The takeover of Newcastle by a Saudi consortium could turn the face of world football upside down. The owners of Paris Saint-Germain would no longer be the richest …
The numbers give the spin. The Premier League could welcome a new financial giant very soon. The repurchase of Newcastle, which had collapsed a few months ago, is completely relaunched and is even on the way to being successful. According to the Daily Mail, everything could be unlocked by the agreement between Saudi Arabia and Qatar regarding hacking. And according to Sky Sports, an announcement could be made imminently.
Newcastle today // Newcastle after the takeover pic.twitter.com/qsEK1nktWE
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This takeover by a Saudi consortium could make Newcastle the richest club in the world of football. Saudi’s Public Investment Fund could invest as much as £ 300 million to afford the Magpies. Behind this entity, we find the Saudi royal family, and in particular the very powerful Mohamed ben Salman, crown prince of Saudi Arabia.
Newcastle fifteen times richer than Man City?
The Daily Mail estimates that the fortunes of the future owners of Newcastle are 15 times that of those of Manchester City. The English daily values Sheikh Mansour, Deputy Prime Minister of the United Arab Emirates, at just under 25 billion euros. The Saudi investment fund is said to have assets worth a staggering £ 377 billion, with stakes in companies ranging from SoftBank to Boeing, Facebook and Uber. Qataris, owners of PSG, would be exceeded with their estimated 259 billion euros, according to the Daily Mail.
This financial power could make Newcastle one of the future giants of European football. Just look at the way Manchester City and Paris Saint-Germain, and even Chelsea before them, came to settle in alongside the historic strongholds of Real Madrid, FC Barcelona, Bayern Munich, Juventus or Manchester United again.
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