Four wedded Saudi Arabia PIF football clubs and a Golf funeral - Featuring NUFC NUFC
Tuesday seeing the Saudi Arabia PIF making serious giant strides forward in terms of its involvement in sport and how it operates.Back in October 2021 there was a total impasse with regard to the long running attempted Saudi Arabia PIF led takeover of Newcastle United, a deal that had become seen as impossible to conclude. Out of nowhere the takeover happened.
As to how this deal came about, who helped set it up, it would seem to be a little far-fetched to believe that Amanda Staveley played no part in it, considering that only last month the media had collectively put the message out that this exactly was what she had been tasked to do. Maybe it was never thought that such a far reaching outcome was believed possible but certainly the Newcastle United director appears to have been involved in the process of this eventually happening.
“The transfer of the four clubs will unleash various commercial opportunities, including investment, partnership and sponsorships across numerous sports.” Instead, I think that simply Newcastle United is part of some vast jigsaw, some far wider plan / approach, that Saudi Arabia / Saudi Arabia PIF are implementing.
The money that Saudi Arabia generates currently, is being used to invest in all kinds of diverse businesses / initiatives around the globe, to help ensure that future prosperity and influence. This includes sporting initiatives / investments.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi PIF takes majority stakes in four clubs, including Ronaldo's Al NassrThe fund which controls Newcastle United Football Club now own a majority stake in four Saudi Pro League clubs. The move sees Saudi Arabia’s sports clubs investment and privitisation project,…
Read more »
Saudi Arabia passes four domestic football teams to sovereign fund\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »
Analysts Reiterate Calls For $100 Oil As Saudi Arabia Cuts Production | OilPrice.comSaudi Arabia’s decision to cut a further 1 million barrels per day will only tighten oil markets and could send Brent oil prices to $100 by the end of the year.
Read more »
Saudi Arabia’s Unsuccessful Attempt To Boost Oil Prices | OilPrice.comSaudi Arabia’s decision to cut oil production by 1 million barrels per day has failed to cause a sustained rally in oil prices, although the IEA has warned higher prices are coming.
Read more »
Golf merger: Does drive for truce amount to takeover by Saudi Arabia?Sky's Ian King writes that the shock merger with the Saudi backers of breakaway LIV Golf will be aimed at healing the deep rift in the sport but says it also secures a top seat for the country in the wider professional game.
Read more »
PGA Tour and LIV Golf merger: Does drive for truce amount to takeover by Saudi Arabia?Sky's IanKingSky writes that the shock merger with the Saudi backers of breakaway LIV Golf will be aimed at healing the deep rift in the sport, but says it also secures a top seat for the country in the wider professional game
Read more »