CGTN Sports Talk: Will Newcastle United deal change Premier League?

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CGTN Sports Talk EP109 Newcastle United takeover.mp3

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Premier League team Newcastle United were acquired by Saudi Arabia's Public Investment Fund (PIF) in a deal worth over 300 million pounds ($408.4 million), becoming the third major European club funded by Middle East capital in recent years.

The rise of Manchester City and Paris Saint-Germain already showed the world the magic of unlimited funding. Now that Newcastle join the game and have someone with even deeper pockets behind them, what impact will the takeover have on Premier League and European football?

Directors Amanda Staveley (L) and Mehrdad Ghodoussi of Newcastle United pose for photographs at St. James Park after meeting with staff in Newcastle, England, October 8, 2021. /CFP

Fans of Newcastle United celebrate for the takeover of the team by Saudi Arabia's Public Investment Fund at St. James's Park, October 7, 2021. /CFP

Host: Li Xiang

Guest: Josh McNally

Cover designer: Feng Yuan

Chief editor: Chen Ran

Supervisor: Zhang Shilei

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