- Energy drink giant Red Bull has completed a takeover deal for Premiership Rugby club Newcastle Falcons.
- The club will be rebranded as the Newcastle Red Bulls and will compete under this new name from the upcoming season.
- The acquisition brings significant fresh investment to the struggling North East club, which has finished bottom of the Prem for the past three seasons.
- This marks Red Bull's first major involvement in rugby union, expanding their global sporting portfolio which includes Formula 1 and football clubs.
- Both Newcastle's director of rugby Steve Diamond and Prem Rugby CEO Simon Massie-Taylor expressed optimism that the deal will elevate the club and the league.
IN FULL
Red Bull completes takeover of Newcastle as new club name revealed