Newcastle United could become one of the megarich clubs in England and in Europe if the proposed takeover goes through.
A potential £300million buyout of the club, brokered by Amanda Staveley’s PCP Capital Partners but bankrolled by the Saudi Arabian Public Investment Fund, who will own 80% of the Magpies, is going through the Premier League’s Owners and Directors checks.
With that, the anticipation grows about how Newcastle could fare in the transfer market. According to reports from The Athletic, Newcastle could spend in the region of £150m in the transfer market – and that’s a hell lot of money, considering how the economy has been severely impacted across the world.