Newcastle United have been officially converted into the richest club in the world after the Saudi Public Investment Fund (PIF) ended Mike Ashley’s 14-year ownership by purchasing the Premier League club.
PIF will provide the large part of the 305 million pound takeover sum to convert Newcastle into the financially strongest club in England, as the fund’s 320 billion euro fortune is almost 11 times more than Manchester City’s Sheikh Mansour.
As a matter fact, Newcastle now top the charts for RICHEST owners in world football with £305m as the Saudi takeover is done. Their £320BILLION fortune is more than 10 times higher than Man City – and even dwarfs PSG.