You are under-estimating them as both a club and the new ownership. You have these arab emirate owners who compete in buliding tall buildings, now they compete with thier football clubs. Newcastle are actually in a better position than City before they had their first take over.
And you’re overestimating.
None of them have actually run a football club before.
And the difference between the sort of points Newcastle have managed over the last few seasons is minimally better than the points City were achieving pre Thaksin Shinawatra.
5 years from when he took over till they won a league, 4 after the Abu Dahbi take over and the City squad was better than the current Newcastle squad.
There are other factors you could point to in the initial years of City’s rise - declining Liverpool & Arsenal teams, less teams with financial clout to be competitive and the bar for success has been set significantly higher over the last few seasons that there is no margin for error.
Forget net spend - because it’s irrelevant to Newcastle’s position - but Klopp has spent £500m in his time adding to a team that has finished outside the top 6 about 5 times in the last 30 odd years.
I don’t think Newcastle’s journey to “the top” is going to be anywhere as smooth as people think it is.
Also - who are they going to buy from and who isn’t going to try to fleece them - they might end up strengthening some other teams by paying inflated fees.
Hopefully we can fleece them since we can’t fleece Barca any more.