SAUDI OWNERS ADDRESS NEWCASTLE SALE RUMOURS TO BUY UTD
Saudi Arabia's PIF has reportedly not ruled out selling Newcastle United to fund a takeover of Manchester United, despite Premier League rules prohibiting multi-club ownership.
The Public Investment Fund (PIF) of Saudi Arabia has stated unequivocally that it may sell Newcastle to finance the acquisition of Manchester United.
In October 2021, PIF, under the leadership of its governor Yasir Al-Rumayyan, acquired an 80 per cent majority share in Newcastle.
In contrast, the Glazer family put United up for sale in October 2022 after evaluating "all strategic choices for the future of the club".
Sheikh Jassim, a billionaire from Qatar, had indicated interest in buying the club altogether, but the Glazers ultimately agreed to sell Sir Jim Ratcliffe and INEOS 25% of their shares.
The arrangement, which was finalised in December 2023, has a number of important provisions, including a "drag-along" clause that might compel Ratcliffe to sell his shares after 18 months.
If the Glazers decided to sell the club to someone else, they would have to pay the British billionaire £26 per share, which he now controls in the region of 50 million shares.
Saudi boxing chairman Turki Alalshikh made the shocking assertion on Twitter on Wednesday night that United is "currently in an advanced stage of completing a contract to sell to a new investor."
Alalshikh's remarks are untrue, according to many United-affiliated individuals who spoke to BBC Sport, but they left supporters perplexed as to why the statement was made in the first place.
The Old Trafford teams are negotiating to play a midseason friendly in Saudi Arabia during the Riyadh Season, according to a report from The Athletic last week.
Although Alalshikh's responsibilities as Saudi Arabia's Global Entertainment Authority go beyond boxing, and he recently negotiated a deal with WWE for the Gulf Kingdom to host WrestleMania, the story made no mention of his involvement in those discussions.
There would be many obstacles to overcome if Saudi Arabia did show a genuine interest in acquiring United.
According to BBC Sport, Saudi Arabia's prospects of passing the Premier League's Owners and Directors' Test "seem doubtful", even if the people running Newcastle and United were distinct. This is because English football prohibits multi-club ownership by the same company.
In any case, it seems that the Saudis are not really eager to "dump" Newcastle.
Journalist Ben Jacobs stated in December 2022 that there was "no likelihood" of such occurring because PIF was totally focused on Newcastle.
In March 2023, Amanda Staveley, a former Newcastle chief executive who was a member of the PIF-led consortium that acquired the Magpies, told the Financial Times Football Summit (via Sky Sports): "We were very clear that we wanted a club with a passionate fanbase." Al-Rumayyan rarely discusses the Northeast club in public. We have that.
Because we [Staveley and husband Mehrdad Ghoudoussi] are also PIF partners, we also wanted a club that we could purchase at a reasonable price.
"We did not choose Liverpool, Chelsea, or the fantastic Tottenham. I am a huge Liverpool supporter, and we attempted to purchase them, but we decided to pay £350 million instead of X billion when we went to a Newcastle game.
"No, I do not think so [about PIF joining United or Liverpool]. "I truly do not see that occurring, but I cannot speak for PIF."
EDDIE HOWE SHUTS DOWN SANDRO TONALI ARSENAL LINKS AS NEWCASTLE STAY FIRM
Eddie Howe speaks out on Sandro Tonali's future at Newcastle United following intense transfer links with Arsenal this window.
Sandro Tonali looks happy at Newcastle, no matter what the transfer deadline rumours tried to stir up. For a little while, talk of him heading to Arsenal got loud enough that Eddie Howe felt the need to step in and set things straight. Newcastle’s manager didn’t dance around it—Tonali’s settled, involved, and locked in. Sure, coaches can’t always kill off all the outside noise, but Howe wanted everyone to know where things stood.
After those stories started swirling, Howe went straight to Tonali for a chat. He gets how fast these things can spiral. Newcastle fans have seen enough drawn-out sagas to know what uncertainty feels like, and nobody wants to go through that again.
Someone asked Howe if he thought there was more behind the rumours. He shrugged it off: “I don’t think so. That would surprise me. But there’s always stuff happening I don’t know about. As far as I see it, we’ve got a top player and a great person on our hands.”
Tonali means more to Newcastle than just his price tag or contract. They brought him in for £55 million, and he’s signed on until 2029, with an extra year option. He’s a key part of their plans, both on the pitch and on the books. Naturally, that kind of player gets attention—especially since Europe isn’t exactly overflowing with elite midfielders.
But Howe really wanted to highlight the human side of it all. “Sandro’s very happy here. He gets on well with everyone, and you can see he’s in a good place. I honestly don’t see a problem. Of course, I can’t control everything. If I knew where all these rumours came from, I’d be smarter. But Sandro’s totally fine. We talked yesterday. He’s focused on what we’re doing right now.”
He wasn’t done: “There’s no issue with Sandro. He’s happy and committed. But let’s be real—our best players are always going to turn heads elsewhere. That’s just football.”
As for the transfer window, Premier League spending rules kept Newcastle’s hands tied. Howe didn’t sugarcoat it: “Financially it wasn’t possible. We’re under restrictions and had hardly any money to use this window, so we’ll wait for the summer when the market opens up and maybe we’ll get better value.”
He admitted the squad’s still a bit lopsided, especially at the back, but he’s convinced that a healthy squad changes things.
For now, Newcastle’s just focused on the essentials. Keeping Tonali happy and at the heart of things matters way more than the latest gossip. His happiness is reassuring for the moment, but as Howe pointed out, nobody really gets to control everything in football these days.
EDDIE HOWE CONFIRMS BRUNO GUIMARAES AND LEWIS MILEY OUT VS CITY
Newcastle face a midfield crisis as Bruno and Miley are ruled out of the Carabao Cup semi-final at Manchester City. Get updates.
Eddie Howe has given the latest on Lewis Miley, Bruno Guimaraes, and Sven Botman as Newcastle United get ready for Wednesday’s Carabao Cup semi-final at Manchester City.
It’s another tough night ahead for Newcastle. They’re already two goals down after losing the first leg at St James’ Park, and now they’re missing even more key players. That third Carabao Cup final in four seasons is starting to look like a big ask.
Honestly, the stats aren’t great. Newcastle haven’t scored—let alone won—at Man City since Howe took charge. Their only win at the Etihad came way back in 2014, when Rolando Aarons and Moussa Sissoko got the goals in a 2-0 victory. Seems like a lifetime ago.
Injuries keep piling up. Tino Livramento, Joelinton, Fabian Schar, and Emil Krafth are all out. Bruno Guimaraes sat out the 4-1 loss at Liverpool with an ankle problem, and both Lewis Miley and Sven Botman stayed on the bench as unused subs.
After that Liverpool game, Howe explained the situation. “Sven had a tight thigh, and the advice was not to use him. That’s why he and Lewy were on the bench—we wanted to give them every chance to be fit. Sometimes, you hope something changes in the warm-up, but with such a quick turnaround, you just don’t have time to get all the info you need,” he said.
“With Lewy, he just couldn’t bend his knee enough to be fit.”
Asked about the chances of players returning against Manchester City, Howe said, “Probably our best bets are Sven and Lewy since they were on the bench at Liverpool. For Bruno, I’m not sure—there’s a chance, but the others are definitely out.”
But just before the City game, Howe gave another update. Turns out, both Bruno and Miley are out for this one. “Yeah, Bruno’s doing well, but I don’t think he’ll make this game—maybe the weekend. Sven Botman is okay, but I’m not sure about Lewy either.”