Newcastle chief Amanda Staveley slammed by Serie A president after Inter snub

Amanda Staveley has been slammed for "liking small cars and not Formula 1 cars" after taking the financial power of Saudi Arabia's Public Investment Fund to Newcastle United.

Staveley, who owns a 10% share of the St James' Park outfit after fronting the takeover bid, admitted after the deal that other clubs had been the subject of their interest.

As well as Ligue 1 outfit Bordeaux, Serie A giants AC Milan and Inter Milan were considered, but the Italian sides were rejected because "the structure of the league was a mess".

After Luigi De Siervo, Serie A's CEO, came out to suggest that Staveley had been bitter over the failed talks, Italy’s top-flight president Paolo Dal Pino has slammed the investment.

According to SportMediaSet, Dal Pino said: “If she has preferred to invest in Newcastle over Inter or Milan, we see that she likes small cars and not Formula 1 cars.

“I would prefer to have 90 per cent of something that will be worth €30bn in a few years, compared to 100 per cent of something that is worth 17 and maybe less in a few years.

“Serie A is made up of many brilliant entrepreneurs with a majority that wants ideas and changes. We see that it is a great opportunity because it has unexpressed potential like no other league.”

Staveley had previously admitted that the Saudi-backed Public Investment Fund had held talks with several major clubs across Europe, including the San Siro juggernauts.

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She said in an interview with the Telegraph: “We talked to Inter Milan, AC [Milan], but the problem was the structure of the league was a mess.

“We looked briefly at Bordeaux. But we’re not looking at Inter [any more]."

Newcastle fans will be hoping to look up the table following the international break, having announced Eddie Howe as Steve Bruce's replacement earlier in the month.

Staveley said: "We have been incredibly impressed by Eddie through what has been a rigorous recruitment process.

"As well as his obvious achievements with AFC Bournemouth, where he had a transformational impact, he is a passionate and dynamic coach who has clear ideas about taking this team and club forward.

"He is a great fit for what we are trying to build here. We are delighted to welcome Eddie and his staff to St. James' Park and very much look forward to working together towards our collective ambitions."

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