In the early morning of October 8, Beijing time, the official news, Saudi Arabia's Public Funding Fund (PIF) completed the purchase of Newcastle United Salon for a total price of 300 million pounds. Since then.
England Premier Soccer League
There will also be a new "super-duper".
It is reported that after this purchase, the Saudi Public Funding Fund (PIF) will have 80% of the shares of Newcastle United Salon, and the remaining 20% will be equally divided between Staveley and the British giant Reuben brothers. According to previous reports in the British media, the assets of the Saudi Public Investment Fund reached 320 billion pounds. In addition, the Saudi national side will not directly operate the salon, but by the Saudi public funding fund, Amanda Staveley and the Reuben family to operate together.
In fact, back in the first half of 2020, Saudi Arabia's public funding fund launched a bid to buy Newcastle. However, after the two sides reached the beginning of the buyout agreement, the deal was forced to be put on hold due to the issue of the broadcasting dispute. This week, that issue has been resolved and the Saudi takeover of Newcastle has been able to move forward again.
2021-22 season.
England Premier Soccer League
After seven rounds of league play, Newcastle United are without a win for the time being, with 3 draws, 4 losses and 3 points in the bottom two. The Mirror suggests that after the completion of the buyout, Newcastle's current manager Bruce is expected to leave, with Conte, Lampard and others as potential new managerial candidates.
