Newcastle new owners wanted to pay £3.5bn for Man Utd to take over from Glazers

Newcastle United's new owners once wanted to take over Manchester United from the Glazers before they settled in the North East.

The Saudi's Public Investment Fund, backed by Prince Mohammed bin Salman, completed their takeover of Newcastle from Mike Ashley on Thursday evening.

Newcastle fans gathered outside the gates of St James Park to celebrate.

The takeover now places Newcastle among the richest clubs in the world, and they have a value ten times larger than Manchester City.

However, if bin Salman had completed their planned takeover of the Red Devils in 2019, things may have panned out differently for the Magpies.

Bin Salman had set his eyes on United in 2019, and he was reportedly ready to fork out £3.5billion to purchase the club from the Glazer family.

However, the reported bid was rejected by the Red Devil owners, who insisted that the club was not for sale.

If they had accepted the bid it would have yielded a significant profit from the £790million the Glazer's paid to acquire the asset back in 2005.

Rumours reappeared that bin Salman could acquire United following the fallout of the European Super League last April.

But, by that time, bin Salman had already turned his attention to Newcastle.

Do you think the Glazers should sell untied? Let us know in the comments section

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The consortium, backed by bin Salman, has faced numerous hurdles over concerns of Saudi Arabia’s human rights record and accusations of TV piracy.

However, with the takeover now completed, Newcastle look to enter a new era.