Newcastle bought by Saudi Arabia: how European football falls into the hands of the Gulf monarchies

By buying Newcastle, Saudi Arabia is responding to years of investment in sport on the Qatari and Emirati side.

The richest club in the world. “ This is how the Daily Express presented Newcastle the day after his change of flag.

If the rumor had been running for several months, the plan to buy Newcastle is now official. The popular club in the north of England is now majority owned by the Sovereign Fund of Saudi Arabia (PIF), led by Crown Prince Mohammed bin Salman and whose assets amount to 400 billion euros.

And with this acquisition, Newcastle will simply become the richest club in the world. The Saudis would be ready to invest 400 million euros, when, by way of comparison, PSG is spending 150 million less.


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.