вЂњEver since this deal was first talked about we said it represented a clear attempt by the Saudi authorities to sportswash their appalling human rights record with the glamour of top-flight football,вЂќ stated Amnesty International UKвЂ™s CEO Sacha Deshmukh. The takeover isnвЂ™t without controversy, as Saudi Arabia has been accused of human rights abuses. 'All parties are pleased to have concluded this process which gives certainty and clarity to Newcastle United Football Club and their fans.вЂќ 'The Premier League has now received legally binding assurances that the Kingdom of Saudi Arabia will not control Newcastle United Football Club. All parties have agreed the settlement is necessary to end the long uncertainty for fans over the club's ownership. 'The legal disputes concerned which entities would own and/or have the ability to control the club following the takeover. 'The Premier League, Newcastle United Football Club and St James Holdings Limited have today settled the dispute over the takeover of the club by the consortium of PIF, PCP Capital Partners and RB Sports & Media,вЂќ read a statement released by the Premier League yesterday. It has been a long time coming, with Mike Ashley originally agreeing the takeover in April 2020, but the consortium walked away following disagreements over who would run the club. The takeover has been celebrated by The Chronicle, which has described it this morning as a вЂњnew dawnвЂќ to вЂњrestore the clubвЂ™s proud place in our city.вЂќ While club legend, Alan Shearer told BBC Radio 5 Live that it gave fans вЂњhopeвЂќ and вЂњambition.вЂќ It has recently received a grant from the European space agency to develop an R&D base in the UK.

Reuben Brothers is also a major shareholder in hiSky, an Israeli-based provider of satellite-based telecom services. It also owns 4 further UK-based data centres in Thurrock, Milton Keynes, Bedford and Newton on Trent.ДЄccording to the firm, the total data space under its control is now 3.4m square feet, with plans to increase this to 4.5m sq ft. This operates 16 horse racing tracks across the country.ДЄs well as investments in agriculture, shipping, mining, airports and banking, Reuben Brothers also owns Global switch, вЂњthe worldвЂ™s highest credit rated data centre.вЂќ The former QPR board member is also a director of Arena Racing Company, which Reuben Brothers acquired in 2012. Reuben is the son of billionaire property investor, David Reuben and is a member of the UK's second richest family. It will be James Reuben who will be part of Newcastle UnitedвЂ™s 3-person board, alongside chairman, Yasir Al-Rumayyan and Amanda Staveley. RB Sports & Media is an off-shoot of private equity and investment operation, Reuben Brothers. The Saudi-led consortium behind the move is made up of PIF, PCP, Capital Partners and RB Sports & Media. While speaking at a press conference, RB Leipzig's CEO said, 'If I were a journalist,В I would have asked: 'Why is there a football match at all when there is war?' Why does this or that take place? These are questions that we could all again ask ourselves.' As a result of UEFA's decision to ban Russian clubs from competing in their competitions, Leipzig will progress to the quarter-finals of the Europa League as they were scheduled to play Spartak Moscow in the Round of 16.Overnight, Newcastle United has become one of the richest clubs in the world, with its new owners having assets of ВЈ250bn. Emotional RB Leipzig CEO insists football must stop While expressing his concern for Ukrainians, an emotional Mintzlaff also hoped that football stops entirely and all efforts are made to stop the war. Instead of the tensions between the two countries decreasing, the conflict seems to have escalated after Russian President Vladimir Putin has threatened Ukraine with his nuclear arsenal.ДЄmidst thisВ tragedy, RB Leipzig CEOВ Oliver Mintzlaff has backed UEFA and FIFA's decision to exclude Russian clubs and the national team from competing in competitions sanctioned by the two international football associations. The Ukraine-Russia war has entered Day 7 and there are no signs that indicate the crisis will end any time soon, as Moscow continues to invade Kyiv.

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