Does Saudi Arabia own Premier League club Newcastle United?

SAUDI ARABIA meets Argentina, Poland and Mexico in the World Cup group stage.

The best result Saudi Arabia has ever seen was reaching the round of 16 in 1994 and qualifying for just six World Cups.

Saudi Arabia is playing in its sixth World Cup in 2022

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Saudi Arabia is playing in its sixth World Cup in 2022Credit: AP

They will try to get their best result ever but face a difficult challenge and go into Group C as underdogs.

The country was in the news last year when Newcastle United were acquired by a consortium led by the Saudi Arabia Public Investment Fund (PIF) – but does Saudi Arabia own Newcastle? We have all the details.

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Does Saudi Arabia own team Newcastle?

The Magpies were sold to the consortium by former owner Mike Ashley back in 2021 in a deal worth £300million.

PIF owns 80 percent of the club and its chairman is Crown Prince Mohammed bin Salman, son of the King of Saudi Arabia.

Newcastle United directors Amanda Stavely and Mehrdad Ghodoussi celebrate in the stands

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Newcastle United directors Amanda Stavely and Mehrdad Ghodoussi celebrate in the standsPhoto credit: Reuters

His involvement in the takeover led to opposition from human rights groups, who labeled the purchase as “sportswear”.

Despite this, the Premier League approved the Newcastle takeover after “legally binding assurances” that Saudi Arabia would have no control over the club.

The public face of PIF is Newcastle chairman Yasir Al-Rumayyan, while PCP Capital Partners received 10 per cent of the shares and RB Sports and Media owns the final 10 per cent.

Al-Rumayyan and Amanda Stavely, the owner of PCP, are believed to be the face of the deal with the country of Saudi Arabia, which Newcastle don’t own as the Premier League has been pledged.

https://www.the-sun.com/sport/6442101/saudi-arabia-premier-league-newcastle-united-owners/ Does Saudi Arabia own Premier League club Newcastle United?

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