Newcastle United owners the Saudi Public Investment Fund are eyeing their next big acquisition.

The club’s owners, who acquired it for £305 million in October 2021, control assets valued at over £700 billion. As part of their strategy to diversify away from fossil fuels by 2030, they have made football a primary target market.

Because they are not subject to the same Profit and Sustainability (PSR) restrictions as Newcastle in the Premier League, PIF has since made significant investments in the Saudi Pro League.

Since there are no other bidders, Saudi Arabia has also essentially won the right to host the World Cup in 2030.

Saudi Arabia may have global aspirations, but Yasir Al-Rumayyan, the chairman of PIF, is still completely fixated on European soccer.

Furthermore, Newcastle, the crown jewel in the group’s sports portfolio, may benefit greatly from their most recent goal.

PIF-funded group eyeing AS Monaco takeover

A Saudi Arabian consortium is reportedly very interested in acquiring AS Monaco, a Ligue 1 team, according to The Times.

The club’s young talent pipeline, which has produced hundreds of millions of pounds’ worth of talent in recent years in addition to players like Kylian Mbappe, accounts for a significant portion of the club’s valuation.

It is asserted, meanwhile, that a potential obstacle may be the Saudi Arabian group’s financial ties to the Public Investment Fund.

Owners are not prohibited by UEFA regulations from owning shares in multiple clubs.

However, the regulatory body is tightening its grip on the model and will forbid two clubs from the same network from competing in the same European championship at the same time starting in 2025–2026.

How Newcastle would benefit from multi-club model

Now, the multi-club concept is popular, even though different regulatory authorities are trying to stop it.

Most Premier League sides use some sort of multi-club structure, but some are more clearly defined than others, like Man City’s expansive City Football Group.

There are a lot of advantages. Clubs can now employ clubs at the heart of the network to get past things like post-Brexit transfer limits by using abroad outposts.

There’s a strong possibility that the next generation of Monaco talent could wind up at St James’ Park if Monaco and Newcastle were connected.

In addition, there are several business advantages and the chance for clubs to exchange resources and expertise.

READ MORE ON:https://sportip.co.uk/

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *