Newcastle's Saudi-led takeover means six British-owned teams remain in Premier League
dailystar.co.ukNewcastle United to a Saudi-led consortium on Thursday.The completion of the North East outfit’s takeover by the Public Investment Fund (PIF) means that the number of British-owned Premier League clubs is gradually declining.The Magpies finally saw the £305million deal, put together by the PIF, Amanda Staveley’s PCP Capital Partners and the Reuben brothers, go through on Thursday after 18 months of delays.It brings an end to Ashley’s 14-year stint as Newcastle owner, with the SportsDirect.com billionaire cashing in four years after putting the club up for sale.It points to a trend of clubs being bought out by foreign owners, with oil-rich figures from the Middle East increasingly becoming involved in modern football.Manchester City were the.
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