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Newcastle owners ‘targeting £800m takeover of European giants… and immediately set aside £250m for new stadium’

Club's current owners could prove tough negotiators as they want to retain a majority stake

NEWCASTLE’S Saudia Arabian owners are targeting an £800million takeover of Roma, according to reports.

The Saudi Public Investment Fund [PIF] purchased Newcastle from Mike Ashley in October 2021.

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The Saudis are looking to buy another club after taking over Newcastle

And the PIF are now planning to add Serie A giants Roma to their portfolio, according to .

Talks are underway with Roma’s American owners Dan and Ryan Friedkin, with the PIF understood to be planning a £768m offer.

The Saudis are also planning to invest a further £258m into the club to build a new stadium in Pietralata.

Private investor Turki Alalshikh, who is a royal adviser and president of the General Entertainment Authority of Saudi Arabia, could front the takeover bid.

However, the Friedkins could prove tough negotiators as they value the club at £1billion and want to remain majority shareholders.

Roma’s legal chief Eric Williamson, who works closely with the Friedkins, has been spotted in Riyadh, the capital of Saudi Arabia.

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He is believed to have discussed a potential takeover with the Saudis, as well as the club’s sponsorship deal with Riyadh Season, a Saudi sports and leisure festival that now features on the front of the Roma kit.

The PIF is part of the Saudi state and reportedly has resources of up to £1.1trillion.

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The sovereign wealth fund that holds a majority stake in Newcastle was valued at around £315bn when the takeover was confirmed.

The PIF purchased the Magpies for around £300m.

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