Chelsea owner Todd Boehly is convinced Newcastle United will be a Premier League power in the not too distant future.
And he says it will be a positive for the Premier League.
"The big six will become the big seven with the Saudi deal for Newcastle," Boehly said told the SuperReturn International private equity conference in Berlin on Wednesday.
"There is going to be opportunity for everyone to win."
Newcastle finished 11th last season under Eddie Howe but heading into their first full season under Saudi ownership, the Magpies are expected to flex their financial muscle to close the gap on the teams in European competition.
Boehly also insisted the Premier League was undervalued.
"They don't realise how big their opportunity is," Boehly added at the event in Germany.
"Let's get a hold of our destiny and think about how to optimise this."
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