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The English Premier League has agreed to sell it to an Arab fund

Premier League

After two years of negotiations, it is finally official. The English Premier League has agreed to sell Newcastle for 360 million euros to the Saudi investment fund controlled by the crown prince.

Newcastle changes its owners after an agreement between the Arab Investment Fund and the Premier League.

UEFA

© GTNewcastle changes its owners after an agreement between the Arab Investment Fund and the Premier League.

two years after talks And pressure So as not to come true, the day has finally come that can change history Newcastle. Is that the historic English team was bought by Arab Investment FundAnd PIFIt is controlled by his crown prince. Thus, the club “Urracas” changes owners in the process of 360 million euros, as announced before Premier League.

Newcastle changed ownership after 14 years under Mike Ashley. Now, it is owned by one of the richest families in the world and has all the money to form a “super team” that will put it even among the favorites to win the Champions League in future editions.

The Premier League has announced the approval of the €360m sale of Newcastle by the Prince-led PIF Group. Mohamed bin Salman, next to BCB Capital Partners And RB Sports and Media. The news was confirmed on Thursday after Premier League lawyers worked in the final hours to approve the deal.

The news, despite everything that has already been said about the economic dominance that the “magpie” can exercise from now on, is causing controversy. AI He expressed his dissatisfaction with the possible sale of the club, in an attack against Saudi Arabia due to the accusations in human rights issues you have received. In addition, they noted that the purchase of such equipment is aimed at “money laundering in a sporting manner.”

Despite the accusations, the Premier League made sure all the terms of the agreement were true to announce the sale of one of its league’s historic clubs. Amanda Staveley, who signed the agreement two years ago, will become a non-executive director along with Robin brothers, who will also have a 10% stake.

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