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Opinion: Newcastle United are now The richest premier league club.

Newcastle have been taken over by Saudi Arabia’s Public Investment Fund, PIF, meaning the Magpies now have the richest owners in the English Premier League

An official statement has been released to confirm the sale of the club, which was valued at 434 billion euros.

A new beginning has emerged at Newcastle United, following the current development as Mike Ashley’s sold the club to the Saudi Public Investment Fund.

Newcastle are set to be rescued by the Saudi Arabia’s prince who’s net worth is hundred times more than Sheikh Mansour ( Manchester City owner) who is currently the richest football owner.

According to Express Sports, the new owners from Saudi Arabia are set to sack Steve Bruce and replace him with Ranger's tactician Steven Gerrard. This will be done as soon as the £300m takeover is completed.

Newcastle fans are celebrating the end of the Mike Ashley era at the Premier League club

Content created and supplied by: Immanuel (via Opera News )

Magpies Mike Ashley Newcastle United Public Investment Fund Saudi Arabia

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