Newcastle United are owned by Saudi Arabia’s Public Investment Fund [PIF] and they are in the process of buying another club.
That’s according to Wednesday’s edition of Jornal do Comércio, and they state Newcastle owners are in negotiations to buy Santa Cruz Futebol Clube.
Supporters of the Brazilian club are pressuring the leaders, but they want to be cautious.
Newcastle United’s owners are planning to create a multi-club model, and this has seen them show interest in investing at Santa Cruz.
The newspaper states Santa Cruz’s board are in negotiations with the Magpies’ custodians and would welcome their investment. They add former defender Ricardo Rocha is involved in negotiations between the parties.
PIF will face competition as other investors are also looking at the possibility of buying Santa Cruz. This was revealed by Rocha during an interview with his son, Ricardo Rocha Filho, and his comments are relayed by another report from Jornal do Comércio.
“I know some friends. They are very serious people who are in a position to buy Santa Cruz. You can’t just accept any offer,” he said.
Newcastle United would of course be able to bring players through in Brazil if they had such a club related to them.