Richest clubs in Premier League revealed after Newcastle Utd takeover

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Newcastle United have been taken over by Saudi Arabia’s Public Investment Fund, PIF, meaning the Magpies now have the richest owners in the English Premier League.

Newcastle is now ahead of the likes of Chelsea, Manchester City, Arsenal and Manchester United in terms of the wealthiest club in the Premier League, Mirror reports.

Newcastle supporters celebrated into the night on Thursday after Mike Ashley’s 14-year ownership of the club came to an end as PIF purchased the club for £305million.

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