Saudi Arabia’s Public Investment Fund (PIF) will own 80% of Newcastle, Amanda Staveley and her husband Mehrdad Ghodoussi will have a 10% share in the club, and the Reuben brothers – Simon and David – will have a 10% stake as well.
The potential owners have already agreed to purchase Newcastle United from Mike Ashley for a deal in the region of £300 million. It has been claimed that the fee has been paid already and that everyone is waiting for official confirmation from the Premier League.
After a torrid 13-year spell under Mike Ashley, Newcastle United fans are desperate to see a change, even if there are strong cases of objection from outside.