Tuesday, 24 May 2022

Newcastle United Saudi owners set to ‘build sporting empire’

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The Saudi owners of Newcastle United are seeking to build a sporting empire to match the multi-club industry amassed by Manchester City’s Abu Dhabi owners, said reports Monday. Saudi Arabia Public Investment Fund (PIF) bought the English Premier League side in a controversial takeover last year, alongside British businesswoman Amanda Staveley and the Reuben brothers. The Times reported that Newcastle’s owners are attempting to appoint Majed Al-Sorour, chief executive of the Saudi Golf Federation, as a director of the club. This move is seen as part of plans to builda global sports portfolio ce…

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