The boss behind the scenes has assets of 925 billion 💥Telecom exclusive: PIF directly intervenes + decides Isaac s future
According to the exclusive report of Luke Edwards, the Newcastle chairman and PIF (Saudi Public Investment Fund) directly intervened in the Isaac transfer, which will be up to them to determine the future of the players, rather than head coach Eddie Howe.
Newcastle continues to insist that Isaac is not a seller, and so far the club has shown a tough attitude towards Isaac's intention to consider Liverpool's offer.
Liverpool said last week that they were willing to pay £120 million in a record transfer fee, but that was much lower than Newcastle's valuation of more than £150 million of players.
Liverpool has not made a formal offer yet, but things may change in the coming days as they want to test Newcastle's determination to retain the players.
Newcastle club chairman Rumayan directly intervenes in this matter, and he usually does not participate in the daily operations of the club. But given the importance of Isaac, PIF hopes to dominate the process, rather than leave it to the head coach.
Saudi Public Investment Fund (PIF), a Saudi sovereign wealth fund, has estimated total assets of US$925 billion as of May this year. In 2021, the consortium led by PIF announced the completion of the acquisition of Newcastle, with a price of approximately 300 million pounds.