PIF seeks Newcastle United investors for stadium project
Saudi Arabia's PIF is in talks to sell a minority stake in Newcastle United. The move would fund a stadium project that could cost over 1.34 billion dollars.
Xurve View
Xurve View
Saudi Arabia's sovereign wealth fund is in talks with investors for a minority stake in Newcastle United to fund stadium infrastructure. A new stadium could cost over £1B ($1.34B), while renovating the current site would cost hundreds of millions of pounds. The move signals a shift in PIF's sports strategy as it scales back ventures like LIV Golf.
