Finance guru explains Al-Rumayyan’s ‘investment’ master plan after Newcastle Companies House reveal
Newcastle United director Yasir Al-Rumayyan has big plans to invest in the city as well as the club itself.
So says finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the businessman and Saudi Public Investment Fund leader.
Newcastle filed a Companies House update last Thursday (16 December) to confirm Al-Rumayyan’s appointment as director earlier this month.
It comes as no surprise as the 51-year-old has been one of the public faces of post-takeover Newcastle alongside fellow director Amanda Staveley.
The buck stops with Al-Rumayyan within the PIF in terms of how it expends its eye-watering estimated fortune of £378billion.
Plumley predicts that a fraction of the sovereign wealth fund’s resources will go towards infrastructure in Newcastle and its surrounding areas.
“This is part of the bigger-picture position,” the Sheffield Hallam University expert told Football Insider‘s Adam Williams.
“It looks like Amanda Staveley is going to be a big part of the day-to-day, and this position will be someone less vocal in the background.
“His position will be linked not just to investment in the club but also to investment in the surrounding area as well.
“That is in preparation to leverage the wider impact that is going to happen at the football club in the future.
“He has been there at all the games, but he is going to be an in-the-background-but-present figure.
“He will put pressure on the day-to-day operations to make sure things are running right.”
Newcastle have agreed a deal to bring in Nick Hammond as a transfer consultant, as revealed by this site last Friday (17 December).
He will spearhead a recruitment drive in January as 19th-place Magpies look to ward off relegation.
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