I think this article largely sums up my thoughts on the matter:
https://www.theguardian.com/footbal...out-actual-suffering-in-saudi-arabia-takeover
There's a large chunk of the Newcastle fanbase who seem to be celebrating "getting their club back" as though Mike Ashley was the devil incarnate, and his 14 years of ownership had reduced the club to rubble. And in that context, simply anyone taking over was a good thing. Whilst I loathe Ashley and want him nowhere near anything I like, and I know I'm not a Newcastle fan and can't feel how they've all felt, but I don't think he was so bad, certainly in comparison to other clubs, that his departure should be celebrated to the degree it has when what's coming next is incredibly morally bankrupt.
I'm not saying Ashley was a good owner. Ashley clearly sucked the fun, hope and optimism out of being a football fan, and ran the footballing side of the club poorly and haphazardly, with little forward thinking, but I don't believe at any point Newcastle fans feared the club would cease to exist. The same can't be said of the ownership of the Allam's at Hull, Duchatelet at Charlton, the Venky's trashing Blackburn, SISU forcing Coventry to play in Birmingham, Dave Allen at Chesterfield, Steve Dale the Bury owner, the Derby ****show, Marcus Evans, Sunderland, Wigan, Bolton, Leyton Orient... I'm sure I'm missing more. Fundamentally, Ashley took Newcastle from mid-table Premier League to mid-table Premier League, and never risked the future of the club in the process. Fans of all of those other clubs would be over the moon with that. Ashley's not close to being the worst club owner of the last decade. He probably barely makes the top 10? (And that says an awful lot about the Owners and Directors Test)
But Ashley's departure hasn't given Newcastle fans their club back, his final middle finger to Newcastle fans has been to make sure they never get it back. The Saudi PIF is too rich, and they'll invest so much in the club, that the only owners Newcastle will have for the next 100 years will be sovereign wealth funds. The club will be run for sportwashing, PR and to give Saudi Arabia leverage in UK politics - they've already tried to coerce UK politicians to get the sale approved. They'll take steps to keep the fans on board, but that's because they need great crowds for their sportswashing project to work, nothing else. Literally the act of celebrating a Newcastle goal will be a contribution to those efforts. They've co-opted fans love for their club and will use it to promote their own interests.
In light of that, the welcome that the PIF have received from fan groups, including LGBT fan groups, and the likes of Alan Shearer, has been fairly astonishing. They've bought the club now, they aren't leaving any time soon, but these first few months of ownership are likely the only time the Newcastle fans have any chance to make their feelings known and get even a modicum of compromise from their new owners. As the money goes in and things improve, it'll become harder to complain. I'd say I've read a good amount of the general media coverage of the takeover, but any criticism of the takeover from those with a link to Newcastle feels like it's been minimal.
As a Norwich fan, it does more to make the Premier League inaccessible. But I'd rather it was inaccessible to Norwich, than for Norwich to achieve Premier League stability through funding from a nation like Saudi Arabia.