Together they took over Aston Villa from previous owner and chairman Tony Xia in July 2018. Adam Brown. But while the crown prince will not have a place on Newcastle’s board of directors, he remains chairman of the PIF. The takeover of Newcastle by PIF has been described as the latest act of . Posted Thu 7 Oct 2021 at 11:39pm Thursday 7 Oct 2021 at 11:39pm Thu 7 Oct 2021 at 11:39pm, updated Fri 8 Oct 2021 at 12:01am Friday 8 Oct 2021 at 12:01am Fri 8 Oct 2021 at 12:01am Newcastle United . Newcastle United are looking to raid Manchester United's squad during the January transfer window. Founded in 1892, Newcastle United had played ever since in the St James' park who has a capacity of 52,405 seats. When Leicester won the 2015-16 Premier League from 5,000/1 odds at the beginning of the season, the owner gifted 19 players £100,000 BMWs. Newcastle had sent their chief scouts to watch the much-coveted player live in action during the international break, where he helped his nation beat Portugal to qualify for the 2022 World Cup in . Players laid flowers at the stadium the day after the crash and his funeral lasted for eight days. Both men have a share in the holding company, ENIC International, which is an investment company based in the Bahamas, which in turn owns 80% of Spurs. He tried to buy shares in the club twice, from former owner Alan Sugar, but both bids were unsuccessful until he joined the board. “This debate was just about control for us.”. Newcastle United supporters celebrate outside St. James' Park in Newcastle Upon Tyne, England on Oct. 7, 2021. The remaining shares are owned by Fougler, the managing director of a Norfolk-based poultry firm with a £100m annual turnover. 2021. He has been chairman of the club since 2009 and oversaw their promotion to the Premier League for the first time in 34 years during the 2016-17 season. Kenwright has been on the board at Everton since 1989. ALK are currently offering fans a chance to relinquish their 6% share in the club. But the deal has spurred . 2021 The Toronto Star and thestar.com, . Here are the biggest losers (and the winners). Two of my siblings have not spoken to me in a decade. Newcastle upon Tyne Newcastle City Council have banned a landlord from letting out the five bedroom house in Elswick. — Newcastle United FC (@NUFC) October 20, 2021. He owns a number of other football clubs and his takeover of Manchester City has been described as an attempt by the UAE at "sportswashing" - gaining political influence over foreign policy through sport. He holds a 77% share, while chairman and West End theatre producer Bill Kenwright, born and bred in Liverpool, has a small stake. He increased his shares in Arsenal to more than 90% in August 2018 in a £600m deal. B Team Coach Jon Worthington says he is happy with the progress his side is making in the Premier League Cup after Wednesday night's 1-1 draw at Newcastle United. The Premier League was among the sports organizations that protested against the pirating of its games by the renegade beOutQ operation. West Ham United - David Sullivan, David Gold and Albert Smith. But some football fans are concerned over the involvement of Saudi Arabia's Crown . 2021 Cost of Living Calculator: Newcastle, Wyoming vs Lewiston, Idaho Change Places . Tottenham Hotspur - Joe Lewis and Daniel Levy. Chinese businessman Jisheng has an estimated net worth of around $4bn (£2.49bn) and a share of 80% in Southampton. His grandfather was a vice chairman in the 1970s, while his uncle still sits as a director. He was heavily criticised for his involvement in the now-shelved European Super League. ”We needed to demonstrate there was sufficient separation between PIF and the Saudi state, and that has been determined that there is.”. — Newcastle United FC (@NUFC) October 17, 2021 Callum Wilson and Jamaal Lascelles come straight back into the team while Federico Fernandez makes way for the captain. Cafes in Riyadh and Jeddah regularly teem with men and women watching football. . What Newcastle's owners can learn from Manchester City about building a team. AFP from Afp. Newcastle fans pose for a photo outside the ground before an English Premier League soccer match between Newcastle and Tottenham Hotspur at St. James' Park in Newcastle, England, Sunday Oct. 17, 2021. This has led to more US-based companies and owners targeting Serie A, with much lower entry costs and limited scope for losses. American investors Harris and Blitzer each own an 18% share - alongside American hockey team the New Jersey Devils. MLS salary breakdown: Top spenders struggling in 2021 as new signings add to wage . So, when Carla DiBello, a close friend of Yassir al-Rumayyan, the chief executive of Saudi Arabia’s public investment fund (PIF), suggested the Newcastle deal, Rumayyan took it to the fund’s chairman and Saudi Arabia’s effective leader, Crown Prince Mohammed bin Salman. Six suspected dealers arrested with £30k in cash seized after series of . The most expensive purchase in Howe's career is Jefferson Lerma, who joined the Cherries from £25m in the summer of 2018. Unbeknownst to fans, as a "mystery investor" he propped up the club in 2007 when it became the first professional team in London to be owned by its fans. Jefferson Lerma - £25m from Levante, 2018. Club director Amanda Staveley and husband Mehrdad Ghodoussi, left, pose with newly appointed Newcastle United manager Eddie Howe at St. James' Park, Newcastle upon Tyne, England, Wednesday, Nov . Newcastle United - Public Investment Fund. English Premier League club Newcastle bought by Saudi sovereign fund . It is four years since Staveley attempted to buy Newcastle. Newcastle has not won a major trophy since the 1955 FA Cup, and its last league title came in 1927. Ashley’s ownership has been marked by chronic underinvestment in the playing squad, his use of Newcastle as a vehicle to promote his other business interests, and of a general lack of ambition despite the club’s attracting regular home crowds of more than 50,000. . But there was a lingering ethical dimension to whether PIF was approved as owners. According to The Sunday Times Rich List in 2021, Ashley is the 61st richest person in the UK with an estimated net worth of £2.718 billion. Steve Bruce's side finished last season strongly and will be looking to carry on where they left off in the new campaign. Premier League club Newcastle United bought by Saudi sovereign fund. Newcastle, guided until now by spendthrift owner Mike Ashley, made a loss of $35 million in 2020. The club will be seeking a transformation in the same manner enjoyed by Manchester City in 2008 after its takeover by another Middle Eastern entity — Abu Dhabi — that was also brokered by Staveley. The Magpies were bought for £300m by the Public . American businessmen Henry and Werner are part of the Fenway Sports Group, which also owns the Boston Red Sox. November 2, 2021, 18:30 CET. Many Newcastle supporters will feel their ship has finally come in considering Saudi Arabia's Private Investment Fund, which now owns 80 per cent of the club, has cash reserves estimated at . Agreeing to such a takeover could be construed as acquiescing to a human rights record that has been condemned by rights organisations. T he sale of Newcastle United to the Saudi Public Investment Fund on Thursday brought jubilant scenes from St James' Park, as Toon supporters began to dream about the club's future for the first . Scott Heppell / AP Oct. 8, 2021, 11:11 AM UTC / Updated Oct. 8, 2021, 12:05 PM UTC He also owns Danish club FC Midtjylland. Record sale predicted with Newcastle set to pounce for goal-getting winger. Value 1. Headquartered in Shanghai and Hong Kong, they have a presence in 16 countries and are estimated to be worth around $9.14bn (£6.72bn). . Premier League club Newcastle bought by Saudi sovereign fund. Anything seen to threaten the seat of power is treated very differently. . Saudi-backed Newcastle takeover as much about status as sportswashing. Premier League club Newcastle bought by Saudi sovereign fund Newcastle United supporters celebrate outside St. James' Park in Newcastle Upon Tyne, England Thursday Oct. 7, 2021. Bin Zayed al Nahyan, commonly referred to as Sheikh Mansour, is the deputy prime minister of the United Arab Emirates and a member of the Abu Dhabi royal family. LONDON: . Newcastle. Along with his business partner and fellow West Ham owner Gold, he worked in the porn industry for several decades. The seeming embrace of the hard-charging, big-drinking culture behind Newcastle United may seem incongruous to a conservative and rigid country. Newcastle football club, newly bought by the Saudi Arabia regime have finally appointed their first manager, Eddie Howe on two-and-a-half-year deal to take over at St James' Park. © 2021 Guardian News & Media Limited or its affiliated companies. His critics, among them Amnesty International and Human Rights Watch, contend that the use of sports is a convenient mask for things the Kingdom wants people to forget about and that decisions like the Newcastle purchase are made with “sportswashing” in mind. He is worth an estimated $22bn (£16.2bn) and his ownership of the Abu Dhabi United Group saw him acquire Manchester City in 2008. Published Oct. 8, 2021 Updated Oct. 19, 2021. Parish, 56, led the 2010 bid to save Crystal Palace from liquidation, buying the club in a £3.5m deal from Lloyds Bank. The Premier League’s approval of the new owners and directors means 15 of its clubs are either owned or part-owned by overseas investors. An investment group led by the Public Investment Fund has completed the acquisition of 100% of Newcastle United . By The Associated Press. Wes Edens, 59, is an American private equity investor, who also owns the Milwaukee Bucks basketball team in the US. Tottenham outclassed Newcastle. Newcastle confirm Eddie Howe as their new manager in two and half year deal. He first put it up for sale amid a furious backlash from supporters in the wake of Kevin Keegan's departure as . $381M. Everton are interested in a January loan deal for Chelsea midfielder Ross Barkley with an option to buy, according to TEAMtalk. who have wealthy new owners but cannot buy any players until January, are second-bottom . But the association between a Premier League football team and a state seen as verging on pariah status by its many critics has more hurdles to jump before it can pass the public sniff test. The country also came under extreme criticism in 2018 for the murder and dismemberment of journalist and outspoken critic Jamal Khashoggi, and it's widely reported that the killing was personally approved by Salman.. He played an extraordinary 80 times across the levels (U16 . “The Premier League has now received legally binding assurances that the Kingdom of Saudi Arabia will not control Newcastle United Football Club.”. United have not won the Premier League since 2013 and have underperformed in recent years, with the Glazers facing further criticism for their bid to form a European Super League this year. . The defeat leaves Newcastle still in the relegation zone without an English Premier League win this season. Crystal Palace - Steve Parish, Joshua Harris and David S Blitzer. Sawiris, 60, is an Egyptian businessman with an estimated net worth of $9.2bn (£6.76bn). Levy has been chairman and co-owner of Tottenham since 2001, which makes him the longest-serving chairman in the Premier League. He bought Chelsea in 2003, which has seen the club win 18 major trophies since. It saw Newcastle earn a first point since Amanda Staveley's Saudi-backed consortium completed its takeover of the club and ensured Jones' debut in the dugout - after Steve Bruce was sacked on Wednesday - ended in a 1-1 draw. Brighton had taken the lead from the penalty spot halfway through the first half, with Leandro Trossard sending the goalkeeper the wrong way. Pic: AP, Manchester City's Kevin De Bruyne (left) celebrates a goal, Harry Kane shoots at goal at White Hart Lane, Arsenal's Emirates stadium in north London, Chairman Bill Kenwright and owner Farhad Moshiri (right), Wolves players celebrate during a match against Newcastle, Current Leicester chairman Aiyawatt Srivaddhanaprabha (right) and his father Vichai before his death in 2018, Tony Bloom is pictured at The Den in 2019, David Gold (left) and David Sullivan are pictured together in 2018, Aston Villa celebrate during a match against Spurs, Crystal Palace fans at Selhurst Park this season, Watford's Cucho Hernandez celebrates scoring against Aston Villa in August, Leeds score against Watford earlier this month, Jisheng Gao in the stands at St Mary's Stadium in 2017, Newcastle United celebrate with fans at St James' Park, Norwich City shareholders Delia Smith and Michael Wynn-Jones in the stands in 2019. Newcastle's next match will be after the international break- on October 17, 2022 when they host Tottenham at St. James' for what is sure to be a sold out crowd. He has been the chairman and co-owner since, investing in various aspects of the club. They made a number of big changes, including a new manager, chief executive and sporting director, on top of several player signings. Wolverhampton Wonderers - Fosun International. But its latest play – taking a majority stake in Newcastle United Football Club – is the kingdom’s boldest move yet, placing it firmly on the world’s sporting stage, and squarely in the crosshairs of its critics. It has seen the club win five major titles for the first time since 1968. 2019. Under the heir to the throne’s regime, embracing aspects of western culture that may have been frowned upon five years ago is no longer taboo. ET First Published: Oct. 7, 2021 at 11:08 p.m. Newcastle fans have welcomed the takeover, after 14 years under Sports Direct owner Mike Ashley brought a lack of investment, passion and success for the club. Enterprise value (equity plus net debt) based on current stadium deal (unless new stadium is pending), based on April 2, 2021 exchange rates. It led to a protracted legal fight that only ended this week when the Public Investment Fund offered assurances deemed sufficient by the Premier League that Saudi Crown Prince Mohammed bin Salman, and in turn the state, would not have any say in the team. English Premier League club Newcastle has been sold to Saudi Arabia's sovereign wealth fund after a protracted takeover and . The Saudis declared beIN illegal in 2017 as they launched a wider economic and diplomatic boycott of Qatar alongside the United Arab Emirates and Bahrain over accusations that Doha supports extremism. Should I cut them out of my $7 million estate? “Newcastle is like a magical, very beautiful, rough diamond,” Staveley said in a telephone interview. Newcastle United takeover confirmed as £305m deal with Saudi-backed consortium finalised. Information on Newcastle United tickets and hospitality services including, match tickets, season tickets, memberships, and match hospitality. Bloom has regularly seen the club through financial difficulties and invested £93m in its new Falmer Stadium. read. A Saudi-led consortium completed its takeover of Premier League club Newcastle United on Thursday despite warnings from Amnesty International that the deal . In recent years, Watford have had some promising results, reaching the FA Cup Final in 2019 and being promoted back to the Premier League last season having been relegated the one before. He has faced controversy in America for relocating the St Louis Rams from Missouri to Los Angeles, as well as his involvement in the now-shelved European Super League. Dig a little deeper and the motives are more primal – a Middle Eastern version of keeping up with the Joneses, a world where status is everything, is a key driver of the push to engage with global sport. The U.S. stock market suffers ugly Black Friday selloff. Newcastle United's controversial Saudi-led owners have set their sights on winning the Premier League and European trophies after completing their £300m takeover. Here Sky News looks at who owns all 20 clubs in the Premier League - and how controversial they are with fans. By Rob Harris The Associated Press. Riyadh will hope acquisition can not only improve kingdom’s image but also serve as a highly conspicuous display of wealth, Last modified on Fri 8 Oct 2021 00.28 EDT. Newcastle United's new owners are making their mark at St James' Park after completing their long-awaited £300million takeover earlier this month. The most recent bid collapsed last year amid legal battles. In all honesty, for much of the time since he bought the club in April 2007. 'Everything just felt right': Eddie Howe happy with Newcastle United manager job after Saudi Arabia-backed takeover, Four Premier League clubs to get 'safe standing' areas from January, Spurs appoint Antonio Conte: Former Chelsea boss replaces sacked Nuno Espirito Santo. “But it’s also a very worrying day for anyone who cares about the ownership of English football clubs and whether these great clubs are being used to sportswash human rights abuse. As Newcastle United is bought by a Saudi-led consortium, Sky News looks at who owns the 20 clubs currently in the Premier League and what fans think of them. Published October 7, 2021. Kroenke, 74, has an estimated net worth of $8.2bn (£6.03bn) and has had shares in Arsenal since 2007. Pic: AP, Liverpool players celebrate their Premier League win last year. Newcastle only had 25 per cent possession and could have lost had Benteke's 87th-minute header not been ruled out for a foul by Marc Guehi in the penalty area while the Belgian also hit both a . “In our assessment, this deal was always more about sportswashing than it was about football, with Saudi Arabia’s aggressive move into sport as a vehicle for image-management and PR plain for all to see.”. In order to keep your same standard of living the $50,812 can vary greatly - whether you buy or rent, require child care, or want to include taxes. “The piracy — those issues had been resolved,” Staveley said. Manchester United met Tottenham at the weekend. He died in a helicopter crash as the aircraft left the stadium for Luton Airport in October 2018 and was succeeded by his son. Newcastle United are expected to make a move for . Saudi Arabia has a successful national team and the English Premier League is the most popular of the European football competitions. Pic: AP. Before the pandemic, the balance sheet was not much better; the $47 million profit it made in 2019 . According to The Sunday Times rich list he has a net worth of £1.2bn. From heavyweight boxing to horse racing, from wrestling events to a grand prix; Saudi Arabia’s association with sport has become an integral, and contentious, part of its efforts to rebrand. Buy your Newcastle United tickets securely online and support the team in their battle to stay in the English Premier League. In . He has been embroiled in a number of disputes with fans, including one over a potential new badge for the club, which was later shelved. 01:17. Fans are not expecting Newcastle to buy Haaland or even players like Aubameyang, all they are expecting is an ownership group who cares about the club. PIF has bought 80% of the club — which is in the relegation zone after seven matches — with the wealthy British-based Reuben brothers and financier Amanda Staveley’s PCP Capital Partners owning the rest. Though the Colombian would provide some steel in midfield, he was and remains a walking yellow card. Effectively taken over by the Saudi Arabian state, the £300m deal is being welcomed by fans after Mike Ashley's 14-year reign resulted in a lack of investment and success for the club. Expectations on Tyneside are high for a huge injection of funding by the Saudi Arabian . So there is that separation.”. With no wins and only three points from seven games, the poor start to the season means the future of manager Steve Bruce will be assessed before the next game next week — at home to Tottenham on Oct. 17 — after an international break.
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