Saudi-led consortium will invest in all areas of Newcastle United FC: Staveley

Amanda Staveley, CEO of PCP Capital Partners, said the Saudi-led consortium will invest in the grassroots of the club. (Reuters)
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Updated 08 October 2021
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Saudi-led consortium will invest in all areas of Newcastle United FC: Staveley

  • Saudi Public Investment Fund, the British financier’s senior partner in the $408.6 million deal, now owns 80 percent of Newcastle
  • ‘We are incredibly keen to invest in the grassroots of this club,’ Staveley says in the first interview following the 18-month takeover

DUBAI: Amanda Staveley, the British financier who is a member of the Saudi-led consortium that has taken control of Newcastle United Football Club, told Arab News of plans to invest “in all areas” of the club after the 18-month takeover concluded.

“I know that managers and new players and all those exciting things are so important and are at the top of everybody’s agenda at the moment,” Staveley said in her first media interview after the deal was announced.

“Today is not the day to talk about new managers and new players, but what I would say is that we are incredibly keen to invest in the grassroots of this club. It is at the heart of the local community, and we will work with the fans and the community to find out what is best for them and for Newcastle United.”

Staveley, in her role as CEO of PCP Capital Partners, which now owns 10 percent of Newcastle, also spoke of the Saudi Public Investment Fund, her senior partner in the takeover with an 80 percent holding.

“PIF is an autonomous, commercially driven investment fund and I think that it is a great partnership between a great investor and a great club,” she said. “We will finally be able to invest in the club, in its infrastructure and players.”

She was speaking after a whirlwind couple of days during which the logjam surrounding the consortium bid for Newcastle was suddenly brushed aside after resistance from the Premier League, the English football authority, evaporated.

“The logjam was over control, and those issues have been resolved. We would like to thank the Premier League for all of its hard work over the last few months getting us here today, and that is essentially what broke the logjam.”

Staveley first approached Newcastle owner Mike Ashley with a proposal to acquire the club in 2017, but various approaches were resisted until the PIF got involved in late 2019.

“It has taken us four years to get here and we need to just go in and do a full review, both on the football side and the commercial side, and we will come back and make those investment decisions over the near term,” she said.

In addition to around GBP300m ($408.6 million) to purchase Ashley’s shares, the Saudi-led consortium is also committed to spending $340.5 million on the football club and other related facilities in the northeast of England.

“Most important for me is the academy, and to get investment to all areas of the club, from all sides,” Staveley said.


Scheffler ‘couldn’t care less’ about being British Open favorite

Updated 22 sec ago
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Scheffler ‘couldn’t care less’ about being British Open favorite

The world number one has never seriously threatened to win a Claret Jug
“I could not care any less about being the favorite or not being the favorite,” he said

PORTRUSH, UK: Scottie Scheffler said on Tuesday he does “not care” about being the tournament favorite as he prepares for his latest tilt at a maiden British Open title this week at Royal Portrush.

The world number one has never seriously threatened to win a Claret Jug, but is again enjoying a run of supreme form and arrives in Northern Ireland as the PGA champion.

The American has emphatically rebounded from a slow start to the year after suffering a freak hand injury cutting himself on a wine glass, reeling off 10 successive top-10 finishes including three victories.

“I could not care any less about being the favorite or not being the favorite,” he said.

“We all start even par and the tournament starts on Thursday. That’s pretty much all that matters.”

Scheffler produced his best British Open finish last year with a tie for seventh, but ended his tournament at Troon in ignominious style with an embarrassing topped tee shot on the 18th en route to a closing double-bogey.

He has never missed the cut at the links major before, though, and believes he has what it takes to lift the Claret Jug.

“In terms of links golf, I love the style of golf. I think it’s really fun and you have to be creative,” Scheffler added.

“You have to hit a lot of really good shots. There’s a challenge to it, but I think it’s a lot of fun.

“We’ll see how the weather turns out this week. Weather has a pretty dramatic effect on how the golf course is going to play.”

Scheffler won nine titles last season, including the Masters and the Olympic gold medal.

His third major title at the PGA Championship in May is one of his three victories so far this year, but he says he doesn’t set himself specific targets.

“I don’t look at wins and losses or stuff like that.

“I don’t sit down at the beginning of the year and say I want to win X number of times; I want to win this many majors; I want to win this many tournament events. That’s not something I do.

“That’s not something that works for me.”

Healy becomes first Irishman in 38 years to lead the Tour de France

Updated 15 July 2025
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Healy becomes first Irishman in 38 years to lead the Tour de France

  • The 24-year-old EF rider had already won stage six in Normandy, but here the smiley Healy confirmed his promise with a career-defining ride claiming the fabled yellow jersey
  • Healy’s performance even overshadowed that of stage winner Simon Yates, who sat on his wheel all afternoon as they crossed the ancient volcanoes that mark the region

PUY DE SANCY, France: Ben Healy became the first Irishman since Stephen Roche in 1987 to take the overall lead on the Tour de France on Monday with a relentless attack across eight gruelling hills in the Massif Central.

The 24-year-old EF rider had already won stage six in Normandy, but here the smiley Healy confirmed his promise with a career-defining ride claiming the fabled yellow jersey.

He becomes just the fourth Irishman to wear it following Shay Elliott, back in 1963, Sean Kelly in 1983 and Roche who went on to win an epic race 38 years ago.

Healy’s performance even overshadowed that of stage winner Simon Yates, who sat on his wheel all afternoon as they crossed the ancient volcanoes that mark the region.

Such was the Irishman’s effort as the escapees rushed through the grey-black volcanic rock villages that he was also awarded the combativity award for the most attacking rider of the day.

“Hats off to him, he’s the one that dropped everyone,” Yates said of Healy as the escape group was gradually whittled down from 30 to five.

The 2025 Giro d’Italia winner Yates attacked on the last of the day’s climbs, with Thymen Arensman of Ineos second and Healy coming third at the line 31sec adrift and having never relented on a punishing day.

Healy was born in Birmingham but chose to represent Ireland in his youth. He is also in the white jersey for the best young rider.

“The stage win I got and the yellow today both mean a lot to me,” said Healy, who had a tense wait at the line for Pogacar to cross 4min 51sec adrift and ceding the overall lead, likely for several days.

“This yellow is more for the team who worked so hard to put me here but the stage win possibly means more as it came first,” he said.

Race favorites Tadej Pogacar and Jonas Vingegaard crossed the line together after eight climbs in the Massif Central where they were rarely a wheel’s length from each other.

Healy leads the Tour itself by 29sec from defending champion Pogacar, with Belgian Remco Evenepoel in third at 1min 29sec.

Denmark’s double Tour de France champion Vingegaard is fourth overall at 1min 46sec, and his Visma teammate Matteo Jorgenson sits fifth.

Third placed overnight, promising young French rider Kevin Vauquelin dropped a minute to finish the day in sixth place overall.

Recompense for the home nation on the national Bastille Day holiday came in the form of Lenny Martinez as he earned the King of the Mountains polka dot jersey with 27 points garnered on the day’s stage.

His grandfather Mariano Martinez won the polka dot jersey outright on the 1978 Tour.

Successive escape bids ensued from the off Monday as the 164 remaining riders raced out of Ennezat with top guns Pogacar and Evenepoel finally allowing one to get away over the ever-rolling terrain

Once they did, a gap over five minutes was established by a motivated group that rode so hard over the cattle dotted hills the sprinters were dropped to over 30 minutes at the finish line.

While Tuesday is a rest day, Wednesday’s stage 11 is another flat run with a sprinter expected to take the honors in Toulouse.


Spurs’ Victor Wembanyama says he’s been cleared to return following blood clot

Updated 15 July 2025
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Spurs’ Victor Wembanyama says he’s been cleared to return following blood clot

  • It has been expected that the team anticipated Wembanyama would be able to start this coming season, though there was no official word until now
  • Wembanyama: I’m officially cleared to return. … I’ll finally be able to play a bit of basketball again

NEW YORK: San Antonio Spurs star Victor Wembanyama expects to play this coming season and has been fully cleared after dealing with deep vein thrombosis in his shoulder for the past few months, he told the French newspaper L’Equipe in remarks published Monday.

A person familiar with the situation later told The Associated Press that the Spurs have indeed received word that Wembanyama has been cleared to resume play and, barring anything unforeseen, will be able to fully participate in training camp when it opens this fall. The person spoke on condition of anonymity because the team has not revealed that detail publicly.

It has been expected that the team anticipated Wembanyama would be able to start this coming season, though there was no official word until now.

“I’m officially cleared to return. … I’ll finally be able to play a bit of basketball again,” Wembanyama told the French sports daily.

The fact that Wembanyama has been cleared suggests that his type of DVT was provoked, which would rule out a genetic predisposition to a clot returning. The Spurs have not disclosed specifics of Wembanyama’s shoulder issue, but there is a type of DVT that appears when a blood vessel in someone’s upper arm can be compressed by a rib (the top rib is removed in some cases to relieve the compression, if that is the cause) or a muscle. Such issues have proven to be treatable in the past.

Many other athletes have dealt with similar issues. Serena Williams came back to dominate women’s tennis after a clotting issue following the birth of her daughter; Williams needed four surgeries to address the matter. Basketball Hall of Famer Chris Bosh had to eventually retire from the NBA after he was diagnosed with multiple clots. In hockey, Tomas Fleischmann developed clots and went on to play for years afterward; Tomas Vokoun needed surgery to relieve his clotting problem and never played in the NHL again.

“I was afraid of not being able to play basketball anymore,” Wembanyama said in the interview. “I think that we all have thoughts sometimes. Irrational thoughts about the things we care about most. But this type of thinking also changes you as a person, for the better.”

Wembanyama was the league’s rookie of the year two years ago, Spurs guard Stephon Castle won that same trophy this past season, and the team has added another high pick — this year’s No. 2 selection, Dylan Harper — to a super-promising young core. Wembanyama was the front-runner to be defensive player of the year last season when he was diagnosed with the blood clot in his right shoulder in February.

“My injury was an adventure, obviously, but the hardest part is over,” he told L’Equipe. “I’m much better today, physically and mentally.”

Wembanyama was averaging 24.3 points, 11 rebounds, 3.8 blocks and 3.7 assists per game when he was shut down in February; the only other player in NBA history to finish a season averaging all that was Kareem Abdul-Jabbar in 1975-76.

There will be an obvious ramping-up period before Wembanyama is playing at full speed again, though there is plenty of time between now and training camp for him to get back to that level.

“I have to continue specific work on my shoulder and especially get back into everything related to my basketball habits,” Wembanyama said in the interview. “It’s been five months since I’ve played a 5-on-5 match. If I had to have a game tomorrow, it would be risky. There are plenty of reflexes to find, both conscious and linked to muscle memory.”

Wembanyama has traveled extensively in recent months and spent time last month at a Shaolin temple in Zhengzhou, China. The temple is a place that welcomes visitors who wish to study Chan meditation, Shaolin Kung Fu, traditional Chinese medicine and more.

Wembanyama told L’Equipe that he studied kung fu and Buddhism during his stay there, but added that he does not identify as Buddhist.

“We were initiated there to the life of a warrior monk, which combines Buddhism and intensive kung fu practice,” he said. “It was very hard. We discovered movements that we had never done in our lives. It was more than 1,000 kicks to do per day, jumps, balance exercises, stretching. ... We used muscles that we rarely used and which were quickly overloaded. I had some of the biggest aches and pains of my life.”


Chelsea’s Club World Cup triumph a ‘statement’, but what might be the cost?

Updated 15 July 2025
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Chelsea’s Club World Cup triumph a ‘statement’, but what might be the cost?

  • Maresca could not have asked for much more after arriving off the back of leading Leicester City to promotion

NEW YORK: For Chelsea, victory in Sunday’s Club World Cup decider completed a fine first season under Enzo Maresca, and also finally brought the curtain down on a marathon campaign that they must hope does not catch up with them down the line.
The Cole Palmer-inspired 3-0 victory over Paris Saint-Germain at the MetLife Stadium outside New York was Chelsea’s 64th game of a season which lasted 11 months.
By any measure it was one of Chelsea’s best ever campaigns, with their Club World Cup triumph — placed on a par by Maresca to winning the Champions League — following victory in the UEFA Conference League and a fourth-placed finish in the Premier League.
Maresca, an ex-assistant to Pep Guardiola at Manchester City, could not have asked for much more after arriving off the back of leading Leicester City to promotion.
“It has been a fantastic season but I am especially happy for the players,” said the Italian, who has succeeded in putting together a coherent team out of the endless line of new signings being brought in by the club’s owners.
“We have said many times that talent alone is not enough. You need to find a way for them to all fit together.”
It all represents considerable progress from just two years ago, when the Stamford Bridge side finished in the bottom half of the Premier League.
Maresca incorporated more new faces during the Club World Cup, with Joao Pedro making a remarkable impact — the Brazilian forward cut short a holiday to complete a £60 million ($79 million) transfer from Brighton and Hove Albion, and went on to score twice in the semifinal against Fluminense and once in the final.
Liam Delap, Dario Essugo, Mamadou Sarr and Andrey Santos all joined up ahead of the month in the United States, while Jamie Gittens has since arrived from Borussia Dortmund and fellow winger Estevao Willian now joins from Palmeiras in Brazil.
Chelsea will hope those signings, added to a squad led by the likes of Palmer, Enzo Fernandez and Moises Caicedo, can make a real push for the Premier League title off the back of their impressive triumph at FIFA’s new tournament.
“It’s a big statement,” captain Reece James told English media shortly after lifting the trophy alongside US President Donald Trump.
“I’m happy with how much the club has progressed and how next season you know we’ll be competing in the Premier League, to win the title and compete, and to go far in the Champions League as well.”
Chelsea have also pocketed a stunning $115 million in prize money from the Club World Cup, but what if there comes a point in 2025/26 when their exploits of this season catch up with them?
While Chelsea have been competing at the Club World Cup in draining weather conditions, Premier League champions Liverpool and runners-up Arsenal have enjoyed extended off-season breaks.
Manchester City were also at the Club World Cup but they went out over a week earlier.
Global players’ union FIFPro has been the leading voices expressing concerns about the demands on the game’s biggest stars in an ever-expanding calendar.
One of the safeguards it proposed in a study published before the tournament was a mandatory four-week off-season break, along with four-week retraining periods before returning to competition.
Chelsea’s off-season is drastically reduced, with their first match of the next Premier League campaign against Crystal Palace slated for August 17, exactly five weeks after the Club World Cup final. They have a friendly against Bayer Leverkusen on August 8.
“Tomorrow I have three weeks of holiay which is all I want right now because I have not stopped in 15 months,” said Maresca on Sunday.
It remains to be seen if Maresca and his players come back sufficiently refreshed before attacking a season in which they hope to go far in the Champions League, and which will end with the World Cup in North America.
PSG face an even tighter squeeze after a historic campaign for Luis Enrique’s team, capped by their triumph in the Champions League final.
Their first competitive match of next season will be the UEFA Super Cup against Tottenham Hotspur in Italy on August 13, exactly one month after their defeat in New York — a chance to win more silverware, but at what cost?


Jorge Jesus returns to Saudi Pro League with Al-Nassr

Updated 15 July 2025
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Jorge Jesus returns to Saudi Pro League with Al-Nassr

  • According to a club statement on X deal is for one year

Al-Nassr appointed Portuguese Jorge Jesus as coach on Monday, two months after he left their bitter Saudi Pro-League rivals Al-Hilal.
The 70-year-old won the domestic treble in his second stint with Riyadh-based Al-Hilal in the 2023-2024 season, but left the club in May after they lost in the AFC Champions League elite semifinals to Saudi Arabian side Al-Ahli.
“It’s official Mr. Jorge Jesus is the new coach of Al-Nassr” the Saudi club posted on X.
The former Copa Libertadores winner with Brazil’s Flamengo, who replaces Italian Stefano Pioli, has signed a one-year contract with Al-Nassr.
Nine-times Saudi champions Al-Nassr have extended the contract of 40-year-old five-times Ballon d’Or winner Cristiano Ronaldo until 2027.