In 2009, he used his fortune to buy the Seagulls, his boyhood club, overseeing their rise from the third-tier into the Premier League. If you’re interested in the story of Newcastle United’s new ownership we recommend this video by Tifo Football and The Athletic (see below.) Interestingly, it is not the first Premier League club that the Saudi investors have been involved in discussions with. Players with the most Goals in A Premier League Season, Chelsea’s Possible Lineup For Next Season. While he has a penchant for sacking managers, clearly Pozzo has a flair and passion for running Watford, with the Vicarage Road side having improved a great deal under his unorthodox stewardship. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. There had been reports in 2019 that Mohammed bin Salman was considering a £3.8 billion ($4.9bn) takeover of Manchester United. Newcastle United Football Club is an English professional football club based in Newcastle upon Tyne, Tyne and Wear, that plays in the Premier League, the top flight of English football.Founded in 1892 by the merger of Newcastle East End and Newcastle West End.The team plays its home matches at St. James' Park.Per the Taylor Report's requirement that all Premier League clubs … ), the assassination of Washington Post journalist Jamal Khashoggi, Apply to become a Sports Writer at the Sporting Ferret, The Best Football Documentaries of All Time, The Fastest Recorded Tennis Serves of All Time. Newcastle United takeover: Premier League richest owners. Mike Ashley will no doubt be counting his lucky stars after a somewhat dream offer landing into his lap. ), Amanda Staveley (left) Mohammed Bin Salman (right), Occupation: Businessman/Retail Entrepreneur (CEO of Sports Direct/Owner of House of Fraser). However in July 2020, after months of negotiations, the PIF withdrew their bid, saying that it was "no longer commercially viable" for them to proceed. Amanda Staveley has been acting at the deal broker over the acquisition, the businesswoman famously helped broker the 2008 deal that helped Sheikh Mansour purchase Manchester City. Copyright © 2020 Goal.com All rights reserved. PCP Capital Partners is a venture capital company and the Reuben brothers - David and Simon - are primarily in the property investment sector. Newcastle United owner Mike Ashley is in talks to sell the club to Sheikh Khaled bin Zayed Al Nahyan, … NEWCASTLE UNITED'S incoming Saudi supremos will become the Premier League's richest owners once their Toon takeover is completed. The biggest criticism Ashley faced was the 13 year financial drought that Newcastle suffered during his tenure which ultimately led the Tyneside club away from greatness towards a path of mediocrity. Mansour is the deputy prime minister of the United Arab Emirates, and comes from the royal family of Abu Dhabi. Lewis now 83, lives in tax exile in the Bahamas, and is rarely seen at White Hart Lane. No one is buying Newcastle United at present, much to the disappointment of Newcastle fans. ENIC took control of the North Londoners in 2001, making Levy the longest-serving chairman in the Premier League. A long list of transgressions are at the forefront of the fans disapproval of Mike Ashley. How much is the takeover worth? The pair owned Birmingham City in the noughties, before acquiring boyhood club West Ham in 2010. £37m for an untested teenager? When it was confirmed that the deal was off, however, Staveley denied that the dispute was a problem in the takeover. The 72-year-old married Ann Walton, an heiress of the US supermarket Walmart, in 1974 - and nine years later founded a real estate development group. The biggest footballing stage in the World. Goal brings you everything you need to know about who was behind the takeover bid and what caused it to fail. A Saudi Prince with an abundance of criticism held to his name, his reputation being tarnished through many illegal doings. complaints made by Hatiz Cengiz, the fiancee of assassinated journalist Jamal Khashoggi, had also been heard by Premier League bosses. He founded the Lander Group in 1995, initially focusing on the property market before moving into the sports industry. The 'perfect' No.9: Can Everton star Calvert-Lewin shoot down Klopp's Liverpool? Transfer Window: Who was the smartest signing? For further details of our complaints policy and to make a complaint please click here. Mike Ashley | Newcastle United | $2.8bn One of the most controversial owners of a Premier League club in recent years, Mike Ashley is the man whose hands are on the fortunes of Newcastle United. To see all content on The Sun, please use the Site Map. Bin Salman see’s deals such as the one in question no doubt a small price to pay in monetary value, if it means his image restored. The Toon can be certain of eye-watering spending after Ashley's stingy tenure, with the gulf state one of the richest in the world. Malcolm suffered a stroke in 2006, at which point sons Avram and Joel took over day-to-day running of the club, which has continued beyond their father's passing in 2014. Abramovich made his fortune in the 1990s, initially trading in things including timber, food products and even plastic ducks - but his biggest business came in petrochemicals and oil trading. However, it didn't work out. But while the prospect of big-spending may be exciting, some supporters will feel uncomfortable about the country's appalling human rights record. Garlick has turned down a number of approaches for the club, and believes its community ties are central to its success. Once the Newcastle United takeover is complete, the Magpies will be able to boast the Premier League richest owners. By the 15th June Ashley owned 77.06% of Newcastle United and was able to withdraw the club from the stock exchange having surpassed the 75% threshold required to do so. Speaking to talkSPORT, Prince Abdullah from the … They bought Wolves from previous owner Steve Morgan in 2016 for around £45million - quickly transforming them from Championship mediocrity to European competition. The owner of Sheffield United has made a rather big claim on the possibility of a takeover at Newcastle United. Sheikh Mansour bought City in September 2008, immediately transforming them into a global powerhouse. written a letter to the government condemning the idea of broadcast piracy in Saudi Arabia and urging them to block the takeover. You can contact him at jake@sportingferret.com, Project ‘Big Picture’ gives women’s football an empty nod, Transfer Window: The best loan signings from this summer. Avram is a former chairman of the Zapata Corporation, while Joel took a more hands-on approach to the family's NFL franchise. The 53-year-old was able to exploit a changing Russian economy in the 1990s in order to acquire his fortune, gaining a controlling stake in Sibneft in 1995 - one of the country's largest oil companies. Following the deal's completion, the Saudi consortium will own 80 per cent of the club - with Amanda Staveley and the Reuben brothers evenly splitting the remaining 20 per cent. By far the smallest club, budget-wise, in the Premier League, the pair have had to run the club smartly - investing in coach Daniel Farke and his philosophy. While some fans question the ethics of Saudi ownership, others are simply excited at having owners worth more than TEN TIMES Manchester City's Sheikh Mansour. A statement said: "With a deep appreciation for the Newcastle community and the significance of its football club, we have come to the decision to withdraw our interest in acquiring Newcastle United Football Club. Yorkshire native Staveley, who helped broker the purchase of Manchester City by Abu Dhabi's Sheikh Mansour in 2008, has been involved in negotiations regarding the potential purchase of Newcastle for a number of years, having attempted to strike a deal with Ashley in 2017 when he initially put the club up for sale. Demin has played a big part in Bournemouth's miracle rise from the foot of League Two to their fifth consecutive season in the Premier League. As little as one week later Ashley bought an additional 27% stake in the club from Freddy Shepherd. An avid footballer, he spent time under the FAW academy programme as well as Cardiff Corinthians. Like Newcastle's Saudi owners, Mansour's City ownership has been accused of being a blatant attempt at "sportswashing" by many human rights groups. Bloom, 50, made his fortune through gambling - having competed in a number of lucrative poker events. Newcastle United will have to wait for new owners, with a £300 million ($375m) takeover bid to take the Premier League club out of the hands of Mike Ashley running out of steam. They delve deep into the question of ‘who are Newcastle United’s new owners’ which makes for a great watch. In 2013, the Blades were taken over by Prince Abdullah. View our online Press Pack. This in turn shows other countries he is now accepted once again. Newcastle United will have to wait for new owners, with a £300 million ($375m) takeover bid to take the Premier League club out of the hands of Mike Ashley running out of steam. The Gunners are just one of a global network of sports teams owned by American Stan Kroenke, including the LA Rams, Denver Nuggets and Colorado Rapids. She was hopeful of getting the most recent deal over the line and revealed to The Times that she was "heartbroken for the Newcastle fans" after it became clear that the purchase would not be completed. NEWCASTLE UNITED’S incoming Saudi supremos will become the Premier League’s richest owners once their Toon takeover is completed. The Russian, 50, is a petrochemical magnate, having bought the Cherries in 2011. Upon full acquisition of Newcastle United Mohammed Bin Salman will own 80% of the club whilst Staveley’s PCP and Capital Partners will take a 10% stake, with them most likely running the day to day operations of the football club. Let us know! Educated at the town's grammar school, he has masterminded their stay in the Premier League - as the smallest place in the UK to have boasted a top-flight club since 1992. His later investments included Harley-Davidson - before moving into sports with the Tampa Bay Buccaneers in 1995 - and later Manchester United in 2003. Chaired by the controversial Mohammed bin Salman, and governed by Al-Rumayyan - the St James' Park outfit will be run by some of the world's most powerful people. Real & Barca to fight for Fernandes in shock move after just 8 months in England, Henderson denied winner by dodgy VAR call in thriller, Pickford's horror tackle on Van Dijk dodges penalty thanks to VAR offside call, Goldson with the double as Rangers take stranglehold of Old Firm derby, Arsenal fans love Martinelli’s body transformation from ‘lanky to buff’, ©News Group Newspapers Limited in England No. Lesser seen on the telly these days, having hung up her TV cookery set in 2013, Smith focuses primarily on her beloved football club. Potential Newcastle United owners have been advised they would need access to around £500million to make an immediate impact at St James’ Park by brokers trying to negotiate a sale of the club. The Sun website is regulated by the Independent Press Standards Organisation (IPSO). Aiyawatt is the 34-year-old son of the late Vichai Srivaddhanaprabha, who tragically died in a helicopter crash in October 2018, aged 60.