Jurgen Klopp, Liverpool manager, says Newcastle United is a new footballing "superpower", following their 305 million Saudi Arabian-backed takeover.
After the Premier League approved the takeover earlier this month, Newcastle became one of the most wealthy clubs in the world. The Public Investment Fund provided 80% of the funds.
Klopp knows that Newcastle's financial power, which currently ranks second in the Premier League, gives them the opportunity to build a "superteam". There are reports that the club will sign world-famous stars in its upcoming transfer windows.
What does it mean for football?" Klopp stated that there was a major problem in the football world a few months back when 12 clubs tried to create a Super League.
It didn't happen, but it is a way to create a super team if you wish. It's pretty much the exact same. You will be guaranteed a place in the Champions League. Not immediately, but in a few years. Financial fair play is used today in a way that nobody can tell if it is still there.
For a better video player, please use Chrome browser. Andrea Radrizzani, Leeds' owner, has asked the Premier League for financial fair play regulations to be adhered to by Newcastle after their takeover.
It will be a hit with Newcastle fans, but it is also a great news for us. It's impossible to avoid it.
They can't buy everything, but they do have enough money over time to make some bad decisions and then they'll be where they want.
After receiving "legally binding assurances," the Premier League approved the takeover.
Klopp however, described Newcastle as "owned by a third country", referring to investments from the Gulf states in football at Manchester City or Paris St Germain.
He said, "As far I know, it is the third club that is owned by a country." "I don't know how many countries have the financial power or interest to do this.
For a better video player, please use Chrome browser. Dr Tom Bason, a football finance expert, predicts Newcastle will have a large transfer budget for January. However, he warns that the club's income must increase in the long-term to ensure this happens.
Amnesty International urged Premier League to modify its directors and owners test "to address human right issues."
Klopp added, "I was waiting to hear an official statement from Richard Masters" "We all know that there are clearly concerns about human rights issues. It is clear, I believe, that we all think the same thing there.
Masters, the chief executive of the Premier League, met with representatives from the 19 other clubs to discuss concerns about the takeover.
Sky Sports News reached out to the Premier League about Klopp's comments.
Gerrard and Benitez Rodgers distance from Newcastle job
Steven Gerrard, Rangers manager, has been suggested as a candidate to replace Steve Bruce as Newcastle boss.
Use Chrome browser to access a better video player. Steven Gerrard said he wouldn't get drawn into speculation about Newcastle’s future as a manager, but would be keeping an 'eye' on them due to his relationship with Steve Bruce
Gerrard stated that he doesn't react to speculation and does not get involved in it.
"Especially when I know someone who I can have the greatest respect for doing the job.
"For me, it's a very important job that I am focused on. We have a top of the table clash at the weekend. It is something I look forward to.
"But I definitely have one eye on Newcastle in regards to Brucie getting his 1,000th game. A great character of the sport, someone whom I have a close personal relationship with and have the utmost respect.
"I look forward to seeing him get his 1000th game. It is a huge achievement, so congratulations to him at this weekend."
Rafael Benitez, Everton manager, was the Newcastle manager for three years from 2016 to 2019.
Use Chrome browser to access a better video player Rafael Benitez has ruled out a visit to St James' Park and stated that he is happy at Everton.
Although he was critical of Mike Ashley, the Spaniard insisted that he is still committed to his role as Everton boss.
Benitez stated: "I can assure you that I have many friends, and they were asking the same question. However, from the first day I spoke with the board here, they didn’t have to worry because I decided to stay.
"I am really happy, and it's just trying my best to improve everything here and stay focused. They are my best wishes, but I will keep my word. I will continue to work here if I do decide to stay.
Brendan Rodgers, Leicester boss, has been linked to Bruce's replacement.
Use Chrome browser to access a better video player Brendan Rodgers said he is'very happy' with the club and doesn't intend on leaving.
Prior to Saturday's Premier League match against Manchester United, he insists that he is content at Leicester and remains committed to the club.
He said, "I have a contract through 2025. I absolutely love being here."
"I am very lucky. "I'm very fortunate to have a great chief executive officer and a director for football with whom I have a close connection. I also have a group of players with whom I really enjoy working.
"We have a new competition for titles" - What has the opinion of other managers?
Thomas Tuchel, Chelsea boss, stated that "In general yes. I think it's normal people having concerns. We trust the Premier League. They have accepted, and they are the authorities.
"They allowed it, and Newcastle now have new owners. They seem to be promising for a well-known club in England, and it seems that we now have a competitor for titles or places at the top of the ranking.
"We play in one of the most difficult leagues and it seems to get harder every day."
Ole Gunnar Solskjaer, Manchester United's boss, said that although it wasn't been his primary focus, he noticed the changes in his team. It was not something I expected, but it did and it will change the picture.
"I don’t know what the new owners plan to do, and I don’t know if they’re going spend a lot of money or what they’re going to do with it. It's a great football club with tradition, I enjoyed that time when Newcastle were up there [in 1990s].
"Short-term it won't change, but long-term it's going to be interesting to see. It has been the talk about football for the past two weeks. If they can achieve that with the results, then that's what it wants.
"But, as I said it, it's not mine focus. "I don't want in on that political conversation."