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The Saudi sovereign wealth fund, the Public Investment Fund (PIF), which includes PCP Capital Partners and RB Sports & Media, bought the team for more than £ 300 million, and after all the paperwork arrived in the Premier League. from, the acquisition was completed on October 7th.

The investment group consists of long-term, patient investors who have full confidence in future success. The agreement benefits all parties and leaves Newcastle United in a good position

– stands in the club’s announcement.

The first man of the four-time English champion will be Yashir al-Rumayan, who is also the director of PIF, one of the world’s most influential investment companies, not incidentally owned by Saudi Prince Mohamed bin Salman.

Newcastle United fans are extremely happy that the club has fallen into Saudi hands, if only because Yasir al-Rumajjan’s assets are taxed at £ 300 billion. Their joy was not disguised, they immediately swept the city after the announcement, and a spontaneous festival was held in front of St. James’ Park, as if the team had won the championship – which they have been waiting for for almost 100 years, most recently in 1927. a Newcastle.

By comparison, Manchester City owner Sheikh Manchester has £ 22.9 billion, writes talkSPORT.

We are extremely proud to be the owners of Newcastle United, one of the most famous clubs in English football

– He told Yasir al-Rumayan, who is the richest club owner not only in the Premier League but in the whole world, including all sports.

The 2020 list of the Online Betting Guide (OLBG) was still led by Mukesh Ambani of India. The Mumbai Indians cricket team owns £ 54.7 billion – five and a half times the assets of Yasir al-Rumayan.

After the change of ownership, the rumors are likely to touch each otherwhich football player Newcastle United will put his net on, and against such a financial background, the club leadership will hardly fragment the seduction of world stars. This is probably necessary, as the team is only three points ahead of the penultimate Premier League, 19 points after seven rounds.

(Cover image: Jaszir al-Rumajjan.

Photo:
Fayez Nureldine / AFP
)

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