Saudi Arabia.
Newcastle United Officially Sold to Saudi-Backed Ownership Group in $415M Deal. The Newcastle United Football Club announced Thursday it has officially been sold to an ownership group with ties to Saudi Arabia. The team was sold for $415 million (£305 million), per The Telegraph’s Uche Amako.
Who has actually bought Newcastle United?
PIF became the majority shareholder and de facto owner of the club, with 80 percent of the shares. The public face of PIF has been Yasir Al-Rumayyan, who is Governor of PIF, and Chairman of Newcastle United.
Who is the current owner of Newcastle United and his net worth?
1) Newcastle United – Saudi Arabia Public Investment Fund – £320billion. After 13 years of Mike Ashley at the helm, Newcastle are essentially now owned by the Saudi Arabian state.
Who bought Newcastle United 2022?
The Saudi Arabia PIF
The Saudi Arabia PIF taking an 80% stake in the new ownership of Newcastle United, with the Reuben family 10%, Amanda Staveley and her husband the remaining 10%. Yasir Al-Rumayyan is Governor of the Saudi Arabia PIF and Chairman of Newcastle United.
Do Saudis own Newcastle United?
Eighty per cent of the club is owned by the Saudi Arabian-led Public Investment Fund (PIF), which Newcastle and the Premier League insist is independent from the Gulf state itself. However, its chairman is Saudi Crown Prince, Mohammed bin Salman, who is also Deputy Prime Minister.
Why did the Saudis buy Newcastle?
The Newcastle transaction comes as part of a recent trend by the Kingdom to invest in sports and sports properties. The Saudis have been planning for years to expand their economic model away from oil revenues with sports and entertainment being one of the new key areas of focus.
Who is trying to buy Newcastle?
Saudi Arabia’s Public Investment Fund (PIF), chaired by Saudi Crown Prince Mohammed bin Salman, is part of a three-party consortium attempting to buy Newcastle United.
Is Newcastle the richest club in the world 2022?
Indeed, now owned by the Saudi Arabia sovereign wealth fund, the Magpies are comfortably the richest club in the world.
Who is the richest football club owner in the world 2022?
Sheikh Mansour
The wealthiest football club owner in the world in 2022 is Sheikh Mansour. He owns Manchester City and has a net worth of $30 billion.
Who is richest club owner in Premier League?
Saudi Public Investment Fund
1. Saudi Public Investment Fund | Newcastle United | $600 billion. In 2021, stakeholders of the Saudi Public Investment Fund became the richest Premier League owners in 2022 after taking over Newcastle United F.C. The Saudi Public Investment Fund is a giant sovereign wealth fund.
Which is the richest football club in the world?
1. Real Madrid – $5.1 billion. Real Madrid is the richest football club in the world in 2022. It has a net value of $5.1 billion as of 2022.
Which football club owners is the richest?
The richest football club owner tag belongs to the Saudi Arabia Public Investment Fund, who bought an 80% stake in Newcastle United for £300 million in October 2021.
How much is Newcastle worth 2022?
What Is The Net Worth Of The Owners Of Newcastle United? With a staggering net worth of 320 billion pounds, Saudi Public Investment Fund, which is the current owner of Newcastle United, holds the number one position.
Which football clubs are owned by Saudis?
Pages in category “Football clubs in Saudi Arabia”
- Abha Club.
- Al-Adalah FC.
- Afif FC.
- Al Ahli Saudi FC.
- Al-Ain FC (Saudi Arabia)
- Al-Arabi (Saudi Arabia)
- Al-Ansar FC (Medina)
- Al-Anwar Club.
Which Premier League clubs are owned by Saudis?
Some of the teams bought by Arab royalty and businessmen include: Manchester City, owned by the United Arab Emirates’ (UAE) Sheikh Mansour; Paris-Saint Germain (PSG), owned by Qatar’s Nasser Al-Khelaifi; Aston Villa, owned by Egypt’s Nassef Sawiris; and Sheffield United, owned by Saudi Arabia’s Abdullah bin Mosaad bin
What soccer team does Saudi Prince own?
A group led by Saudi Arabia’s sovereign investment fund completed its purchase of the Premier League soccer team Newcastle United on Thursday, moving swiftly to overcome objections to its yearslong pursuit of a place as an owner in one of the world’s most prominent sporting competitions.
Which football clubs are owned by Qatar?
Paris Saint-Germain are owned by Qatar. Qatar also sponsors Bayern Munich and Roma and has a “foundation” project with Real Madrid. Real Madrid are sponsored by the Emirates airline of the UAE. Another of the emirates, Abu Dhabi, owns Manchester City.
Why did Arabs buy Newcastle?
Saudi Arabia’s government is in the midst of positioning itself as an Afro-Eurasian trade hub, resulting in its container port facilities being significantly expanded. It is possible that we could see Newcastle becoming a node in the Gulf nation’s global trade network, which ownership of United will help to enable.
Why is Newcastle so rich?
They are very wealthy – it is the Sovereign Wealth Fund of Saudi Arabia having an 80 per cent stake in Newcastle. It is big money and they have got a lot of money to spend.
Will the Saudis sell Newcastle?
In October 2021, the Premier League announced that a way through to approving the takeover had been found, as the PIF had provided “legally binding assurances that the Kingdom of Saudi Arabia will not control Newcastle United”.
Are Newcastle owned by the Saudi state?
A minister has defended the Saudi Arabian investment in Newcastle United despite the recent mass executions in the kingdom. The Saudi Public Investment Fund (PIF) – of which Crown Prince Mohammed bin Salman is chairman – has an 80% stake of the club’s owning consortium.