October 20, 2021

Dubai Week

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Newcastle United: Saudi capture of English club very soon

Newcastle United: Saudi capture of English club very soon

  • Alistair McGowan
  • BBC Games

Image released, Getty Images

The deal on Saudi acquisition of United in Newcastle is expected to be announced soon.

Approval from the English Premier League could come within 24 hours after an alliance involving the Saudi Public Investment Fund, PCB Capital Partners and Robin Brothers.

Saudi Arabia’s public investment fund is to provide 80% of the funding for 300 million euros, which will be viewed separately from the state.

The decision is believed to have been made after Saudi Arabia settled a piracy dispute with Qatar-based PIN Sports, which owns the rights to broadcast Premier League matches in the Middle East.