Newcastle United F.C. fans gathered in the hundreds at St. James’ Park to celebrate the club’s new lease on life after being taken over by a Saudi-led consortium, making them the wealthiest club owners in world football.
The takeover, led by Crown Prince Mohammed bin Salman, came immediately after the Gulf State sorted its piracy dispute with premier League broadcast beIN Sports and will bring Mike Ashley’s ownership of the Magpies to a close. The Sports Direct billionaire spent 14 years heading the Premier League side.
Fans gathered at St. James’ Park with Newcastle United F.C. & Saudi flags alike after the club became worth ten times more than Manchester City, previously having the world’s richest football club owner Sheikh Mansour with £23.3bn.
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