Premier League Approves £300m Newcastle Takeover
1 month ago festus dada 0
The Premier League has approved Newcastle United takeover by Saudi Arabia Consortium.
The Premier League gave the green light to the acquisition of the Premier League club to takeover Newcastle United with a deal worth £300m.
According to Sky News, once the funds and paperwork are sorted, an announcement will be made on or around June 1, 2020.
The Saint James Park Club is expected to be the richest club in premier league once the takeover is done and completed.
Newcastle United fans want the club to be taken over from the current owner Mike Ashley after 13 years in charge which has saw the club relegated to the Championship twice.
Former Tottenham Hotspurs manager and former Liverpool manager Mauricio Porchetino and Rafael Benitez are tip to replace the current club manager Bruce.
Yesterday, the current manager Bruce said he was in dark over the current situation of the club.
In addition to Bruce comment, Newcastle United loanee player Danny Rose said the players were being treated like ‘lab rats’ during the project restart.