New castle fc owner

You're referring to Newcastle United Football Club!

As of 2021, the owner of Newcastle United FC is the Public Investment Fund (PIF) of Saudi Arabia, a sovereign wealth fund. The PIF acquired a 80% stake in the club, with the remaining 20% held by the club's previous owner, Mike Ashley.

The takeover was completed on October 7, 2021, after a lengthy and complex process. The PIF's acquisition of Newcastle United marked a significant change in the club's ownership and direction, with the new owners pledging to invest heavily in the team and infrastructure.

The PIF is a sovereign wealth fund that manages the financial assets of the Saudi Arabian government. It has a significant portfolio of investments around the world, including in real estate, energy, and finance.

Under the new ownership, Newcastle United has made significant changes to its management and coaching staff, with Eddie Howe appointed as the club's head coach in November 2021. The team has also invested in new players and facilities, with the aim of competing at a higher level in the Premier League and potentially in European competitions.