All PIF, all the time

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.