Newcastle –
Newcastle United officially acquired the consortium owned by the Prince Saudi Arabia, Muhammad bin Salman. The news was delivered directly to the stronghold The Magpies.
The Public Investment Fund (PIF) officially acquired Newcastle, Thursday (7/10/2021) night WIB. The company owned by Muhammad bin Salman took over The Toon 100 percent from the hands of the previous owner, Mike Ashley.
“The investment group, led by the Public Investment Fund, and also consisting of PCP Capital Partners and RB Sports & Media, has completed the 100% acquisition of Newcastle United Limited and Newcastle United Football Club Limited from St. James Holdings Limited,” read a statement. issued by Newcastle on social media.
All acquisition requirements Newcastle United has been approved by Premier League. PIF Governor, Yasir Al-Rumayyan, was appointed Non-Executive Chair of Newcastle.
“We are very proud to be the new owners of Newcastle United, one of the most famous clubs in English football. We thank the Newcastle fans for their loyal support over the years and we are delighted to work with them,” Al-Rumayyan told the website. club official.
PIF is determined to turn Newcastle into a top Premier League team. PIF previously confirmed that the funds to buy shares The Magpies not using Saudi Arabia’s state treasury.
In the future, the Public Investment Fund will manage Newcastle United professionally. The presence of the club owner from Saudi Arabia also adds to the bosses from the Middle East who acquire European clubs.
In the Premier League there are Manchester City which was acquired by one of the royal members of the United Arab Emirates, Sheikh Mansour, in 2008. In addition, there are also Paris Saint Germain from France owned by Qatari businessmen, Nasser Al-Khelaifi.
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