A nouveau riche has arrived in the world of soccer. Newcastle is, as of this Thursday, October 7, the richest club in the world. Or at least the club with the owner who has the greatest fortune. It is not a single person but the Arab capital is once again behind this excessive economic power. Public Investment Fund (PIF, for its acronym) is the fund that will provide a large part of the 300 million in which the operation is valued and has a close relationship with Saudi Arabia, which does not prevent it from being able to get a Premier club League.
To get an idea of the economic capacity of the PIF, the new owners of Newcastle have eleven times more fortune than the owner of Manchester City, Sheikh Mansour, who until now was the most fortunate owner of English football and by extension of the world soccer. They have a fortune of 320 billion euros. Yasir Al-Rumayyan will be the executive president of the club.
This change of command in the English club has the support of the fans of the English club, who took to the streets after learning of the departure of the former owner of Newcastle, Mike Ashley, after 14 years in charge of the club.
The operation has its lights and shadows. A year ago the Premier already rejected this purchase due to piracy problems in the Saudi country with the operator BeIn Sports, one of the channels that own the rights to the competition. Hence, there are some conditions such as the veto of the Premier to the Royal Family.
With the winter market just around the corner and Newcastle in the penultimate place in the table, the offices of half of Europe tremble at the possible staging of the Saudi fortune and the assault on the great figures of the scene international.
