Newcastle United have been dominating the football headlines in the last week following the Saudi-led takeover of the club, especially after new director Amanda Staveley claimed the club's long-term target is to win the Premier League title.
That ambition could come true with the next 10 years according to football finance expert Dr. Tom Bason, who spoke to Sky Sports News about the topic.
"Well, it won't be easy. We've seen lots of clubs in recent years spend lots of money and not reach the top four. Everton, for example. And money isn't a guarantee of success," in quotes published on GiveMeSport.
"City and Chelsea have money but they also have excellent infrastructure within the club that has taken them many years to build up.
"So, in terms of their playing and financial management within the club, it's not something that's come overnight.
"Within 10 years it's certainly feasible if they start to put the right building blocks in place now."
:speaking_head:️ "The estimate has put them at about 10 times richer than Manchester City's owners."- Sky Sports News (@SkySportsNews) October 12, 2021
Football Finance Expert Dr Tom Bason talks about what the future looks like for Newcastle as the new owners will make it the richest football club in the world. pic.twitter.com/408b1wYgZO
Bason reiterated the now widely-known fact that Newcastle's owners are 10 times as wealthy as Manchester City's, with fans hoping they can follow in City's and Chelsea's footsteps to challenge at the top end of the table.
But he stressed that the main focus for the Magpies will be to ensure they comply with financial fair play regulations and increase the revenue brought into the club.
"Ultimately, if Newcastle want to be spending huge amounts of money they're going to need to increase the revenues into the club," he added.
One way to do so would be to sell the stadium naming rights, but this move has not gone down well with the Toon Army in the past.
The ground was temporarily renamed the Sports Direct Arena in November 2011 to showcase the opportunity for potential businesses, but was met with a huge backlash from Newcastle fans.
This temporary switch was ended when Wonga became the club's main commercial sponsor and the stadium's name was changed back to St James' Park as part of the deal.
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