Finance guru: Majed Al Sorour ‘causing a real stir’ as Newcastle United deal agreed
New Newcastle United director Majed Al Sorour is “causing a real stir” in the world of sport and will be a valuable addition to the boardroom.
That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider after the Saudi native’s appointment was confirmed via Companies House last Thursday (12 May).
The 48-year-old becomes the fourth member of the board alongside Amanda Staveley, Jamie Ruben, and his compatriot Yasir Al-Rumayyan.
Al Sorour is an adviser to the Saudi Public Investment Fund, who bought 80 per cent of Newcastle for £305million last October, and the CEO of the Saudi Golf Federation.
Plumley explained that new director has shaken up the world of golf and his skill set will be valuable to the Magpies’ ambitious footballing project.
“This is more of what we expect,” the Sheffield Hallam University expert told Football Insider’s Adam Williams.
“It ties in with the Saudi connection and there are potential multi-sport link-ups as well. There is a big Saudi golf super league at the moment that is causing a real stir. It is lining up to compete with the PGA.
“We now have a situation where the PGA are refusing to release players to play in the Saudi golf league, which shows you how significant it is.
“There will be knowledge partnerships and exchange. They will also look to leverage the brand of Newcastle wherever they can.”
Newcastle filed their annual accounts with Companies House on Monday (16 May).
The full results, however, will not be available for another 10 days.
In other news, Newcastle United and Aston Villa lead the race to sign Kalvin Phillips after Leeds United twist.