British media revealed the intention of the Public Investment Fund Group in Saudi Arabia. After its acquisition of Newcastle United, the Italian club, Inter Milan, and Marseille, France, during the coming period.
Saudi investments and the purchase of Inter Milan and Marseille
British media reported that a number of Saudi investors. In the past, they have already met with the owners of Inter Milan, and that the Chinese businessmen who own the club are ready to sell the Italian club for one billion euros.
– 🚨Football Italia |
The investment fund is working to buy Inter Milan. pic.twitter.com/BXFgpmICkd
– Ezz (@3z_News) October 9, 2021
And the English Premier League announced, in a statement published last Thursday, that the Saudi Public Investment Group. For his complete acquisition of Newcastle United, which plays in the Premier League.
The statement added, “Following the completion of the owners and managers’ test in the Premier League, the club has been sold to this alliance with immediate effect.”
The Saudi Investment Fund is also working to buy Inter Milan from Suning pic.twitter.com/vgl62a2Net
— 📊 Marwan (@i1mro) October 7, 2021
buy Newcastle United
The Governor of the Saudi Sovereign Fund, Yasser Al-Rumayyan, said in a press statement to him earlier, “We are happy to acquire Newcastle United as one of the most famous clubs. In English football, we thank the fans for their loyalty to this prestigious entity. Over the years, we look forward to working with them for the benefit of the club.”
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The value of Saudi public investments is about 430 billion dollars, through which this fund seeks to diversify its economic activities instead of relying on oil.
Completed an investment group led by #Public Investment FundIt also includes PCP Capital Partners and RB Sports & Media (the “Investment Group”), the 100% acquisition of Newcastle United. @NUFC pic.twitter.com/xn8L0IduNQ
— Public Investment Fund (@PIFSaudi) October 7, 2021
English Premier League standings
Chelsea is at the top of the Premier League standings with 16 points, followed by one point behind Liverpool with 15 points, and Manchester City in third place with 14 points, equal to Manchester United, Everton and Brighton with the same points, respectively.
While the Brentford team came in seventh place with 12 points, equal with the eighth place team Tottenham with the same points, and in the ninth place West Ham United team came with 11 points, while in the tenth place with 10 points during the English Premier League competitions for the current season.
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