Saudi Arabia PIF not willing to pay £50m for Ryan Fraser - Would have helped NUFC
Saudi Arabia PIF not willing to pay £50m for Ryan Fraser – Would have helpedOn 7 October 2021, the Saudi Arabia PIF took a 80% stake in Newcastle United, with the Reuben family and Amanda Staveley the minority shareholders holding 10% each.
June 2023 then brought another major sporting initiative from the Saudi Arabia PIF / Saudi Vision 2030, as massive investment was announced in the domestic Saudi football league. As part of this massive development, the immediate move to massively lift the Saudi Pro League and especially these four selected clubs, would be that each of the four Saudi Arabia PIF owned clubs would target “A minimum of three internationally renowned players.”
Amongst those already signed up are Kante, Koulibaly, Neves and Firmino, with the likes of Fabinho and Henderson now expected to follow.
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