Chelsea owner Todd Boehly’s intriguing Newcastle United Saudi comments reveal Premier League top six fears
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New Chelsea owner Todd Boehly has predicted the Premier League’s top six will soon become a top seven with Newcastle United predicted to muscle in on the top flight status quo.
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Hide AdBoehly’s consortium recently concluded the protracted buyout of the Blues from Roman Abramovich, but it is the takeover of another Premier League sleeping giant that has demanded his attention.
Speaking at the SuperReturn International private equity conference in Berlin on Wednesday, Boehly spoke about the takeover of Newcastle United by majority shareholders, the Public Investment Fund of Saudi Arabia, and how that deal has changed the landscape in England’s top flight.
He said: “The big six will become the big seven with the Saudi deal for Newcastle.
“There is going to be opportunity for everyone to win.”
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Hide AdBoehly became Chelsea’s new owner alongside private equity firm Clearlake Capital last month after completing a £4.25billion takeover.
And the big six Boehly refers to contains Premier League giants Liverpool, Manchester City, Manchester United, Arsenal, Tottenham Hotspur and the Blues.
Todd Boehly is convinced that Newcastle will establish themselves alongside the likes of Chelsea, Manchester City and Liverpool by forming a 'Big Seven' in the Premier League.
In October Mike Ashley was bought out of his near 15-year ownership of United when PIF, supported by PCP Capital Partners and RB Sports and Media competed the £300million purchase of the Magpies.
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