Fonseca joins Gerrard and Lampard in Newcastle's list of targets

Mike Ashley sold Newcastle United. Fourteen years later, he believed it was the right time and the right offer for the club to change owners. 

Saudi Arabia's Public Investment Fund is now Newcastle's new owner, making 'The Magpies' one of the richest clubs in the world. Reports in England claim that the English side will have up to 240 million euros to spend on signings. 

Steve Bruce does not fit in the new owner's plan as they believe he is not the right man to lead this ambitious project. Newcastle's board is already searching for his replacement. 

Gerrard and Lampard are the main favorites. However, Paulo Fonseca is also being considered by the English side. 

The former Roma manager was close to joining Spurs this summer to replace Jose Mourinho. 

The decision will be taken soon. At the moment Gerrard, Lampard, Fonseca and Conte are the options being considered to replace Bruce.