Reports emerged a week ago that Ali Jassim, a close business associate of Manchester City owner Mansour bin Zayed Al Nahyan, is serving as a broker in Saudi Arabia’s plans to buy Newcastle United through the kingdom’s sovereign wealth fund – Public Investment Fund.
His role wasn’t particularly very clear at the time, but he has finally revealed it during the ongoing court case between PCP Capital Partners’ owner Amanda Staveley and Barclays.
As shared by The New York Times’ Tariq Panja on Twitter, Jassim agreed a cooperation agreement to share commission if he helps to source a buyer for the Magpies, but now Staveley is now a principal and he has nothing to do it with it anymore.