The Premier League approved the Saudi Arabian Newcastle United takeover. The group comprises venture capital PCP Capital Partners, RB Sports and Media, and the Saudi Arabian Public Investment Fund.
According to a white label sportsbook report, PIF’s involvement in the soccer team takeover is controversial. However, the group has successfully shown that Saudi Arabia wouldn’t have control of the team. Also, it went through the strict directors and owners test of the Premier League.
All parties agreed with the changing of the team’s ownership. At present, the Premier League has the assurance from Saudi Arabia that it would not control Newcastle United in any way.
Newcastle United Takeover
According to pay per head reviews and news sites, Saudi Crown Prince Mohammed bin Salman chairs the PIF, a sovereign wealth fund. Its takeover of Newcastle underwent a lot of scrutinies because it came when people were critical about the nation’s human rights record. It included the murder of journalist Jamal Khashoggi.
The journalist’s fiancée said that it is a shame that they still don’t know where Jamal’s body is located. Also, she said that money is more vital than justice, as seen with the Newcastle takeover. However, fans of the team support the takeover.
The previous owner was unpopular among fans. They criticized Mike Ashley for not spending on the team. As a result, Newcastle sat near the bottom of the standings. Although fans favor the new owner, Amnesty International asked the Premier League to include human rights issues in their vetting process.
Amnesty International said that the Premier League should consider human rights issues before allowing PIF into English football. However, the league said that it was the PIF, not Saudi Arabia, under review.
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