Newcastle implement furlough leave for staff

Ruben Hill
April 1, 2020

Newcastle have placed the majority of their non-playing staff on furlough leave.

Workers will be paid 100% of their salaries until the end of April when the decision will be reviewed.

Newcastle owner Mike Ashley was criticised last week after charging fans for season tickets in the 2020-21 campaign despite the Premier League being suspended because of coronavirus.

British finance minister Rishi Sunak announced earlier this month that furloughed workers can claim 80 per cent of their wages up to £2,500 (RM13,270) per month as part of the Coronavirus Job Retention Scheme.

The sovereign wealth fund would assume an 80% stake with a 10% holding taken by Amanda Staveley's Dubai-based PCP Capital and the remainder covered by Reuben Brothers, one of Britain's wealthiest families, whose £18bn property and investment portfolio includes Newcastle racecourse.

The Telegraph report that the Premier League have been made aware of a bid led by the the Public Investment Fund of Saudi Arabia, while The Athletic's George Caulkin claims "the Mike Ashley era at St James' Park has never been closer to ending".

Premier League clubs are due for further discussions with the PFA as the reality of wage deferrals for players loom into view.

The retail tycoon, who has own the North East club since 2007, originally attempted to keep his shops open in the wake of government lockdown measure to help stop the spread of the coronavirus, arguing that they were providing an "essential service".

"You've just got to look and say: 'Who is the person, who is the right person in a takeover?' Not about cash or anything like that, he (Ashley) wants to make sure he does the right thing by Newcastle United and himself".

Other reports by Click Lancashire

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