Mohammed bin Salman has already bought a fake board worth more than Newcastle United

The Newcastle United owner’s wealth knows no bounds as the Magpies join Manchester City and Paris-Saint Germain as clubs owned by Middle Eastern royalty.

Saudi Public Investment Fund governor Yasir Al-Rumayyan is leading the club’s new owner after the takeover on Thursday.

However, it was the massive financial backing from Saudi Arabia’s Crown Prince Mohammed bin Salman that instantly made Newcastle one of the richest clubs in the world.

Responding to Mike Ashley’s asking price of £ 305million to buy the club will be like pocket change for a group with an estimated net worth of £ 320 billion.

The extent of their wealth is illustrated by the fact that the Crown Prince, known as MBS, spent $ 450 million on Leonardo da Vinci’s painting Salvator Mundi (Savior of the World) in 2019.

The artwork, nicknamed the “Male Mona Lisa”, became the most expensive painting of all time as a result of this sale and is more expensive than the football club it is about. to buy, although the painting ends up being a fake, according to Forbes.

This kind of wealth will naturally excite Magpies supporters who were accustomed to recruiting players at a discount during Ashley’s reign.

However, the new owners will not be able to immediately start the large spending for the players due to the rules of profitability and sustainability of the Premier League.

These are the regulations that have kept the owner of Everton from spending as much as he wanted over the past year.

Newcastle will still be allowed to invest in new players but the rules in place mean they cannot spend hundreds of millions of pounds in a single transfer window.

This may mean that a large chunk of the short-term funding will be invested in club and city infrastructure, which will be welcomed by fans in the North East.

During Ashley’s ownership, improvements to Premier League rivals ‘stadiums and training grounds have seen St James’ Park and Darsley Park fall behind the necessary standard expected in the top flight.

For many fans, improvements to both facilities would be the perfect place for the new owners to begin rebuilding the club.

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About Catharine C. Bean

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