Newcastle are edging closer to a takeover that would see them obliterate their Premier League rivals and have the richest owners in the country.
The £300million deal is gathering pace, with the Saudi Arabian Public Investment Fund having already paid current Magpies owner Mike Ashley a deposit.
Yasir Al-Rumayyan, a close associate of Mohammed bin Salman, will become new chairman – with his powerful friend also backing the St James’ Park takeover, as reported in The Sun.
Following the deal’s completion, the Saudi consortium will own 80 per cent of the club – with Amanda Staveley and the Reuben brothers each evenly splitting the remaining 20 per cent.
The report adds that while some fans are ‘conflicted by the morality of Saudi ownership’, others are simply ‘excited at having owners worth more than 10 times Manchester City’s Sheikh Mansour’.
(pic from The Sun, via Marca)
Meanwhile, one of Newcastle’s first signings when the takeover finally goes through could be an Aston Villa star.
Reports claim that the Toon are lining up a £30million bid for John McGinn if the Scottish midfielder suffers relegation at Villa Park this season.
Magpies boss Steve Bruce is a big admirer of the 25-year-old and was Villa manager at the time when giving McGinn his big break in English football by signing him from Hibernian.
That was in the summer of 2018 when the man from Glasgow penned a four-year deal at Villa Park despite persistent interest from SPL champions Celtic.
McGinn has been a revelation at Villa, first helping them secure promotion to the Premier League last season with a series of impressive displays. Read more…