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Saudi Arabia has the world's second largest oil reserves, so, if the deal goes through, Newcastle United will become the richest club in the world overnight. But who exactly are Newcastle's new owners? And why is this bid so controversial? This video explores the world of Crown Prince Mohammed bin Salman, the British-born broker Amanda Staveley, and the PIF, Saudi Arabia's sovereign wealth fund.
A bid by a Saudi Arabian state fund to secure ownership of Newcastle United is drawing scrutiny...
A group fronted by British financier Amanda Staveley, with an expected 80% investment from the Saudi sovereign wealth fund PIF and 10 percent involvement from billionaire brothers David and Simon Reuben, have made a £300million bid to buy the club from British businessman Mike Ashley.
How much will Saudi Arabia be able to spend on Newcastle?
Many observers believe Saudi involvement is aimed at improving the country’s influence and image outside of its borders but current circumstances may limit their ambitions
www.independent.co.uk
Sportswashing and the tangled web of Europe's biggest clubs
Governments wield power over many Champions League clubs and the ties that bind owners, sponsors and Uefa are striking
www.theguardian.com