Newcastle United director Amanda Stevely said on Thursday that the club’s new Saudi-led ownership aims to win the Premier League within 10 years of taking over 10 million euros (8 408 million).
A consortium led by Saudi Arabia’s Public Investment Fund, along with Steamley’s investment firm PCP Capital Partners and RB Sports and Media, passed the Premier League owners and directors test to become the club’s new owner.
The move ended billionaire retail tycoon Mike Ashley’s 14-year trophy-less ownership of the club, which has been widely disliked by Newcastle supporters.
Asked about his vision for Newcastle over the next five to ten years, Stuart told Sky Sports: “Newcastle United deserve to be at the top of the Premier League. It will take time, but we got there. will go.”
Magpies are one of the best support clubs in England but have not won a major domestic trophy since 1955.
Stuart tried to overcome expectations about Newcastle’s immediate prospects as fans and former players dreamed of a bright future of cash fuel.
The British financier added: “We want to be the great patrons of this club. “What we don’t want to risk is more promising.
“Newcastle are the best team in the world and we want to see them win the top trophy in the European Premier League. Winning the trophy means investment, patience, time.”
The 48-year-old manager was embroiled in controversy over the future of Steve Bruce, with many Newcastle fans demanding his removal.
“I am not able to say anything about the players or the managers. I have spoken to the manager and we look forward to talking to him in the next few days.
“We’re very supportive of Steve. What we’re going to do is not talk about managers or what big signings we can sign,” he said.
“We are going to review the football operations, the commercial aspect, and come back and make some decisions.”
Newcastle’s next match is a home Premier League match against Tottenham on October 17.
The club are second under the table with three points and no wins in their first seven league matches.