"PIF, which spent more than $5 billion on LIV Golf since it launched in 2022, said on Thursday that it would cut funding at the close of the 2026 season, leaving the breakaway circuit scrambling for new backers."
"The owners and representatives of PIF were over, and it was constructive, good meetings, and I was a small part of that. It's always constructive because they clearly care so much about the football club."
"The desire is unchanged, to try and get to the top of the Premier League, to try and win as many trophies consistently as possible. I don't think, while PIF are our owners, or part owners, majority owners, that will change."
"Newcastle enjoyed some success in their first few seasons under Saudi ownership, twice qualifying for the Champions League and winning the League Cup last year."
PIF announced it will cease funding for LIV Golf at the end of the 2026 season, having invested over $5 billion since its inception. Despite this, Newcastle United's manager Eddie Howe emphasized the owners' commitment to the club's success. Howe described recent meetings with PIF as constructive, highlighting their long-term planning and desire to compete at the top of the Premier League. Newcastle has seen success under Saudi ownership but is currently struggling in the league, raising concerns about their performance.
Read at www.aljazeera.com
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