The Mohammed Bin Salam Takeover

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The Mohammed Bin Salam Takeover

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A shocking day for English football fans as Newcastle United becomes the richest club in the world. Newcastle fans are overjoyed with their new owner taking over, but many football fans are troubled with what this can do to the transfer market. 


On October 7th, 2021, Mohammed Bin Salam had just become Newcastle United’s new owner. By spending 300 million pounds(400 million USD), Mohammed has just completed the agreement on becoming the new owner of the club. Salman is the crown prince of Saudi Arabia and has an estimated net worth of 13 Billion pounds(18 billion USD). Salam’s royal family has a combined net worth of over 500 billion pounds(680 billion USD).  


Last season, in the English Premier League, Newcastle United finished 13th out of the 20 teams with 11 wins, 11 draws, and 16 losses. With this new takeover, Newcastle United has become the wealthiest football club in the world with 260 billion pounds(300 billion USD) in their financial backing. 


For the past 14 years, Newcastle has had a streak of bad seasons, and is now considered one of the weaker sides in Premier league football. Manchester City on the other hand, is known for its success, and was the wealthiest club last year. This year, Manchester City is ranked 2nd on their financial backing with 23 billion pounds(26 billion USD). 


In the end, this wealthy takeover may bring success and winning football to Newcastle, but will heavily impact the increased wages for players in the future.  


by  Jacob Kim

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