Maguire tips pre-season Saudi Arabia tour amid major Newcastle-PIF update
Newcastle United could combat financial fair play constraints under a PIF regime by organising pre-season tours of Saudi Arabia.
That is according to finance guru Kieran Maguire, speaking exclusively after Football Insider revealed a fresh twist in Newcastle’s ongoing takeover battle.
PIF has assets approaching £300billion and Newcastle would instantly become one of the wealthiest clubs in world football if a takeover is completed.
But FFP, Uefa’s system designed to stop clubs from spending beyond their means, could prove a barrier to any dreams of global footballing conquest.
Maguire explained that business opportunities in the Middle East represent an effective way to help overcome FFP.
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He told Football Insider correspondent Adam Williams: “Financial fair play is a challenge for them and it will reduce the rate of acceleration but there are ways of taking on the system.
“If all of a sudden Newcastle effectively become the national team of Saudi Arabia, they could host pre-season tours.
“Could they have the ability to sign up with commercial partners in the Middle East on the back of this?
“That would increase their income which would allow them to invest more in players.
“These are the type of things we could see happen. We’ve seen what’s happened at Everton in terms of the naming rights deal for Bramley Moore Dock too.
“These are all possible options.”
Current Newcastle owner Mike Ashley is an almost universally unpopular figure at St. James’ Park.
He has been attempting to sell the club for over a decade.