Back to the Newcastle United Newsfeed

Newcastle United takeover: Joyous scenes as fans celebrate new era

There were scenes of jubilation at St James' Park as Newcastle United fans celebrated a new era under new owners.

Thousands flocked to the stadium on Thursday after a £305m Saudi Arabian-backed takeover was confirmed.

It ends Mike Ashley's 14-year spell as owner in which the club has twice been relegated from the Premier League.

Toon Legend Alan Shearer says it marked a "special day" for the club's long-suffering supporters, although the move has proved controversial.

The Public Investment Fund (PIF), which will provide 80% of funds for the deal, is seen as separate to the state, which has been criticised over its human rights record.