Revealed: PiF plan to interest Newcastle United fans before takeover

0
90


The Saudi Arabian Public Investment Fund, which will take an 80% stake in Newcastle United as part of the proposed takeover through Premier League controls, is also seeking to acquire top-flight Brazilian club Botafogo.

This is the claim of Ricardo Rotenberg, who is part of the club’s executive committee and believes that an agreement to buy the Rio-based club could even be concluded by the end of the year.

Rotenberg spoke with Canal do TF this week and confirmed that PiF was interested in buying the club and that discussions had taken place.

“We spoke to people interested in buying Newcastle and Bordeaux. There was a group that was very interested, “he confirmed, before saying that the coronavirus pandemic had delayed talks to join the club.

“If we can get back to normal in July, I think there is a very good chance that in December (we will be caught). “

The news certainly excited fans, some of whom are now hijacking Tweets from the PiF Twitter account as well as Newcastle fans who are in desperate need of news.

Indeed, provided that the United takeover gets the green light from the Premier League authorities (which the buyers hope to be this week), Magpies fans will be watching with interest. Although we are far from the same scenario that takes place here, the owners of Manchester City have established a network of clubs around the world as part of their city group and owning several football clubs would certainly be an interesting prospect.

Discussions with clubs in Brazil and England suggest that the PiF is willing to increase its interest in football as part of expanding leisure investments, which has enabled it to purchase a stake in LiveNation and also bid for part of Warner Brothers. Botafogo – who plays in black and white – says other groups are interested.

United fans are hoping to hear of the recovery with buyer sources hoping for further progress. The Premier League is working on a defined legal framework to ensure that any decision is completely watertight. (MARYLAND)



Yasir al-Rumayyan, President of Saudi Aramco, speaks during a press conference in eastern Saudi Arabia in Dhahran on November 3, 2019
Yasir al-Rumayyan, President of Saudi Aramco, speaks at a press conference in eastern Saudi Arabia in Dhahran on November 3, 2019

*****

The camp of Massimiliano Allegri insists that the interest of the potential new owners of Newcastle United is only a rumor.

The former Juventus boss learned English while on sabbatical and originally hoped to return to management this summer before the coronavirus pandemic resulted in the suspension of leagues and competitions across the continent.

While admiring figures from afar, Newcastle’s potential new owners – Amanda Staveley, the Saudi Arabian Public Investment Fund, and the Reuben Brothers – are not expected to have an official list of potential managers in place to effect change. immediate.

Indeed, the consortium may well entrust Steve Bruce with the last nine games of the season if their takeover gets the go-ahead from the Premier League and Project Restart breaks away to allow high-level football to resume.

Mauricio Pochettino, Rafa Benitez and Allegri are just a few of the big names who have been touted for a possible long-term date, but the Italian side does not take these ties too much into account.

“There isn’t even a” Newcastle “right now. Who should operate? The original owner? The Saudis or the new American? Just rumors, “a source close to the 52-year-old told ChronicleLive.

Allegri, who has won 14 manager trophies, including six Serie A titles, has never worked outside his home country. (CK)



Massimiliano Allegri, Juventus coach speaks to the media during the Juventus press conference at the Estadio Santiago Bernabeu on April 10, 2018 in Madrid, Spain.
Massimiliano Allegri, Juventus coach speaks to the media during the Juventus press conference at the Estadio Santiago Bernabeu on April 10, 2018 in Madrid, Spain.

*****

Billionaire Reuben Brothers is set to become 10% of Newcastle United shareholders as soon as the club’s £ 300m takeover is completed – but little is known about their intentions.

The David brothers, 81, and Simon, 79, are both billionaires in commercial, residential and office properties. They already have extensive interests in Newcastle, including ownership of the race track, but own high-end properties in New York and London.

But the ownership of part of the club is led by his son Jamie, who is a Newcastle fan. It is understood that this, along with the ability to use the club profile to help invest in real estate in the city, persuaded them to seek an interest in the agreement.

Mark Shipman of Michael Elliott, a commercial real estate investment advisor, was quoted in a Bloomberg article on potential interest and believes they are looking to use the football club to “expand” their commitment to the city.

“Newcastle has a huge fan base and a stadium and 300 million pounds is not a lot of money for such an asset,” he said.

“They already have a strong commitment to the city of Newcastle through their real estate and racing interests and they see this as an expansion of their leisure interests. “(MARYLAND)

LEAVE A REPLY

Please enter your comment!
Please enter your name here