• LIVE SCORES
  • TABLE
  • UEFA
  • TRANSFER
Wednesday, May 31, 2023
Soccerbaze
No Result
View All Result
  • TALK
  • NEWS
  • FACTS
  • VIDEOS
  • TALK
  • NEWS
  • FACTS
  • VIDEOS
No Result
View All Result
Soccerbaze
No Result
View All Result

Who owns Newcastle United – Latest update on club takeover

by Soccerbaze
May 23, 2023
in FACTS
0

Newcastle United Football Club is an English Professional football club founded in December 9, 1892 by the amalgamation of Newcastle East End and Newcastle West End.

Since joining the Football League in 1893, Newcastle United has never relegated below the English second tier league and has participated in the English Premier League in all but three seasons.

As of 2021, Newcastle United is owned by a consortium of PIF, PCP Capital Partners and RB Sports & Media.

Who owns Newcastle United

Initially, Newcastle United was set up to be a private company limited by shares until 1997, when John Hall bought 72.9% of the club and put the club on stock exchange as a public limited company.

Related

EPL 2020/2021 season; The facts and forecast.

10 Interesting Facts about Cristiano Ronaldo you don’t know

December 1993, a media group NLT bought a 6.3% share of the club and had considered the full takeover.

But was later dropped after concern about football clubs being owned by a media.

ADVERTISEMENT
Mike Ashley
Mike Ashley

These led to the takeover of Newcastle United in 2007 by a businessman Mike Ashley.

Asley bought a combined 41% shares of the club and later amount to 95% in July 2007 forcing other shareholders to sell off.

READ ALSO: Who owns Chelsea FC – Amazing Facts about the owner

Since the full takeover, Ashley has reportedly put the club up for sale in three different occasions which was in 2008, 2009 and 2017 respectively but a deal could not be completed.

Newcastle new owners – The Saudi Led Takeover

On 7 October 2021, Mike Ashley’s 14-years era as the owner of Newcastle United came to an end.

These was announced after the Saudi-led consortium officially confirmed the complete acquisitions and become the new owners of Newcastle United.

The Saudi Public Investment Fund led by the Crown Prince of Saudi Arabia, 36-year-old Mohammed Bin Salman holds the largest share of the club with 80% stake.

ADVERTISEMENT

Amanda Staveley’s PCP Capital Partners and RB Sports and Media share a 10% stake each.

READ ALSO: Who owns Inter Miami CF – Fun Facts about the owner

A deal reported to be completed on a whooping sum of around £300 million.

While the consortium led new Saudi Arabian owners worth a staggering £320 billion.

Who is Mohammed Bin Salman?

Mohammed bin Salman Al Saud is the Crown prince of Saudi Arabia and son to king Salman.

He is married to Princess Sarah bint Mashhoor and has four children with her.

Muhammad Bin Salman
Mohammed Bin Salman

Bin Salman holds Saudi Arabia second most important position.

ADVERTISEMENT

But practically, the most important and influencial in the kingdom after his father suffered from Alzheimer’s.

He headed the Saudi Arabian Public Investment Fund (PIF), a firm reportedly to have a net worth of around £320B.

Although Bin Salman is said to have a personal wealth of over £2.5B.

The 36-year-old has since taking over as Crown Prince launched an anti-corruption campaign.

He also reform the administration by allowing women to drive and introduce cinemas.

But has been heavily criticized for restrictions on press freedom particularly on the murder of journalist Jamal Khashoggi.

Who is Amanda Staveley?

Amanda Louise Staveley is a British executive business woman born on April 11, 1973.

Amanda Staveley
Amanda Louise Staveley

Staveley is married to a British-Iranian businessman, Mehrdad Ghodoussi with a kid.

The 48-year old is known for her connections with wealthy Middle East investors.

And was also involved in Sheikh Monsour’s high-profile purchase of Manchester City back in 2008.

Amanda Staveley’s firm (PCP Capital Partners) was part of the group led by the Saudi’s Public Investment Fund to takeover Newcastle United as she own a 10% stake of the club alongside Reuben Brothers.

Tags: Amanda StaveleyMike AshleyMuhammad Bin SalmanNewcastle United

RelatedPosts

FACTS

EPL 2020/2021 season; The facts and forecast.

FACTS

10 Interesting Facts about Cristiano Ronaldo you don’t know

FACTS

UCL 2022: Chelsea Break Record in Victory at Santiago Bernabeu

FACTS

DID YOU KNOW? Pele has same amount of Ballon D’Or awards as Messi

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Soccerbaze

© 2023 Soccerbaze - All Rights Reserved.

Navigate Site

  • HOME
  • About US
  • Contact Us
  • Privacy policy
  • Terms

Follow Us

No Result
View All Result
  • TALK
  • NEWS
  • FOOTBALLERS
    • PLAYERS
    • TRANSFER
  • UEFA
  • TABLE
    • EPL Table
  • FACTS
  • VIDEOS

© 2023 Soccerbaze - All Rights Reserved.