Simon Jordan has told Premier League clubs to keep their noses out of Newcastle United's takeover, saying: "Mind your own bleeding business."
Newcastle became the richest team in England's top division after Mike Ashley sold the club to a Saudi-backed consortium for £305million last week.
The other 19 Premier League clubs reportedly demanded an emergency meeting with top-flight chiefs amid anger over the takeover.
But former Crystal Palace chairman says they should stay out of it, as long as the takeover has complied with Premier League rules.
“It's none of my business who owns another football club," Jordan told talkSPORT.
"If the Premier League's job to make sure that people meet the obligations that whoever owns a football club has to meet, and that's the job that they have to do.
"The Premier League is the sum of all of its parts which is the clubs, but the executive side of it which is where Richard Masters and Gary Hoffman sit, they have got to enforce the rules that clubs have voted for."
Jordan added: "Point me to the rule that says the state cannot own a football club, because I thought Sheikh Mansour was the Prime Minister of UAE. So that’s a state owning Man City, so it already exists.
“What would these 19 clubs have to say besides, ‘We don’t like it’?
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“What’s it got to do with you!? It’s a private business that plays in a football league.
“Newcastle United was owned by Mike Ashley. He’s entitled to sell the football club to whoever he wants as long as it complies with the Premier League rules at the football clubs.
“So, what you’re basically saying is, they should go in there and pitch to the other 19 clubs and make sure that they’re happy with who they’re selling to?
“Mind your own bleeding business.”
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Jordan's comments come after a backlash from Newcastle's rivals, with the Guardian reporting that the takeover of the club by Saudi Arabia's Public Investment Fund was met with anger and fear by the rest of the Premier League.
The club's new-found wealth has seen them linked with moves for a host of Premier League players in the January transfer window – including Manchester City and England winger Raheem Sterling.
Sterling has reportedly demanded assurances from manager Pep Guardiola over his future role as City look to extend his contract and keep him out of the clutches of rival clubs.
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