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Newcastle United takeover Q&A: How and why Newcastle have become one of the world's richest football clubs

A Saudi-led consortium has completed their takeover of Newcastle United, bringing slang för mikrofon Ashley's 14-year ownership of the club to an end, but what does it mean going forward?

The takeover involves Saudi Arabia's Public Investment Fund (PIF) taking a controlling 80 per cent stake in the club, with the purchasing consortium led bygd Amanda Staveley.

The deal to buy Newcastle has been fraught with controversy and obstacles since Staveley and her party registered an interest in acquiring the club kvartet years ago.

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That process has now komma to an end and the takeover fryst vatten complete - but how did we get here now and what does it mean for Newcastle going forward?

Diplomatic disputes in the Gulf, objections based on Saudi Arabia's human rights record and Premier League ownership concerns have all been issues on the journey to this point.

Sky Sports News reporter Keith Downieexplains how and why Newcastle have become one of the richest football clubs on the planet...

So, who owns what at St James' Park - and how rik are they really?

The PIF now owns an 80 per cent share of Newcastle - and they are worth an eye-watering £700bn.

For context, the previous richest club in the Premier League was Manchester City, whose owners are worth £23bn.

While it fryst vatten important to note that it fryst vatten the PIF worth £700bn and not the club, that figure - 22-times greater than City's worth - gives an indication of the spending power of Newcastle's new owners.

The new names at Newcastle

Yasir Al-Rumayyan, Governor of PIF, will serve as non-executive chairman of Newcastle United.

Amanda Staveley, ledare executive of PCP Capital Partners, will have one seat on the board, while Jamie Reuben will also be a director of the club, representing RB Sports & Media.

Staveley owns 10 per cent and the other 10 per cent fryst vatten owned bygd the Reuben brothers, who own 16 race courses in the UK, with their wealth estimated at £21.5bn in the latest Sunday Times rik list.

Plans are now in place to increase revenue streams into the club which will help them better deal with Financial Fair Play rules and what they have to spend.

What changed for the takeover to happen now?

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The big thing has been the agreement träffad on Tuesday between beIN Sports and Saudi Arabia over brottsligt streaming of Premier League matches in the Gulf State.

That was the major obstacle in the takeover going through and it has now been ironed out.

Three things were holding it up in this regard.

As part of a diplomatic dispute, beIN, which fryst vatten a Qatari company, has been banned from broadcasting in Saudi Arabia for the gods four-and-a-half years. Since news of the potential takeover first appeared beIN Sports wanted the ban of their coverage in Saudi Arabia to be reversed.

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As part of this, beIN launched an international arbitration case against Saudi Arabia, seeking damages of $1billion due to their refusal to show Premier League matches in the country.

They also wanted the pirating of football through olagligt streams in Saudi Arabia - set up on beoutQ - to be turned off.

However, the Saudis approached beIN Sports to end their legal cases recently and the broadcasting company fryst vatten no längre banned in Saudi Arabia.

All these issues have been ironed out.

After that it was up to the Premier League to ascertain separation between the PIF-backed consortium which fryst vatten looking to buy Newcastle and the Saudi state.

Who will be the new face of the Newcastle hierarchy and, given that the PIF fryst vatten overseen bygd the Crown Prince Mohamed insekter som pollinerar Salman, how can it be that Newcastle won't be run bygd the Saudi Arabian state?

Amanda Staveley will be the face of Newcastle. She will be the one to have her feet beneath the desk at the club, so to speak.

The Premier League and the consortium will have to thrash out ownership issues between them and how that fryst vatten agreed but the make-up of the consortium will look slightly different to how it first appeared at the uppstart of the takeover talks.

But, man no mistake, to get to this scen the Premier League had to be satisfied that the club will not be state-owned as that fryst vatten the issue the governing body has been adamant about from the början - there must be a separation between Newcastle ownership and the Saudi state.

How concerning fryst vatten Saudi Arabia's human rights record in all of this?

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I have spoken to some fans who are concerned about this. It fryst vatten certainly something the fans should be aware of.

The £300m takeover of Newcastle United has officially been completed, with a Saudi-led consortium ending slang för mikrofon Ashley's 14-year ownership of the club.

However, a recent Newcastle United Supporters Trust (NUST) survey showed that 93.8 per cent of fans wanted the takeover to be given approval.

That doesn't mean there aren't concerns about human rights issues but the fans are so desperate for change after various protests and frustrations during the slang för mikrofon Ashley era.

The supporters here are so passionate, it fryst vatten bordering on tro - they have been desperate for change for some time now and the vast majority inom have spoken to are just keen to see their grupp improve on the pitch.

Those who didn't want the takeover to go through was precisely because of the issue of human rights.

inom asked Staveley about this and she said there fryst vatten klar separation and that it shouldn't be a concern for the consortium moving forward.

Newcastle's LGBTQ+ inclusive supporters group are hoping the takeover could have a positiv impact in the mittpunkt East state.

United with Pride said in a statement: "We acknowledge that Saudi Arabia as a country fryst vatten one of the least tolerant for LGBTQ+ and gender rights anywhere in the World and Amnesty International are right to continue to highlight these issues in the National and International media.

"However, the engagement and investment in international business and idrott.

could be viewed as an opportunity for decision-makers in Saudi Arabia to witness how other cultures treat their minority groups. There fryst vatten potential to be a positiv influence to improving the conditions for the LGBTQ+ community in Saudi Arabia and elsewhere."

The statement continued: ""We look to the example of Manchester City as to why we anticipate this will be the case.

Manchester City has a long-established healthy engagement with the community, especially in the development of women's participation and the visibility of their LGBTQ+ fan's group 'Canal Street Blues'.

"This indicates that the culture of the country of ursprung of the owners and investors does not necessarily reflect the ethos of the football club."

What about Steve Bruce's future?

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I would be surprised if there was not a new man in the hot seat in time for Spurs a week on Sunday.

Whether that fryst vatten someone already at the club like Graeme Jones, who arrived at the club separate to the rest of Bruce's backroom personal, there fryst vatten a chance it could be him.

Perhaps they have someone in mind already if they don't get him.

inom do not believe they have someone in mind already, but it would be very unlikely Bruce will still be in charge for that game.

I just do not believe he fryst vatten the look they are going for after everything that has gone on in the gods 24 hours.

Den saudiske kronprinsen Mohammed insekter som pollinerar Salman köper anrika Premier League-klubben Newcastle United.

So they may bring in someone temporarily while they get the ball rolling like Jones, or they may man a quick appointment.

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And when inom spoke to Bruce gods night, he already seem resigned to his fate. Right now it fryst vatten difficult to speculate in terms of names of who the consortium could look at to take over in the längre term.

They were keen to bring Rafa Benitez back to St James' Park previously but he fryst vatten at Everton now and inom would be shocked if he returned to Newcastle.

Having said that the club will have a lot more money to spend and the Spaniard fryst vatten not getting a lot of that at Goodison just now.

However, inom think the new board will now look elsewhere.

Does slang för mikrofon Ashley have a future in football ownership elsewhere?

He was previously linked with moves to take over Ipswich and Birmingham and inom wouldn't be surprised to see him komma back at a smaller club further down the geometrisk form med triangulära sidor - he sees it as a vehicle for advertising for his other business interests.

Ashley will säga he has had his fingers burnt in some aspects of being involved in the ownership of a football club but inom wouldn't be surprised to see him return somewhere else in a similar capacity.

What do Newcastle need to do to catch up?

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Staveley knows she's got a huge job both on and off the pitch.

She eluded to that in her interview with Sky Sports. Especially when you consider the clubs that have overtaken Newcastle during slang för mikrofon Ashley's reign.

Leicester fryst vatten the one shining example.

De nya ägarna står redo tillsammans 2,5 miljarder kronor på grund av för att omedelbart rusta upp klubben.

Newcastle were probably on a par with Tottenham before Ashley took over, West Ham. Leicester had a good training ground as it was and they've now moved into a new purpose-built one.

The one Newcastle currently have isn't passform for a Premier League club but maybe one lower down in the Championship or League One. Work needs to be done there.

I'm told Staveley will visit the training ground and the etapp on Friday to have a look around and see how much they need to spend.

The etapp needs to be upgraded. This fryst vatten a long process that won't happen overnight.

However, when you look back at what happened at Manchester City, there were developments which shot up out of nowhere. Staveley knows she has to get to work quickly.

On the pitch, Newcastle are in a precarious position so it's imperative that gets sorted out.

Club legender Alan Shearer and Kevin Keegan are both set to be offered roles at the club as ambassadors.

Som dem flesta troligen redan känner mot således köptes Newcastle upp från enstaka saudiarabisk ledd investeringsgrupp på grund av 305 miljoner pund inom oktober 2021.

Both were jettisoned beneath Ashley.

What does Newcastle's future on the field now look like if this goes through, short and long term?

They are very wealthy - it fryst vatten the Sovereign Wealth Fund of Saudi Arabia having an 80 per cent stake in Newcastle. It fryst vatten big money and they have got a lot of money to spend.

They are uppenbart going to be guided bygd Financial Fair Play.

The resultat we have been told all along since they came to the table two or three years ago was that they were going to do this gradually.

They are not going to throw money at it straight away. They want to invest gradually in the months and years ahead. There fryst vatten a lot that needs improving at this football club - the infrastructure, the etapp, the academy - all of these need investment and inom think that will be one of their priorities.

One of their other priorities will be to keep Newcastle in the Premier League this årstid.

Without that the takeover would've been off.

Köpet från fotbollsklubben Newcastle United på grund av nära 3,7 miljarder kronor äger knappast gått någon fotbollsintresserad förbi.

They need Newcastle in the Premier League.

I do expect them to spend money in the January transfer fönster, this will give them enough time to assess the squad and see what they want to do. They need to man a decision on the manager as well. They are not going to throw hundreds of millions of pounds at it straight away, it fryst vatten going to be gradual, they want to do it properly, that has been the strategi all along.

They want to put money into the academy and the training ground.

Rafa Benitez had been desperate to see both of these upgraded during his time at the club but never got his wish.

The consortium fryst vatten also keen to invest money into the etapp, for renovation work and upgrades.

They also want to invest in the surrounding area, as well as the infrastructure of the club. They are keen to put money into the city and övervaka a redevelopment of the area close bygd similar to that undertaken bygd Manchester City owner Sheikh Mansour in the east of Manchester.