Posted by Roblee on 8/10/2021, 5:31 pm, in reply to "Re: Newcastle"
The Saudi owner Mohammed bin Salman - the guy who ordered the torture and murder of journalist Jamal Khashoggi who criticised him - is the controller of the sovereign fund that now owns Newcastle. Yes , he is worth 320 billion dollars. Newcastle was purchased by him for about 305 million pounds. Pretty much chicken feed for him and his fund. But the intention is to get his name attached to legitimate businesses and sport to create a more positive image for himself and improve public perceptions of him. Football clubs tend not to make money so the profit motive is not really paramount - it's all about PR , enhancing his ego and strutting around on western/european stage pretending he is the good guy.