Who Owns Newcastle United?
Newcastle United, one of the most iconic football clubs in England, has undergone significant ownership changes over the years. The club, known for its passionate fan base and historic St James’ Park stadium, recently experienced a landmark shift in ownership that has drawn attention from fans and investors worldwide.
As of October 2021, Newcastle United is owned by a consortium led by the Saudi Arabian Public Investment Fund (PIF). This consortium, which completed the acquisition of the club from former owner Mike Ashley, includes the Reuben Brothers and PCP Capital Partners, managed by Amanda Staveley. The deal, reportedly worth around £305 million, has been a significant talking point in the football community.
The Saudi Arabian Public Investment Fund, chaired by Crown Prince Mohammed bin Salman, holds an 80% stake in Newcastle United. The remaining 20% is divided equally between the Reuben Brothers, British businessmen David and Simon Reuben, and PCP Capital Partners.
The takeover has been met with mixed reactions. Supporters are hopeful that the new ownership will bring substantial investment and restore the club to its former glory, aiming for success in domestic and European competitions. However, the acquisition has also faced criticism and scrutiny due to concerns over human rights issues in Saudi Arabia.
For more detailed insights and to explore the ownership of other prominent entities, visit Who Owns. This resource provides comprehensive information on the ownership of various companies, sports teams, and other significant assets across the UK.
In conclusion, the new era of Newcastle United under the Saudi-led consortium promises a transformative journey for the club, with ambitions to elevate its status in the football world. The future will reveal the full impact of this high-profile ownership change on Newcastle United and its loyal supporters.
Leave a Reply