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Mike Ashley Amanda Staveley Mohammed Bin Salman Yasir Al-Rumayyan Simon Reuben David Reuben city Newcastle Saudi Arabia parish St. James Department Celebrity BLOCK Mike Ashley Amanda Staveley Mohammed Bin Salman Yasir Al-Rumayyan Simon Reuben David Reuben city Newcastle Saudi Arabia parish St. James

Newcastle fans flock to St. James' Park with flares as Saudi takeover completed

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Newcastle fans have flocked to St James' Park in their hundreds to celebrate the announcement of their £300million Saudi Arabian takeover.The Magpies confirmed on Thursday evening that the Premier League have agreed for Mike Ashley to sell his shares to a consortium led by Saudi Crown Prince Mohammed Bin Salman.Bin Salman's Saudi Arabian Public Investment Fund have taken an 80 per cent stake in the club, while businesswoman Amanda Staveley and property tycoons David and Simon Reuben have secured 10 per cent each.Yasir Al-Rumayyan, the current governor of the PIF, is expected to become the new chairman at St James' Park.Newcastle will now have the richest owners in the Premier League, with the PIF's collective net worth of £320billion.

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