The Saudi investment fund has entered into negotiations to buy the Newcastle United rival team in the English Premier League for 403 million euros, according to the Wall Street Journal quoted "people close" to the negotiations.

The fund is considered the key to Saudi Crown Prince Mohammed bin Salman to enter the world of sports and other investments.

The fund is involved in negotiations with a group of investors, among them the British investor, businesswoman Amanda Staffley who leads the negotiations that may reach "happy seals" within days or weeks, according to the newspaper, which did not exclude at the same time "its collapse".

In 2017, Staffley attempted to purchase the "McKbies" from its owner, British businessman Mike Ashley, before it withdrew from the negotiations in the last moments.

Last year, bin Salman tried to buy Manchester United and made an offer that amounted to about four billion euros, but the offer did not convince the American Glazers family, the owner of the club.

It is noteworthy that Abu Dhabi bought Manchester City in 2008 and has pumped more than one billion euros to contract players and coaches until it has become one of the best teams in the world.

Staffley was not the only one who tried to buy Newcastle, as a company owned by the Emirati Khalid bin Zayed Al Nahyan entered the team's purchase line last year, but the deal did not take place in the last few meters, as did a Mexican sports group that owns more than one team in its country, but the negotiations ended in failure .

The Mexican group was reported to have stopped following the deal because the Newcastle owner was "rude".

It is mentioned that Ashley - who reports British media reports that he wants to sell the club but at the price he deems appropriate - bought the club in 2007 for 156 million euros, and from that time his relationship with the fans is bad, because - in her opinion - he does not invest properly and does not contract with senior stars to restore glories The ancient team.

Because of the pressure of the fans, Newcastle, who is 14th in the Premiership table, contracted in January 2019 with Paraguayan striker Miguel Almiron from Atalanta, Italy, for about 24 million euros, and then included - in a record club deal - Brazilian Julenton from German Hoffenheim For about fifty million euros.

However, the players did not provide the required addition, and together they scored only three goals this season.