PIF own a number of clubs in Saudi Arabia as well as Newcastle United
Casemiro and Kobbie Mainoo of Manchester United in action with Joelinton of Newcastle United
Manchester United's rebuild looks set to continue with the purchase of Bryan Mbeumo after beating Newcastle United to his signature - and they look set to receive another boost off the back of the Magpies.
Ruben Amorim's side have already spent £62.5m on Wolves attacker Mattheus Cunha and are set to add Mbeumo to their firepower after submitting a revised deal to Brentford for the winger.
Amorim is also believed to want a defensive central midfielder to improve their control of games and is looking at a number of options.
It comes as Brazilian star Casemiro edges closer to the Old Trafford exit door with Saudi Pro League side Al-Nassr close to completing a deal for the veteran.
It is claimed negotiations are at an advanced stage for the transfer of the 33-year-old midfielder, who joined United in the summer of 2022 for a deal worth around £70m.
Al-Nassr are majority owned by Newcastle's owners, Saudi Arabia Public Investment Fund (PIF). They took ownership of the Saudi Pro League's four leading clubs, including Cristiano Ronaldo's Al Nassr and Al Ittihad.
As part of Saudi Arabia's Sports Clubs Investment and Privatization Project, the PIF took a 75 per cent stake in each of Saudi champions Al Ittihad, reigning Asian champions Al Hilal, Al Ahli and Al Nassr, with the remaining 25 per cent in each team being transferred to non-profit foundations from the Saudi Ministry of Sport.
Al-Nassr have targeted Casemiro for the second year running. The ex-Real Madrid man almost moved to the Saudi Pro League last summer but stayed at Old Trafford and emerged as one of Man Utd's better players in the second half of the season.
Man Utd reportedly require around £15m to avoid registering a loss on Casemiro, according to the Profit and Sustainability Rules. Just as importantly for them, however, selling Casemiro would save them £18.24m in wages, with the Brazilian on a whopping £350,000 per week contract.
If a deal does go through it won't be the first time Newcastle's majority owners have helped fund transfer business for their Premier League rivals.
Newcastle sold Allan Saint-Maximin to Al-Ahli for £22m in 2023, but Man City earned nearly £30m from the same club through the sale of Riyad Mahrez while Brentford cashed in on Ivan Toney for around £40m.
Al-Ittihad gave Aston Villa £50m for Moussa Diaby and the Villans also benefited to the tune of £65m from Al-Nassr in January when they acquired Jhon Duran. Al-Hilal, meanwhile, bought Ruben Neves from Wolves for £46m.
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