We Have a Lot of Questions About Newcastle's New Owners
On Thursday, a consortium led by the sovereign wealth fund of Saudi Arabia bought the 19th-place team in the Premier League, making them arguably the wealthiest sports team on the planet. Uh, what?
On Thursday, the Premier League announced the sale of Newcastle United with the following statement:
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 & …