The Saudi Arabia Public Investment Fund (PIF) are expected to make an official bid to take over Newcastle United for £300m.
This comes after all forms of Premier League matches piracy was removed following the lifting of a ban on BeIn Sports in the Gulf Country.
Newcastle United were set to be taken over by the Public Investment Fund – owned by the Crown Prince of Saudi Arabia Mohammed bin Salman – last year before the piracy issue stalled it.
Now that it’s been resolved, the Saudi Arabian group are expected to make a huge bid of £300m to buy the club from current owner Mike Ashley.
The Public Investment Fund is Saudi Arabia’s sovereign wealth fund with a value of $500bn (£368bn), which is why Newcastle fans are excited about a takeover going through.
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