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A bid by a Saudi Arabian state fund to secure ownership of Newcastle United is drawing scrutiny, but even if it succeeds it is unlikely that the petrodollars will transform the Premier League club into a powerhouse in the near future.
The prospect of the Saudi bid fuelling a rapid rise to the top, in the manner of Manchester City’s four title successes under owners from the United Arab Emirates, has thrilled many Newcastle fans, but several analysts believe that the investment impact may not be on such a scale.
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