Premier League announce Saudi Arabia-backed takeover of Newcastle United | ITV News

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ITV News published this video item, entitled “Premier League announce Saudi Arabia-backed takeover of Newcastle United | ITV News” – below is their description.

Saudi Arabia’s Public Investment Fund (PIF) has become the new majority share stakeholder of Newcastle United in a deal thought to be worth around £300 million.

The state-backed consortium now owns 80% of the club, bringing Mike Ashley’s 14-year ownership to an end.

ITV News YouTube Channel

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