Newcastle United is the latest team that is set to experience transformation as a result of their new change of ownership. Photo source: The Mirror The previous owner was Mike Ashley and many Magpies fans didn't like his era. Nevertheless, their worries have been over as the club is now owned by a consortium that comprised Amanda Staveley’s PCP Partners, the Reuben Brothers, and the Saudi Arabian Public Investment Fund.
Man City's Sheik Mansour tops the rundown at £23.3bn. Roman Abramovich is only one spot underneath him, despite the fact that his value is not exactly 50% of the leader's. Newcastle proprietor Mike Ashley is positioned twelfth yet the Magpies are set to top the rundown after Saudi Arabian Public Investment Fund takeover. Russian very rich person Roman Abramovich is still among the most extravagant Premier League clubs' proprietors, as indicated by the rankings dependent on the Times' 2020 Rich List a
After the Saudi Arabian Public Investment Fund acquired legendary English club Newcastle yesterday, they've become the world's richest football owners. Photo credit: GOL Ball In this article, we'll be looking at the top 10 richest football owners in world football currently. Check it out below:
Newcastle United on Thursday announced the takeover of the club by the Saudi Arabia consortium after 14 years of Mike Ashley's era of being the club owner. The takeover was said to have been made by the PCP Partners, the Reuben Brothers and the Saudi Arabian Public Investment Fund for around £305million.
Newcastle United football club is officially under new ownership today. This comes as the outcome of a £300million deal being secured, involving a Saudi Arabian league led by the Saudi Arabian Public Investment Fund. Mike Ashley's 14-year reign as the possessor of the club comes to demise with this takeover.
The Saudi Arabian Public Investment Fund has purchased Newcastle United for a whopping £320 billion. Despite Mike Ashley's approval of a £300 billion sale of the club last summer, the Premier League rejected the proposal. The Premier League approved to the transaction when it was determined that Saudi Arabia would not have ownership of the team.