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Saudi Newcastle's Owner Leapfrogs PSG's, Manchester City And Chelsea's Owners in Rich List

The news about Newcastle's Saudi takeover has made the football headlines today. Former owner, Ashley parted ways with the English club officially today with the Public Interest Fund among other organizations being the new owners.

Newcastle fans have now been seen expressing their joy following the announcement yesterday's afternoon. The Saudi prince is expected to break banks to ensure full renovations at the club.

Latest reports indicate that Steve Bruce might be relieved of his job as the manager. After the takeover the Magpies have now risen to the top of the richest clubs in the world. They are above premier league champions Manchester City and Ligue 1 top club, Paris Saint Germain who were holding the top position.

Newcastle's owner is now worth 320 billion euros above Paris Saint Germaine's owner who ranks second with 220 billion euros. Manchester City, RB Leipzig, Salzburg, Juventus, Chelsea, LA Galaxy, Arsenal and Intermilan forms the top ten consecutively.

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