Newcastle Fans Are Partying At St. James’ Park After Confirmation Of $415M Takeover
LONDON - A Saudi-Arabian backed consortium completed its purchase of Premier League club Newcastle United on Thursday as a long-running takeover saga finally reached the conclusion the majority of the club's supporters desired.
Fourteen months after Saudi Arabia's Public Investment Fund (PIF) withdrew a $415.07 million bid to buy the north-east club from owner Mike Ashley following the Premier League's failure to give regulatory approval, a deal was announced after a day of mounting excitement on Tyneside.