Newcastle United are aiming for the top of the Premier League.
Following the drawn out takeover, the club’s new hierarchy have outlined their ambition to see the team competing for honours.
The multi million pound purchase signals the end of retail tycoon Mike Ashley’s turbulent 14-year reign at the helm of the St James’ Park club.
Here’s all you need to know about the new Newcastle United owners’ net worth and how it compares to other clubs in the Premier League, and across the world...
How much did the Newcastle United takeover cost?
It is reported that the new owners paid £305 million to buy Newcastle United from Mike Ashley.
In comparison, Sheikh Mansour paid around £160 million for a mid-table Manchester City in 2008 before turning their fortunes around.
Who are the new Newcastle United owners?
Saudi backed Public Investment Fund now owns 80 percent of Newcastle United, Amanda Staveley owns 10 percent and the Reuben brothers own 10 percent.
New Newcastle director Ms Staveley said: "Newcastle United deserves to be top of the Premier League. We want to get there. It will take time, but we will get there."
Ambition, though, comes at a high price.
What is the net worth of Newcastle United owners?
Newcastle United’s majority shareholder Public Investment Fund has a reported collective wealth of £320 billion.
This alone dwarfs the riches of the rest of the Premier League owners - the closest being Manchester City’s Sheikh Mansour with a £23.3 billion fortune.
Chelsea owner Roman Abramovich has a £9.6 billion wealth.
Who is the richest football club owner in the world?
The takeover of Newcastle United by Public Investment Fund, Amanda Staveley and the Reuben brothers has boosted the Magpies’ coffers.
Newcastle’s new owners are the richest football club owners in the world, according to Goal.com.
- Public Investment Fund - Newcastle United - £320bn
- Sheikh Mansour - Man City. New York City and Melbourne City - £23.3bn
- Dietrich Mateschitz - RB Leipzig, New York Red Bulls and Red Bull Salzburg - £14.22bn
- Andrea Agnelli - Juventus - £9.90bn
- Dietmar Hopp - Hoffenheim - £9.53bn
- Roman Abramovich - Chelsea - £9.6bn
- Philip Anschutz - LA Galaxy - £7.33bn
- Stan Kroenke - Arsenal and Colorado Rapids - £6.38bn
- Nasser Al-Khelaifi - Paris Saint-Germain - £5.87bn
- Zhang Jindong - Inter - £5.57bn
What does the Newcastle United takeover mean for fans?
Liam Kennedy, Newcastle United writer for National World sister title NewcastleWorld, says the takeover is a “monumental moment” for supporters of the football club.
He said: “This is a monumental moment in time for Newcastle United fans.
“They’ve collectively lived through the near 15 years of Mike Ashley, a loveless, hopeless marriage of convenience, punctuated with neglectful moments, tarnished by decay.
“Now, with new owners, there is hope. And this all Newcastle fans have yearned for.
“You will catch the ‘smart’ pundits trying to say they expect too much, or will want Pep Guardiola as manager etc, but this isn’t about that.
“This is about reclaimed back a bit of what is theirs. Being allowed to feel again. Not allowing another generation to be lost to the malaise. This is about trying to be better than what they are now, doing more than just existing as a spare part in the Premier League machine.”
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