Saudi Arabia’s Public Investment Fund – the owners of Newcastle United – ‘are attempting to buy Roma for £768m… with another £250m set aside to build a new stadium for the club’, weeks after frustrated Jose Mourinho was sacked

  • The Public Investment Fund of Saudi Arabia are set to make an offer on Roma
  • The government-owned PIF already owns Newcastle and four Saudi Pro clubs 
  • CHRIS SUTTON on sledging, expletive stand-offs and on-field verbal jousting – It’s All Kicking Off podcast

The Public Investment Fund of Saudi Arabia – the owners of Newcastle United – are reportedly set to make an offer on AS Roma.

The government-owned PIF have made significant financial deals in several sports, significantly football, where they already own the big four clubs in the Saudi Pro League, and a consortium led by the sovereign wealth fund took ownership of Newcastle in October 2021.

According to reports in Italy, they are also interested in making an offer to buy Serie A side Roma from its current American owner, and invest in the club’s stadium.

La Repubblica says negotiations are underway with the club’s owners Dan and Ryan Friedkin, with a view that PIF would offer €900m (£768m) for the club immediately, and another €300m (£256m) to back Roma’s new stadium in Pietralata.

Roma’s legal chief Eric Williamson, who works closely with Friedkin, has been spotted in Riyadh, the capital of Saudi Arabia. 

The Public Investment Fund of Saudi Arabia are reportedly set to make an offer on AS Roma

Newcastle United are backed by the PIF, as are four of the leading Saudi Pro League teams

Newcastle United are backed by the PIF, as are four of the leading Saudi Pro League teams

Among the topics covered was the club’s sponsorship deal with Riyadh Season, a Saudi sports and leisure festival that now features on the front of the Roma kit.

However, there were also reported talks of a potential takeover, either by PIF or another investor. 

Private investor Turki Alalshikh, who is a royal adviser and president of the General Entertainment Authority of Saudi Arabia, is also being touted as a potential purchaser for Roma, who currently sit fifth in Serie A.

The Friedkins, who signed the paperwork to takeover the club in August 2020, currently hope to sell Roma for around €1bn, and whilst they were aiming to remain in control of the club, both PIF and Alalshikh want 100% of the club’s shares.

The reports come just weeks after Jose Mourinho was sacked as Roma manager, with The Special One frustrated that there was not the support at the club necessary to make them compete on a domestic level.

The Friedkin family quickly replaced Mourinho with new manager Daniele De Rossi after the Portuguese boss’s dismissal last month. 

The PIF’s ownership of Newcastle could be an issue, with the UEFA rules on timeshare representing a partial obstacle to proceedings, but would not halt them entirely.

Roma's American owners Dan and Ryan Friedkin are reportedly looking for €1bn for the club

Roma’s American owners Dan and Ryan Friedkin are reportedly looking for €1bn for the club 

Jose Mourinho was dismissed as Roma boss last month after his side were struggling in Serie A

Jose Mourinho was dismissed as Roma boss last month after his side were struggling in Serie A

Private investor Turki Alalshikh is also being touted as a potential purchaser for Roma

Private investor Turki Alalshikh is also being touted as a potential purchaser for Roma

Newcastle are majority-owned by Saudi Arabia’s Public Investment Fund and have their shirts sponsored by Sela, a Saudi sports rights enterprise. 

However, they claim to have been ‘hamstrung’ by FFP regulations as they bid to stay clear of Premier League sanctions which have dogged other sides in the English top-flight.


Source From: Serie A News, Fixtures and Results | Mail Online

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