Saudi PIF increases stake in Newcastle United as co-owner Amanda Staveley departs

Saudi Arabia’s Public Investment Fund has increased its ownership stake in English Premier League football club Newcastle United from 80 to 85 percent. (Reuters/File)
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Updated 13 July 2024
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Saudi PIF increases stake in Newcastle United as co-owner Amanda Staveley departs

  • The Public Investment Fund’s stake in the English Premier League club increases from 80% to 85%, while co-owner RB Sports and Media holds the remaining 15%
  • Club chairperson Yasir Al-Rumayyan says: ‘The ownership group … will continue to build on these foundations for long-term sustainable success for the team and our amazing fans”

NEWCASTLE: Saudi Arabia’s Public Investment Fund has increased its ownership stake in English Premier League football club Newcastle United from 80 to 85 percent.
The agreement, confirmed by the club on Friday, marks the departure of husband-and-wife co-owners Amanda Staveley and Mehrdad Ghodoussi. As part of the consortium that took over the club almost three years ago, Staveley’s company PCP Capital Partners initially held a 10 percent ownership stake, though this was reduced to 6 percent last year when co-owner RB Sports and Media increased its stake from 10 to 14 percent; it will now rise to 15 percent.
The deal is expected to be completed this month, with the PIF and RB saying it is part of their long-term plans to develop the club and ensure it can be a consistently credible competitor in domestic and European competitions.
The PIF, RB and the Newcastle United board thanked Staveley and Ghodoussi for the key role they played in the acquisition of the club from former owner Mike Ashley, and for their dedication to the development of a framework for long-term success over the past two-and-a-half years.
Newcastle’s chairperson, Yasir Al-Rumayyan, said: “Amanda and Mehrdad will forever have our tremendous thanks and well-wishes as they move on to focus on their other business interests. We have achieved so much together since 2021, including achieving Champions League football in our first full season as stewards of this incredible club.
“The ownership group, together with CEO Darren Eales and the club’s executive team, will continue to build on these foundations for long-term, sustainable success for the team and our amazing fans, and we are excited about the future prospects for Newcastle United.”
Staveley described Newcastle as a special, unique club and said being its co-owner has been an honor.
“Mehrdad and I have loved being part of this club and community and are extremely proud of the progress Newcastle United has made in recent years,” she added.
“Our ambition has always been aligned to the brilliant fans of this club: to create consistently successful teams that regularly compete for major trophies and generate pride across the globe.
“We are grateful to have played our part in setting up the club for even more future success. We will remain fans for life.”


West Ham sign Argentina international Rodriguez

Updated 06 August 2024
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West Ham sign Argentina international Rodriguez

  • "I feel like it's every footballer's dream to play in the Premier League," Rodriguez said
  • The Hammers have already added German international striker Niclas Fuellkrug, wingers Crysencio Summerville and Luis Guilherme and defender Max Kilman

LONDON: Argentina international midfielder Guido Rodriguez became West Ham's sixth summer signing on Tuesday.
The 30-year-old, who was part of the Argentina squad which won the World Cup in 2022 and the 2021 and 2024 Copa America titles, was available on a free transfer following the expiry of his contract at Real Betis.
Rodriguez spent the last four-and-a-half years in Spain, becoming a key player as Betis have qualified for European football in each of the past four seasons.
"I feel like it's every footballer's dream to play in the Premier League, and I was very excited when I heard that West Ham were interested in me," Rodriguez said in a club statement.


"I will bring experience to the team, and though I'm aware the Premier League is very physical, I'm ready to put the work in to make sure I'm up to the task."
The Hammers have already added German international striker Niclas Fuellkrug, wingers Crysencio Summerville and Luis Guilherme and defender Max Kilman to their squad for Julen Lopetegui's first season in charge.
Technical Director Tim Steidten said Rodriguez's signing was a "statement of intent" as they aim to improve on finishing ninth in the Premier League last season.
"This is a massive moment for West Ham United in bringing a player of Guido's pedigree to the club," said Steidten.
"He is a player I have admired for a long time, and we couldn't be happier to have completed the deal to bring him to east London."


France beat Egypt to set up Olympic men’s football final against Spain

Updated 06 August 2024
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France beat Egypt to set up Olympic men’s football final against Spain

LYON, France: Jean-Philippe Mateta scored twice and Michael Olize added a third as France came from behind to beat Egypt 3-1 after extra time on Monday and set up an Olympic men’s football final showdown with Spain.

Thierry Henry’s France looked to be heading for defeat in the semifinal in Lyon after Mahmoud Saber put Egypt ahead just after the hour mark.

But Mateta, the Crystal Palace striker, levelled from Olize’s assist with seven minutes of the 90 remaining.

Egypt were reduced to 10 men at the start of extra time when center-back Omar Fayed was sent off, and the hosts made their numerical superiority count as Mateta headed in.

Olize then sealed the win on 108 minutes and France, looking for their second Olympic men’s football gold medal and first since 1984, now face Spain in the final at the Parc des Princes in Paris on Friday.

Spain, gold medallists in 1992 and silver medallists three years ago in Tokyo, qualified earlier Monday after coming from behind to beat Morocco 2-1 in Marseille.

Egypt and Morocco will meet in Nantes on Thursday in an all-North African play-off for bronze.

France often looked disjointed without suspended midfield duo Manu Kone and Enzo Millot, with the latter banned after his red card at the end of the fiery quarter-final win over Argentina.

However, they had the majority of the chances and defender Loic Bade hit the post late in the first half with a header from a corner.

Egypt soaked up pressure at the start of the second half before scoring in the 62nd minute.

Saber’s first effort was blocked but when the ball came back to him he engineered space before slamming a shot past France goalkeeper Guillaume Restes.

The hosts almost equalized immediately as a Mateta header was tipped over by goalkeeper Hamza Alaa.

They then struck the woodwork twice in a matter of seconds, captain Alexandre Lacazette heading off a post and Bade nodding the follow-up against the bar.

The equalizer arrived in the 83rd minute, with Olize the creator as he cut through the middle on a driving run before playing in Mateta to finish.

France hoped to find a winner before extra time, but a penalty appeal after Fayed blocked a Bade header with his hand was dismissed following a long VAR review.

They went into the extra half-hour on a sultry evening and Egypt were quickly reduced to 10 men when Fayed, already booked for arguing against the penalty call, saw yellow again for chopping down Desire Doue.

France went ahead when a corner was played short to Olize, and his ball to the far post was headed back across goal by Kiliann Sildillia for Mateta to head in his fourth goal of the tournament.

Olize fired in the third early in the second half of extra time after a clearance struck Doue and fell into his path.


Spain beat Morocco to reach Olympic men’s football final

Updated 05 August 2024
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Spain beat Morocco to reach Olympic men’s football final

  • It is Spain’s second consecutive appearance in the final of the Olympic men’s football

MARSEILLE: Substitute Juanlu Sanchez struck a late winner as Spain came from behind to beat Morocco 2-1 on Monday and reach the final of the Olympic men’s football.
Morocco had led in the semifinal through a Soufiane Rahimi penalty toward the end of the first half at the Stade Velodrome in Marseille.
However, Barcelona’s Fermin Lopez equalized midway through the second period and then set up Sevilla right-back Sanchez to fire in the winner.
It is Spain’s second consecutive appearance in the final of the Olympic men’s football. They had to settle for silver three years ago in Tokyo after losing in extra time to Brazil.
Spain, who are chasing a second gold after triumphing in Barcelona in 1992, go to Paris for the final on Friday against either hosts France or Egypt, who play their last-four tie later.
Morocco can still claim a first medal by winning the bronze medal match, which will take place on Thursday in Nantes.
Last year’s Under-23 Africa Cup of Nations winners had impressed on their run to the semifinals and looked on course to shock Spain when they went ahead in the 37th minute thanks to the prolific Rahimi.
Morocco were awarded a penalty following a VAR check for a foul by Pablo Barrios on Amir Richardson in the box, and Rahimi stepped up to send the goalkeeper the wrong way from the spot.
It was a sixth goal of the Olympics for the tournament’s leading scorer, with four of his strikes coming from the penalty spot.
That sent the large Moroccan support wild but Spain kept their cool to equalize through their own star man in the 66th minute.
Lopez, a member of Spain’s triumphant Euro 2024 squad who scored twice in the Olympic quarter-final against Japan, pounced to snatch possession when the ball broke loose in the box and fired low into the net to make it 1-1.
With the prospect of extra time looming, Spain won it in the 85th minute as Lopez found Sanchez bounding into the area, and he sent a shot low into the far corner.


Spain survive Colombia scare, join USA in Olympic women’s football semis

Updated 03 August 2024
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Spain survive Colombia scare, join USA in Olympic women’s football semis

  • Ballon d’Or winner Aitana Bonmati converted the decisive kick in the shoot-out as Spain beat Colombia 4-2 on penalties
  • Spain now advance to a semifinal on Tuesday in Marseille against either hosts France or Brazil, who meet later

PARIS: World Cup holders Spain survived a major scare before beating Colombia on penalties to reach the semifinals of the Olympic women’s football on Saturday, after the United States edged out Japan.
Ballon d’Or winner Aitana Bonmati converted the decisive kick in the shoot-out as Spain beat Colombia 4-2 on penalties after their quarter-final tie in Lyon had finished 2-2 at the end of extra time.
Spain now advance to a semifinal on Tuesday in Marseille against either hosts France or Brazil, who meet later.
Spain are going for gold in their first appearance in the Olympic women’s football, but they were moments away from being eliminated after falling 2-0 behind to the South Americans.
Mayra Ramirez fired Colombia ahead early on and Leicy Santos doubled their lead early in the second half after a Linda Caicedo shot was saved.
Jennifer Hermoso pulled a goal back in the 79th minute for the world champions, who were then rescued when captain Irene Paredes turned in a Salma Paralluelo cross in the seventh minute of injury time.
That meant extra time, and no further goals led to penalties. Captain Catalina Usme’s first kick for Colombia was saved, while Liana Salazar missed her attempt as Spain scored all four of their efforts from the spot to go through.
Earlier, Trinity Rodman scored a stunning goal in extra time as the United States edged Japan 1-0.
The daughter of former NBA superstar Dennis Rodman struck in stoppage time at the end of the first half of extra time to finally break the deadlock, and Japan’s resistance, at a packed Parc des Princes in Paris.
That took the USA through to a semifinal on Tuesday in Lyon, where they will face either reigning Olympic champions Canada or 2016 gold medallists Germany.
The USA remain on track under new English coach Emma Hayes to win a record-extending fifth women’s football gold, and a first since defeating Japan in the London Olympic final in 2012.
That silver remains Japan’s only medal in the competition and they go home after thwarting the USA for most of a tense quarter-final, where they failed to take what few chances came their way on the break.
“I honestly think that was the only way we were going to find a goal in that game,” Rodman said of her moment of magic after she was set up by Crystal Dunn.
“Obviously we had tried all game long to get in between them and it wasn’t working, but she played it in behind.
“It just bobbled a little, and then I banged it in the upper 90. I couldn’t have asked for anything better. I am very happy about it.”
The presence of Snoop Dogg — who is working at the Olympics for US television — in the crowd in Paris provided more excitement for many spectators than the game itself.
Japan sat back and allowed the USA to have most of the possession, which they did without showing a cutting edge.
Their front three of Rodman, Mallory Swanson and Sophia Smith were impressive during the group stage but found the going tougher against Japan’s back five.
That was until Rodman struck midway through extra time, as she controlled a long diagonal ball by Dunn on the right, turned Hikaru Kitagawa inside out and fired a shot high into the far corner of the net.
It was her third goal in four games at the tournament, making her the USA’s joint top scorer alongside Swanson.


Egypt beat Paraguay on penalties to reach semifinals of men’s soccer tournament at Olympics

Updated 02 August 2024
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Egypt beat Paraguay on penalties to reach semifinals of men’s soccer tournament at Olympics

  • Ibrahim Adel converted the final penalty kick to seal the win for Egypt
  • Egypt will face either Argentina or France in the last four

MARSEILLE, France: Goalkeeper Hamza Alaa saved a penalty by Marcelo Perez and Egypt defeated Paraguay 5-4 in a shootout to reach the semifinals of the men’s soccer tournament at the Paris Olympics on Friday.
Ibrahim Adel converted the final penalty kick to seal the win for Egypt after the teams had drawn 1-1 in regulation and failed to score in extra time.
Egypt will face either Argentina or France in the last four.
The other semifinal will be between Spain and Morocco. The Spaniards defeated Japan on Friday, while Morocco got past the United States.
Paraguay took the lead in regulation with a goal by Diego Gomez in a breakaway in the 71st minute, but Egypt sent the game into extra time with Adel’s header in the 88th.
Paraguay were runner-up to Argentina in 2004 in Athens but had not played in the last four Olympic Games. Egypt’s best result was fourth in 1964 in Tokyo.