It has been reported that an investment in the upcoming February transfer of English Premier League club Newcastle United is being considered just one day after the club was acquired for £300 million. Beginning in April 2020, a consortium consisting of PCP Capital Partners, Reuben Brothers, and the Public Investment Fund of Saudi Arabia began the process of acquiring the company, which was successfully completed in October of that year.
The take-over of Premier League club Newcastle United is dominating major headlines in football at the moment. The amount of money the Saudi Arabia Public Investment Fund, Reuben Brothers and PCP Capital Partners are worth has sent shockwaves to dominantly rich clubs at home and abroad. With being the richest club owners around, the new Newcastle United owners will be expected to invest heavily in the club.
Newcastle United is now one of the richest clubs in the world after the Premier League confirmed that former owner Mike Ashley has sold the club for a fee of around £305 million to a Saudi Arabian-backed consortium of PIF, PCP Capital Partners, and RB Sports & Media.
Who Is Amanda Staveley? The Woman Behind The Takeover Of Newcastle Years After Helping In Man City's
When Sheik Mansour bin Zayed Al Nahyan decided to takeover Manchester City in 2008, Amanda Staveley acted as a fixer for the billionaire member of the Royal family, helping him acquire the club that has now become a powerhouse of English and European football. She went home with about £10m from that deal and was regarded as the "new Queen of British football."
According to the Guardian, Premier League clubs have protested to the league over Newcastle United's acquisition by a Saudi Arabia-led consortium, and an emergency meeting has been called for next week. According to the Premier League, Newcastle United was sold to a group comprised of Saudi Arabia's Public Investment Fund, PCP Capital Partners, and RB Sports & Media.
Newcastle United has a new owner, with a £300 million ($408 million) agreement orchestrated by a Saudi Arabian group wrapping off Mike Ashley's 14-year reign at St James' Park. Change on Tyneside had been discussed for some time, with numerous plans floated over the years as a frustrated fan base yearned for new investment.
Newcastle fans may be used to false and downs when it comes to when it comes to potential new owners replacing Mike Ashley But at this time Newcastle fans should have smile on their faces as thing are getting more interesting at the club. PCP Capital Partners set for Newcastle takeover - A group of investors backed by Saudi Arabia's sovereign wealth fund are moving closer to ending Mike Ashley's 13-year reign as the club owner ,even the most-sceptical supporters are starting to believe in a new future. Acco
The £300m takeover of Newcastle United has officially been completed, with a Saudi-led consortium ending Mike Ashley's 14-year ownership of the club. Sky Sports News' Keith Downie reports. Amanda Staveley, chief executive officer of PCP Capital Partners, said: "This is a long-term investment.
Newcastle United is now under new ownership after Mike Ashley's takeover of the club was approved. Newcastle United's new owners have addressed the fans following their purchase of the club from Mike Ashley. The club has been sold to a Middle Eastern consortium, and a new chairman has been appointed.
A Saudi-backed consortium has unexpectedly withdrawn its bid to take over the ownership of English club Newcastle United. Earlier reports suggested the group combining PIF, PCP Capital Partners, and Reuben Brothers were in constant talks with the EPL committee to finalize the deal to buy the club. The estimated cost of the club ownership was worth £300m. Since April, the deal was on the table but the final decision never came out. Apparently PIF lost their interest due to the EPL committee’s tardiness