17 October 2021

Wealthy fund has purchased a club

Ten days ago Newcastle finally has been sold to a foreign Public investment fund. After all pre- agreements, approvals and shaking hands (at the end) one of the largest sovereign funds in the world from Saudi Arabia gave 358.4 million euros to now the former holder Mike Ashley who was their president for 14 years.
And just on 13 October came the news from the Italian media who has reported that the above consortium plans to buy another club, this time from Suning group. It is obvious that the Chinese company are having financial troubles to keep it alive, so they can receive nearly 1 billion euros for Inter, although this information has not yet been confirmed from either sides.


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