BREAKING: Premier League Club Announces New Ownership
After months of speculations, Premier League side
Newcastle United have finally announced its new ownership with Saudi Arabia’s Public Investment Fund
However, led by Prince Mohammad Bin Salman replacing Mike Ashley at the St. James Park in a huge boost to the Magpies.
In an announcement made by the Premier League and Newcastle United
Saudi Arabia’s Consortium has finally acquired 100% ownership of the Magpies after an agreement between the English Football governing body
the club and St James Holdings Limited were settled earlier in the day, following months of a legal battle.
statement from the Premier League Club (Newcastle United)
“The Premier League, Newcastle United Football Club, and St James Holdings Limited have today settled
“The dispute over the takeover of the club by the consortium of PIF, PCP Capital Partners and RB Sports & Media,”
Newcastle United had been trying their possible best in this Premier League 21/22 season.
Meanwhile, Newcastle United is expected to be the new Premier League powerhouse with the majority of football fans
Pundits predicting a serious reinforcement during the coming January transfer window as well as in the summer
With the club now overtaking Manchester City and Paris Saint-German as the richest in the world of football.