Glazers buy the club in a leveraged buy out. Very little of their own funds are used and the repayments come from the club and the huge income it makes, not the Glazers. Skip forward a few years, and they buy Ronaldo. Share price leaps to its highest price since 2018 and the Glazers sell their personal shares at a huge profit, whilst the club makes no money from this and the repayments continue to come from the club.
Seriously, the ship has sailed on moral probity in English football. The Saudi government human rights record is not exactly aligned with the FIFA mission statement of equality and opportunity to all, is it? When half of their population is treated as second class. No... I`m not impressed, but it`s not worse than Man City (or PSG). The FA and EPL are responsible for allowing the owner of Newcastle to be, in effect, MBS. Compared with the current government effectively being bankrolled by Russian businessman who have no interest in the wellbeing of the UK population, nobody should be too shocked by anything anymore
None of the above should discourage them from buying Kane for £190m though
Husband is a huge Newcastle fan, go figure!