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Saudi consortium complete Newcastle United takeover

:Headline: Saudi consortium complete Newcastle United takeover:
Saudi-led consortium complete the takeover of Newcastle United, ending Mike Ashley's spell as Magpies owner.
Sports Mole

Newcastle United have confirmed that a Saudi-led consortium has completed a takeover of the club.

After an initial plan was blocked 18 months ago, a group rebuilt a plan to take control of the Magpies, with the Premier League blocking a move after the Saudi state appeared to be gaining a majority stake in the St. James' Park club.

However, after the Public Investment Fund said to be providing 80% of the required £300m has been declared separate from the state, the plan has been reignited.

Following piracy disputes regarding broadcaster beIN Sports, the consortium, fronted by financier Amanda Staveley, have finally been able to complete their move, as confirmed by the club website on Thursday.

Such a move sees Mike Ashley's 14-year spell as Magpies owner come to an end, with the group taking full control of the Premier League outfit.

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Premier League Table
TeamPWDLFAGDPTS
1Liverpool119112161528
2Manchester CityMan City127232217523
3Chelsea126422314922
4Arsenal126422112922
5Brighton & Hove AlbionBrighton126422116522
6Tottenham HotspurSpurs1261527131419
7Nottingham ForestNott'm Forest125431513219
8Aston Villa125431919019
9Newcastle UnitedNewcastle115331311218
10Fulham125341717018
11Brentford125252222017
12Manchester UnitedMan Utd114341212015
13Bournemouth124351617-115
14West Ham UnitedWest Ham113351319-612
15Everton122551017-711
16Leicester CityLeicester122461523-810
17Wolverhampton WanderersWolves122372028-89
18Crystal Palace121561017-78
19Ipswich TownIpswich111551222-108
20Southampton11119721-144
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