Newcastle United chairman Yasir Al-Rumayyan has revealed that he was “approached” by considered one of their Premier League rivals to purchase a 30% stake for £700m.
Mike Ashley’s time as proprietor of Newcastle United got here to an finish final October as a consortium headed up by the Public Funding Fund of Saudi Arabia (PIF) bought the membership for £350m.
The membership’s fortunes have improved following this takeover. Eddie Howe changed Steve Bruce and he guided Newcastle to a mid-table end within the Premier League.
The Magpies have additionally began this time period effectively as they sit seventh within the league after eight video games.
Howe has been backed by the brand new homeowners as previously two switch home windows, round £210m has been spent on signings.
Al-Rumayyan is the governor of the PIF and he has been named chairman of Newcastle. He has admitted that they may have ended up investing in one other membership, although.
Prior to purchasing Newcastle, Al-Rumayyan has claimed that they have been “approached” to take “30% of the possession” of a Premier League membership “for £700m”.
The Telegraph state that this membership is ‘believed to be Manchester United’. The Glazer household are their present homeowners and final month it was claimed that they might be keen to promote the membership for £3.75billion
Al-Rumayyan additionally steered that they “trying in Italy and France” for golf equipment to purchase:
“Once we checked out it, we checked out it from a monetary perspective,” Al-Rumayyan said through a podcast in Saudi Arabia.
“By the way in which, it wasn’t the primary provide we received concerning a soccer crew. We regarded in Italy, France and the UK as effectively.
“For instance, within the UK there was a crew that approached us on the idea that we take 30 per cent of the possession, and we don’t intrude in any respect when it comes to managing the membership, for £700m.”
He went onto insist that the Premier League was chosen as it’s “one of the best league on the earth”:
“Soccer, after all, is among the most vital sports activities there may be. Whether or not domestically (in Saudi) or overseas. It’s the primary sport on the earth,” he continued.
“And why the English Premier League? As a result of it’s one of the best league on the earth. No different league competes with it.
“There are 20 groups, three are relegated and three are promoted. The benefit of the Premier League is that any of the 20 groups can beat one of the best crew within the league.
“We purchased Newcastle, who supplied us 100 per cent of the possession. However Amanda Staveley and her husband, who received us the chance, instructed us, ‘We prefer it a lot, we wish to be with you’. That was good.
“Then got here the Reuben household who’re one of many greatest property buyers, saying that, ‘We wish to include you’, and these are one of many greatest buyers in Newcastle. I mentioned, ‘Excellent! Inform them to come back’. So now they [Amanda, her husband and Reubens] have pores and skin within the sport.
“We purchased the entire crew for £350m, as a substitute of solely having 30 per cent in one other crew for £700m.”
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