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Joe Mewis

Newcastle United set for major ownership shift as PIF plot European expansion: report

Newcastle United PIF Newcastle Europe Eddie Howe Stu Forster Chelsea Saudi Arabia

NEWCASTLE UPON TYNE, ENGLAND - OCTOBER 04: A general view inside the stadium as fans of Newcastle United display banners prior to the UEFA Champions League match between Newcastle United FC and Paris Saint-Germain at St. James Park on October 04, 2023 in Newcastle upon Tyne, England. (Photo by Stu Forster/Getty Images).

It’s been four-and-a-half years since Saudi Arabia’s Public Investment Fund (PIF) took over at Newcastle United.

On the pitch, a first trophy for more than half a century has been delivered, as has a return to club football’s biggest stage, when Eddie Howe’s men qualified for the Champions League at the end of the 2022/23 season.

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