Newcastle United: Alan Shearer says the Saudi Arabian-backed of the club takeover is a 'special day' for the fans

Alan Shearer is regarded as a Newcastle United legend and has his own statue outside St James' Park

Alan Shearer says the Saudi Arabian-backed £305m takeover of Newcastle is a "special day" for the club's long-suffering supporters.

The takeover ends Mike Ashley's 14-year spell as Newcastle owner in which time they have twice been relegated.

"All we've done is tick along and survive for 14 years," Shearer said.

"We've had no real ambition, we've survived, cup competitions have been non-existent and this city and this football club and our fans deserve better.

"The fans are loyal, they love their football club and their life is Newcastle United. It all depends on whether Newcastle win on a Saturday. They work hard all week to spend their money on the club, so I understand why there is so much happiness in the city today and I feel exactly the same.

"Our fans also need to know that they matter, because they haven't for 14 years, so today is special for them."

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Shearer, who scored 206 goals during 10 years at St James' Park as a player, helped the club to several top-four finishes. They qualified for the Champions League on three occasions between 1996 and 2003.

However, those squads had more than a sprinkling of star quality, in contrast to recent years when a perceived lack of investment in the playing staff has led to mediocre performances and fan protests.

"The dream is that we want a little bit of hope. Fans want their football club to try and be the best and I really understand their excitement for that reason," Shearer added on BBC Radio 5 Live.

"The Newcastle fans have not mattered for 14 years. Their money hasn't been invested and they've not been consulted. To have a football club that has such passionate support but not have that level of consultation is not good.

"We now have owners that will invest and I think that's really important for the fans to see that.

"It will need patience and that's fine. We don't expect to be winning the league in the next few years or winning the Champions League, we just expect a little bit of something to look forward to.

"The fans deserve that, they are such loyal and passionate supporters and they've been on the brink for so long. We were lucky enough to do so much at one time and it was a happy and thriving place, but there's been none of that for the last 14 years."

The Premier League approved the takeover after receiving "legally binding assurances" that the Saudi state would not control the club.

That is despite the Crown Prince of Saudi Arabia, Mohammed bin Salman, being listed as the chair of the Public Investment Fund (PIF), which will provide 80% of funds for the deal.

The Saudi Arabian state has been accused of human rights abuses, but with the majority owner PIF deemed a separate entity, and an alleged piracy dispute with Qatar-based broadcaster beIN Sports, settled, there was no longer an impediment to the takeover, in the Premier League's view.

"I understand that questions have to be asked about the human rights issues, it's really important that we don't brush them under the carpet," Shearer added.

"We have to educate ourselves on that and this will highlight that even more... but already they are massively invested in this country and other sports.

"It is a huge issue but it's not Newcastle United fans' fault - they don't get a say in their football club and how it's run."

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