Liverpool manager Jurgen Klopp has said Newcastle’s recent Saudi Arabian-backed takeover can turn them into a “super team” now they are the richest club in the Premier League
The Reds boss claims the Magpies, recently purchased by the Saudi Arabian Public Investment fund for £305million, will soon be a “super team,” now boasting the tag of having world football’s richest owners.
Although the ramifications of Financial Fair Play will prevent Newcastle from splashing the cash with no restraints, Klopp believes Newcastle will have a “guaranteed spot in the Champions League” in a few years’ time as a result of their new-found wealth.
The German’s words come after Liverpool endured a frustrating summer in the transfer market, only signing French defender Ibrahima Konate for £36million despite being linked to a host of talent – just as the north-east club are now.
Owners Fenway Sports Group are under pressure to back the Reds with funds in order to keep them within touching distance of clubs who are more willing to spend such as title rivals Manchester City and Chelsea, whom Newcastle will be looking to compete with.
Klopp’s coaching has helped bridge the gap but his club could soon find it even harder to keep up with the rich and powerful of the Premier League.
Discussing the latest top-flight takeover in his pre-match press conference ahead of his team’s trip to Watford on Saturday, Klopp said: “What will it mean for football? A few months ago, we had a massive issue in the football world with 12 clubs trying to build a Super League.
“It didn’t happen but this is kind of creating a ‘super team’ if you want. It is pretty much the same.
“Guaranteed spot in the Champions League. In a few years’ time, not immediately.
“With how financial fair play is used nowadays where nobody knows exactly whether it is still existing or not.”
Klopp, who has maintained that his club do not boast the financial clout seen elsewhere in the Premier League, continued: “Money cannot buy everything but over time they have enough money to make a few wrong decisions to then make the right decisions and then they will be where they want to be.”
Recent developments in the United States, however, has opened up the prospect of Liverpool potentially changing hands in the near future.
Could Newcastle soon be a threat to Liverpool? Give us your verdict here.
On Thursday, RedBird Capital Partners founder Gerry Cardinale refused to rule out a future ownership of Liverpool.
Cardinale’s private equity firm took an 11% stake in FSG back in March in a $750million deal that saw basketball star and Liverpool fan LeBron James also become a partner, along with his business partner Maverick Carter.
Speaking at the Financial Times’ Business of Sport US Summit, Cardinale was asked about potentially being the Reds’ next owner.
“We did not underwrite that with that as the goal,” he responded.
“No [I do not rule it out], I definitely would not exclude it as it would be a privilege but I think that Liverpool is in fantastic hands with the current group.”
He continued: “We are there to support [FSG] and play a supporting role where we can but that is a phenomenal team from ownership and management all the way down.”
It comes on the heels of RedBird’s further tie-in with FSG and the Merseyside club.
Cardinale also has a majority stake in Ligue 2 outfit Toulouse through his RedBird FC business
Also on Thursday, it was confirmed that both companies, along with kit supplier Nike and Epic Games, took a stake in James and Carter’s SpringHill Entertainment Company.