The club, which was relegated twice during Mike Ashley’s time as owner, was taken over last October by an ambitious consortium led by Amanda Staveley.
However, United’s new owners want to push for Champions League football, and trophies, over the coming season. And Boehly – who took over Chelsea with private equity firm Clearlake Capital last month – has predicted a change to the so-called “big six”.
Speaking at a private equity conference in Berlin yesterday, Boehly is reported by the Daily Telegraph as saying: “The big six will become the big seven with the Saudi deal for Newcastle. There’s going to be opportunity for everyone to win.”
Newcastle are now 80%-owned by Saudi Arabia's Public Investment Fund. Staveley, through PCP Capital Partners, and Jamie Reuben, through RB Sports & Media, also own 10% stakes in the club, which finished 11th in the Premier League last season.