Leeds owner Andrea Radrizzani has urged the Premier League to ensure Newcastle comply with Financial Fair Play regulations following their £ 300million buyout by a Saudi-backed consortium.
A consortium led by the Saudi Arabia-based Public Investment Fund received Premier League approval last week to take control of Newcastle, with the Premier League saying in a statement on Thursday that it had received “legally binding assurances” that the Kingdom of Saudi Arabia will not control Newcastle United.
Radrizzani said that while the influx of funds into a club does not guarantee trophies, he urged the Premier League to ensure the Magpies “play fair” in their quest to do so.
“Money in football doesn’t always equal success, it has been shown time and time again,” he told Sky Sports News.
“I think we have a brilliant football project led by Marcelo Bielsa and Victor Orta, and we will continue our strategy to focus on our recruitment and develop our own players.
“This year, for example, we had over 16 national team players in our youth teams, and in England’s last Under-20 team we had four players on the pitch and two on the bench. .
“It is synonymous with (a) good investment in youth and in the academy.
“At the same time, of course, a club like Newcastle or Manchester City – owned and controlled by sovereign wealth funds – has limitless possibilities.
“That’s why I think the Premier League should apply fair play regulations to make sure we play fairly, we play in the same competition with similar opportunities.”
Newcastle are in action this weekend when they face Tottenham at St James’ Park, live Sky Sports Premier League starting at 16h.
Hasenhuttl: Newcastle ‘cried’ for investment
Ralph Hasenhuttl says Newcastle have been ‘asking’ for investment for some time and believes that investing in the Premier League is ‘a good thing’ as a general rule.
“I am not the person who decides if you are allowed to bring these people to the Premier League,” Hasenhuttl told reporters on Thursday.
“In general, investing in the Premier League is a good thing. It’s a great chance for a club, when you want to transform it and change the team. It takes a lot of money when you have a Premier League club.
“Newcastle haven’t invested too much in the past so they are all asking for more investment, and now with their new owners they have plenty of new options.
“The transfer window is now closed so it is not possible for them to invest before the winter break, but it will certainly change the opportunities they have as a club and have a huge impact.”