Saudi shake-up: How the Newcastle takeover will send shockwaves through football ...United Arab Emirates

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Saudi shake-up: How the Newcastle takeover will send shockwaves through football
With a Saudi-led consortium edging closer to a takeover of Newcastle United from Mike Ashley, there are serious questions as to how their arrival will alter the football landscape, not just in Britain but worldwide. A club the size of Newcastle United won’t come cheap, but the bid from the Saudi Public Investment Fund (PIF), led by “Britain’s most glamorous financier” Amanda Staveley, unsurprisingly has money in spades, even in the most uncertain economic time for decades. At a cost of some £300 million (US$370), the controversial buyout would spell not just a revolution on Tyneside, but also a shift around the soccer world with major

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