Newcastle United-Saudi PIF pick up bad business for Premier League
Newcastle United have been sold to consortium that highlights Saudi Public Investment Fund (PIF)
It was something that had been in the works for some time. The public investment fund should create a better existence for ordinary people in Saudi Arabia instead of buying foreign football teams to inflate the wealth of the fund while people keep waiting without domestic innovation.
Newcastle supporters have wanted Mike Ashley to sell the team for a long time. While some people gloat and see it as a good thing, it is not just what we see.
But now something has happened. More precisely, it happened and there is nothing to be done, despite protests from other Premier League clubs. These clubs are upset for a multitude of reasons including the huge amount of money that will be paid to Newcastle. They will also be upset that a nation with allegations of human rights violations now controls a historic team like Newcastle United.
Mike Ashley has his money and would now be eyeing Derby County as the next casualty, for the Premier League it’s a bad deal on a scale FIFA should hardly take.
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No team wants to lose and no team wants to struggle while the teams around them build, grow and succeed. Newcastle are no exception and this unfortunate playing pattern has taken its toll among fans. They want to win and in modern football petrodollars remain as effective a means as any to ensure the relevance of a team.
Manchester City and PSG are two examples of teams that have taken the oil money wave to huge heights and look set to keep growing even further.
Sheikh Mansour of the United Arab Emirates (UAE) and Nasser Al-Khelaifi of Qatar have used the resources of entire nations to fund the rise of their two clubs, and now Crown Prince Mohammad Bin Salman Al Saud essentially controls Newcastle United, after have only settled the controversy which saw Saudi Arabia accused of helping hack televised football matches with beIn Sports banned from the country.
This hacking offense is ranked at the bottom of all allegations, which includes horrific human rights violations against his own country as well as the murder of former Washington Post reporter Jamaal Khashoggi. It is inconceivable that any amount of money could be enough when he takes ownership of the team after the purchase is complete.
Yet the English FA, the Premier League, anyone who has had to sanction the company, apparently endorsed it when Mike Ashley got his proverbial ducks in a row. He wasn’t disgusted enough with the human rights violations in Saudi Arabia to seemingly care as long as he was making a lot of money selling the team.
He should not be allowed to buy Derby County because he has lined his pockets with money from despots and tyrants. He did it while injuring Newcastle United, although their fans probably don’t see it that way, as well as the integrity of the Premier League and football in general as positive forces in a world like the one we are in. let’s live.
Newcastle will improve, there is no doubt about it. They will hire Antonio Conte or someone huge, spend a lot of money singing famous players, renovate and redo their facilities and stadium and become a power to be reckoned with in England and Europe. Things will feel good for the casual observer, but everything will have been purchased with little to no human suffering wit.
Newcastle United will become formidable as the very people whose team state funds the team face many political, religious, cultural and social repressions. The success of a team and fan base grows as unnecessary suffering exists across Saudi Arabia as tyrants spend capital on what the great Roman satirist Juvenal would have called “bread and circus ( s) “
While money covers up and wipes out human rights crimes, there is nothing but aid and innovation to wipe out what these people in Saudi Arabia are suffering from because of their plight.
In the case of Newcastle, all of this has apparently been forgotten and the UK government doesn’t seem to care much anyway. Everyone will have to live with this now with a lot of gripes to make.
Mike Ashley deserves a lot but he is nothing more than a greedy businessman whose prerogative is to maximize profit so that is to be expected. The English FA and the Premier League also deserve the blame as they let it all unfold and accepted MbS as someone they imagine they can work with despite the atrocities he allegedly committed.
Even Newcastle fans deserve to be blamed. Some pushbacks might not have changed much, but it would have shown some character like when fans of the “Super League” team protested, marched and chanted in the wake of this saga. Instead, the well-known human rights violations in Saudi Arabia have been largely ignored from fans to analysts and anyone in between.
This is not an ordinary club sale, but the sale of a club to vulgar people who have the money and the power to buy themselves in the good graces of a capitalist society. For football in general, this sale is a bad deal and undermines the spirit of fairness and equality in sport. Some things are more important than money, and yet for some, money remains the most important thing, no matter the human or moral cost.