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Amanda Staveley

Newcastle United shoot to the summit of top 10 richest clubs in the world after takeover

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07.10.2021 - 21:29

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The rubber stamped Newcastle United takeover has seen the English Premier League side soar to the top of football's rich list.

A consortium backed by the Saudi Public Investment Fund (PIF) has completed its takeover of the St James' Park side to bring Mike Ashley 's 14-year reign to an end.

The £300 million deal has been completed 18 months after the consortium, fronted by financier Amanda Staveley, first had an offer for the club accepted.The controversial takeover now means they Magpies shoot to the top of world football's rich list.

That's ahead of the likes of Paris Saint-Germain and Manchester City who have rocketed to the top of the game following big-money buyouts.

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