According to sources speaking to Football Insider, Newcastle United and a top-tier Belgian club have discussed a possible purchase.
The Tyneside club wants to become a feeder club for a team at their European neighbor and grow their ownership portfolio.
The Public Investment Fund of Saudi Arabia, which also owns four teams in the Saudi Pro League, presently owns Newcastle.
They are currently considering expanding their network across Europe, which would be a game-changing move.
It was previously reported that Newcastle’s owners were interested in signing KV Oostende of Belgium, but it is now thought that another top-tier team in the nation is their main choice for a partner club.
The owners of Newcastle have discussed a prospective arrangement in which they would acquire the majority of the club.
The City Football Group of Manchester City is pioneering the way as a model of success for multi-club formats, which are becoming more and more prevalent.
CFG owns 13 clubs spread across four different continents, all of which contribute to the network’s talent development and production.
BlueCo, the owners of Chelsea, also made their first foray into multi-club ownership this summer when they acquired the majority of Strasbourg.
An associate club would present Newcastle with additional prospects for marketing, sponsorship, and the expansion of their fan base in addition to enabling them to broaden their network for scouting and transfers.
The Newcastle leadership sees multi-club ownership as an essential step in their long-term objectives for the club as they strive to make the Magpies a dominant force in European football.
The Newcastle management may be planning other football club acquisitions as they grow their multi-team network.
In other news, Hayden Holt is being chased by Middlesbrough, West Brom, and Millwall.
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