2017

Middle East money bound for Newcastle

LONDON: Newcastle United find themselves in a strange limbo but on Wednesday night, it seems, the takeover of the club by the Dubai-based PCP Capital Partners Middle Eastern investment fund took a significant step forward. It is a saga that had dragged on for so long, that many fans had begun to lose hope of the takeover happening at all; after all, it wouldn’t be the first time their owner Mike Ashley had prevaricated on a deal with the result that the potential buyers had drifted off.
The whole season has been played out in the shadow of the takeover. Newcastle are battling in the Premier League with a Championship squad, with Ashley understandably reluctant to invest in players for the benefit of a new owner. Even with Amanda Staveley, the financer fronting the deal, increasing her offer to a reported £300 million ($400 million) on Wednesday, though, it is unlikely any resolution will be swift and it could be late January or even February before the takeover is completed. That would be too late for the January transfer window, which could have serious consequences for the club in terms of avoiding relegation. Exactly who is backing the fund remains unclear, although it is thought the main driver is from the Arabian Gulf. Newcastle fans won’t care.
After a decade of battling Ashley and his cost-cutting and crassness, there’s a sense that almost any owner is better than the one they have. It is, of course, nothing new for Premier League clubs to be under foreign ownership. Only seven of the 20 clubs are majority-owned by British concerns.
The Premier League is increasingly a global league that happens to be hosted by England (and Wales). Newcastle will look at the last deal Staveley fronted — Sheikh Mansour’s takeover of Manchester City in 2009 — and feel a surge of optimism. Whatever dark mutterings there may have been about City buying success (as though every successful club in the past 40 years or so of English football didn’t in part owe its position to economic advantages), or Mansour’s reasons for investing in English football — it would be naïve to believe he has done it solely because he enjoys the game, or because he believes it will secure a healthy return on investment — the result has been a team playing the best football in the world at the moment.
You do not have to be a City fan to see his ownership of the club as a positive, and that is without even considering all the investment that has gone on to redevelop what had been a run-down area of east Manchester.
The general perception of the Qatari investment in PSG is rather less positive. They too have played some thrilling attacking football this season, breaking the Champions League group stage goalscoring record.
The signings of Neymar and Kylian Mbappe, though, were so brash and created such an imbalance in the squad that it was hard to interpret them as having been made for purely football reasons; rather this was a display of financial muscle, a slightly vulgar expression of soft power that, frankly, made a mockery of Financial Fair Play regulations. Everton, meanwhile, serve as a cautionary tale closer to home for Newcastle of Middle-Eastern investment and what can go wrong when money is sent without a plan.
While PSG will almost certainly win Ligue 1 and should be challengers for the Champions League, Everton, after a summer in which they spent €158 million (albeit recouping €107.4 million), found relegation such a threat they were forced to part company with Ronaldo Koeman and appoint Sam Allardyce, a step that has driven them up the table but is hardly the move of a progressive club building for an exciting future. It’s a familiar theme. Success in football is almost impossible without money but money in and of itself is not sufficient to bring success. Squads must be blended with care and attention. It has taken City eight years to get to this stage, appointing former Barcelona executives to entice Pep Guardiola and then buying him the players he needed.
Staveley’s takeover, if it goes ahead, will solve only one of Newcastle’s problems, that of Ashley. Beyond that, it’s an opportunity, and one that will increase the influence of the Middle East in European football.

 


Southgate to bring Sterling back from England exile

Updated 17 November 2019

Southgate to bring Sterling back from England exile

  • World Cup semifinalists ‘still have room for improvement as they chase first major title since 1966’

PRISTINA:  Gareth Southgate is set to bring Raheem Sterling back from his brief England exile in Sunday’s qualifier against Kosovo as he seeks to end the controversy over the Manchester City star’s row with Joe Gomez.

Sterling was dropped for Thursday’s 7-0 rout of Montenegro after clashing with England team-mate Gomez in the Three Lions’ training base canteen.

It is believed Sterling was unhappy with Gomez following an altercation with the Liverpool defender during City’s Premier League defeat at Anfield last weekend.

Although Sterling was left out of the Montenegro game as punishment for his attack on Gomez, Southgate has confirmed the winger will return for England’s final Group A fixture.

Sterling and Gomez, left with a scratch under his eye after the incident, are said to have patched up their relationship, but the center-back was jeered by England fans at Wembley when he came on as a substitute against Montenegro.

Both Southgate and Sterling expressed their support for Gomez and criticized the booing supporters, with the England manager reportedly comforting the shocked 22-year-old and his family after the match.

Now Southgate could include Gomez against Kosovo in a show of support for the Liverpool player.

With England already guaranteed to qualify for Euro 2020 in first place in their group, Southgate already planned to make changes, although he is keen to ensure England finish with a win as they eye a top-six seeding in next year’s tournament.

“We will make some changes, for sure, but the seeding in the group could be critical and we know it’s a big night for the Kosovans,” Southgate said.

“It’s a shame for them that they’re now out of this part of the qualification, although they’ve still got the playoffs in which I think they’ll be a huge threat in that format. “So, it will be a good test for us because it will still be a lively environment.

“The enthusiasm for the game is high and we want to finish the group with as many points as we can.”

Liverpool captain Jordan Henderson could return following a one-match ban, while Southgate has to decide whether to keep faith with Ben Chilwell ahead of Danny Rose at left-back.

Harry Kane may have scored a hat-trick against Montenegro but it was Leicester’s Chilwell who was named England’s man of the match following a fine display in which he provided three assists in the opening 24 minutes.

“Ben, I liked the hunger in his game, the enthusiasm to get forward,” Southgate said.

“The whole team pressed well but he also pressed well from that full-back position, got into overlaps, his quality of delivery was excellent.”

Although England have cruised through their qualifying group, Southgate believes the 2018 World Cup semifinalists still have room for improvement as they chase a first major title since 1966.

“There were a couple of chances we conceded that just shouldn’t happen, so that’s still part of our game that we’ve got to improve upon,” he said.

“If we are to be a team that are going to challenge seriously, although we’re young, we’ve got to manage games well.

“We’ve got to make sure that, although we’re such a fantastic attacking threat, the rest of the team is right as well. There are things we’ve got to be better at.”