The sheik does the pay, Newcastle is now his team.

Billions from Saudi Arabia have already carried out the 300m-pound pay to take possession of the team from Premierliga, Newcastle United.

The money has already been exchanged, and the seals have been signed until the process of I enterprise is expected to last up to four weeks.

If everything goes well as planned, the Saudi fund will own 80% of the shares until 10% will have Amanda Staveley and David and Simon Reuben.

Yassir Al-Ruiyyan will become Newcastle's new chairman if the deal is concluded.