Beijing time in the early morning of October 8, a piece of news that is enough to stir the world of football, attracted widespread attention from fans.

Saudi Arabia's Public Investment Fund (PIF) on

England Premier Soccer League

The acquisition of Sharon Newcastle is now complete!

It is understood that the investment fund will hold an 80% stake in the saloon, with money boss Ashley, who has now held the saloon for 14 years, officially leaving the Magpies.

Newcastle Saloon was founded in 1881 and is now 120 years old!

, the team has won the English Top League four times. Alan Shearer and Asprilla are some of the more familiar Magpies stars to fans.

this season

England Premier Soccer League

Seven rounds of the league have now been completed and Newcastle have underperformed and are now taking the lead with

Second to last with 3 draws and 4 losses

. It is understood that after the takeover is completed, the new owners will make a thunderous shake-up of the squad, the brunt of which will be borne by head coach Bruce, whose departure is almost a foregone conclusion.

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