Newcastle’s new owners are reportedly ready to pay £8million to dismiss Steve Bruce before next weekend’s clash with Tottenham because they are fearful of starting the new regime on a negative note. The Magpies confirmed that the £305million deal, backed by the Crown Prince of Saudi Arabia Mohammed bin Salman, had received Premier League approval yesterday evening as Mike Ashley handed over the keys to St James’ Park after a turbulent 14-year reign.
The Public Investment Fund (PIF) will provide 80 per cent of the funds behind the deal with Newcastle’s new ownership now ready to invest in order to drive the club to new heights.
Newcastle can now be considered at least one of, if not the richest, club in the world as the PIF have assets worth up to £250billion.
Amanda Staveley, who has been trying to work on a deal for the best part of four years, has promised fans that this is a long-term investment and that the board want the club to be regularly competing for major trophies.
Current manager Bruce could now be the first casualty of the new era with supporters keen to see the back of their boss, who has led the club to 12th and 13th place finishes in the past two seasons.
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Antonio Conte and Frank Lampard are also among the contenders with the bookmakers but there is nothing concrete to those links as of yet.
Last night, Bruce broke his silence on the takeover and publicly declared he wanted to continue his work on Tyneside.
“I want to continue,” Bruce said in an interview with the Daily Telegraph.
“I’d like the chance to show the new owners what I can do, but you have to be realistic and they may well want a new manager to launch things for them.
“New owners normally want a new manager. I’ve been around long enough to understand that.”
He later conceded that his fate is out of his hands, adding: “That decision is not up to me. I accept that and I will accept what comes my way. I have to wait to have those conversations with people when the time is right.
“If I don’t make it to a 1,000 games against Spurs, you might say that could only happen to me, but I don’t think it would be cruel. It’s just football.”