Newcastle United (The Magpies) has been officially acquired by the Public Investment Fund (PIF), a consortium from Saudi Arabia.
PIF belongs to the prince of Saudi Arabia, namely Mohammed bin Salman. PIF has completed the takeover of Newcastle United from Mike Ashley after spending up to £300 million to acquire around 80 per cent of Newcastle.
The acquisition made Newcastle United a club sultan. Prince Muhammad Bin Salman even has a wealth that is far more fantastic than the owner of Manchester City, namely Sheikh Mansour.
According to ESPN, Muhammad Bin Salman's Public Investment Fund (PIF) has a net worth of £320 billion or IDR 6,188 trillion. The wealth of Sheikh Mansour is worth 23 billion pounds or equivalent to Rp444 trillion. This means that the wealth of the owner of Newcastle is 13 times more than that of the owner of Manchester City. Wow, that's amazing
Newcastle also became a football club with the richest owner in England and even the richest in the world. This makes his fans very happy. Let's not think Newcastle will become a club that the world fears or even drop even more