Back to the Newcastle United Newsfeed

Newcastle will be 'one of only five Premier League clubs to spend big this summer if £300m Saudi Arabia takeover is completed'

Newcastle are set to shake up the Premier League if their proposed £300million takeover is completed.

It appears that current owner Mike Ashley is edging forever closer to selling the club to a bid led by Amanda Staveley which is backed by the wealth of the Saudi Public Investment Fund.

According to the Sun, the Magpies would be just one of five top-flight sides able to spend lavishly this summer if that was to happen.

The Magpies are set to be financially secure if a proposed u00a3300m takeover is completed
Amanda Staveley is fronting a consortium that includes the Saudi Public Investment Fund

Amanda Staveley is fronting a consortium that includes the Saudi Public Investment Fund

They would reportedly join Chelsea, Liverpool, Manchester City and Manchester United as the only clubs available to match any big fees that could come with any respective targets.