Takeovers that changed Premier League history
22-Apr-2020 16:16:21 | Yahoo Sports
Newcastle United's sale to a Saudi-backed consortium appears to be close to completion -- a deal that could turn the long-time underachievers into a major Premier League power. The potential £300 million ($370 million) takeover will reportedly see Saudi Arabia's Public Investment Fund take a controlling stake in the club in northeast England. When Sheikh Mansour's Abu Dhabi United Group completed their £210 million takeover in September 2008, Mark Hughes was City's manager, Brazilian Jo was their leading striker and Stephen Ireland was being touted as the team's future star.
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