Saudi Arabia PIF with SRJ Sports Investments announcement - Implications for NUFC? NUFC
Saudi Arabia PIF with SRJ Sports Investments announcement – Implications for Newcastle United?The Saudi Arabia PIF is making ever greater strides in sport and especially football.
Now on Sunday , there has been this: ‘Saudi Arabia PIF today announced the establishment of SRJ Sports Investments, a sports investment company that aims to accelerate the growth of the sports sector in Saudi Arabia and MENA region.’However, reading the announcement below, I find it difficult to see how Newcastle United doesn’t also play a key role in the overall Saudi Arabia PIF strategy, both domestically and global.
If you doubt how successful their investment strategy can be, just look at Newcastle United, the Saudi Arabia PIF getting an 80% stake in NUFC for £244m and even if you take into account further cash invested in the club, I reckon the Saudi Arabia PIF stake in Newcastle United is easily worth £1billion or more now.
06 August 2023: The Public Investment Fund today announced the establishment of SRJ Sports Investments, a sports investment company that aims to accelerate the growth of the sports sector in Saudi Arabia and MENA.
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