Newcastle United 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.
Newcastle is now ahead of the likes of Chelsea, Manchester City, Arsenal and Manchester United in terms of the wealthiest club in the Premier League, Mirror reports.
Newcastle supporters celebrated into the night on Thursday after Mike Ashley’s 14-year ownership of the club came to an end as PIF purchased the club for £305million.
Saudi Arabia’s Public Investment Fund (PIF) has purchased an 80 per cent share in the Magpies, with the Reuben Brothers and Amanda Staveley each owning 10 per cent.
Below are the top five richest clubs in Premier League currently;
1. Newcastle – Saudi Public Investment Fund (£320bn)
2. Manchester City – Sheikh Mansour (£22.9bn)
3. Chelsea – Roman Abramovich (£9.6bn)
4. Arsenal – Stan Kroenke (£6.35bn)
5. Aston Villa – Nassef Sawiris (£5.3bn).
See top ten in the picture below….
News Update Senegal has won the African Cup of Nations hosted by Morocco after defeating…
Popular Afrobeat star, Afeez Adeshina, better known as Destiny Boy, is dead. Destiny Boy died…
THE Osun State chapter of the All Progressives Congress (APC) has cautioned the Eesa of…
News Update Diplomatic relations between the United States and several European countries have come under…
News Update THE Adamawa Progressive Elders Council has formally announced its endorsement of His Excellency,…
News Update THE Super Eagles of Nigeria have won the African Cup of Nations (AFCON)…