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.
Photo Credit: © SUSA/Icon Sport / Iconsport
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(s) 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 North East 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 can not speak for PIF."
GOAL OF MONTH SHORTLIST INCLUDES WOLTEMADE’S BRILLIANT STRIKE
Newcastle's German star Leon Woltemade is nominated for Premier League Goal of the Month for his superb flick against Brighton. Vote now for the summer signing's improvised Amex finish.
Woltemade receives Goal of the Month nomination - Credit: Getty Images
Earlier this month, the Magpies fell 2-1 against Brighton, but the German international's incredible flick tied the score.
However, the summer acquisition, who has scored six goals for United since joining from Stuttgart in the summer, grabbed attention at the Amex Stadium with a superb improvised finish from Lewis Miley's low cross.
Antoine Semenyo and Justin Kluivert of Bournemouth, Zian Flemming and Loum Tchaouna of Burnley, Chelsea's Moises Caicedo, Aston Villa's Emi Buendia, and Mo Salah of Liverpool are also on the shortlist.
Supporters of the Magpies may cast their votes for Woltemade by visiting here, and voting will begin at 1 pm GMT on Thursday, October 30. The winner will be revealed on Friday, November 7th at 1 pm GMT.
HUGE LISANDRO MARTINEZ UPDATE EMERGES AS UNITED PREPARE FOR FOREST ENCOUNTER
Manchester United receive a major boost as Lisandro Martinez returns to first-team training. The Argentine defender has been out since February with a knee injury and is now closing in on a first-team return.
Martinez injury boost lifts United spirits ahead of Nottingham Forest trip - COURTESY/PHOTO
Lisandro Martinez returns to first-team training, giving Manchester United a significant conditioning boost ahead of their Premier League matchup against Nottingham Forest on Saturday.
Lisandro Martinez has returned to first-team training for Manchester United, giving them a significant fitness boost ahead of their Premier League matchup against Nottingham Forest on Saturday.
Due to a serious knee injury sustained during a Premier League match against Crystal Palace, the Argentina international has not played for the 20-time English champions since early February.
However, Martinez has been speeding up his recuperation in recent weeks, and on Wednesday, the former Ajax centre-back was allowed to rejoin his teammates for training.
It is extremely doubtful that Martinez will play for Man United when they travel to Forest on Saturday, but the 27-year-old might return to the team for the match against Tottenham Hotspur on November 9.
Lisandro Martinez of Manchester United resumes training with the first team.
According to Man United head coach Ruben Amorim, "He’s feeling fine," last week. "I do not want to mention a single day or week because the knee is doing so wonderfully.
"I am not sure, but the team's training is about to begin. After that, Licha's rhythm will determine whether he places or not, but he is closer to starting training again.
The Red Devils will not be taking any chances with the Argentine because of the severity of the injury, and his return may be postponed until after the international break in November.
Luke Shaw's place in the starting lineup is now seriously threatened; therefore, Martinez's return is a significant boost for the 20-time English champions. Martinez is an expert in the left-sided role in the back three.
After joining Old Trafford from Ajax in the summer of 2022, the South American has made 91 appearances for the Red Devils, tallying three goals and three assists.