Saudi Investment Fund acquires Newcastle club

The Saudi Public Investment Fund announced on Thursday that an investment group under its leadership acquired 100% of the English club Newcastle on Thursday.

And it stated on the account of the Public Investment Fund on “Twitter”: An investment group led by the Public Investment Fund and also includes “PCP Capital Partners” and “RB Sports & Media” (the “Investment Group”), has completed the 100% acquisition of Newcastle United Football Club. .

Yasser Al-Rumayyan, Governor of the Public Investment Fund, explained the acquisition, saying: “Today, we are pleased to acquire Newcastle FC, one of the most famous clubs in English football. On this occasion, we thank the Newcastle fans for their loyalty to this ancient entity over the years, and we look forward to working with them for the benefit of the club.”

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