Comments made by Amanda Staveley on Financial Fair Play (FFP) to the National back in February have been relayed by The Chronicle amid the proposed takeover of Newcastle United.
As per the outlet, the businesswoman showed her admiration for Manchester City as they were taken over by the Abu Dhabi United Group under the now current owner Sheikh Mansour Bin Zayed Al Nahyan back in 2008.
Staveley was particularly impressed with how they invested in and around the city of Manchester and suggested that she would do this as well if the prospective takeover in the North East is successful.
The head of PCP Capital Partners also commented on FFP, which is particularly relevant now as City’s proposed two-year ban from all European competition was overturned in an official appeal to the Court of Arbitration for Sport (CAS), which was a case over possible breaches of FFP rules and regulations (via BBC).
Staveley insisted that “all football clubs have to be financially stable” when talking about the rules of FFP, which gives a possible hint as to how she would aim to run the Tyneside club providing that her bid is approved by the Premier League.
Will the Premier League approve the takeover of Newcastle?
The buying side also consists of the Kingdom of Saudi Arabian (KSA) crown prince Mohammed bin Salman (MbS) and his country’s Public Investment Fund (PIF), as well as the billionaire Reuben brothers, who are originally from India but are both now based in London.
Nevertheless, some members of the Toon Army may be encouraged by the comments from Staveley as they hint that she would be extra careful with regards to FFP if she manages to take over from Mike Ashley at St. James’ Park.
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