Newcastle FC new owners are a great deal. Soon, the club is becoming a giant in the English Premier League, thanks to the new owners. It has been a very busy week full of business deals revolving around the club. Finally, good news has been announced to the Newcastle fans that the Kingdom of Saudi Arabia company known as the Saudi Arabia Investment fund are the new owners of the Newcastle football club.

Football fans from all over the world have come out to express their joy in the takeover. Newcastle fans have been spotted celebrating outside Saint James Park. The news has brought joy to the fans since the Saudi Arabian sponsors will pump more money into the EPL-based club. Here is everything you need to know about the new owners.

Public Investment Fund of Saudi Arabia

This company was established in the year 1971 by the Saudi Arabian Government, aimed at enhancing the nation’s economy. The public investment Fund of Saudi Arabia is one of the largest sovereign wealth funds in the entire world.

Newcastle FC new Owners

Establishment of the Fund

In the year 1971, the Royal family through a degree established the fund. Through the fund, the Saudi Arabia government has carried out many projects that are directed towards the growth of its economy.

Net Worth of the entire Fund

The wealth of the fund keeps on fluctuating, depending on the profits from various investments. As of the year 2021, the net worth of the entire fund is estimated to be $400 billion, an equivalent of 346 billion Euros.

Sources of Wealth for the Fund

The Saudi Arabia Public fund has invested in key sectors that include petroleum refinery, petrochemical industries, water industries, transport, energy, and so on.

The leadership of  Newcastle Fc new owners

Being steered by Saudi Arabia’s new crown prince Mohammed , the fund has achieved great things. Apart from the Royal Family, the fund is also led by the board of directors and smaller board committees. Are you a student who needs help in assignments and coursework? Contact



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