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Premier League: Saudi fund buys Newcastle for 330 million euros amid Amnesty Worldwide criticism

Premier League: Saudi fund buys Newcastle for 330 million euros amid Amnesty International criticism

The Premier gave the inexperienced mild to an operation that had acquired the assist of 93% of the staff’s followers, satisfied {that a} case just like the one which Manchester Metropolis is experiencing may be repeated

A Newcastle fan after the sale of the staff.LEE SMITHREUTERS

The Premier League authorised the acquisition of Newcastle by a Saudi fund, in line with an announcement. “The club was sold to the consortium with immediate effect,” says the textual content, specifying that the Premier “received guarantees that legally prohibit the Kingdom of Saudi Arabia from controlling the Newcastle United club.”

Newcastle, which was owned by Mike ashley for 14 years, it was thus acquired by a consortium that features the Saudi funding fund, PCP Capital Companions and the brothers David and Simon Reuben. “We are extremely proud to become the new owners of Newcastle, one of the most celebrated clubs in English football,” the governor of the Saudi fund, Yasir Al-Rumayyan, stated in an announcement. “We thank the Newcastle fans for their incredibly loyal support over the years and we are very excited to work with them,” he added.

The CEO of PCP Capital Companions, Amanda staveley, stated for his half that it’s “a long-term investment.” Based on British media, the supply would quantity to 300 million kilos (333 million euros).

Earlier than making the operation official, Amnesty Worldwide requested the Premier League to tighten the standards for buying a soccer membership in England. “Under Mohamed bin Salmon, the human rights situation in Saudi Arabia remains disastrous: government critics, women’s rights activists, Shiite activists and human rights defenders continue to be harassed and imprisoned, often after grossly unfair trials, “stated Amnista UK CEO, Sacha deshmukh.

“Instead of allowing people implicated in serious human rights violations to enter English football simply because their pockets are full,” the NGO requested “the Premier to change its (selection) criteria of the owners and directors” of its golf equipment.

93% of Newcastle followers have positioned themselves in favor of the sale, in line with a survey, since they see this operation as a chance of turning into a brand new Manchester Metropolis, seeing that the state of affairs of the staff for the time being is worrying, since who’re second to final with three factors in seven days

Reference from elmundo