Newcastle,currently languishing at second spot from the bottom of the EPL table – suddenly have much to be cheerful about.
Newcastle United have been taken over by Saudi Arabia’s Public Investment Fund (PIF) for an eyewatering £305m agreement that sees them becoming the wealthiest owners in world football.
Here is how Newcastle rank in comparison to some of the other richest owners in world football:
1. Saudi Arabia Public Investment Fund – Newcastle United: £320bn

2. Qatar Investment Authority – Paris Saint-Germain: £220bn

3. Sheikh Mansour – Manchester City: £21bn

4. Dietrich Mateschitz – RB Leipzig and RB Salzburg: £15.7bn

5. Andrea Agnelli – Juventus: £14bn

6. Roman Abramovich – Chelsea: £10.5bn

7. Philip Anschutz – LA Galaxy: £8.1bn

8. Stan Kroenke – Arsenal: £6.8bn

9. Zhang Jindong – Inter Milan: £6.2bn

10. Guo Guangchang – Wolves: £5.2bn
Hence all the cheering mobs at St James’ Park.Even the statue of Alan Shearer is looking a lot happier than it has been looking in the recent past.