Newcastle owners PIF eye multi-club model like Man City, but won't buy stakes in Man Utd

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Newcastle owners PIF eye multi-club model like Man City, but won't buy stakes in Man Utd
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Newcastle United’s owners are looking at a multi-club ownership model and said she was confident the Saudi PIF would not have their heads turned by the opportunity to buy stakes in Liverpool or Manchester United MsiDouglas reports:

“We’re looking at everything in terms of how we grow Newcastle United, how we grow our brand and how we grow the club,” she told the Financial Times Business of Football summit.“We’re very focused on the Academy and young players at the moment. We’re bringing some exciting guys in.

“Multi-club ownership is complicated. We’re also looking at another structure that would allow us to do both, which would give us an opportunity to work with a lot more clubs without buying a stake in them. They had looked at other clubs but felt Newcastle offered the most enticing option. Staveley said the recent valuations of Manchester United and Chelsea made their decision to invest in the Magpies at a fraction of the price look wise.

“Everyone knows I’m a massive Liverpool fan and we did try to buy Liverpool but we walked into a Newcastle game and said ‘Why spend X billion when you can spend £350m ?’

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