Future Newcastle United PCP Capital Partners buyers react to European Super League news
Posted On April 18, 2021
Future Newcastle United buyers PCP Capital Partners reacted when 12 European clubs signed up to join a breakaway Super League ahead of UEFA’s plans to announce a new Champions League format.
Six top English clubs are among the squads, but Bayern Munich and Paris Saint-Germain have refused to join the movement.
20 European clubs with 15 permanent members plan to launch the Super League from 2022-2023, but Europe’s biggest leagues and UEFA are against the idea and have issued joint statements condemning it.
Amanda Staveley’s husband and partner at PCP Capital Partners, Mehrdad Ghodoussi, took to Twitter to respond to the development:
Staveley and Ghodoussi are part of the Saudi-led consortium trying to buy Newcastle, and new revelations have emerged over the past week – a year since a £ 305million buyout was agreed with Magpies owner Mike Ashley.
Clubs like Newcastle will take massive financial blows if a European Super League is created, and it will be interesting to see how things go.
Arsenal, Liverpool, Manchester United, Manchester City, Chelsea and Tottenham Hotspur want to join Real Madrid, Barcelona and Atletico Madrid, Juventus, AC Milan, Inter Milan to create the Super League.
England’s six clubs have no plans to quit domestic football, but they need the Premier League’s permission to join any new competition.
A separatist league would mean the end of competition in national and European football, and doing so in the midst of a pandemic could be fatal for people like Newcastle.
UEFA, EPL, FA, Spanish and Italian football federations and La Liga have warned that clubs involved in the separatist league will be banned from playing in any other competition at national, European or world level.
Players could also be denied the opportunity to represent their national teams.
In other news, ‘If I could turn the clock back now’ – a 29-goal, £ 30million hitman admits NUFC regrets amid LUFC ties.