Newcastle fans in all-night party after £300m Saudi takeover
Thrilled Newcastle fans were singing, dancing and drinking outside St James’ Park after seeing Mike Ashley finally sell the club.
The Magpies have been taken over by mega-rich Saudi Arabia’s Public Investment Fund, who will own 80 per cent of the North East outfit.
The deal brings an end to Ashley’s 14-year spell as owner of Newcastle, much of which has been clouded by opposition from fans.
And the supporters showed how they felt about the takeover immediately after it was confirmed by partying outside the stadium.
The takeover means Newcastle now have the richest owners in world football as they are worth a reported £320billion.
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But while Ashley’s controversial reign is now over, attention will turn to Saudi Arabia’s ‘dire’ human rights record.
Gary Lineker tweeted: “Football fans want their clubs to succeed, but at what price? The dilemma facing NUFC supporters.”
Amnesty International has urged the Premier League to ‘overhaul their standards’ regarding human rights.