The Guardian’s Jonathan Wilson is out with an opinion piece on what he thinks is an uncertain future for Newcastle United under Saudi ownership. Wilson questions whether the club — which now has “the richest owners in the world” in the Public Investment Fund — can find success in the new Premier League season, particularly as the PIF continues to invest in the sports industry, making Newcastle less of an imminent priority.
REMEMBER- The PIF-owned club is now valued at USD 1.3 bn after the PIF raised its stake to85%, after the fund bought former owner Amanda Staveley’s stake.
Want to dive deeper? Check out our Enterprise Explains story of how the fund has shaped itself into a major global sports power, with Newcastle landing a large investment ticket.