Thrilled Newcastle fans were singing, dancing and drinking outside St James’s Park after seeing Mike Ashley finally selling the club.
Magpie has been acquired by Saudi Arabia’s wealthy public investment fund, which will hold 80 percent of the north-eastern organization.
The deal marks the end of Ashley’s 14-year tenure as Newcastle owner, much of which has been clouded by protests from fans.
And supporters showed how they felt soon after it was confirmed by partying outside the stadium.
The acquisition means Newcastle now have the richest owners in world football as they are worth £320bn.
But while Ashley’s controversial regime is now over, attention will turn to Saudi Arabia’s “serious” human rights record.
Gary Lineker tweeted: “Football fans want their clubs to be successful, but at what cost? The dilemma facing NUFC supporters.”
Amnesty International today urged the Premier League to “change their standards” regarding human rights.
But Amanda Stavli, who has spearheaded the Saudi takeover and owns 10 percent of the club, is upbeat about what the future holds.
He said: “This is a long-term investment. We are excited about the future prospects for Newcastle United.
“We intend to establish a united philosophy across the club, establish a clear objective, and help provide leadership that will allow Newcastle United to go on to great achievements over the long term.
“Our ambition is to engage with the fans – to create a consistently successful team that regularly competes for major trophies and generates pride around the world.”
And club legend Alan Shearer simply tweeted: “Yesssssssss. We can dare to hope again.”
Speculation immediately arose about manager Steve Bruce, a man who is increasingly unpopular among the club’s larger section of fans.
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Newcastle are 19th in the Premier League table without a win so far this season.
And some of the post-acquisition gleeful scenes were also completed with chants aimed at Bruce.
Some supporters gathered to sing: “You’re getting fired in the morning.”