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Tifo Football Podcast

Why Does Saudi Arabia Want To Buy Newcastle United?

Tifo Football Podcast

The Athletic

Football Transfers, Premier League, Soccer,, Champions League, Sports

4.61.5K Ratings

🗓️ 5 May 2020

⏱️ 45 minutes

🧾️ Download transcript

Summary

The PIF, Saudi Arabia's sovereign wealth fund, is on the cusp of a takeover of Newcastle United. In this episode, James Montague explains why Saudi Arabia, and its Crown Prince Mohammed bin Salman, wants to buy a Premier League football club. And - how should Newcastle supports respond?


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Transcript

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0:00.0

Hello and welcome to the TIFO football podcast. I'm Joe Devine and today I was delighted to be

0:08.2

joined by James Montague. Today's episode is a part two of our podcast from a couple of weeks ago

0:15.4

on the Newcastle takeover situation. Last time round, we talked about Mike Ashley and the hypothetical

0:21.7

situation with Newcastle's new owners, what we might expect to see from a club being taken over

0:27.0

by a, well, a fund with an awful lot of financial backing. Today's episode focuses on that fund

0:35.4

and the new potential owners. At the time of recording, the takeover

0:39.6

has not been completed. We are expecting it to go through, but we don't know exactly when. So today,

0:44.7

James Montague talked to me about Mohammed bin Salman, who is technically at the very top of the

0:49.8

PIF fund, Saudi Arabia's sovereign wealth fund, which is worth in the region of hundreds of

0:55.6

billions of dollars. We also talk a little bit about Amanda Stavely, the Dubai-based deal maker,

1:01.6

who will be taking 10% of Newcastle, along with her group PCP partners, and will probably be in

1:08.1

charge of the day-to-day running of the club. And finally, what this all means for Newcastle fans who have obviously been put in a very difficult, ethical conflict.

1:17.6

We released a video yesterday on the TIFO football YouTube channel, a 15-minute-long, epic mega, all about the history of Mohammed bin Salman and everything you need to know about

1:29.3

the prospective new owners of Newcastle United. So you can go and check that out. We recover some of

1:34.3

that territory in this podcast though, so it's not necessary to watch it if you haven't already.

1:38.8

And James also wrote a piece about why Mohammed bin Salman and the P.A.F. might like to buy

1:43.8

Newcastle United. That was released

1:45.9

on The Athletic over the weekend, and as part of it, it features an interview with Hittij T. J. Tenghis,

1:51.0

the fiancé of Jamal Khashoggi, the Saudi American journalist who was murdered in the Saudi

1:57.4

consulate in Istanbul a couple of years ago, and who is at the centre of this story.

2:03.0

So you can go and check that out. And to do so, if you're not a subscriber already, you can get a

2:07.6

90-day free trial by visiting theathletic.com.com.com.com. That's the numbers 9-0.

...

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