Saudi Arabia’s Public Investment Fund took over Newcastle United Football Club.

It is all about which country is taking over which football club. You will like to know that in the world of sports South Arabia’s Investment Fund has taken over the Newcastle United Football Club. Originally it was dated back to April 2020, but the collaboration was put off due to the COVID pandemic and lockdown.

Sports is the most loved recreation in the world. Football is a global passion, so being a part of that passion will be a good factor in the Saudi Arabia state’s gaining international fame through Newcastle United Football Club ownership. They wanted to bring diversity to their ventures and investments, and buying this football Club fulfilled their goal.

What is Saudi Arabia’s Public Investment fund?

Saudi Arabia’s sovereign state-owned investment fund has a value of approximately 500 billion dollars; since they took over Newcastle United Football Club, they are the wealthiest owner in the world of football. The Newcastle owners are right now worth 320 billion pounds.

The whole country’s wealth is under the Newcastle United Football Club. In 2016, Wall Street Journal mentioned that Saudi Arabia’s football clubs’ wealth fund is the least transparent. That means they can use the wealth in whatever way and whichever they want. There is no need to give any statement against it.

What’s the worth of the Public Investment Fund?

Nevertheless, Saudi Arabia’s Public Investment Fund is the world’s richest sovereign wealth, but the opaqueness is more in it. The commoners will never know where they have made the investments and how they have made them.

Everything is so hush-hush that the whole procedure is under muddy water where you cannot detect how the currency is flowing and rolling. However, nobody has the authority to ask any controversial question about their existence of wealth and the incoming monetary root.

As a result, the commoners will need to find out which portion of the investments are legal or at all the investments are completely legal. The source of the wealth is completely hidden, so only a little is known about the Public Investment Fund.

Who is the head of this whole collaboration?

The Crown Prince of Saudi Arabia is the Deputy Prime Minister of Saudi Arabia – Mohammad Bin Salman. He is also the chairman of this Public Investment Fund and the ultimate authority. Now that they have bought the Newcastle United Football Club, the Crown Prince is expected to be putting up his words against others in the making and breaking of the rules of the Football Club. 

The deal had occurred between the old Newcastle United Football Club owner and the would-be king Mohammad Bin Salman’s Public Investment Fund. Nevertheless, major changes were seen in the world of funds and shares due to the takeover. All the transfers had happened from Mike Ashley’s company to the PIF consortium.

The achievements of Newcastle:

During the First Division Premier League back in 1904-1905, they were champions. Again the football club won their championships three more times, from 1906 to 1907, 1908-1909, and 1926 to 1927. They have been runners-up two times, namely in 1995 to 1996 and 1996 to 1997.

During the Second Division Championship league, they have been four times champions. Namely from 1964-1965, 1992 to 1993, 2009 to 2010, and 2016 to 2017. During the League Cup, they were one-time runners-up from 1975 to 1976. Similarly, during the Sheriff of London Charity Shield, they were one-time winners from 1906 to 1907.

Newcastle FA Cup achievements:

They have been six times runners up namely from 1904 to 1906, 1907 to 1908, 1910 to 1911, 1973 to 1974, 1997 to 1998, and 1998 to 1999. In the FA charity shield, they were one-time winners in 1909. Similarly, during the FA Cup, they have been five times champions, namely from 1909 to 1910, 1923 to 1924, 1931 to 1932, 1950 to 1952, and 1954 to 1955. However, they have lifted the FA Cup six times.

Why buy Newcastle United Football Club?

There hasn’t been any particular reason behind Saudi Arabia’s Public Investment Fund’s reason to buy Newcastle United. However, previously it was in talks that they wanted to take over a football club as a prestige asset. As we can see, the sovereign state will receive global branding for attaching its name to a football club. They have got a massive list of scandalous past histories within their territory.

However, Saudi Arabia has earned its position in the world Football forum by buying Newcastle United Club. Saudi Arabia’s Public Investment Fund is now an internationally acclaimed dignified investment fund organization. Various social media handles have celebrated this new collaboration.

The Richest Football Owners around the World with their valuation

Right now Newcastle United Football Club is topping the charts of all the richest owners in the world. And, why not? The Prime Minister has made sure the world comes to know about their aristocracy and richness through the most popular medium of sports.

The presence of Saudi Arabia in Europe:

Saudi Arabia has made a fabulous deal with Newcastle United Football Club as it has stepped into the world of European Football fans. Europe has been recognizing the presence of Saudi Arabia’s love for football with the Newcastle United Football Club.

International Recognition:

Nevertheless, football fans are always international so you can say Saudi Arabia has left a lasting impact on the world football fans’ hearts and minds. It is no less than what the Middle East could have expected other than their oil resources and religious conventional thoughts and views.

Not only that, the human rights record is extremely poor in Saudi Arabia. However, buying the Newcastle United Football Club is a major move. They are looking forward to changing the concept and minds of people.

It’s so-called Sportwash:

The Higher authorities of Saudi Arabia are trying to put their askew Crown in the right place over their heads with the presence of Newcastle United Football Club. As Newcastle is bringing in a global presence for the whole of the Middle East.