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Newcastle was bought by the Saudi Investment Fund in a billion-dollar deal

Newcastle was bought by the Saudi Investment Fund in a billion-dollar deal

Newcastle is the richest player in European football after being bought by an investment group from Saudi Arabia. The acquisition was officially announced on Thursday (7) by the English club.

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Values ​​were not disclosed, but it is expected in British cars that the negotiation was at least around 300 million pounds (2.2 billion Brazilian reals).

Negotiations began more than a year ago and resumed after an agreement between the Saudis and beIN Sports, which holds the English Premier League rights to North Africa and the Middle East.

In July 2020, the university and the British government accused Saudi Arabia of piracy, as the station was unable to operate in the country due to a diplomatic row between the Saudis and Qatar.

Newcastle belong to businessman Mike Ashley, who has been heavily criticized by fans since 2017. The English club’s traditional approach with the Public Investment Fund (PIF) in Saudi Arabia is sparking debates about the use of dictatorial governments as a means of erasing actions taken that violate human rights, and therefore, Governments do not want to be known to the rest of the world.

The English national team is currently ranked second from the bottom in the English Premier League with only three points from seven matches. The club has four titles from English Championship, the last of them conquered in the 1926/27 season.

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