Newcastle United’s net spend is higher than any other Premier League club’s since they were taken over last year.
After 14 years of discontent in the Magpies fanbase under the ownership of controversial Sports Direct retail magnate Mike Ashley, Newcastle became the richest club in the world in October 2021.
The consortium, headed by Saudi Arabia’s Public Investment Fund, RB Sports & Media and PCP Capital Partners, has drawn criticism in many quarters, with accusations that Newcastle are being used as a ‘sportswashing’ project, as with clubs like Chelsea, Manchester City and PSG before them.
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