Newcastle set to attain richest club status ahead of Man City, PSG after Saudi takeover
SportsMail reports have indicated that Newcastle football club is expected to become the richest team in world football, after a takeover by the Saudi Arabian Public Investment Fund worth a staggering £320billion.
The club, which is a Premier League side will have the wealthiest owners globally, once the £300m Saudi takeover is signed off.
The takeover is expected to be announced imminently after the Gulf state settled its piracy dispute with Premier League broadcast partner, beIN Sports.
It will bring an end to Mike Ashley’s 14-year ownership of Newcastle FC.
Newcastle will be chaired by Crown Prince Mohammed bin Salman and governed by Yasir Al-Rumayyan.
The new owners will be richer than Manchester City’s owner, Sheikh Mansour, who has been the world’s richest owner at £23.3bn.
Mansour is the deputy prime minister of the United Arab Emirates and comes from the royal family of Abu Dhabi.
But once the Newcastle takeover is announced, the Magpies’ owners will be worth ten times more than Man City.
Paris Saint-Germain are also regarded as one of the world’s richest clubs with owners Qatar Sport Investments with chief Nasser Al-Khelaifi worth £6.5bn.
For a very long time this website has been reaching out to readers continuously with incisive, entertaining, enlightening and helpful information.
Journalism requires funds to be effective and to continue with the free access to this venture, we ask you our esteemed reader to kindly consider supporting this noble endeavor.
By your support to AmbrosyMediaInfo, you are helping to sustain a journalism of relevance and ensuring it remains free and available to everyone.
Your donation is voluntary, please decide how much and how often you want to give.