Tag: newcastle united

The Distortion of Football Competitions: A Story of Dubious Investments

Commentary Football fans palpably celebrated when Newcastle United announced that Saudia Arabia’s Public Investment Fund (PIF) had purchased the club for a staggering £305 million ($419.7 million). The Premier League had approved the deal after receiving legally binding guarantees that the new Saudi Arabian owner would not control the club. Newcastle United is a club…


Distortions in the World Game: A Story of Dubious Investments

Commentary Football fans palpably celebrated when Newcastle United announced that Saudia Arabia’s Public Investment Fund (PIF) had purchased the club for a staggering £305 million ($419.7 million). The Premier League had approved the deal after receiving legally binding guarantees that the new Saudi Arabian owner would not control the club. Newcastle United is a club…