Saudi Arabia's sovereign wealth fund in talks to acquire Newcastle
27 January 2020
The Public Investment Fund, chaired by Saudi Arabia's crown prince, is in talks to buy the club for around £340 million.
Together with a group of investors organised by British financier Amanda Staveley, the deal could be finalised in weeks, perhaps even days, but it could also still fall apart.
However, the deal is inconsistent with the Saudi government's strategy to date, according to Professor Simon Chadwick, who remains unconvinced that there is any deal to speak of.
Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), is in talks to acquire Newcastle for around £340 million, according to several local and international media reports.
PIF is chaired by Saudi Arabia's crown prince, Mohammad bin Salman, and is seen by some critics as a key instrument used by the kingdom to increase its legitimacy and divert attention from its alleged human rights abuses.
I find it hard to believe that the Saudi Arabian government is involved
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