Potential Newcastle owner Crown Prince Mohammad bin Salman has ‘deepest pockets of the lot’ with £1TRILLION wealth
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NEWCASTLE'S potential new owner Mohammad bin Salman would have the "deepest pockets" of any football chief as he moves towards his Toon takeover, according to reports.
The Saudi Arabian Crown Prince's attempts to purchase the St James' Park club emerged over the weekend with a £340million bid.
According to talkSPORT, the Saudi royal family are thought to have £1TRILLION at their disposal, which ranks them among the very wealthiest groups in the world.
And that level of sheer wealth backing the Public Investment Fund would see Newcastle rivalling some of the richest clubs in England and across the world.
Speaking on Monday, Jim White revealed on : “A financial source in the City of London has told me today that the talks are a lot further advanced than a lot of people think.
“He said this Saudi investment fund has the deepest pockets of the lot, and even compared it to Manchester City.
“Forget Man City’s wealth, this is on a different scale."
It is understood the takeover is "90 per cent certain" after a shell company created by Amanda Stavely earlier this month has been registered to facilitate the deal.
SunSport reported on Saturday how Saudi Arabia's Crown Prince Mohammed bin Salman is in talks to buy the club in a consortium including billionaire brothers David and Simon Reuben.
The Chelsea-supporting siblings - whose family are worth an estimated £18.7billion - have earned most of their wealth through real estate, technology and investments.
As revealed by SunSport, the Prince Salman would try and secure a return to Tyneside for popular former manager Rafa Benitez, who left the club last summer and was replaced by Steve Bruce.
However, report that the deal could be in jeopardy.
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That is because the proposed deal could be opposed by the Premier League over alleged state-sponsored TV piracy.
Saudi broadcaster beoutQ has been accused of showing content from Qatar-based beIN Sports.
Last year, Prem clubs, Fifa, Uefa and other big European leagues called on the Saudi government to take ";swift and decisive action" against beoutQ for stealing content from beIN Sports and selling it to customers on the cheap.