Newcastle United football fans celebrated the acquisition deal transferring ownership of the team from British retail magnate Mike Ashley to an investment group led by the Saudi Arabian Public Investment Fund (PIF) on Thursday, October 7. Ashley, who had been at the team’s helm for 14 years, fell out of favor amongst fans who felt he did not invest enough into the team. He was blamed for years of mediocre play, and some Newcastle fans felt that he did “not connect with the city,” reports said. Video taken by Instagram user @bethnufc shows fans outside the Newcastle upon Tyne arena singing “get out of our club” and celebrating the finalized deal, which transferred 100 percent of Newcastle United Limited and Newcastle United Football Club Limited from St James Holdings Limited, the team said. The investment group, led by the PIF, also comprised PCP Capital Partners and RB Sports and Media. Credit: @bethnufc via Storyful
from Breaking National News and Australian News | Daily Telegraph https://ift.tt/3068EG1
Thursday, October 7, 2021
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