The PIF League

The PIF League

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  • Newcastle United FC’s Saudi Arabian owners are considering buying another top football club in Europe, as the kingdom prepares for more big spending in sports. In recent weeks, Saudi Arabia has actively pursued the development of its domestic football league by acquiring several local teams and making substantial investments. to attract renowned international players, including those from the Premier League.
  • The acquisition of Newcastle United continues to stand as one of Saudi Arabia's most notable sporting investments to date. Sport has been a significant focus for the kingdom in its endeavors to diversify the economy and enhance tourism. 

Why it matters

Saudi Arabia’s Public Investment Fund has in recent days switched from only considering the addition of smaller teams to its football stable, to potentially buying another team from one of Europe’s five big leagues.


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