Saudi Arabian state-linked group eyeing Valencia & Marseille takeover
Valencia are currently struggling in the LaLiga
A Saudi Arabian state-affiliated company is looking to acquire a European team "of Newcastle United's stature."
The group has determined that the two best alternatives at this point in the process are Valencia of La Liga and Olympique Marseille of Ligue 1, which would further increase its impact on the world game following the development of the Saudi Pro League.
The Public Investment Fund, which also owns Newcastle United and four Saudi Pro League clubs, does not currently have any plans to make any purchases.
On a purchase, mediators working for a state-affiliated organisation have made significant progress.
Due to their extensive historical legacy and recent underperformance, clubs of this class are viewed as being particularly alluring because there is significant room for growth from very small investments.
That was recently demonstrated by Newcastle United, who qualified for the Champions League after investing £300 million in just 15 months. Their dramatic victory over PSG marked the first Champions League match played at St. James' Park in 20 years.
Valencia's membership in the more well-known Spanish league made them more appealing than Marseille, although it is said that Peter Lim is hesitant to sell until the team moves into a new stadium.
In 2009, the new Mestalla stadium's construction was put on hold because Los Che wanted to replace their current home.
Additionally, the team might receive the funds necessary to complete the move in time thanks to Spain's hosting of the 2030 World Cup.
However, given the simpler approach and prior reports of Saudi attraction, the state-linked group may now turn to the French club.
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