Saudi-led consortium clinches Newcastle United takeover

General views outside Newcastle United's St James' Park stadium - St James' Park, Newcastle, Britain - October 7, 2021. (REUTERS)
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Updated 07 October 2021
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Saudi-led consortium clinches Newcastle United takeover

  • Saudi-led consortium clinches Newcastle United takeover

DUBAI: A consortium led by Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has clinched a deal to buy Newcastle United, the English football club.

After 18 months of on-off negotiations, the PIF, along with British financial entrepreneur Amanda Staveley and billionaire investors the Reuben brothers, finally sealed a £300 million ($410 million) deal with Mike Ashley, the club’s owner.

Lawyers and other advisers worked through the night and all day Thursday to finalize the transaction after a change of heart by the English football authority, the Premier League, allowed the acquisition to proceed.

“We are extremely proud to become the new owners of Newcastle United, one of the most famous clubs in English football,” Yasir Al-Rumayyan, governor of PIF, said. “We thank the Newcastle fans for their tremendously loyal support over the years and we are excited to work together with them.”

With the purchase, Newcastle will join the ranks of Europe’s super-clubs, including Manchester City and Paris Saint-Germain, which have the backing of wealthy and committed owners.

The prospect of owners led by Saudi Arabia was immensely popular with Newcastle’s fan base, who have seen their club starved of funds to take it to the next level, leaving the side languishing near the bottom of the English Premier League.

“This is a long-term investment. We are excited about the future prospects for Newcastle United,” Staveley, chief executive officer of PCP Capital Partners, said. “We intend to instill a united philosophy across the club, establish a clear purpose, and help provide leadership that will allow Newcastle United to go on to big achievements over the long term.

“Our ambition is aligned with the fans – to create a consistently successful team that’s regularly competing for major trophies and generates pride across the globe,” she added.

The PIF-backed proposal also pledged to pump £250 million into football and other facilities in the northeast of England, home to the club’s St. James’ Park stadium.

“We look forward to a great future for Newcastle United,” Jamie Reuben of RB Sports & Media, said. “Newcastle is a fantastic city, which is why our family has been investing heavily in the area for many years, to become part of this great club and its amazing fans is a privilege.

“We will build a true community Club, based upon our family’s knowledge of the city and in line with our plans that have been worked on closely with Newcastle City Council to deliver long-term sustainable growth for the area,” he added.

The deal gives Saudi Arabia a seat at the top table of European football, and the potential to bring success back to the club in the English league and top European competitions.

Sport and leisure have been identified as two of the main pillars of Vision 2030, the Kingdom’s strategy to transform social, cultural and economic life, led by Crown Prince Mohammed bin Salman.

The PIF will have the dominant position in the new ownership structure, with 80 percent of the club’s shares, while Staveley and the Reubens will have 10 percent each.

An agreement with Ashley was signed in April 2019, only for the transaction to become bogged down in legal technicalities regarding details of ownership, as well as lobbying by other top English clubs trying to prevent the deal.

It was also slowed by claims from Qatari broadcaster beIN about infringements of TV coverage rights, denied by Saudi Arabia.

Ashley took the English authorities to court in an attempt to clear these hurdles, and a final ruling had been expected next January. But it is understood that legal action has now been dropped following clarification of the ownership structure and a settlement of the broadcasting rights claims.

Last summer, the PIF formally withdrew from the deal after a lack of transparency from the Premier League, but sources told Arab News that the deal was still on the table — assuming the Premier League dropped its undisclosed objections.

Staveley said then: “It’s awful. We are devastated for the fans. We really thank the fans; I personally thank them for all their support.”

But behind the scenes Staveley made it clear that she and the other members of the consortium were not walking away from the bid.

 


Makkah developing smart solutions to counter natural disasters 

Makkah municipality is planning to develop several AI and other smart solutions to help mitigate natural disasters.
Updated 10 sec ago
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Makkah developing smart solutions to counter natural disasters 

  • Plan includes improving efficiency and operational capabilities of the city’s control room

RIYADH: Makkah municipality is planning to develop several artificial-intelligence and other smart solutions to help mitigate natural disasters, particularly flooding, the Saudi Press Agency reported on Wednesday.

The municipality recently signed an agreement with a specialist company to develop these technical solutions, which includes improving the efficiency and operational capabilities of the city’s control room.

In addition, the plan is to enhance governance frameworks that support quality and sustainability goals, and accelerate digital transformation initiatives within the city.

Key features of this collaboration include the development of a smart system for infrastructure monitoring. The Makkah region has experienced heavy rainfall regularly this year. 

By improving service efficiency, boosting infrastructure safety, and leveraging technology, the city aims to significantly enhance the quality of life for both residents and visitors, aligning with the goals of Saudi Vision 2030, the SPA reported.

Earlier this year the municipality expanded e-services and applications, and developed the city’s infrastructure with multi-level parking lots, and technology-operated facilities.

As a result, Makkah is now ranked 52nd in the global Smart City Index, fifth in the Arab world, and second in the Kingdom after Riyadh. 

All these services are contributing to a sustainable urban environment in Makkah, according to the municipality.

Makkah’s new developments are also aimed at enhancing services for the increasing number of pilgrims and visitors traveling to the holy city.


Digital clinic to open new horizons for autism care in Saudi Arabia

Updated 4 min 33 sec ago
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Digital clinic to open new horizons for autism care in Saudi Arabia

  • Prince Saud bin Abdulaziz: ‘This is just the beginning of our plans’

RIYADH: Following the success of the Taif Aziz Caravan for people with autism, the Society of Autism Families is gearing up for the launch of the Kingdom’s first digital clinic powered by a team of experts, doctors, and specialists.

The Taif Aziz Caravan was the first of its kind to travel across Saudi Arabia. Launched by the Society of Autism Families in June 2023, it offered integrated healthcare services to those with autism spectrum disorder and their families, as well as specialized medical consultations and free services.

In collaboration with the Ministry of Health and the Ministry of Human Resources and Social Development, Taif Aziz Caravan raised awareness about early detection of autism spectrum disorder.

The convoy lasted nearly four months, covering about 12,000 km and visiting 53 cities in the Kingdom. The initiative earned the Society of Autism Families the International Excellence Award in Corporate Social Responsibility in London recently.

Prince Saud bin Abdulaziz, chairman of the organization, told Arab News: “This award holds immense importance for social work worldwide. Winning it for our innovative Taif Aziz Caravan project is a well-deserved recognition of the association's exceptional community contributions.”

Introducing the digital clinic project, he said: “Our work is ongoing and boundless, driven by a passionate commitment to serve.”

He went on to say that the Digital Autism Clinic will provide rehabilitative, medical, and therapeutic services to people with autism across the Kingdom. “This is just the beginning of our plans for greater advancements in this field, God willing.”

The organization’s digital platform allows beneficiaries to easily register and access all available services.

“No pioneering project is without its challenges. However, we tackle these obstacles with well-established strategies and meticulous planning,” Prince Saud said, noting that despite challenges, the convoy achieved its goal within a short timeframe, ensuring the necessary support, and conducting comprehensive social and psychological assessments.

“Awareness empowers society to embrace diversity and enhances the quality of life for everyone. Community understanding is fundamental to supporting individuals with autism effectively,” he added.

The association actively promotes awareness through various initiatives and projects, “as we recognize the significant impact of community awareness about autism spectrum disorder and its profound effect on various areas of life,” the chairman said.

Noting the collaborative efforts taking place in the Kingdom to uplift communities, Prince Saud said: “In Saudi Arabia, collaboration between institutions from all sectors — governmental, private, and nonprofit — is a hallmark of our approach to achieving collective progress.

“I take this opportunity to thank our partners across these sectors for their unwavering support. Together, we achieve both impact and development.”

The Society of Autism Families raises awareness through various initiatives, including high-quality media productions such as the play “Sala 4” in collaboration with the Ministry of Culture, the world’s first 3D series on autism, under the supervision of a team of specialists, as well as the production of the first song in the world featuring people with autism, among other initiatives.

“Continuous presence and active participation in major events, exhibitions, and conferences, along with social media platforms, are key mechanisms for highlighting inspiring real-life stories and advocating for change,” Prince Saud added.

According to the association's website, autism spectrum disorder refers to a collection of conditions marked by difficulties in social skills, repetitive behaviors, and non-verbal communication, alongside unique strengths and differences.

The site explains that autism is not a single condition but a spectrum of diverse types, shaped by a combination of genetic and environmental factors, which influence each individual in a distinct way.

The term “spectrum” highlights the vast diversity in the challenges and strengths each child with this disorder may exhibit. While the most noticeable traits typically emerge between the ages of two and three, in some instances, early diagnosis can occur as young as 18 months.

The WHO reported that one in every 160 children worldwide is diagnosed with autism spectrum disorder.


Riyadh symposium explores challenges in theater training

Updated 25 December 2024
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Riyadh symposium explores challenges in theater training

  • This year’s festival features 20 performances selected by experts, reflecting the diversity of Saudi theater and its developmental initiatives

RIYADH: The Riyadh Theater Festival, organized by the Theater and Performing Arts Commission, is being held at Princess Nourah bint Abdulrahman University until Dec. 26.

A dialogue symposium at the festival explored challenges and opportunities in theatrical training in the Arab world, focusing on issues such as limited specialized programs, financial constraints, and cultural barriers.

Participants emphasized the need for stronger partnerships between Arab countries to support training, research, and the role of theater in education and public awareness, the Saudi Press Agency reported.

The symposium also highlighted the importance of innovative educational programs that foster skill development and produce tangible results in the performing arts.

Sultan Al-Bazie, CEO of the commission, called the festival a cornerstone for advancing theater in the Kingdom and raising public awareness of the performing arts.

This year’s festival features 20 performances selected by experts, reflecting the diversity of Saudi theater and its developmental initiatives.

It supports Saudi talent and enhances the Kingdom’s presence on regional and international stages. The event will conclude with awards for outstanding performers.


Saudi authorities seize drugs, arrest two suspects in Riyadh

Updated 25 December 2024
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Saudi authorities seize drugs, arrest two suspects in Riyadh

  • Authorities sezied 35 kg of hashish and 32,338 controlled medical tablets

RIYADH: Saudi Arabia’s drug control authority seized quantities of narcotics and arrested two suspects for drug promotion in Riyadh on Tuesday.

The General Directorate of Narcotics Control reported the seizure of 35 kg of hashish, 32,338 controlled medical tablets, as well as amphetamine and methamphetamine drugs.

It said that it had arrested two suspects in the case — a Syrian resident and a national — in Riyadh’s region, and referred them to prosecution, the Saudi Press Agency reported.

Saudi security authorities are urging people to report any activities related to drug smuggling or promotion by calling 911 in the Makkah, Riyadh and Eastern Province regions, and 999 in the rest of the Kingdom.

Alternatively, information can be emailed to [email protected]. All reports are treated in confidence.


KSrelief concludes urology surgery project in Yemen

Updated 24 December 2024
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KSrelief concludes urology surgery project in Yemen

  • Project included nine volunteers from different medical specialties
  • KSrelief medical team successfully performed 109 specialized urology surgeries

RIYADH: King Salman Humanitarian Aid and Relief Center has completed a medical project for urology surgeries in Yemen’s Aden governorate.

The project included nine volunteers from different medical specialties and was carried out from Dec. 15-22 in collaboration with the Saudi Program for the Development and Reconstruction of Yemen.

The KSrelief medical team examined 53 cases and successfully performed 109 specialized surgeries, the Saudi Press Agency reported.

KSrelief’s project is one of Saudi Arabia’s medical initiatives to assist the Yemeni people and ease their suffering amid the humanitarian crisis.