Mike Ashley unintentionally left Newcastle United ‘secret weapon’ to tackle Premier League elite
Football financial expert Kieran Maguire has credited Mike Ashley for Newcastle United on a sound financial footing for the Saudi-backed regime.
The Sports Direct tycoon presided over an era of apathy at St James’ Park. Star players rarely stayed more than a couple of seasons and tight purse strings caused to regularly flirt with relegation.
The Magpies twice succumbed to the Championship before finally packed his bags in 2021 – 14 years after buying the club. PIF, Saudi Arabia’s sovereign wealth fund, acquired an 80 per cent stake in Newcastle and the club’s fortunes changed overnight.
While they are yet to shatter their silverware curse, the Magpies have competed in cup finals and qualified for the Better days are to come for Toon fans as the new regime gradually build Newcastle from scratch.
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