Wednesday briefing: PIF was ‘offered 30 per cent of Premier League club for £700 million’ before buying Newcastle
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The Athletic has reported that Saudi Arabia’s Public Investment Fund (PIF) was offered a 30 per cent stake in a Premier League club – believed to be Manchester United – for £700 million before buying Newcastle United.
Yasir Al-Rumayyan, the governor of PIF and Newcastle’s chairman, revealed that the North East club “wasn’t the first offer we got regarding a football team. We looked in Italy, France and the UK as well.”
Reports in early 2019 suggested Crown Prince Mohammed
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