The redemption proposal would be approximately 333 million euros according to the English media. The announcement was particularly well received by the Newcastle supporters gathered in front of the club stage.
Le Monde with AFP
The first English football League approved, Thursday, October 7, the redemption of the Newcastle club by a Saudi fund, she announced in a communiqué . “The club is sold to the Consortium with immediate effect,” says the text, where it is also emphasized that the Premier League has “received legally binding guarantees that the Kingdom of Saudi Arabia will not control the Newcastle United Club.” / p>
Newcastle, which was held by the British billionaire Mike Ashley for fourteen years, is thus redeemed by a consortium including the Saudi PCP Capital Partners and the Brothers David and Simon Reuben. “We are extremely proud to become the new owners of Newcastle United, one of the most famous English football clubs,” said the governor of the Saudi Fund, Yasir al-Rumayyan.
“We thank Newcastle fans for their support for incredible loyalty for years and are very enthusiastic about working with them,” he added. The CAPP Capital Partners, Amanda Staveley, stressed that it was a “long-term investment”.
It’s Gone Off Again at St James’ Park https://t.co/w1yk6hgbalme//p>- Joshhalliday (@Josh Halliday)
The transaction would amount to 300 million pounds (about 333 million euros) according to the English media. It has been particularly well received by the English club supporters, giving to see clanse scenes in front of the Newcastle United stadium.
Tentative of redemption failed in the summer 2020
Before the redemption officialization, Amnesty International had called the Premier League to cure the criteria to acquire a football club in England. “Under Mohammed Ben Salman, the human rights situation in Saudi Arabia remains disastrous – government critics, women’s rights activists, Shiite militants and human rights defenders are always harassed and imprisoned, Often at the end of obviously unfair trial, “said Amnesty UK, Sacha Deshmukh.
“Instead of enabling people involved in serious human rights violations to enter English football simply because they have full pockets,” the NGO has “urged the Premier League to Change its [selection] criteria for owners and directors “of its clubs.
An attempt to buy Newcastle by the Saudis had already failed in the summer of 2020, particularly because of the personality of Prince Heir Mohammed Ben Salman. The latter was appointed by Turkish and American officials as the Assassination Sponsor in October 2018 Journalist Jamal Khashoggi, killed at the Saudi Consulate in Istanbul. “MBS” later told assume, as a leader, the responsibility of the murder, denied, however, having been aware of it before it is committed.
A second forehead had opened when the Qatarie Bein Sports chain had accused the Saudi Arabia from being behind Beoutq, a piracy system of sports images. The decision of Saudi Arabia to authorize the dissemination of Bein Sports on its territory has opened the road to the settlement of a long-standing dispute between the two Gulf countries and revived this newcastle redemption project.