As things Stands stands now, Newcastle United are set to become the Richest Club in the World after a takeover by Saudi Arabian Public Investment Fund (PIF) Worth £300m was completed this week. 

The Club Via it's Official Social Media Page  on Thursday confirmed that they have been acquired by the Organization.

The club wrote: 

An investment group led by the Public Investment Fund, and also comprising PCP Capital Partners and RB Sports & Media, has completed the acquisition of 100% of Newcastle United Limited and Newcastle United Football Club Limited from St. James Holdings Limited." 
According to Reports, the Saudi Arabian Public Investment Fund (PIF) Holds 80% while Part owners Amanda Staveley and the Reuben Brothers own 10% Stakes each.

Newcastle United would certainly be looking at Strengthening their Team in all aspects and definitely would be willing to spend Heavily to get some more Quality Players. Kylian Mbappe is one of the Big names that have Emerged as Top Target for the present Administration and Newly appointed club Director, Amanda Staveley Has reacted to Speculations linking the Player to the Club. [READ DETAILS HERE]

Why there's yet to be a confirmation if the club would be Tussling with Real Madrid for the Signature of the French Man, two Fresh Names have Emerged as Target for Newcastle with one of them a priority.

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Burnley's James Tarkwoski is Reportedly set to Become the First signing for Newcastle under the New administration. The 28 Years old Defender could well be on his Way to St. James Park in January.

An Excerpt from De Telegraph Stated that:

"Tarkowski’s name featured heavily in the preliminary discussions among the football advisors at St James’ Park, who are helping the public face of the new board, Amanda Staveley, draw up a plan to present to the club’s Saudi Arabian owners ahead of the January transfer window."

James Tarkwoski's Contract would be ending by the end of this Current Season and Burnley United May want to allow the player go considering the fact that a reasonable fee from Newcastle's New Billionaire owners could be gotten from the Player's Sale. 

Another Player that was also Mentioned in the report was Manchester United Forward, Jesse Lingard. 

The English Man has also Appeared as Target for the club after he turned down the chance to play for them last season in favor of a loan move to WestHam United.