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Financial Group from Saudi will Take over Newcastle within 24 Hours

Financial Group from Saudi will Take over Newcastle within 24 Hours

According to Skysports, financial group from Saudi Arabia will take over Newcastle within 24 hours.

Financial group, Newcastle and premier league are working on the deal to announce acquisition today.
Previously, the Saudi Public Investment Fund (PIF) was interested in purchasing Newcastle. However, the plan was set aside because of illeagal live. Saudi has lifted 4-year ban on beINSports in Qatar, supposed to accelerate rhe acquisition.
The group is set to buy Newcastle in 300 million pounds. After acquisition, PIF will hold 80% shareholdings of the club.
Newcastle fans show optimism to the future of club. They hope development of club similar to Manchester City or PSG.

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