Newcastle Warned They May Have to Wait for Success With Takeover 'A Matter of Time'

The long-awaited takeover of Newcastle has been labelled 'just a matter of time' but former Liverpool defender Jamie Carragher has warned that the club must manage their expectations.

A group of investors led by Amanda Staveley, backed by Saudi Arabia’s Public Investment Fund and private equity firm Reuben Brothers, are close to ending Mike Ashley's 13-year reign as Newcastle owner. 

Amanda Staveley

Staveley previously failed with a takeover bid for Newcastle that was launched in 2017 but this current attempt has been ​progressing well as the consortium have already filed the legal paperwork. 

In what will be joyous news to the ears of Newcastle fans up and down the land, it appears as if this takeover really is the real deal - with Sky Sports pundit Jamie Redknapp, who knows the Reuben family that stand to own 10% of the club, among those to acknowledge that a deal is close to being tied up.

Speaking on Sky Sports' ​The Footba​ll Show Redknapp said: "For Newcastle fans, this is going to be great news. I know the Reuben family, who are involved in buying the club. Right now, they are just waiting because they don't want to come out and talk about astronomical numbers. It feels a little bit uncouth to be talking about that right now.

"However, from what I can gather, it's just a matter of time. They will invest, they want to buy big players and take Newcastle back to where they should be again.

Staveley was involved in Sheikh Mansour's takeover of ​Manchester City in 2009 which saw the club win the Premier League title after three seasons of investment. 

Manchester city owner Sheikh Mansour bin

However, former Liverpool teammate Carragher has warned that immediate success is not an inevitability and remains cautious about ​Newcastle's chances of consistently challenging for European football. 

On the same programme Carragher explained: "The big problem the new owners will have is the same as every other club has had when they think they can challenge for the top four."

The former ​Liverpool defender continued: "However, it's very, very difficult and all of a sudden, before you know it, you are in big problems yourself financially because you are really trying to attack those top clubs.

"It's going to be very difficult to get Newcastle back to where they belong in terms of challenging for a league title. I don't see that but in terms of maybe challenging for European places, trying to get into the top six, it's not easy."

The potential future major shareholders of Newcastle would be ​one of the richest in the Premier League, but it is perhaps wise to remain cautious until all parties have signed on the dotted line.

Source : 90min