According to The Times, while the British government has made supportive noises about the £300 million bid of Saudi Arabia’s Public Investment Fund to buy Newcastle United, it has insisted that it cannot be involved in the Premier League’s vetting process of the takeover in a leaked letter.
A campaign group, just like Amnesty International and beIN Sports, has called for the Magpies takeover bid by the Saudis to be rejected, and that has prompted the government to react thus:
“There is no government role in this [Premier League] process. The UK government supports Saudi Arabia’s continued diversification efforts under its Vision 2030 strategy.
“Saudi Arabia’s investments through its PIF form part of these efforts. The PIF invests in many sectors internationally, with their potential stake in the ownership of Newcastle United FC part of this wider investment.”
The letter from the Department of Digital, Culture, Media and Sport has got Newcastle fans excited as it clearly states that the UK government supports the PIF’s efforts to boost their economy.
While it won’t interfere, the government definitely would love to see the Magpies takeover go through for so many reasons, and here is how some of the St. James’ Park faithful have reacted to the leaked letter on Twitter:
This is a very positive sign. #nufc
— The Clocktoys (@clocktoys) June 12, 2020
Boris is a geordie