At the Bloomberg Power Players Summit in Jeddah, Saudi Arabia, Newcastle United co-owner Amanda Staveley shared insights on various topics, from the potential of Saudi clubs in the UEFA Champions League to the intricacies of Financial Fair Play regulations. Her candid comments have sparked discussions about the future of football, both on and off the field.
Despite the skepticism from UEFA officials, Staveley remains optimistic about the inclusion of Saudi teams in the Champions League, citing the rapid growth and ambition of Saudi football.
Staveley's affection for Formula 1 was evident when she disclosed previous considerations to purchase the Williams team. Although prioritizing Newcastle United at the moment, her interest in F1 remains strong.
Staveley criticized the current Financial Fair Play regulations for stifling ambitious clubs like Newcastle. She advocates for a reform that balances sustainability with growth, allowing clubs to leverage their financial backing more effectively.
The consortium's acquisition of Newcastle United at a valuation Staveley describes as "well" below industry standards has led to significant speculation about the club's current worth. Staveley suggests that, under the consortium's stewardship, Newcastle's value has significantly increased, reflecting their on-field success and heightened profile.
The concept of a multi-club model, similar to that of the City Football Group, is on the consortium's radar. Staveley discussed the strategic benefits of such a model, from player development to global market engagement, and hinted at potential expansions into various international markets.
Staveley's remarks at the summit not only reaffirm the consortium's commitment to elevating Newcastle United's stature but also underscore their broader vision for integrating the club into global football's evolving landscape. With ambitions stretching from the Premier League to Formula 1, and potential ventures in Saudi Arabia, the journey ahead for Staveley and her consortium promises to be as exciting as it is ambitious.
(First reported by: The Athletic)
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