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How much is the fortune and where does the money from the investment group that bought Newcastle come from?

Public Investment Fund 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 taking over a Premier club League.

Newcastle
Newcastle

A new rich man has arrived in the world of football. Newcastle is, as of Thursday, October 7, the richest club in the world. Or at least the club with the owner who has the greatest fortune. He is not a single person, but Arab capital is once again behind this excessive economic power.

To get an idea of the financial capacity of the PIF, the new owners of Newcaslte are eleven times more fortunate than the owner of Manchester City, Sheikh Mansour, who until now was the most successful owner of English football and by extension of world football. They have a fortune of 320 billion euros. Yasir Al-Rumayyan will be the club's executive president.

This change of command in the English club has the support of the fans of the English club, who took to the streets after learning of the departure of the former owner of Newcastle, Mike Ashley, after 14 years at the head of the club.

The operation has its lights and shadows. A year ago the Premier League already rejected this purchase due to piracy problems in the Saudi country with the operator BeIn Sports, one of the channels that owns the rights to the competition. Hence, there are some conditions such as the Premier's veto of the Royal Family.

With the winter market just around the corner and Newcastle in the penultimate position of the classification, the offices of half Europe tremble before the possible staging of the Saudi fortune and the assault on the great figures of the international scene.

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