The Saudi Public Investment Fund completed the acquisition of Newcastle United with a total wealth of £320bn, which also allowed Newcastle United to squeeze out Paris Saint-Germain and become the richest football club in the world. Newcastle United fans celebrate wildly outside the club, because Manchester City and Paris Saint-Germain will be what Newcastle United will look like in the future. So after the club announced the acquisition, Newcastle United fans celebrated outside St James' Park for almost the first team in Europe.
The Saudi Public Investment Fund, or PIF for short, is one of the richest public investment funds in the world, and according to British media reports, the public investment fund has as much as 320 billion pounds of funds, which is more than 10 times the wealth of mans city club owner Mansour! More than the total assets of the top ten clubs in football, it is the only club owner that can be counted in hundreds of billions of pounds. Of course, the successful acquisition of the Magpies also announces a major change in the future European football landscape, Newcastle United will not only have the strength to compete for the title at the Premier League level, but also become a strong contender for the title at the Champions League level, and the current Manchester City and Paris Saint-Germain are the future of Newcastle United.
In fact, the acquisition was almost completed before, but it was finally announced, but after completing some negotiations on the details of the previous disagreements, the Saudi Public Investment Fund completed the acquisition of Newcastle United, the oldest team in the history of the Premier League. In the Premier League, Manchester City has become a regular guest of the Premier League champions, of course, this is inseparable from Mansour's huge investment in the transfer market, and the continuous reinforcement every year, as well as Guardiola's adjustment of the team, is inextricably linked.
Al-Mansour is worth £23.2 billion, while the Wealth of the Saudi Public Investment Fund is £320 billion. For digital statistics, M stands for millions, while bn stands for billions. Players' transfer fees are measured in M, while club owners' wealth can be calculated in B. Mansour's wealth is £23.2bn, while the Saudi Public Investment Fund's is £320bn, so in terms of investment, while Newcastle United may not invest 10 times more than Manchester City, there is no doubt that in the future transfer market, players in the choice of local teams, in addition to Manchester City and Paris Saint-Germain, there is also the option of Newcastle United.
At the same time, in the ranking of the world's richest bosses, the Qatari consortium invested 220 bn in Paris Saint-Germain, so that Greater Paris in Ligue 1, is a state that no one can match, but with the addition of the Saudi Public Investment Fund, I believe that Newcastle United will achieve greater achievements in the future investment. Backed by the Saudi consortium Mansour can be said to be a small witch, for Newcastle United, the club also needs to strengthen the squad, which is no doubt, although the midfield has requirements in terms of reinforcements, but just like Manchester City, Newcastle United through continuous squad transformation, Newcastle United will become a big hit in the Premier League title in the future.
According to the Telegraph, Saudi arabia has two important plans for public investment funds, the first is to improve the club's youth academy, followed by the requirements in terms of performance, and the new boss hopes that Newcastle United can enter the Champions League in the future. It is believed that the Saudi Public Investment Fund is prepared, and hopes that through continuous changes, the future of Newcastle United can be completely changed, and through the continuous output of the team, the team can form a good development.