Saudi Billionaires took possession of Newcastle United
Newcastle United has been taken over after several years of ownership by Mike Ashley as club owner, there is any beginning in the team and good thing seems to be happening with the club right now. The ownership is now Saudi Arabian Billionaire and it is Public Investment Fund, PCP Capital Partners and RB Sports & Media that together have taken over all the shares in the club. The main man behind the new ownership is nothing less than the Prince of Saudi Arabia, Mohammed bin Salman.
Newcastle will now be able to strengthen their club as the new owner is ready to inject a lot of funds in the club. There will be a chance for Newcastle to sign a big player who could take them to the next level. I believed with the plan of the new owner they will be ready to compete with other big team and also will be looking forward to make the top 8 in the English Premier league.
In the 7th Matches played so far Newcastle United has recorded 3 points only and they are also sitting on 19th position. Their next competitive game will be against Tottenham Hotspur after the International break next weekend.