By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: Newcastle’s owners take control of Ronaldo’s club Al Nassr
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > Sports > Newcastle’s owners take control of Ronaldo’s club Al Nassr
Sports

Newcastle’s owners take control of Ronaldo’s club Al Nassr

new5nuke
Last updated: June 6, 2023 3:54 am
new5nuke
2 years ago
Share
SHARE

The Saudi Arabia Public Investment Fund (PIF), who are the majority owners of Newcastle United, have taken ownership of the Saudi Pro League’s four leading clubs.

This includes Cristiano Ronaldo’s Al Nassr and Al Ittihad, who are close to agreeing a deal to sign Karim Benzema.

The PIF has taken a 75% stake in each of Al Ittihad, Al Hilal, Al Ahli and Al Nassr, as part of Saudi Arabia’s so-called “Sports Clubs Investment and Privatization Project”.

The remaining 25% in each team will be transferred to non-profit foundations from the Saudi Ministry of Sport.

All Saudi clubs were previously “owned but not controlled” by the Ministry of Sport.

There are no such restrictions in Saudi Arabia, which enables the PIF to become majority shareholders in the four teams.

In a statement, the PIF tweeted that it will liaise with the Saudi Ministry of Sport to “work closely on all the necessary regulatory procedures.”

READ MORE  Europa League all-time leading scorers [Top eight]
Di Maria says the Copa Final was a dream come true.
Europa League: He committed stupid mistake, played sloppy passes – Peter Schmeichel slams Man Utd midfielder
UCL: Ten Hag ignores Onana’s apology after Man Utd’s 4-3 defeat to Bayern Munich
BREAKING: Ballon d’Or 2024: Rodri announced winner ahead of Vinicius Jr, Bellingham
#EPL: Bruno Fernandes cried when Tottenham move collapsed – Report
Share This Article
Facebook Email Print
Previous Article Vision Pro Apple’s $3,499 Vision Pro AR headset is finally here
Next Article Transfer: Messi’s father reveals club player wants to join
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • ‘Livid’ Tottenham star ready to join Real Madrid after Xabi Alonso demands – report
  • Frank Lampard ‘can’t go wrong’ as Coventry City braced for Premier League transfer blow
  • What Frank Lampard did to convince Kaine Kelser-Hayden to sign for Coventry City
  • Three killed after matatu collides with boda boda on Mwea-Embu Highway
  • Rodrygo’s Struggles: Just 23 Minutes in Madrid’s Last Three Matches

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?