Tag: Newcastle United

‘The Magpies’ to soar with PIF-led takeover

Saudi Arabia acquires Newcastle United

An investment group led by the Public Investment Fund (PIF), and also comprising PCP Capital Partners and RB Sports & Media (an off-shoot of private equity and investment operation) (the ‘Investment Group’), has completed the acquisition of 100 percent of Newcastle United Limited (private... » Read more

Saudi Arabia into sports shopping spree

Saudi Arabia into sports shopping spree

Saudi Arabia is embracing sports in a big way and sees racing, boxing and soccer as a means to enhance its image. The kingdom did not have a huge footprint on the world sporting map. But, of late, the staging of sporting events extraordinaire has marked a sharp turnaround for the oil-rich... » Read more

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