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Premier League club Newcastle bought by Saudi sovereign fund

London | Saudi Arabia’s sovereign wealth fund completed a buyout of Premier League club Newcastle United on Thursday (Friday AEDT), giving hope to fans dreaming of a first title in almost a century but concerning human rights activists that the kingdom had gained a foothold in the world’s richest soccer league.

Supporters descended on the club’s St James’ Park stadium, some chanting “we are Saudis, we do what we want” and others singing “we’ve got our club back” amid the promise of long-desired investment.

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AP

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    Original URL: https://www.afr.com/world/europe/premier-league-club-newcastle-bought-by-saudi-sovereign-fund-20211008-p58ybi