Newcastle United are experiencing their first few days under new ownership, but what can we expect from the Public Investment Fund in the January transfer window?
Newcastle United are still getting to grips with their new ownership following the long-awaited departure of Mike Ashley last week.
The Magpies new owners – Saudi Arabia’s Public Investment Fund, PCP Capital Partners and RB Sports & Media – are flush with cash and preparing for the January transfer window.
They have assets of £250billion – a number which has sparked hopes from fans that they could splash out on new players in the mid-season transfer window.
In more ways than one, Newcastle are a unique case. But previous takeovers of the Premier League’s Big Six shows that it doesn’t always work like that…
Liverpool, January 2011 – £57.7m
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Andy Carroll – £35m
Luis Suarez – £22.7m
Fernando Torres – £50m
Ryan Babel – £6m
The Reds were taken over by New England Sports Ventures, who would later become known as Fenway Sports Group, in October 2010.
Out went Tom Hicks and George Gillett and in came another group of American investors, as well as Damien Comolli as director of football strategy.
By the time January’s transfer window came around, FSG had axed Roy Hodgson and brought in club legend Kenny Dalglish, who returned to Anfield for his second stint as the Reds’ manage .
The window was one of big moves, with Torres’ departure to Chelsea funding a club-record transfer for Carroll – who arrived from Newcastle – and Suarez from Ajax.
Manchester United, Summer 2005 – £7m
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Park Ji-sung- £4m
Edwin van der Sar – £2m
Ben Foster – £1m
Phil Neville – £3.5m
Kleberson – £1.8m
Malcolm Glazer reached 70 per cent ownership of United in May 2005 when he bought the 28.7 per cent stake owned by Irish racing tycoons JP McManus and John Magnier.
Glazer had spent the previous two years aggressively buying up shares of the club and his involvement reached a critical mass that spring.
In a window in which many fans would argue foreshadowed their ongoing involvement in the club, the Glazers did not splash out on new players in the summer of 2005.
Park arrived from PSV Eindhoven and Van der Sar from Fulham in two mid-range transfers which proved very worthwhile for the club over the coming years under Sir Alex Ferguson.
Chelsea, Summer 2003 – £108.2m
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Damien Duff – £17m
Hernan Crespo – £16.8m
Juan Sebastian Veron – £15m
Adrian Mutu – £14.6m
Claude Makelele – £13.8m
Wayne Bridge – £7m
Geremi – £6.9m
Joe Cole – £6.6m
Glen Johnson – £6m
Aleksey Smertin – £4.5m
The original big-money, big-publicity foreign-ownership Premier League takeover. Roman Abramovich arrived at Chelsea in the summer of 2003 and immediately made a splash.
The Russian bought out Ken Bates in a deal worth £140m and straight away nearly doubled that expenditure on new players.
Some were successful – Duff, Makelele, Bridge and Cole – and some less so – Crespo, Veron, Mutu – but Abramovich certainly knew how to make an entrance.
Manchester City, Summer 2008 – £32.5m
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Robinho – £32.5m
Man City’s takeover by the Abu Dhabi United Group for Development and Investment went through on September 1, 2008.
That didn’t give the new owners much time to bring in new players in the summer transfer window, but they still managed it, announcing the signing of Robinho from Real Madrid on the very same day.
Abramovich’s Chelsea had looked poised to sign the Brazilian striker, but a late bid from City for a British record transfer fee closed the deal.
Once January rolled around many more players followed. Nigel de Jong, Craig Bellamy, Wayne Bridge and Shay Given arrived, joining Jo, Vincent Kompany, Shaun Wright-Phillips and Pablo Zabaleta at City.
Tottenham, Summer 2001 – £19.3m
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Dean Richards – £8.1m
Goran Bunjevcevic – £5m
Christian Ziege – £4m
Gus Poyet – £2.2m
Teddy Sheringham – free
Kasey Keller – free
Luke Young – £5.4m
Ian Walker – £3m
Alan Sugar’s reign as Tottenham chairman finally came to an end in February 2001 when ENIC completed a £22m acquisition of 27 per cent of the club.
In came Daniel Levy as ENIC’s man in the boardroom and Glenn Hoddle as manager.
Hoddle wanted reinforcements that summer and he got them, with close to £20m splashed out on new additions.
Sheringham and Poyet, in particular, were successes, but Spurs finished the 2001/02 season in ninth place.
Arsenal, Summer 2011 – £55.35m
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Alex Oxlade-Chamberlain – £12m
Gervinho – £10.8m
Mikel Arteta – £10m
Per Mertesacker – £8m
Andre Santos – £6.8m
Chu-young Park – £5.85m
Carl Jenkinson – £1m
Joel Campbell – £900,000
Yossi Benayoun – loan
Thierry Henry – loan
Cesc Fabregas – £35m
Samir Nasri – £25m
Gael Clichy – £7m
Emmanuel Eboue – £2.3m
Armand Traore – £1.3m
Jay Emmanuel-Thomas – £1m
Stan Kroenke has been involved with Arsenal since he bought a 9.9 per cent stake in 2007, but it was April 2011 when he reached a majority ownership figure of 62.89 per cent.
The American businessman assumed full control of the club when he bought out Alisher Usmanov in 2018, but the summer of 2011 was when the Gunners were first wholly his.
That summer was certainly a busy one at Arsenal, with the departures of Fabregas and Nasri paving the way for a truckload of arrivals.
Little did they know Arteta would turn into the club’s manager and Mertesacker their academy manager.