Newcastle owner Mike Ashley is on the brink of selling the club for £300m to Saudi Crown Prince Mohammed bin Salman, Amanda Staveley and the Reuben Brothers.
And it would make Bin Salman the third richest owner in the Premier League.
Newcastle fans have long been fed up with Ashley and is running of the club and lack of investment.
Bin Salman was linked with a massive takeover of Manchester United last year and was said to be ready to pay £4billion for the Red Devils.
The Crown Prince is worth around £7bn and it could mean significant investment in Newcastle as they dream of pushing closer to the top of the Premier League.
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Manchester City top the list in terms of wealth owners with Sheikh Mansour worth over £23bn.
Chelsea are second with Roman Abramovich worth a staggering £9.6bn.
Then would come Bin Salman just ahead of Arsenal owner Stan Kroenke.
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Wolves, Aston Villa, Leicester and Tottenham come next before United owners the Glazers with a fortune of £3.6bn.
In contrast, Norwich are at the bottom with Delia Smith and Michael Wynn-Jones worth £23m.
University of Liverpool football finance expert Kieran Maguire has exclusively told Express Sport what will be going on between the two parties involved at present to get the Newcastle takeover finalised.
He said: “It’s a bit like buying and selling a house, he’s had a few people round to look.
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“I think the documents that have been lodged are getting closer to exchanging contracts but we’re still not at completion.
“The Premier League need to do an assessment of the possible new owners in terms of satisfying the owners and directors test so that will take a little while.
“Then it’s just a case of tying up the loose ends in terms of final agreement of the price and how that money will be transferred.
“I think he’s sold partly due to the fact that he would probably prefer to focus on his other businesses at present because they do need a lot of support at the moment and the cash from the Newcastle sale would help in that regard.”
Premier League owners’ wealth
(All figures according to The Sun)
Sheikh Mansour – Manchester City – £23.3bn
Roman Abramovich – Chelsea – £9.6bn
*Mohammed bin Salman – Newcastle – £7bn*
Stan Kroenke – Arsenal – £6.8bn
Guy Guangchang – Wolves – £5.2bn
Nassef Sawiris – Aston Villa – 5bn
Aiyawatt Srivaddhanaprabha – Leicester – £4.6bn
Joe Lewis – Tottenham – £3.9bn
The Glazers – Manchester United – £3.6bn
Gao Jisheng – Southampton – £3.1bn
Joshua Harris – Crystal Palace – £2.7bn
John Henry – Liverpool – £2.1bn
Farhad Moshiri – Everton – £1.5bn
Tony Bloom – Brighton – £1.3bn
David Sullivan and David Gold – West Ham – £1.2bn
Maxim Denim – Bournemouth – £900m
Abdullah bin Musa’ed – Sheffield United – £198m
Gino Pozzo – Watford – £93m
Mike Garlick – Burnley – £62m
Delia Smith and Michael Wynn-Jones – Norwich – £23m
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