New owners do not have the experience to be 'hands on', would likely take a back seat. FMTNews Saudi
MANCHESTER: A bid by a Saudi Arabian state fund to secure ownership of Newcastle United is drawing scrutiny, but even if it succeeds it is unlikely that the petrodollars will transform the Premier League club into a powerhouse in the near future.
Saudi Arabia was internationally criticised after the 2018 murder of prominent Saudi journalist Jamal Khashoggi at the kingdom’s Istanbul consulate, the Yemen war and the detention of several women’s rights activists. Newcastle supporters, however, are mostly excited at the prospect of major investment in their team, which has not featured in the Champions League since 2004 and has not won the English title since 1927 or FA Cup since 1955, despite claiming one of the country’s largest fan bases.
Manchester City’s UAE owners have been closely involved in the major decision-making at the club with Khaldoon Al Mubarak chairman since September 2008 but that path may not be followed by the Saudis.
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