The Saudi owners of Newcastle United want to copy Manchester City’s successful ownership model in a way and buy more clubs around the world.
The Newcastle owners were certainly welcomed to the North East by the club’s fans when they took over from Mike Ashley in October last year.
Since joining the club, the new owners have sacked Steve Bruce, replaced him with Eddie Howe and signed Kieran Trippier and Chris Woods, as the team tries to save themselves from relegation.
However, the biggest moves are set to come in the future, and it’s not just in the form of signings, with Newcastle set to copy the City owners’ model.
According to the temperatureSaudi Arabia’s Public Investment Fund, which owns 80% of Newcastle, wants to add to its club portfolio, making the Premier League the “focal point” of their global sports teams.
Abu Dhabi United Group owners of the city started with the premier league champions, but have since invested in a total of 10 clubs around the world.
As well as Pep Guardiola’s side, they also have a 100% stake in Melbourne City, Australia, Montevideo City Torque, Uruguay, and Troyes, France.
They also have major investments in New York’s MLS, Belgium’s Lommel SK, India’s Mumbai FC, Spain’s Girona, China League One’s Sichuan Jiuniu and Japan’s Yokohama F. Marinos.
In addition to the men’s teams, the owners have also invested in women’s teams in Manchester, Melbourne, Troyes and Girona.
However, unlike City, the Times report says Newcastle owners could look outside of football for their club investment.
The country has previously controversially brought golf and tennis players to the country for annual tournaments, and has also hosted boxing events.
WWE has also done several shows from the Middle Eastern country and all of the sports that have visited have had their fair share of criticism due to Saudi Arabia’s human rights record.