Newcastle United could soon have new owners after chairman Mike Ashley agreed to sell the club to Saudi Arabia’s Public Investment Fund, PCP Capital Partners and the Reuben Brothers for £300 million.
PIF will own 80% of the St. James’ Park outfit post-takeover, with 10% belonging to Amanda Staveley’s PCP and the remaining 10% going to Simon Reuben and David Reuben.
The Reuben brothers have decided to fund a new Oxford college with an £80 million donation through their foundation – Reuben Foundation – and the news has caught the attention of Newcastle fans.