Track Tickets
The world of football is dominated by money. Most of the time it’s the richest clubs that take all the trophies. So why mentioning Newcastle United you would ask. They are on three points after seven games in the Premier League. Why would they win the Champions League anytime soon? Well the answer to this question is pretty easy. An investment group has taken over 100% of the shares of Newcastle United.
Newcastle United take-over
His Excellency Yasir Al-Rumayyan, Governor of PIF, will serve as Non-Executive Chairman of Newcastle United. Amanda Staveley, chief executive of PCP Capital Partners, will have one seat on the board. Jamie Reuben will also be a director of the Club, representing RB Sports & Media. With this takeover led by the Saudis, Newcastle United is instantly the richest club of England. The Wealth of PIF with more than the wealth of all other Premier League owners combined.
🤝 An investment group led by the Public Investment Fund, and also comprising PCP Capital Partners and RB Sports & Media, has completed the acquisition of 100% of Newcastle United Limited and Newcastle United Football Club Limited from St. James Holdings Limited.
— Newcastle United FC (@NUFC) October 7, 2021
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Big goals for Newcastle United
One thing is for sure, the new owners of Newcastle United don’t want to mess around. They mean business and will do everything they can to make Newcastle United the best team in the world. Several names of players and managers are already circling around the club. Antonio Conte is one of the managers who’s immediately being linked to the job at Newcastle. The Italian manager would have all the funds he needs to build his own team. A job that’s an amazing challenge for a manager. Newcastle United needs to show they mean serious business so they will go after some of the best players in the world. It’s likely that they start with players who are gettable. You can think about players who play for a struggling Barcelona for example. Ousmane Dembele and Philippe Coutinho are two players mentioned a lot these last few days.
