Newcastle new owner

You're referring to the recent news about the ownership change at Newcastle United Football Club!

As of October 7, 2021, Newcastle United has been acquired by a Saudi-led consortium, led by Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund. The deal is reportedly worth around £300 million (approximately $400 million USD).

The consortium, which also includes PCP Capital Partners and RB Sports & Media, has taken control of the club from Mike Ashley, who had been the owner since 2007. The new ownership group has promised to invest heavily in the club, with the aim of returning Newcastle United to its former glory and competing at the highest level in European football.

The takeover has been met with a mixed reaction from fans, with some expressing excitement and optimism about the new ownership, while others have raised concerns about the potential impact on the club's identity and values.

What are your thoughts on the new ownership at Newcastle United?