News Formal

Premier League's Newcastle shirt sponsor is latest Saudi investment in global sports

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 59%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Saudi Arabian events management firm Sela is the new shirt sponsor for the Magpies.

By The Associated PressNewcastle announced a shirt sponsor deal Friday with a Saudi Arabian company linked to the sovereign wealth fund that is the English soccer club’s majority owner and the new investor in golf's PGA Tour.

British media reported Newcastle's sponsorship by events management firm Sela is worth 25 million pounds annually on a multi-year deal. Newcastle will play in the Champions League group stage next season for the first time in 20 years after placing fourth in the Premier League. It was the first full season for Newcastle since a 300 million pound takeover in 2021 led by the Public Investment Fund which manages more than $600 billion of Saudi state wealth.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 319. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Senators puzzled by PGA merger with Saudi golf leagueThe PGA Tour has spent the last two years bitterly fighting LIV Golf, an upstart golf league owned by the Saudis. So when the two leagues announced that they would merge, news that shocked the sports world, it caused lawmakers to scratch their heads.
Källa: dcexaminer - 🏆 6. / 94 Läs mer »