The Saudi acquisition of Newcastle, worth £ 300 million, is expected to be confirmed next week. The group led by Amanda Stavely will acquire the club in an agreement signed with Mike Ashley, which will transform Newcastle into one of the richest sports teams in the world.
And the announcement is expected to take place in the next seven days, with the Premier League ready to sign the deal.
The Premier League has been warned to reject the agreement due to beIN Sport's piracy complaints and by human rights activists, but the Saudis are confident that the agreement is now a formality.
House of Saud report that the Newcastle council is also confident of an announcement "within, at the latest, next week".
The new owners, who will be constituted by the Saudi Arabian Public Investment Fund, the PCP Capital Partners of Staveley and the Rueben Brothers, have also drawn up a & # 39; dream list & # 39; of players to be targeted in the transfer market and are working on an agreement for Mauricio Pochettino to replace Steve Bruce.
Newcastle has been linked to names like Philippe Coutinho and Kalidou Koulibaly in the past few days.
Reports in Spain this morning claimed that Barcelona were ready to sell Coutinho to Newcastle, with other options looking rare.
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Barça want to change Coutinho and need a Bayern buyer who is unlikely to use his permanent option as part of his loan contract.
And while Pochettino seems to be the favorite to replace Bruce, there are at least three other big names on the list, including former boss Rafa Benitez, who was in charge when Stavely previously tried to make the deal.
Max Allege and Julian Nagelsmann are also being considered, but it was reported last week that the current team is interested in keeping Bruce in charge.
However, Don Hutchison said that if the club catches Pochettino, the superstar players will follow.
"The most important man at the moment to try to get through the door is Pochettino," said Hutchison.
"If you are the owner and you have all that money you want to spend in Newcastle – the first to be agreed is the manager.
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"If you have a world-class coach in Pochettino, I guarantee that players in the Premier League and across Europe look to Newcastle thinking that it could be a club I want to join.
"They go only one way, and that is in the top six and, I hope, in the top four. Newcastle needs massive reconstruction.
"Coutinho will not win the Newcastle title yet, with the current crop of players.
"He won't even take them to the top four or six.
"Pochettino will enter through the door, then Coutinho will enter, and suddenly everyone will take Newcastle seriously."
"At the moment, it is not ready and it is just a dream, but Pochettino and Coutinho at Newcastle I am sure that the best players in the league would like to join Newcastle."