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Newcastle is close to closing its sale to a Saudi Arabian fund

Newcastle is close to closing its sale to a Saudi Arabian fund

Newcastle United is close to closing its sale to a Saudi Arabian fund after it has fixed the media rights problems that put the deal back a year and a half ago.

Public Investment Fund (PIF, for its acronym) is the fund that will provide a large part of the 300 million in which the operation is valued and has a close relationship with Saudi Arabia, which does not prevent it from being able to take over a Premier club League.

The Premier, however, did not give the green light to the operation in April last year due to piracy problems in the Saudi country with the operator BeIn Sports, one of the channels that owns the rights to the competition.

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With this problem solved, Newcastle owner Mike Ashley has a free hand to sell the club after fourteen years at the helm.

Despite much criticism of the operation, due to the fact that Saudi Arabia has been accused of committing crimes against human rights, as with the journalist Jamal Khashoggi, dismembered at the Saudi consulate in Istanbul, PIF is considered an independent entity of the state , so the Premier cannot back down the operation.

In addition, 93% of Newcastle fans have positioned themselves in favor of the sale, according to a survey, since they see this operation as a possibility of becoming a new Manchester City, seeing that the situation of the team at the moment is worrying . They are penultimate with three points in seven rounds. EFE (HN)

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