Nevertheless, St. James Park scenes were observed in October at the Stadium St. James Park. Thousands of fans celebrated the acquisition of their club through a consortium with Saudi participation.
In the table-top last you suddenly dream of title. Everything else is hidden.
concern about PIF swashing
But the Newcastle acquisition is about more than football and finance, namely image, economic and power policy Saudi Arabia. Its crown prince and tactic rulers, Mohammed bin Salman, builds the kingdom vigorously. He wants to make the domestic economy independent of the oil and uses mainly the public investment funds (PIF). Newest access in the portfolio is Newcastle United. The PIF holds a majority share of 80 percent.
Chairman of the PIF is the Crown Prince itself, which is strongly in criticism internationally because of the human rights situation in the country. The chairman of Amnesty International UK, Sacha Desshnukh, tells you worried, how our football clubs are used for PIF swashing. As PIF swashing, attempts are attempted to polish his own image through the PIF and obscure abuses.
Cleans the league, everything will be fine
Although it is said from Newcastle to consider the fund separated from the state, which made the takeover from the point of view of the Premier League after months — and according to reports highly complicated — talks only possible. But funds and state are inextricably linked. The PIF is one of the most important means for Kronprinz Mohammed to consolidate its power in the country and internationally.
Criticism of the acquisition shows Newcastle s fans with a simple argument: If the Premier League agrees, everything must have his order. However, the league had to listen to sharp criticism of all pages for the step. According to media reports from 16 November, the chairman Gary Hoffman was therefore prior to resignation.
Passion for football is not known
The assurances on an alleged separation from the Saudi State is also considered at Amnesty for waste. On St James Park is now just about image management for Kronprinz Mohammed and his family, says Deshmukh. By the way, the crown prince would have a passion for football or Newcastle United is not known.
Rather, he probably deals to his neighbor, Qatar and the United Arab Emirates. Already in 2008, Prince Manner Bin Sajid Al-Hasan, Vice-Premier of the Emirates and High-Level Member of the Rive sty Family, Abu Dhabi United Group is the Association Manchester City. A subsidiary of the State Fund from Qatar bought in 2011 Paris Saint-Germain. The grip to Newcastle may also spring the desire to finally approach with these golf neighbors. Your betting is also held on the European football stage.
PIF as a secure valve for the population
Great investments in PIFs are also a means of strengthening the support in their own population for the golf countries, which are partly too large parts of migrants. Young Katie celebrated about the FC Barcelona, as whose jersey sponsor was called Qatar Airways, Golf expert writes Ethan Kayas. In politically conservative companies, PIF also applies as a relatively secure public entertainment valve. In addition to football, the golf countries strive for large competitions approximately in racing, boxing or tennis.
The very big litter in PIFs, the alignment of a football World Cup, is Saudi Arabia — unlike Qatar — has not yet succeeded. However, the acquisition of Newcastle s could have already been worth the construction of a new airline, according to Saudi Arabia reportedly plans. This could become a jersey sponsor for the club that would bear the name of TV transfers in millions of households — just as the Emigration neighbors, the players of Manchester City put the logo of the state airline Etihad Airways on the chest.
Newcastle United the richest club in the world
Not coincidental, City was in addition to Newcastle the only club of the league, which voted against a restriction of sponsoring contracts, if sponsors have to proximity to the club holder. The other 18 Premier League clubs set this rule temporarily thoroughly, but want to achieve that it is permanent.
There are probably last attempts to brake the threatening rise of a new football superpower. According to matching media reports, the PIF is surrounded by around 830 billion euros (700 billion pounds) hard, which Newcastle United makes the richest football club in the world. So far, the MAN CITY with comparatively tiny 27 billion euros was.
But before the Newcastle fans in St James Park can cheer for decades, the new coach Eddie Howe must first create the league. Currently, the Magpies separate five points from a non-absorbance. On Saturday, Howe in the home game against promoted FC Brent ford gives his debut on the sideline. He did not want to talk about political aspects. My focus is the football, Howe said. That s all, what I m talking about.