Latest Report: Saudi Pif facing uphill battle at Newcastle after ‘seismic moment

Former Aston Villa CEO Christian Purslow argues that financial regulations should not hinder wealthy owners from enhancing their clubs. However, he expresses concerns that these rules are currently hindering such improvements, citing Newcastle’s challenges in January. Purslow, who also held roles at Liverpool and Chelsea, deems Eddie Howe’s announcement about player sales at Newcastle a ‘seismic moment.’ He questions why such a situation arose, given the considerable wealth of Saudi PIF, characterized as ambitious owners aiming to challenge the elite. The 60-year-old finds it unsettling that wealthy owners face selling players for ‘sustainability’ shortly after takeovers, especially when the ‘big six clubs’ stand to benefit, as exemplified by Manchester City profiting from Aston Villa’s sale of Jack Grealish due to Financial Fair Play (FFP) reasons.

 

 

“When Eddie Howe declared in the initial week of January that we’d need to offload players to bring in new ones, it was a groundbreaking moment for someone like me, an ordinary football fan,” he expressed to talkSPORT. “I couldn’t help but think, ‘Wait a minute. This club is under the ownership of incredibly affluent individuals who possess high ambitions.'”

“We’ve witnessed their accomplishments in golf. Acquiring Newcastle wasn’t about settling for a mid-table position. Their aim is to take on the elite and challenge the established order. Financial sustainability isn’t an issue when they’re utilizing actual funds. Yet, paradoxically, they find themselves compelled to sell players, likely to the advantage of the big six clubs.”

“It simply feels inappropriate. These regulations shouldn’t be employed to impede well-funded new owners from reorganizing and enhancing clubs in the aftermath of a takeover. While money has posed a threat to football recently, Financial Fair Play (FFP) could also jeopardize the sport if it hinders any contender, such as Newcastle or Aston Villa, from disrupting the established dominance of the big six clubs.”