Newcastle confirmed on Thursday that they’d been taken over a by group led by Public Investment Fund (PIF), featuring PCP Capital Partners and RB Sports & Media (the “Investment Group”), ending Mike Ashley’s 14-year stint at the club.
PIF Governor Yasir Al-Rumayyan will be Non-Executive Chairman, PCP Capital Partners’ chief executive Amanda Staveley will have one seat on the board while RB Sports & Media’s Jamie Reuben will also be a director.
The news of the Magpies’ takeover has been met positively by supporters on social media after years of disappointment, and now talk is on the future of Steve Bruce and potential transfer targets ahead of the winter transfer window opening in January.
Newcastle are currently 19th in the Premier League and had little to shout about this season, but significant investment from their new owners could see them turn things around. Fans are certainly more optimistic about the future now after suffering two relegations and a lot of bottom-half finishes in the top-light under Ashley.
Now the aim is to challenge at the top of the Premier League table.