Business of Sport Ep.1: Jamie Reuben, Co-Owner @ Newcastle United FC, 'From fighting relegation to competing in the Champions League'
Jun 6, 2023
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Jamie Reuben, Co-Owner of Newcastle United FC, discusses plans to build a top-level club, hiring the right people, the role of data in talent acquisition, and the commercial opportunities of the Premier League.
Surviving relegation and achieving Champions League qualification has been an incredible journey for Newcastle United under the co-owners' transformation and long-term success plans.
Eddie Howe's preparedness and attention to detail during his interview won over the board and highlights the importance of being well prepared in making a strong impression.
The acquisition of Newcastle United involved a consortium, including Amanda and her husband, and required careful planning and strategic thinking over a couple of years.
Deep dives
The Importance of Being Well Prepared in Interviews
Eddie Howl's interview captivated the entire board due to his exceptional preparedness and attention to detail. Being well prepared is crucial in making a strong impression during interviews.
The Transformation of Newcastle United
Jamie Rubin discusses the incredible journey of Newcastle United since their takeover, surviving relegation and achieving extraordinary Champions League qualification. The co-owners have undertaken a mammoth transformation and have plans for long-term success.
The Process of Acquiring Newcastle United
Jamie Rubin explains how the opportunity to acquire Newcastle United came about, involving a consortium that included Amanda and her husband, as well as a public investment firm. The process took a couple of years and required careful planning and strategic thinking.
Understanding Financial Fair Play in Football
Jamie Rubin discusses the challenges of operating within the financial fair play (FFP) constraints. It requires smart and strategic decision-making, as well as a focus on growing the business side and the non-football aspects of the club.
The Role of Owners in Sports Clubs
Jamie Rubin emphasizes the importance for owners to communicate with fans, have a clear vision for the future of the club, and understand that the club ultimately belongs to the community. Effective communication and a long-term strategy are key in managing the expectations of fans and ensuring the success of the club.
Jamie Reuben is the Co-Owner of Newcastle United FC and Owner of Arena Racing Company. Since their takeover at the end of 2021, Newcastle’s journey has been incredible, surviving relegation before pushing on and achieving an extraordinary Champions League qualification this season.
In today’s episode with Jamie, we discuss:
His plans to build a club challenging at the top level:
How Jamie became part of the consortium to buy Newcastle United and the process they went through to complete the takeover.
What are Jamie’s thoughts on the value of Premier League football clubs and how the reported £300m deal compares in the current market?
Newcastle’s dedication to abide by Financial Fair Play while trying to attract top talent and improve the playing squad.
Jamie’s views on the role of football club owners and different ways to engage and connect with their fans
The importance of hiring the right people:
The story behind Eddie Howe’s appointment as manager and how he won over the board.
Why having clear and defined roles across operations and performance created the best environment for success and development.
Newcastle’s desire to sign the best players who fit the culture of the club and who put ‘team’ at the heart of everything.
The role data is playing in uncovering talent and the edge he believes this gives when building a squad capable of competing for the league.
The commercial opportunities that make the Premier League so formidable:
Why media rights are so important to the total revenue generated by Premier League clubs and how that allows them to spend more on the team.
‘It’s a big aspiration of ours to build our brand globally and attract more fans from around the world’. How does Jamie plan to achieve this?
Is there room to improve the equally distributed international media rights package and which regions can be targeted to achieve this?
Does a commercial opportunity ever come into conflict with the fans?
How the commitment to distribute finances from top to bottom creates a more competitive product.
The value of a sporting portfolio:
Jamie’s passion for horseracing and how their ownership of Arena Racing Company fits into the wider sporting portfolio.
How does the business of racing compare to the business of football, and do the key financial drivers differ?
Can more be done to improve the media and content around racing as we have seen in Formula 1 and football?
Jamie’s ambition to add more assets to their sporting portfolio.
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