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What Newcastle takeover will mean for Manchester United and the Glazers

Mike Ashley Manchester Saudi Arabia Entertainment Department and

07.10.2021 - 17:39

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Manchester United are braced to have another new incredibly powerful competitor fighting for the Premier League title. It was announced on Wednesday afternoon that Newcastle were on the brink of a takeover by a Saudi Arabian-financed consortium for £300m; the deal is set to potentially make Newcastle one of Europe’s richest and most powerful clubs, and the paperwork has moved fast.

Premier League lawyers were understood to be frantically working on approving the takeover on Wednesday night and it's now understood that an official announcement is imminent — the takeover is said to be done after Saudi piracy issues were quashed.

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