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Several English reports said today, Wednesday, that the acquisition of Newcastle United by the Saudi Public Investment Fund was back in the spotlight.
According to British newspaper The Sun, the acquisition of Newcastle by the Saudi Public Investment Fund is closer than ever after Saudi Arabia’s decision to lift the ban on Qatar’s beIN Sports channels.
The newspaper added that a decision should be made on whether to follow through with the acquisition of Newcastle Club by the Saudi Public Investment Fund next January, especially as the Saudis are being forced to remove all sites. of pirating sports channels.
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The investment group, which includes the Saudi Public Investment Fund, BCB Capital Partners and Robin Brothers, agreed in April 2020 to buy Newcastle from its current owner, Mike Ashley, for 300 million euros.
However, the buying process was subjected to many obstacles, before the investment group announced in August 2020 the failure of the acquisition of Newcastle.
And she explained in a statement that the delay in concluding the deal means that “the business deal between the investment group and the club owners has been invalidated and our investment offer cannot continue.” .
For her part, financial expert Amanda Stifley, who heads the investment group, said the decision to step down was “shocking” as the deal would have provided investment in the Newcastle area, and blamed the Premier League deal failed.
Source: agencies
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