The Saudi Minister of Finance insists, that their connection with Newcastle United can only be good for the Premier League competition.
Mohammed Al-Jadaan also speaks, that it will “many opportunities for sponsors” Nevertheless, that Leading League clubs voted on Monday for a temporary freeze on business with companies associated with their owners.
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Saudi Arabian Investment Fund (BIP) 300 million pound takeover Magpies has met with widespread concern for human rights groups and other Leading League clubs, Ale Al-Jadaan I will see, that it is "good for the whole football community", that there is another "serious competitor" to the English crown.
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“This is a PIF investment and basically, as they said, they invest in the club, but also the community, the academy and the stadium itself,” he said. CNBC. "This is one of many investments.
“I do not know the technical details of the association in the United Kingdom. But I would say, that if people are afraid of competition between clubs, and especially now, when we invested in one of them, when we invested in one of them, when we invested in one of them.
“when we invested in one of them, when we invested in one of them, when we invested in one of them. when we invested in one of them, when we invested in one of them”
when we invested in one of them 18 when we invested in one of them, when we invested in one of them, when we invested in one of them, when we invested in one of them. when we invested in one of them.
when we invested in one of them 105 million pounds over a three-year rolling period. Any artificially inflated commercial agreements would increase the income coming to the club and allow them to circumvent the rules and spend more, as allowed.
The temporary freeze will last for a month, until talks on a lasting change in the rules.
One of the leaders of the Leading League said: "If we didn't have a ban, nothing would stop Newcastle from signing, say 100 million pounds agreement on the rights to name its stadium with a Saudi company affiliated with their owners.
“Then they could use this money to buy players in January and circumvent our reasonable play financial rules.”