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Newcastle acquisition: £ 305 million deal backed by Saudi Arabia-backed deal – BBC Newsnight

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While the Newcastle United Premier League club is backed by the Saudi £ 305 million, most fans are happy but Amnesty has human rights concerns. Please subscribe HERE http://bit.ly/1rbfUog

The Premier League has assumed responsibility after the Saudi Arabian state received “legal bond guarantees” that would not control the club. Instead, the Public Investment Fund (PIF), which will provide 80% of the funds in the agreement, is seen as separate for the state. However, despite the appointment of Mohammed bin Salman as Crown Prince of Saudi Arabia as President of the PIF. The sale went ahead after the deal passed the Premier League for owners and managers. The purchase ends Mike Ashley’s 14-year witchcraft as the owner of Newcastle United. #Newsnight #BBCNews #Newcastle United Newsnight is the main BBC news and current affairs television program – with strong analysis, discussion, exclusivity and dialogue. Website: https://www.bbc.co.uk/newsnight
Twitter: https://twitter.com/BBCNewsnight
Facebook: https://www.facebook.com/bbcnewsnight .

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