"A lot of the people that accuse us of that haven't been to Saudi, or seen what we are doing," Abdulaziz bin Turki Al Saud recently told the BBC.
In 2021, PIF purchased an 80% stake in Premier League club Newcastle United. Since last June, the sovereign wealth fund also controls 75% of the shares of top domestic clubs Al-Ittihad, Al-Nassr, Al-Hilal, and Al-Ahli, which made the spectacular arrivals of Cristiano Ronaldo, Neymar, and Karim Benzema possible.
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