When the Saudi Public Investment Fund (PIF) took over Newcastle United, it’s not too far fetched to imagine that they were going to bring their evident wealth to bear at St. James’ Park.
It’s scarcely believable that PIF are worth $925bn/£779bn per their company website, placing them well ahead of the next richest club owners in the world, Man City’s Sheikh Mansour, who The Scotsman note has an individual wealth of $30bn/£25bn – very small change in comparison.
And yet it’s the latter...