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Man City transfers Newcastle could complete as takeover sealed

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manchestereveningnews.co.uk

Manchester City will soon have Newcastle United breathing down their necks after a takeover at St James' Park was completed on Thursday.

The Magpies are now backed by the Saudi Arabia Public Investment Fund which is believed to be worth around £320 billion. That instantly puts them among the elite in terms of financial capabilities, meaning a transformation is heading to Tyneside.

Amanda Staveley, who has headed up the deal on behalf of PCP Capital Partners, has said that PIF want to invest in the club.

Staveley, however, has said that there will not be a knee-jerk trolley dash for new players but Newcastle's new owners will be keen to make a statement when the transfer window opens in January.

Read more on manchestereveningnews.co.uk
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