A friend of Kardashian’s assistance fund, and saudi arabia in a bid for the Newcastle 07/02/2020

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(Bloomberg) — The sovereign wealth fund of Saudi Arabia is currently working on with a friend of socialite Kim Kardashian-West, to close on a new deal.

Carla DiBello, one of entrepreneurship, which is closely related to the star of the TV is will advise you of the proposed purchase of the football club Newcastle United, and the Public Investment Fund (PIF), said people with knowledge of the matter.

DiBello is working on an agreement with the financier to the british, Amanda staveley estate, said the people, who did not wish to be identified. It may also have an advisory role to the acquisition of Newcastle United, a member of the Premier League season has been approved, ” said one of the people.

The consortium, supported by the PIF, is in talks to buy Newcastle United, controlled by the billionaire brit, Mike Ashley, for about 340 million pounds (US$ 440 million), said people with knowledge of the matter. She has been struggling to sell the team over the last few years, and it is not clear whether it will accept the offer.

In the PIF, led by the governor of Yasir Al-Rumayyan, it is a key goal of the crown prince Mohammed bin Salman, to diversify the economy, saudi arabia, and to reduce the dependence on oil. The fund manages about US$ 320 billion in assets under management, according to the Sovereign Wealth Fund Institute.

A spokesman for the PIF, did not immediately respond to requests for comment. DiBello has not responded to e-mails and messages on Instagram asking for feedback.

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DiBello, he founded a consulting firm called CBD Advisory company, specializing in making the connections between the Middle East and North America, according to the information of the web site. She has been personally involved in the agreements, in the amount of more than$ 250 million, according to the website, it makes no mention of any specific transaction.

DiBello also writes a column on style for Harper’s Bazaar Arabia, and it helps to connect with the filmmakers on the project in the Middle East. DiBello is a very close friend of the Kardashian’s for years, and it was the marriage of the star with the rap artist Kanye to the West, in the course of 2014.

More recently, DiBello has made frequent visits to Saudi Arabia. His page on Instagram a photo of her attending the School Polo shirt in January, and the exhibition of the annual investment in the kingdom, dubbed “the Davos in the Desert” in October.

To contact the editor responsible for this story: Daniela Milanese dmilanese@bloomberg.net

Reporters on the matter to the original by Matthew Martin in Dubai mmartin128@bloomberg.net David Hellier in London dhellier@bloomberg.net

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