Newcastle United - The Premier League's Latest News

Sovereign wealth fund of south arabia had to prove it wasn't an arm of the southestate. The premier league delayed approving the deal for 18 months. Most likely reason was that they were illegally broadcasting Premier League matches as part of an economic war against its neighbour katar, who owned the rights. In october 20 21, after an 18 month wait, the p i f funded takeover of newcastle united was suddenly approved. Mike ashley has sold a club to a soudy arabian backed consortium,. making the magpies potentially one of the richest teams.