sport news Can super-rich new Newcastle United owners change the Premier League forever?

Newcastle are on the verge of completing a £300million takeover led by a consortium backed by money from Saudi Arabia's sovereign wealth fund.

Should the deal go through, current owner Mike Ashley would be handing the keys over to Saudi Crown Prince Mohammed bin Salman, who is estimated to have a personal wealth of £7billion.

With the backing of Saudi Arabia's Public Investment Fund, worth a colossal £260bn, the Magpies could be a club transformed and challenging for titles in future.

Newcastle are on the verge of being taken over by the Saudi state in a £300million deal

Newcastle are on the verge of being taken over by the Saudi state in a £300million deal

Saby Prince Mohamed bin Salman, the country'

The takeover is backed by Saudi's Public Investment Fund, led by Prince Mohamed bin Salman

Amanda Staveley is helping to broker the Saudi takeover of Newcastle after years of trying

Amanda Staveley is helping to broker the Saudi takeover of Newcastle after years of trying

Newcastle have always been regarded as one of England's 'sleeping giants', given their dedicated fanbase, large stadium and a fondly remembered recent history that saw them pipped to the Premier League title in the late 90s.

When it comes to club's last major piece of silverware, you have to go all the way back to 1955 when they won the FA Cup, but the league has been out of reach since just after the end of the First World War.

However, a Saudi regime with bottomless pockets on Tyneside could signify a changing of the guard when it comes to who will be challenging for Premier League and Champions League titles in years to come.

But, while billionaires and multi-millionaires remain in control at the likes of Arsenal, Tottenham, West Ham, Aston Villa and Everton, such a scenario does not necessarily mean glory will follow, as those clubs prove.

So, what standout examples are there of rich benefactors who have gone on to fund a club's charge into becoming a Premier League powerhouse? 

JACK WALKER - BLACKBURN ROVERS 

Before the Premier League's inception in 1992, local entrepreneur and lifelong supporter Jack Walker reached into his pockets to purchase Blackburn Rovers in 1991. 

The club that had been yo-yoing up and down the divisions throughout the 70s before steadying the ship in the Second Division in the 80s.

Walker had amassed a personal fortune of around £600m in the steelworks industry and went on to assume full control of the Ewood Park outfit in the hope of turning Rovers into one of the most successful and prosperous clubs in England's top flight.

With money behind him, Walker made funds readily available for players and coaching staff, while also threatening to make look 'cheap'.

Generous benefactor Jack Walker (centre) stands with manager Kenny Dalglish (left) and assistant boss Ray Harford after Blackburn Rovers won the Premier League title in 1995

Generous benefactor Jack Walker (centre) stands with manager Kenny Dalglish (left) and assistant boss Ray Harford after Blackburn Rovers won the Premier League title in 1995

Ahead of the Premier League's inaugural season, Walker appointed Kenny Dalglish as manager, who ended their 26-year stay outside the top flight by winning promotion as the 1991-92 second division play-off winners.

Walker put his money where his mouth was and spent £25million on new players during his first three years in charge. This included breaking the British transfer record twice after he brought in 22-year-old Alan Shearer for £3.5m from Southampton in 1992 before Chris Sutton joined from Norwich City for £5m just two years later.

With money behind them and the squad showing their worth, Blackburn became title contenders within a season of their promotion.

After finishing fourth in 1992-93 campaign and then as runners-up the following season, the writing was on the wall for the rest of the Premier League.

The lethal attacking duo of Alan Shearer and Chris Sutton inspired their title-winning side

The lethal attacking duo of Alan Shearer and Chris Sutton inspired their title-winning side

The lethal attacking duo of Shearer and Sutton formed the bedrock of their title-winning side, supplied by flying wingers Stuart Ripley and Jason Wilcox. Tim Sherwood led by example as the club's captain in the heart of its midfield. Colin Hendry was a titan at the back. Tim Flowers was at £2.4m the most expensive goalkeeper in Britain but also one of the very best.

In 1994-95, Blackburn went on to win the Premier League title by pipping rivals United to the trophy, cementing their status as a force in the early to mid-90s.

While the success dried up and it started to go downhill in the next five years, Blackburn are one of only six clubs to lifted the Premier League trophy, with so much of their success attributed to the ownership of the late Jack Walker. 

ROMAN ABRAMOVICH - CHELSEA

When Roman

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