Premier League approves Saudi-led takeover of Newcastle United

Premier League approves Saudi-led takeover of Newcastle United
1 min read
The Premier League announced on Thursday the Newcastle United football club was sold to a Saudi-led consortium
The Premier League confirmed the deal on Thursday [Getty]

The Saudi-led takeover of Newcastle United has been approved, the Premier League announced on Thursday.

"The Premier League, Newcastle United Football Club and St James Holdings Limited have today settled the dispute over the takeover of the club by the consortium of PIF, PCP Capital Partners and RB Sports & Media," the Premier League said in statement.

"Following the completion of the Premier League's owners' and directors' Test, the club has been sold to the consortium with immediate effect."