New Castle: History of a great club between the glory of the past and the killers of Jamal Khashoggi….

Everyone is aware of the negotiations between the owners of the English club New Castle is the sovereign fund of the Saudi kingdom led by the famous crown prince of the Saudi throne Mr IBN SELMANE.

 

Indeed, the club of New Castle champion of England in four times and holder of six English Cups, faced with the financial challenges and the management constraints that it faces in recent years, the owners have decided to give up a share of the actions to a third party in order to inject significant liquidity which will undoubtedly help the team to rebuild its policy and renovate its bodies in order to return to national and continental competitions, since the key factor in the success of competitors is foreign investors, especially Arabs.

 

On top of that, the club and among the most famous teams in the north of England and have a good reputation in the European football world, its name is known in international football and it has groups in several countries around the world. world who support it under the name of The Toon Army and although the club has played in some seasons in the second division, the stadium fill rate was between 43,000 and 49,000 spectators, the thing that can only be achieved by Manchester United, Arsenal and Liverpool, teams which evolve in the big level and which face the big European calibers. And the club has a stadium with a capacity of 52,000 seats.

 

In general, is a good opportunity for investors who want to invest in the world of football, a sector which has generated a lot of money in recent years.

 

At this level, everything is going very well and research and negotiations are going very well with the interested parties until the appearance of an investor who has political power in the Middle East, the most productive oil in the world and contains the spiritual capital of Muslims, the son inheriting the throne of the Saudi kingdom Mr Ben Selmane ben Abdelaziz Al Saoud.

 

Indeed, the sovereign fund of the Kingdom has expressed its desire to acquire the club and has entered into very advanced negotiations with the English team, probably for the latter, is a high caliber investor and he has cash and will pay on the spot, of course, there are few who pay cash these days.

 

The subject is no longer sporting news but becomes a financial surprise that has shaken the money and financial markets in the London Stock Exchange.

 

The initial agreement is estimated at 400 million euros according to the Public Investment Fund (the financial arm of the Saudi state and the financial arrangement is provided by British financier Amanda Staveley who would put nearly 10% of her pocket. And this time owner Mike Ashley is ready to give in.

 

The controversy over this case was only political after the emergence of other nuisances having a bearing on the reputation of the Crown Prince with regard to human rights and the Yemen war.

The accusation fingers of the death of the political opponent, journalist Jamal Khashoggi in the consulate of his country in Turkey by a savage manner on October 02, 2018, the person who was invited by the ambassador for the renewal of his papers before which he finds himself in the hands of a special team sent by the Saudi kingdom and subsequently was assassinated and his corpse is still untraceable and the Saudi authorities have acknowledged that this is a mistake made by team agents. A subject which upset the international political world and its repercussions are still there.

These Constraints have prompted several stakeholders to intervene to stop any introduction of the Saudi princes into the English sports market. Among these speakers, there is Qatar who was able to take a judgment from the World Trade Organization regarding the violation of video and image rights during the 2018 World Cup as well as for all the competitions monopolized by Bein. Sport, a judgment which puts the leaders of the premier league to accept an investor who steals the rights of others.

 

Logically speaking this will be unacceptable since English law classifies crimes carried out abroad as crimes carried out in the territory and therefore their courts have the right to follow the accused persons and Bein sports demand that the sale be blocked and the leaders of the Premier League because the volume of Bein sports has a very important weight given that the two parties have an exclusive contract of three years and which amounts to 570 million euro, a very large value compared to the value of purchase of NEW Castle.

 

Bein Sport's letter sent to the Premier League

The danger of allowing the acquisition of a major Premier League club by the Saudi government cannot be ignored given the country's past and continued illegal actions and their direct impact on the business interests of the Premier League, its members. member clubs, its broadcast partners and football in general. As a long-time partner and major investor in the Premier League, we urge you to carefully consider all the consequences of such an act ’’ Yousef Al-Obaidly - CEO of Bein sport.

 

In the same context, Amnesty sent a letter to the Premier League and the content of this letter according to the media was '' All companies must guard against any possible link with human rights violations, and English football is no different. We're not saying who should end up leading Newcastle United, but unless the Premier League pulls over and seriously examines the human rights situation in Saudi Arabia, it risks becoming consenting to those trying to make up with it. sport their sad deeds ''.

 

Between money and ethics, the fate of NEW Castle will be determined. And Pending an agreement between New Castle, Ibn Selmane, Qatar and the premier league.