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Football: why Saudi Arabia is investing in Newcastle


DECRYPTION - Political and commercial strategy, the Saudi Sovereign Fund has taken over the English club.

Marseille dreamed of it, Newcastle did it. Already more than started in 2020, the buyout of the Magpies, current 19th in the English championship standings, by the Saudi Arabian Public Investment Fund (PIF) became reality on Thursday. 80% of the shares of the former team of Kevin Keegan, David Ginola or Alan Shearer are now held by the entity led by Mohammed Ben Salman, Crown Prince of Saudi Arabia. A transaction estimated at € 350 million. And this, to the delight of supporters of the Toons, tired of fourteen years of presidency of Briton Mike Ashley, but… to the chagrin of human rights defenders.

"It's a real shame for Newcastle and English football"

, plague, on Sky, Hatice Cengiz, fiancée of Saudi journalist Jamal Khashoggi, assassinated in 2018 at the Saudi consulate in Istanbul and whose murder would have, according to American and Turkish officials, been ordered by none other than "MBS".

This is just one of the many abuses attributed to

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Source: lefigaro

All sports articles on 2021-10-10

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