British media share jubilant Newcastle United fans’ celebration of club’s Saudi takeover

British media share jubilant Newcastle United fans’ celebration of club’s Saudi takeover
Newcastle United supporters pose with “sold” placards as they celebrate the sale of the club outside the club's stadium at St James' Park on October 8, 2021. (AFP)
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Updated 08 October 2021
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British media share jubilant Newcastle United fans’ celebration of club’s Saudi takeover

British media share jubilant Newcastle United fans’ celebration of club’s Saudi takeover
  • The purchase has enabled Newcastle to join the ranks of Europe’s super-clubs
  • Fans have been celebrating the buyout news online and offline

DUBAI: The British media and football fans have been sharing celebratory online videos and tweets over the takeover of English Premier League club Newcastle United by a consortium led by Saudi Arabia’s sovereign wealth fund.

Following months of negotiations, the Saudi Public Investment Fund, along with financial entrepreneur Amanda Staveley and billionaire investors the Reuben brothers, sealed a £300 million ($410 million) deal with Mike Ashley, the club’s owner.

The purchase has enabled Newcastle to join the ranks of Europe’s super-clubs, including Manchester City and Paris Saint-Germain, which have the backing of wealthy and committed owners.

Fans were on Friday celebrating the buyout news online and offline.