"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. Progress off the pitch following the controversial 305 million takeover has been somewhat slower,"
"However, PIF are reportedly said to be stepping up plans for a multi-club ownership model which will make a significant impact on how the club is run. According to the Daily Mail, staff at Newcastle have been instructed to prepare for an expansion into a multi-club model, indicating that PIF are ready to begin operations in mainland Europe. This move could happen as early as this year, with work actively being undertaken in order to identify clubs in Belgium and France"
Saudi Arabia's Public Investment Fund (PIF) completed a 305 million takeover of Newcastle United four-and-a-half years ago. On-field achievements include a first major trophy in over 50 years and Champions League qualification in 2022/23, plus a Carabao Cup win. Off-field progress has lagged, with delayed stadium updates and turnover among sporting directors. PIF is advancing a multi-club ownership plan targeting mainland Europe, with staff preparing for expansion and candidate clubs being identified in Belgium and France. The multi-club model would allow player placement across affiliate clubs and facilitate loans, countering post-Brexit restrictions on signing under-18 foreign players.
Read at www.fourfourtwo.com
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