Football
Newcastle to become richest club in the world after Saudi takeover
Newcastle will be, by some way, the richest team in world football, after a takeover by the Saudi Arabian Public Investment Fund worth a staggering £320billion, according to SportsMail.
The 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 the Magpies.
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.
-
Latest1 week agoIsrael marks 3 years since October 7 Hamas attack amid Gaza strikes, election debate
-
Energy7 days agoFuel Battle: Dangote, marketers and government clash over petrol imports
-
Latest2 days agoFull List: Meet the 2026 Nobel Prize winners across six categories
-
Football1 week agoNigeria’s World Cup exit under spotlight as FIFA’s DR Congo files emerge
-
Latest1 week agoUS Court set to rule on release of FBI, DEA records on Tinubu
-
Business1 week agoNigerian investors at a crossroads as fixed-income yields slide
-
Featured6 days ago103 Million Voters: What does INEC’s new register say about Nigeria’s population?
-
Latest1 week agoOyo APC crisis deepens as Oluyole reconciliation meeting ends in brawl