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Old 08-10-21, 09:14   #1
 
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Movies Newcastle United F.C. SOLD to Saudi Arabia -£305m

UK: Newcastle United Takeover Confirmed as Saudi Arabia Complete £305m Deal

Newcastle United's Saudi-led takeover has been confirmed after a deal was agreed between the two parties alongside the Premier League after an 18-month long saga

BBC News 8 OCT 2021.








Crown Prince Mohamed bin Salman chairs the Saudi Public Investment Fund (PIF)(PA)


Newcastle United has officially been bought by Saudi Arabia for £305m - with a vow to take the club back to the Champions League.

Mike Ashley’s 14 year reign at St James’ Park is over, and the Toon are now owned by the richest backers in football.

The Geordie club is now set for a new era which - given the riches available from the Public Investment Fund of Saudi Arabia - will once again see United mix it with the elite.

Newcastle fans have hailed the deal - which was secretly revived over the last few weeks - as transformative for the club and potentially the North East region.

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