Newcastle United could follow in Manchester City's footsteps by becoming a multi-club structure, according to co-owner Amanda Staveley. The financier was speaking at the FT Business of Football summit on Thursday and touched on a number of topics, including Financial Fair Play, the Saudi Arabia Public Investment Fund and the future of the Magpies.
Manchester City, New York City, Melbourne City, Yokohama F. Marinos, Montevideo City Torque, Girona FC, Sichuan Jiuniu and Mumbai City FC are just some of the teams under the umbrella of the City Football Group (CGF). Founded in 2013, CFG is the brainchild of Man City chief executive Ferran Soriano and boasts a wealth of clubs from every corner of the globe.
Newcastle and their ownership could decide to repeat such a trick on Tyneside, should it prove to be the 'right fit'. “Obviously if we’re looking at everything in terms of how we grow Newcastle, how we grow our brand, how we grow our club,” Staveley explained.
