Prince Mohammed Bin Salman wants to purchase Brazilian Cruzeiro Esporte Clube
October 18, 2021, 3:16 am

Prince Mohammed Bin Salman wants to purchase Brazilian Cruzeiro Esporte Clube

Crowned Prince Mohammed Bin Salman/Facebook

The One Football news website reported that earlier this month, Prince Mohammed Bin Salman bought Newcastle United for around £300 million, making the Premier League side one of the richest in the world.

It continued as saying that it seems as though the new Newcastle owners want to also dip their toes into owning a club in South America. According to TyC Sports (via TNT Sports Brazil), Salman wants to purchase Brazilian side Cruzeiro Esporte Clube.

According to the One Football, the report details that prince Salman maintains good ties with President Jair Bolsonaro and is interested in controlling clubs in South America, primarily in Brazil.

TyC Sports also reports that the prince targets European clubs such as Inter Milan and Olympique de Marseille. Both are currently facing economic crises, as well as Cruzeiro.

The One Football mentioned, this is the type of blueprint that Manchester City owners, City Football Group, have developed. They own multiple clubs on different continents, such as North and South America, whose crown jewel is the Premier League side.

It added that one could imagine this won’t have too much of an impact on things at Newcastle, so their fans needn’t be concerned, but it perhaps paints a worrying picture for the future of football as a whole.

How long before most clubs in every part of the world are all owned by a handful of wealthy individuals, or even funded by states, such as the likes of City, Newcastle and Paris Saint-Germain.

Source: onefootball

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”