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Shearer makes Champions League claim as Newcastle complete takeover

Alan Shearer has discussed a return to Champions League football on BBC 5 Live, after Newcastle United was finally bought for £300million.

Newcastle’s new owners consist of Saudi Arabia’s Public Investment Fund, Amanda Staveley’s PCP Capital Partners and the Reuben Brothers.

The net worth of the Saudi Arabia PIF dwarves that of Manchester City – believed to be worth £320billion. They will own 80% of the club.

Staveley and the Reuben Brothers will each have a 10% share, but Staveley and Jamie Reuben are expected to be prominent board members.

Of course, it means the exit of Mike Ashley to the sheer delight of Newcastle fans – who have had to put up with mediocrity and failure for years.

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That lack of ambition is a stark contrast to what is possible under the new owners. Shearer spoke about a return to Champions League football.

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“We don’t expect to win the league in the next three years, or winning the Champions League. We just expect a little bit of hope,” Shearer said.

“Give us something to look forward to, excitement. These fans deserve that, they are such loyal and passionate fans. They’ve been on the brink.”

Shearer on Champions League: Can Newcastle get there, after takeover?

Realistically, to build a side capable of achieving top four football in the Premier League – takes time. Throwing money at it is not everything.

Manchester City are the best example. They signed Robinho, and it did not work. They realised they needed to build, window by window.

It is a project. Consistent spending, improvement of the academy and scouting networks – and window by window, Newcastle will improve.

Get that right, and there is a real chance that over the next five years – they could be breaking into the top four of the Premier League.

But simply with new owners in place, there will already be a spring in the step and an excitement at SJP – when they welcome Spurs next.

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