Alan Shearer talks about the Saudi Arabian-backed takeover of Newcastle United, which was completed on Thursday.

Shearer said: "I'm excited for what can happen to our football club" but said that the new owners will need to invest in more than just the team.

Newcastle United’s £305 million takeover was completed on Thursday afternoon when the Premier League, together with the new owners, confirmed the most drawn-out club purchase had finally concluded.

Saudi Arabia’s Public Investment Fund announced it had acquired an 80 per cent controlling stake in the north-east club, with the London-based Reuben brothers paying for a 10 per cent stake and broker Amanda Staveley receiving the remaining 10 per cent for her role in setting up the deal.

Read the full story here: https://www.telegraph.co.uk/football/2021/10/07/contenders-next-newcastle-united-manager-steve-bruce-goes/

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