Newcastle United FC is a household name in the English Premier League and has been one of the most consistent teams over the years.
Newcastle United FC is owned by the Public Investment Fund with an 85% ownership stake, while the remaining 15% is held by RB Sports & Media.
Public Investment Fund
The Public Investment Fund owns the majority shares (85%) of the Newcastle United Football Club following the takeover.
The PIF is the sovereign wealth fund of the Kingdom of Saudi Arabia, owned and controlled by the Saudi Arabian government, and has assets estimated to be US$930 billion.
The PIF was established in 1971 and was saddled with the responsibility of managing the country's national funds.
Read: Ranking the wealth of the PIF and other English football club owners today
How the Public Investment Fund makes money
The PIF is funded through proceedings of the natural resources wholly handled by the Saudi Government. It is currently one of the largest sovereign wealth funds globally. Over the years, it has invested in numerous sectors, especially sports, where its investment spans across WWE, golf, Formula 1 and European football.
Here's a quick summary of the PIF investment projects and source of wealth.
Technology
The PIF has investments across different engineering and technology companies, including Posco Engineering & Construction Co., Uber, Boeing, Meta Platforms, Alphabet, Capcom, Nexon and other ventures, according to Wikipedia.
Leisure, Tourism and Entertainment
The PIF has significant investments in the leisure and tourism sector. It owns Qiddiya, which is an entertainment and tourism megaproject with subsections including:
Six Flags Qiddiya
Six Flags Qiddiya is set to be one of the largest theme parks in the Middle East. It would have some fascinating features, which include Falcons Flight, which is a roller coaster. It is currently under construction and planned to be a major tourism destination when completed.
Dragon Ball theme park
This would be a Dragon Ball theme park and include other attractions like roller coasters and other features.
Qiddiya Speed Park
It is a planned FIA Grade 1 motor racing circuit which is expected to host Formula One or MotoGP races.
The Red Sea Project
The Red Sea Project is a tourism mega-project that would feature hotels and other leisure centres, including buildings for tourists on the red beaches of Saudi Arabia.
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Rocco Forte Hotels
Newcastle United FC
The PIF are the majority owners of Newcastle United FC with a £300m takeover alongside RB Sports & Media.
LIV Golf
It has a partnership with LIV Golf, a private golf tour for professional golfers.
RB Sports & Media (David and Simon Reuben)
David and Simon Reuben (the Reuben brothers) are the minority shareholders of Newcastle United FC with a 15% stake in the club. They're regarded as one of the richest families in the United Kingdom, with an estimated net worth of £24.9 billion.
How David and Simon Reuben make money
The Reuben brothers are property investors. They own some of the biggest properties across the United Kingdom.
Real Estate
In the real estate industry, they own properties across the United Kingdom, including Millbank Tower, John Lewis Partnership headquarters and the American Express offices in Victoria, Central London.
Aldergate Investments
Aldergate Investments is known for the provision of luxury and leisure.
Newcastle United
They own a 15% stake in the Premier League's Newcastle United FC.
Arena Racing Company
They own the Arena Racing Company, which is a private company involved in leisure and horse racing.
EDGLRD
They own a stake in EDGLRD, a creative and technology company.