“The Premier League, Newcastle Football Club and St James Holdings have settled the dispute over the transfer of ownership of the club to the alliance of the “Saudi Public Investment Fund”, “PCB Capital Partners” and “RB Sports and Media,” the association said in a statement.
“After the Premier League completed the testing of owners and managers, the club was sold to the alliance with immediate effect.”
A statement by the Public Investment Fund stated that this alliance had completed the “100 percent acquisition” of Newcastle FC.
Yasser bin Othman Al-Rumayyan, Governor of the Public Investment Fund, said, “On this occasion, we thank the Newcastle fans for their loyalty to this prestigious entity over the years. We look forward to working with them for the benefit of the club.”
In the most prominent reactions, club legend Elaine Shearer tweeted, “Yes!!! We can build hope again.”
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