How the sale of Newcastle United to Saudi Arabia’s PIF transformed the club’s fortunes

Special How the sale of Newcastle United to Saudi Arabia’s PIF transformed the club’s fortunes
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Newcastle players celebrate after winning the EFL Cup final soccer match between Liverpool and Newcastle at Wembley Stadium in London on March 16, 2025. (AP Photo)
Special How the sale of Newcastle United to Saudi Arabia’s PIF transformed the club’s fortunes
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Updated 20 March 2025
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How the sale of Newcastle United to Saudi Arabia’s PIF transformed the club’s fortunes

How the sale of Newcastle United to Saudi Arabia’s PIF transformed the club’s fortunes
  • NUFC was purchased by Saudi Arabia’s Public Investment Fund in October 2021, marking the start of a major turnaround for the club
  • Under head coach Eddie Howe, the English football side have avoided relegation and quickly become top Premier League contenders

DUBAI: For the majority of football fans, Jan. 22, 2021, is unlikely to be a date that sticks in their long-term memory. But for supporters of one club in particular, it is one that is laden with significance.

With just 15 minutes left of Newcastle United’s match against Leeds United at Elland Road, the score was 0-0. A miserable Premier League season looked set to continue for Eddie Howe’s team. 




Newcastle's head coach Eddie Howe lifts the trophy after winning the EFL Cup final soccer match between Liverpool and Newcastle at Wembley Stadium in London on March 16, 2025. (AP)

Then up stepped Jonjo Shelvey to give Newcastle a priceless 1-0 victory. It is no exaggeration to say that the win instantly changed the complexion of the team’s season and with it the club’s trajectory.

Going into their 21st match of the league season, Newcastle United had found themselves with just one previous win, leaving them stuck in the relegation zone.

FASTFACTS

• Newcastle is a one-club city.

• Newcastle United’s Carabao Cup win was their first trophy in 55 years.

• Newcastle have won Four League titles and six FA Cups.

After the win at Leeds, however, Newcastle would embark on a run that would see them win five of their next six matches, and nine of the next 13. The team cruised to safety and ended the season in a comfortable 11th place.

Howe had conjured a miracle that barely seemed feasible just a few months earlier when he was tasked with turning around the club’s fortunes following their sale by long-time owner Mike Ashley.

On Sunday, as Howe, his team, and chairman Yasir Al-Rumayyan celebrated with delirious fans at Wembley after Newcastle defeated Liverpool 2-1 in the Carabao Cup final, those memories from just three years earlier must have seemed like a distant bad dream.




NUFC Chairman Yasir Al-Rumayyan celebrates at Wembley after Newcastle defeated Liverpool 2-1 to win the title on March 16, 2025. (AFP)

Newcastle had won their first major trophy in 55 years, justifying the faith that Saudi Arabia’s Public Investment Fund (PIF) had shown in the club and the city when it finally completed a takeover on Oct. 7, 2021.

PIF, alongside Amanda Staveley’s PCP Capital Partners and Reuben Brothers, had been pursuing the club for more than a year. Once the deal with Ashley had been completed, they set about reawakening a sleeping giant — one of England’s and Europe’s biggest clubs.

Newcastle United supporters had had few reasons to celebrate since the mid-1990s when manager Kevin Keegan’s “Entertainers” team had come close to winning the Premier League, only to lose out to Alex Ferguson’s unstoppable Manchester United.




Fans at Newcastle’s St. James’ Park have seen their club transformed in just three years. (AFP)

Now, backed by PIF and its chairman Al-Rumayyan in the boardroom, and with Staveley and husband Mehrdad Ghodoussi initially their public face, this was a club reborn.

The mission was to not only build a successful football team, but to also rejuvenate the local area surrounding St James’ Park in this one-club city.

First up was to hire Howe, a promising young English coach who had performed footballing miracles with Bournemouth FC by taking them from League One to the Premier League.




In this photo taken on October 7, 2021, Newcastle United supporters celebrate outside the club's stadium St James' Park in Newcastle upon Tyne in England after the sale of the football club to a Saudi-led consortium was confirmed. (AFP)

While at the time some supporters had expected a more established European coach, PIF’s decision to give Howe the reins on Nov. 8, 2021, has proved to be inspired.

Next was to assemble and oversee a squad capable of Premier League survival. If and when that was achieved, they would need to go on to challenge the country’s elite clubs at the other end of the table.

Without splurging on superstar names, Howe’s signings were astute. January of 2022 saw the arrival of Kieran Trippier for Atletico Madrid, Chris Wood from Burnley, Matt Targett from Aston Villa, and former Newcastle youth player Dan Burn from Brighton.

But, without a doubt, the jewel in the crown was Bruno Guimaraes from Olympique Lyon. Fans instantly fell in love with their gifted Brazilian midfielder.




Newcastle United's Brazilian midfielder Bruno Guimaraes celebrates on the pitch on March 16, 2025. (AFP) 

Another masterful trick managed by Howe was to rejuvenate players like Joelinton Cassio Apolinario de Lira, Sean Longstaff, and Miguel Almiron, who had stagnated under the reign of previous coach Steve Bruce and owner Ashley.

After relegation was easily avoided with a stunning second half to the 2021-22 Premier League season, the squad was strengthened in the summer transfer window with the signings of goalkeeper Nick Pope from Burney, highly rated Dutch defender Sven Botman from Lille, and the superlative Swedish international Alexander Isak from Real Sociedad.

Newcastle now had a formidable squad that was ready to challenge for trophies and European places. And that is exactly what they did in the 2022-23 season.




This combination of photos taken during the English League Cup final match between Newcastle United and Liverpool shows (clockwise, from top left) NUFC's Alexander Isak scoring their second goal, striker Callum Wilson (#09) fighting for the ball with Liverpool defender #Andrew Robertson, midfielder Harvey Barnes (#11) fighting for the ball with Liverpool's Dominik Szoboszlai, and Liverpool players reacting after Newcastle scored their second goal to win the title. (Reuters & AFP photos) 

At the start of 2023, Howe led the club to its first major cup final since 1998. But, on Feb. 28, the still-developing team found the task of defeating Manchester United a step too far, losing 2-0 at Wembley Stadium.

Despite the cup final defeat, Howe’s first full season as manager ended on a major high as the club finished in fourth place in the Premier League to secure a spot in the following season’s UEFA Champions League.

The following season would prove to be one of consolidation. Despite the signings of Anthony Gordon from Everton, Sandro Tonali from AC Milan, and Harvey Barnes from Leicester City, the team found it hard to balance the challenges of the Premier League and European competition.

 

 

A stunning 4-1 win over Paris Saint-Germain at St James’ Park in October, could not stop Newcastle from exiting the Champions League in the group stages. Their final position of seventh in the Premier League would have disappointed fans hoping for another invite to Europe’s top table.

But that was only a prelude to what will now go down as one of the greatest seasons in Newcastle’s history. There were moments of uncertainty for fans as the team’s Premier League form fluctuated throughout the current campaign. But glory was just around the corner. 

A superb two-legged Carabao Cup semi-final win, which saw a 2-0 victory at the Emirates followed by another at St James Park, gave Newcastle another chance to claim its first trophy in generations. This time it would be against Premier League leaders and England’s most successful club, Liverpool.




Newcastle fans erupt in celebration after Newcastle United's victory at Wembley Stadium on March 16, 2025. (AFP)

Sunday, March 16 would prove a golden day for Newcastle. Their fans, who had taken over central London in the two days leading up to the final, were as remarkable in the stands as their heroes were on the pitch.

Goals by the local hero Burn and talisman Isak either side of half time left supporters in dreamland. Despite a late Liverpool goal, Newcastle were not denied a well deserved 2-1 win.

Cue Bruno’s tears, Al-Rumayyan’s joyous celebrations and pure delirium on the Wembley terraces.

It was a victory 55 years in the making, but one achieved almost in a blink of an eye since the dark days of 2021.
 

 


Copa del Rey final referee breaks down over Real Madrid TV pressure

Copa del Rey final referee breaks down over Real Madrid TV pressure
Updated 3 min 4 sec ago
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Copa del Rey final referee breaks down over Real Madrid TV pressure

Copa del Rey final referee breaks down over Real Madrid TV pressure
  • “When a child of yours goes to school and there are kids telling him that his father is a ‘thief’ and comes home crying, it’s totally messed up,” De Burgos Bengoetxea said
  • “What I do is try to educate my son, to say that his father is honest, above all honest”

SEVILLE, Spain: Copa del Rey final referee Ricardo de Burgos Bengoetxea welled up on Friday when speaking about pressure officials have faced from Real Madrid TV this season.
Madrid take on rivals Barcelona on Saturday in the Spanish cup final in Seville and this week the club’s television channel launched a video attacking the official, which they have done to various referees this season.
Los Blancos also published an open letter in February claiming Spanish refereeing was “rigged” and “completely discredited.”
“When a child of yours goes to school and there are kids telling him that his father is a ‘thief’ and comes home crying, it’s totally messed up,” De Burgos Bengoetxea told a news conference.
“What I do is try to educate my son, to say that his father is honest, above all honest, who can make mistakes, like any sportsperson,” he continued, becoming emotional.
“This is really messed up... but the day I leave (the job), I want my son to be proud of what his father is, and what refereeing is, it has given us many values.”
Wiping away tears, the 39-year-old called for deeper thought on the issue of referee abuse.
“It’s not right what we are going through, many colleagues, and not just in professional football, but also at grassroots level,” he added.
“Everyone should reflect about where we want to go, about what we want from sport and from football.”
Pablo Gonzalez Fuertes, the referee in charge of VAR for the final, suggested officials could take further action over Real Madrid TV’s broadcasts in the coming weeks.
“Have no doubt that we are going to have to start taking much more serious measures than we are taking,” said Gonzalez Fuertes.
“We will not continue to allow what is happening. Soon, you will hear from us.
“We are going to make history, because we are not going to continue to bear what we are putting up with.”


Eddie Howe ‘not 100 percent’ on Newcastle return after pneumonia

Eddie Howe ‘not 100 percent’ on Newcastle return after pneumonia
Updated 25 April 2025
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Eddie Howe ‘not 100 percent’ on Newcastle return after pneumonia

Eddie Howe ‘not 100 percent’ on Newcastle return after pneumonia
  • Newcastle boss went into hospital on April 11 after feeling unwell for several days
  • He missed his side’s Premier League fixtures against Manchester United, Crystal Palace and Aston Villa

LONDON: Newcastle boss Eddie Howe admitted he does not feel “100 percent” after returning to work following his serious bout of pneumonia.
Howe went into hospital on April 11 after feeling unwell for several days and missed his side’s Premier League fixtures against Manchester United, Crystal Palace and Aston Villa.
The 47-year-old, who led Newcastle to their first major trophy in 56 years earlier this season, is not completely recovered but was keen to get back to work with the League Cup winners.
“I’m OK. I’m not 100 percent in my body, but I’d like to think I’m very close to 100 percent in my mind, which is the most important thing,” Howe told reporters on Friday.
“I tried to take a positive from every experience, I think that’s really important to try and do that, but this has been a real challenge because your health, you take for granted.
“I certainly have and when you don’t have the luxury of feeling normal, it can be very difficult.
“I certainly have been through a range of emotions, but thankfully I feel like I’m on the road to recovery, which is the most important thing and I’m delighted to be here.”
Assistant coach Jason Tindall filled in for Howe, securing comprehensive wins over United and Palace before last weekend’s 4-1 loss at Villa.
With fifth-placed Newcastle in the midst of a tense battle to qualify for the Champions League via a top five finish, Howe will be back at St. James’ Park for Saturday’s clash with lowly Ipswich.
“For those first two games, I was watching and involved. I wasn’t feeling well enough to probably enjoy the performances, but a big thank you to the players because they gave everything in those two games to get two massive wins for us,” he said.
“The staff behaved and acted absolutely brilliantly so a real tribute to them and now I’m back I hope I can add something to the group as we go into the last five games.”
Asked if his illness could have become life-threatening without quick action, Howe said: “I’m one of those people, probably like most men, that you sort of go through everything, you don’t necessarily offer yourself to doctors and people but think ‘I’ll be ok in a couple of days, I’ll fight through it’.
“So I was very thankful the doctor here, Paul Catterson, acted quickly because without that quick intervention it could possibly have had a different outcome.”
It will be a while before Howe feels able to join in training with his players, but he is relieved to get back to the daily routine.
“I came back in and it was normal service resumed, probably minus running around,” he said.
“A lot more reserved physically and I think I’m gonna be that way for a while, but certainly back to normal service.”


Bologna book final with Milan after cruising past Empoli in Coppa Italia

Bologna book final with Milan after cruising past Empoli in Coppa Italia
Updated 25 April 2025
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Bologna book final with Milan after cruising past Empoli in Coppa Italia

Bologna book final with Milan after cruising past Empoli in Coppa Italia
  • Bologna will play in the Coppa Italia final for the first time since their victory in 1974
  • Italiano: We dedicate this final to the people of Bologna, who support us tremendously

BOLOGNA, Italy: Bologna eased into the Coppa Italia final following a 2–1 victory over Empoli at home on Thursday, which handed them a resounding 5–1 aggregate win as they set up a showdown with AC Milan.

Bologna strolled into their Coppa Italia semifinal second leg with a comfortable cushion, with Empoli facing an uphill task of overturning a three-goal deficit.

Giovanni Fabbian compounded Empoli’s misery after just seven minutes when the unmarked midfielder headed in a cross to extend Bologna’s aggregate advantage.

While the visitors may have felt their Coppa Italia run was already over, they still responded in the 33rd minute as Ola Solbakken’s angled drive was parried by Federico Ravaglia into the path of Viktor Kovalenko, who slotted in the rebound.

Both sides used the closing stages to express themselves more freely, playing with flair and imagination, but it was Thijs Dallinga who met a cross to head in another Bologna goal four minutes from time, sealing the win.

First final in 51 years

Bologna will play in the Coppa Italia final for the first time since their victory in 1974.

“It was a goal, the dream of this city and the club: we have honored this competition from the start, and when you reach the final stretch, everyone wants to go all the way,” Bologna manager Vincenzo Italiano told Mediaset.

“We dedicate this final to the people of Bologna, who support us tremendously.”

Bologna will face Milan at the Stadio Olimpico on May 14.

“That would upset Milan, but we hope to play a great match, arriving in top condition,” Italiano added.

“Our self-esteem is already sky-high, and we know we’re facing a team of champions, but we’ll try to use our strengths. We can’t wait to get to Rome, and we hope to have those 30,000 fans at the Olimpico.”


Atletico thump Rayo, Valladolid relegated after Betis defeat

Atletico thump Rayo, Valladolid relegated after Betis defeat
Updated 25 April 2025
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Atletico thump Rayo, Valladolid relegated after Betis defeat

Atletico thump Rayo, Valladolid relegated after Betis defeat

MADRID: Atletico Madrid cruised to a 3-0 La Liga win over Rayo Vallecano on Thursday as they bounced back from defeat at Las Palmas last weekend.
Real Betis bolstered their Champions League ambitions with a 5-1 win over Real Valladolid, confirming the visitors’ long-expected relegation.
Atletico have little to play for in the rest of the season with leaders Barcelona 10 points clear with five matches remaining, but produced a solid derby display.
Alexander Sorloth opened the scoring in the third minute after Giuliano Simeone, son of coach Diego, crossed for the Norwegian target man to nod home at the back post.
It was a formula which should have led to more goals for Atletico but the striker wasted several presentable opportunities.
Sorloth headed over a few minutes later and then was denied by Rayo goalkeeper Augusto Batalla.
Atletico were outplaying Rayo but the visitors could have levelled when Isi Palazon drilled toward the far corner and Jan Oblak made a fine save.
Sorloth spurned another headed opportunity before Conor Gallagher struck just before half-time.
Rodrigo de Paul lofted a cross into the area which the former Chelsea midfielder nodded beyond Batalla.
Oblak tipped over a Palazon header as Rayo looked for an equalizer, before Atletico substitute Antoine Griezmann fired narrowly wide after a Julian Alvarez backheel teed him up.
Julian Alvarez rounded off the win in the second half with his 15th La Liga goal of the season after Griezmann sent him through.
Real Betis bolstered their hopes of finishing in the top five as they hammered Valladolid at the Benito Villamarin stadium with playmaker Isco on the scoresheet.
Former Brazil great Ronaldo is the majority shareholder at Valladolid, who were promoted last season but immediately return to the second tier after losing 25 of their 33 games so far.
Betis moved fifth, two points above Villarreal who have a game in hand which they will play on Sunday against Espanyol.
Earlier Osasuna beat Sevilla 1-0 and Leganes grabbed a late 1-1 draw at home against Girona, leaving the Madrid side 19th and four points from safety.


Dortmund’s Gross and Beier doubtful for Hoffenheim clash, says coach

Dortmund’s Gross and Beier doubtful for Hoffenheim clash, says coach
Updated 24 April 2025
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Dortmund’s Gross and Beier doubtful for Hoffenheim clash, says coach

Dortmund’s Gross and Beier doubtful for Hoffenheim clash, says coach
  • Dortmund, in seventh place with four games left to play, are desperate for a top-four finish to secure a Champions League spot for next season
  • “Gross has knee ligament problems,” Kovac told a press conference

BERLIN: Borussia Dortmund will likely be without the injured Pascal Gross and Maximilian Beier when they travel to Hoffenheim in the Bundesliga on Saturday, coach Niko Kovac said on Thursday.
Dortmund, in seventh place with four games left to play, are desperate for a top-four finish to secure a Champions League spot for next season.
They have won three of their last four league matches and drew against Bayern Munich, as they battle to make up for lost ground earlier in the season.
“Gross has knee ligament problems,” Kovac told a press conference in Dortmund. “I still have some hope but honestly I don’t think he will make it.
“Maxi is a similar case. He did not train. He can walk but running is painful but I also have not yet given up. But obviously we will not take any risks.”
Both players were injured in last week’s 3-2 win over Borussia Moenchengladbach but are not expected to be out too long.
Dortmund are on 45 points in seventh place. Eintracht Frankfurt, third with 52, host fourth-placed RB Leipzig (49) on Saturday. Freiburg (48) are fifth and visit Wolfsburg, while Mainz 05, who travel to Bayern Munich, are sixth with 47.
“The finish is approaching. The feeling I get is during this crunch time everyone player wants to be there, to go beyond any pain,” Kovac said.
“I am happy that the lads recognize the situation. Everyone can read the standings. Everyone knows what is at stake and everyone has to increase their focus,” he added.
“It does not matter thinking what can happen on May 17 (season finale). We have to keep doing our homework and focus only on the next game. We cannot look at the teams in front of us. We just have to keep winning to put pressure on them.”