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Newcastle United are set to have a new owner – the Saudi Arabia state, with the head of crown prince Mohammed bin Salman.
The announcement is expected soon, in the upcoming hours, as over a £300m deal is being considered for the takeover.
The negotiations lasted for 18 months, and now the deal is finally agreed.
Newcastle are not the only Premier League club to be owned by a billionaire Sheikhs, as Manchester City are here as an example.
The Magpies’ takeover will obviously bring huge investments and many expect the club will soon be able to compete for winning titles.
Currently being in the relegation zone in the Premier League, Newcastle will have to work a lot harder to reach that goal, however, it is not impossible, as Man City takeover has shown us.
On September 1st, 2008, the Abu Dabi Group took over the club and the same day made £32.5m record-signing of Robinho from Real Madrid.
City finished 10th in the Premier League that season, and in the summer they brought in Carlos Tevez from Manchester United and later in 2009 they appointed Roberto Mancini as head coach.
In the summer of 2010 City spent over £120m on transfers, including David Silva, Yaya Toure and Mario Balotelli. And in that very same season – 2010/11- they won their first silverware after takeover – FA Cup, after beating Stoke City.
2011/12 season was legendary for the Cityzens. That year they bought Sergio Aguero for £38m, who scored a 94th-minute winner to hand City the desirable Premier League title.
After trophy-less 2012/13 season, next term City went on to claim the Carabao Cup, as well as the League title once again, this time under Manuel Pellegrini, after scoring 102 goals.
In the summer of 2015 City broke their transfer record by signing Kevin De Bruyne for reported £55m, having already signed Raheem Sterling.
Once again they won the Carabo Cup that year, and reached to the Champions League semi-final for the first time in their history.
Pep Guardiola then came in to replace sacked Pellegrini , with Ilkay Gundogan, Leroy Sane and John Stones joining them in another big-money summer.
2017’s summer was again enormous in terms of spending – £200m, with Kyle Walker, Benjamin Mendy, Ederson, Danilo and Bernardo Silva arriving.
2018 – Carabao Cup again, and the Premier League title with record points, wins and goals. Same titles were won next season.
After failing to defend the Premier League title in 2020, City went on to claim it in 2021, and of course, alongside the Carabao Cup.
That season they also reached the Champions League final for the first time in their history, and they are not done yet.
After securing another record-breaking £100m signing of Jack Grealish, Pep Guardiola’s side will be looking to finally winning the Champions League, which has been their main ambition for years.
Overall, City have won 5 PL titles, 2 FA Cups, 6 Carabao Cups and 3 Community Shield titles since the City Football Group took over the club.
Newcastle’s takeover will definitely give hopes to the fans to see their team rise like Man City did.
Big investments are now vital for any football club, and hopefully new big-money takeover will firstly be able to take Newcastle out of the relegation zone.