Daily Mail brings a good news for Newcastle fans. Accordingly, the Crown Prince of Saudi Arabia - Mohammed bin Salman officially activate the process of acquiring Newcastle with a £ 300 price. And on the Northeast team was very close to change your life.

Saudi Crown Prince officially buy Newcastle, Premiership welcome new empire
Prince Mohammed bin Salman coming Premiership (Image Source: Internet)

Prince Mohammed bin Salman coming to Premier League

The source confirmed that the purchasing process has been very close the likelihood of success, after the billionaire oil from the Middle East deposit part of the purchase agreement worth 300 million pounds. This money has been changing hands - and entirely in cash. Current owners of Newcastle - Mike Ashley also confirmed that the process of transfer is being undertaken to speed quickly.

Prince Mohammed bin Salman authorize a fund of assets in the total assets of its giant called the Saudi Arabia Investment Fund (PIF), stood out to pay for the deal above. Mr. Yasir Al-Rumayyan - who are standing up and operating funds as well as direct payments amount 300 million pounds, will be the new chairman of Newcastle.

The necessary paperwork has been signed between the parties. What the Newcastle fans now wait just a billionaire Middle East repay part of the money remaining, and the Premier League is the organizing committee through the papers to officially become the new owner of English clubs. This process can take about 3 to 4 weeks to complete the entire transaction.

Representatives of the Crown Prince Salman bin Mohammed will hold 80% stake. 20% of the remaining shares divided by the financier Amanda Staveley - who pimping this deal, along with 10% for the British duo David entrepreneurs - Simon Reuben. Amanda Staveley is also negotiating with the Newcastle board should after completing the purchase process, she also sits on the executive board of the club.

Saudi Crown Prince officially buy Newcastle, Premiership welcome new empire
Newcastle fans awaiting life-changing team (Image Source: Internet)

Newcastle fans awaiting life-changing team

Previously, billionaire Mohammed bin Salman ever aspiring to buy Manchester United for £ 4 billion but failed. Princely power Middle Eastern origin also intend to buy other clubs in England, but so far have chosen Newcastle with a very good deal considering the value of its assets terrible. Meanwhile, the current owner Mike Ashley he will end "dynasty" of his 13-year reign at the team nicknamed "Injecting Choe".