La Liga President Javier Tebas has named Newcastle United among the clubs he expects to shake the transfer market this summer. The St. James’ Park outfit could soon have the Public Investment Fund as their majority owners as the Kingdom of Saudi Arabia’s sovereign wealth fund plans to buy 80% of the club in a £300 million bid. Amanda Staveley’s PCP Capital Partners and the Reuben Brothers will own the other 20% equally, but the Premier League is yet to approve the deal. Saudi have been ruled by the World Trade Organization to be behind satellite TV beoutQ – which used to illegally broadcast Premier League games.
Newcastle United fans react as La Liga president Javier Tebas names club among those that will shake transfer market
