Premiership trio decline to comment on reported Saudi Arabian investment
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NEWCASTLE, Gloucester and Northampton have declined to comment following a report they are among four Premiership clubs in talks with Saudi Arabian investors.
The Telegraph claims discussions have taken place between the clubs – Leicester are also named – and “associates” of the Saudi sovereign Public Investment Fund (PIF), which has an 80 per cent stake in Newcastle United.
According to the newspaper, any PIF investment in English rugby would be seven figures and include control of stadium naming rights, in addition to the formation of a Saudi-based rugby academy.
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