October 12, 2021
Following 14 years with Mike Ashley at the helm, during which time the club was twice relegated from the Premier League, Newcastle United finally have new owners.
As has been widely reported, PCP Capital Partners now own 10% of the club, RB Sports & Media a further 10%, and a majority 80% stake belongs to Saudi Arabia's Public Investment Fund.
From accusations of sportswashing to claims of a separation between the Kingdom of Saudi Arabia and PIF, in this video, HITC Sevens attempts to sort the fact from the fiction, and address some of the worst arguments that have been made about Newcastle's takeover.
By HITC Sevens
