Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Sony faces antitrust probe in Romania over PlayStation’s market dominance

    May 31, 2023

    Audio-Technica brings back the Sound Burger: a retro turntable for the modern age

    May 31, 2023

    Moolec Science Presents Third Quarter FY 2023 Business Update

    May 31, 2023
    Facebook Twitter Instagram
    Algeria News HubAlgeria News Hub
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Algeria News HubAlgeria News Hub
    Home » PIF to take over Newcastle United in $407 million deal
    Sports

    PIF to take over Newcastle United in $407 million deal

    October 7, 2021
    Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Email
    The Saudi Public Investment Fund (PIF) is in the final stages of a takeover of Newcastle United in a $407 million deal. The PIF will provide 80 percent of the SR1.52 billion deal to takeover Newcastle United, according to media reports. The remaining 10 percent will go to the property developers Simon and David Reuben and the final 10% going to Staveley’s PCP Capital Partners.
    PIF to take over Newcastle United in $407 million deal

    Approval from the Premier League could possibly come in the next 24 hours. The news will delight supporters of the club, after a recent survey of its supporters’ trust showed that 93 percent of its members were in favor of the takeover.

    One of the new board’s first tasks is likely to appoint a new manager to replace the massively disliked Steve Bruce. Although the former Manchester United centre-half has kept Newcastle in the top tier since succeeding the widely adored Rafael Benítez in July 2019, he is regarded as an Ashley puppet by large elements of the fan base and is still to oversee a league win after seven games this season. With his team currently second bottom, Bruce is almost certainly on borrowed time.
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email

    Related Posts

    Pele’s mausoleum: A heartfelt homage to a soccer superstar

    May 16, 2023

    Longchamp racecourse hosts UAE President’s Cup World Series opener

    May 14, 2023

    Rising star Haaland takes Football Writers’ Association Footballer of the Year honors

    May 13, 2023

    Scotland cause major upset in their Euro 2024 qualifier by defeating Spain 2-0

    March 28, 2023

    Italian football league Lega Serie A opens office in Abu Dhabi

    March 11, 2023

    Lionel Messi wins FIFA award for best player over Kylian Mbappe

    February 28, 2023
    Latest News
    News

    Sony faces antitrust probe in Romania over PlayStation’s market dominance

    May 31, 2023

    Sony, the console giant, is currently under investigation by Romania’s competition watchdog, the Romanian Competition…

    Audio-Technica brings back the Sound Burger: a retro turntable for the modern age

    May 31, 2023

    From crisis to catastrophe: China’s potential 65 million COVID cases per week by June

    May 30, 2023

    Twitter’s legal woes mount as former PR firm files lawsuit for unpaid invoices

    May 30, 2023

    Global stocks surge as US debt ceiling agreement brings relief

    May 29, 2023

    India’s mastery in space: ISRO’s successful launch of Cartosat-3 satellite

    May 29, 2023

    Global clean energy investment set to reach $1.7 trillion, overtaking oil production

    May 27, 2023

    European Investment Bank supports circular economy with €3.4 billion lending

    May 27, 2023
    © 2021 Algeria News Hub | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.