Kieran Maguire: Newcastle United emulating PSG with new bid - 'this has got everyone's attention'
Newcastle United could benefit from a Saudi Arabia-hosted World Cup in the same way that Paris Saint-Germain have done ahead of the tournament in Qatar.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about Saudi’s ambition to stage football’s biggest event in collaboration with Egypt and Greece.
Newcastle were bought by the Gulf state’s sovereign wealth fund for £305million in October last year.
Per the Times last Thursday (8 September), the Saudi regime is now spearheading a three-country bid to host the 2030 World Cup.
The tournament would, like the upcoming World Cup in Qatar, be hosted in winter to avoid searing temperatures in the region.
French giants PSG are owned by Qatar Sports Investments, and club president Nasser Al-Khelaifi has been one of the chief architects of the 2022 World Cup project.
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Maguire explained why the Magpies would benefit from a Saudi World Cup just as the 10-time Ligue 1 champions have done from the Qatar campaign.
“Newcastle can certainly benefit if this bid is successful,” he told Football Insider’s Adam Williams.
“Newcastle will be the focus of everybody’s attention as far as the competition is concerned. This is similar to what we have seen with Paris Saint-Germain and the 2022 World Cup in Qatar.
“There are commercial opportunities that go hand in hand with that, and we know that revenue stream is so important to Newcastle if they are to fulfil their ambitions.
“So, yes, they will be backing Saudi all the way to try and get this one over the line.“