The shares in Newcastle United of SJH Holdings, which are owned by Mike Ashley, have been transferred to the Saudi consortium. Confirmation of Saudi Arabia’s takeover of Newcastle United is imminent. The takeover is complete and an official announcement has been made.
Newcastle United are now expected to appoint several coaching staff in replacement for the current ones in charge. The Tyneside will be looking to bring in star players into their squad in the next transfer windows.
Newcastle United’s prospective new owners are considering a move to appoint a sporting director, with Man City academy director Jason Wilcox among those considered a suitable candidate. In the event of an approach from Newcastle United, Man City are planning to convince Jason Wilcox to stay.
After the success of the takeover is, Chelsea Legend Frank Lampard is being linked to becoming their next manager. It brings a dramatic end to the Mike Ashley era on Tyneside after 14 difficult and often contentious years.
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