Investment plan

Newcastle PIF owners set £ 400million investment plan

Newcastle United’s new majority owners, the Public Investment Fund, are continuing plans to expand their club portfolio, with Marseille becoming a prime target for the group, according to TEAMtalk.

We understand that relations between Saudi Arabia and Qatar have improved so much since they reached an agreement on Premier League rights in their region that they are even taking advice from them.

The key factor for PIF to take control of Newcastle was their new deal with Qatar, which even saw them agree to pay an out-of-court settlement.

Now they are in talks with Qatar Sports Investment, owner of Paris Saint-Germain, to invest in French football. Marseille is in their sights.

Currently owned by American Frank McCourt, PIF is believed to be ready to pay more than £ 400million to the French giants.

If PIF continues its interest, it could mean that it will become huge rivals of QSI at the national level. Marseille and PSG are one of the biggest rivalries in French football.

PIF has long believed that the model adopted by City Football Group was the way to go.

The owners of Manchester City in Abu Dhabi now control 10 clubs around the world. PIF plans to follow a similar path.

Newcastle receive transfer advice in January

Meanwhile, PIF will also have to think about how to allocate funds for Newcastle’s transfer budget in January.

It will be an important transfer window at St James’ Park. Of course, this is their first chance to show off their financial muscles. But it might not be easy to attract the caliber of player they want in a relegation battle.

But they will seek to make a statement regardless. With that in mind, a club legend told them about three areas they should look into …

READ MORE: Shearer “expects” Newcastle to move in January; tell the club to sign three stars

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