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)
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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

  • 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.
 

 


Real Madrid great Luka Modric leaving club after 13 years. Exit to follow Club World Cup

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Real Madrid great Luka Modric leaving club after 13 years. Exit to follow Club World Cup

  • Madrid will pay tribute to Modric in their last match of the season Saturday against Real Sociedad in La Liga at Santiago Bernabeu Stadium
  • In 13 seasons, Modric helped the club win 28 titles: six European Cups, six Club World Cups, five European Super Cups, four Spanish leagues, two Copas del Rey and five Spanish Super Cups

MADRID: Real Madrid and midfielder Luka Modric — the most decorated player in the club’s history — have agreed to part ways after the Club World Cup.

The 39-year-old Modric will leave after an “unforgettable time as a player at our club,” the club said in Thursday’s announcement.

Madrid will pay tribute to Modric in their last match of the season Saturday against Real Sociedad in La Liga at Santiago Bernabeu Stadium. The Club World Cup starts in mid-June in the United States.

“The moment has arrived,” Modric said on social media. “The moment I never wanted to come, but that’s football, and in life everything has a beginning and an end. On Saturday, I’ll play my last game at the Santiago Bernabeu.”

Modric arrived at Madrid in 2012 and became a key player during one of the most successful periods in the club’s history.

“Real Madrid wishes to express its immense gratitude and appreciation for a player who has become a true legend both of our club and world football,” the club said.

In 13 seasons, Modric helped the club win 28 titles: six European Cups, six Club World Cups, five European Super Cups, four Spanish leagues, two Copas del Rey and five Spanish Super Cups.

“Luka Modric will forever remain in the hearts of all madridistas (Madrid fans) as a unique and exemplary footballer who has always embodied the values of Real Madrid,” club president Florentino Perez said. “His football has captured the imagination of madridismo and fans all over the world. His legacy will live on forever.”

The Croatia international has made 590 appearances for Madrid — eighth on the club’s all-time list — and has scored 43 goals. He had been playing fewer minutes in recent seasons under coach Carlo Ancelotti.

He is one of only five players to have won six European Cups.

In 2018, Modric won the Ballon d’Or, was named FIFA’s best men’s player and UEFA’s men’s player of the year. Twice he’s been named the best midfielder in the Champions League.

“I’m leaving filled with pride, gratitude and unforgettable memories,” Modric said. “And although after the Club World Cup I won’t wear this shirt on the field again, I’ll always be a madridista.”

Modric did not indicate his post-Madrid plans, but a motivating factor could be that the 2026 World Cup is only a year away.

Modric’s 186 matches for Croatia make him the nation’s record-holder for international appearances. He won the Golden Ball at the 2018 World Cup in Russia — where Croatia lost the final to France — and the Bronze Ball at the 2022 World Cup in Qatar.


Raphinha extends Barca deal until 2028

Updated 22 May 2025
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Raphinha extends Barca deal until 2028

  • “Barcelona and Raphinha have reached an agreement for the renewal of his contract,” said the Catalan giants
  • Raphinha, a candidate to win the Ballon d’Or, has scored 34 goals and provided 25 assists

BARCELONA: Barcelona winger Raphinha signed a contract extension until 2028 on Thursday after a spectacular season.

The Brazilian, whose previous deal was set to expire in 2027, was vital as Barcelona won a domestic treble of La Liga, the Copa del Rey and the Spanish Super Cup.

“Barcelona and Raphinha have reached an agreement for the renewal of his contract, which will link him to the club until June 30, 2028,” said the Catalan giants in a statement.

Raphinha, a candidate to win the Ballon d’Or, has scored 34 goals and provided 25 assists in 56 matches across all competitions.

The 28-year-old is the joint top goalscorer in the Champions League with 13, but Barcelona were knocked out in a thrilling semifinal tie against Inter Milan.

He netted a hat-trick in Barca’s group stage win over Bayern Munich and a brace in the recent Clasico win over Real Madrid which took Barca to the verge of their La Liga conquest.

Raphinha’s contract renewal follows coach Hansi Flick’s on Wednesday, with the German penning a new deal until 2027.

Teenage winger Lamine Yamal, 17, is also expected to sign a new contract in the coming weeks.

His agent Jorge Mendes told reporters “he will renew (his deal) soon,” after having lunch with Yamal on the outskirts of Barcelona on Thursday.

Raphinha and Yamal have been devastating on the flanks for Barcelona, either side of veteran striker Robert Lewandowski.

The Catalans have scored 99 goals in 37 La Liga matches and are hoping to pass a century on Sunday when they visit Athletic Bilbao in the last match of the season.

Raphinha arrived in 2022 from Leeds United for around £55 million ($74 million) and helped Barcelona win La Liga in his first season.

However he came close to leaving the club after a disappointing 2023-24 campaign, but was convinced to stay by Flick.


Pulisic leads list of US absentees for Gold Cup

Updated 22 May 2025
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Pulisic leads list of US absentees for Gold Cup

  • Pulisic plans to take a break following a demanding season with his Serie A club
  • Fellow Milan midfielder Yunus Musah and Fulham defender Antonee Robinson were also left out of the squad

ROME: AC Milan’s Christian Pulisic will miss next month’s CONCACAF Gold Cup, leading a group of notable absentees from Mauricio Pochettino’s 27-man US squad announced on Thursday.

Pulisic plans to take a break following a demanding season with his Serie A club, where he featured in 49 matches across all competitions, tallying up 17 goals and 12 assists, while dealing with some minor injuries.

“Christian and his team approached the federation and the coaching staff about the possibility of stepping back this summer, given the amount of matches he has played in the past two years at both the club and international level with very little break,” US Soccer Sporting Director Matt Crocker said in a statement.

“We made the collective decision that this is the right moment for him to get the rest he needs. The objective is to ensure he’s fully prepared to perform at the highest level next season.”

Fellow Milan midfielder Yunus Musah and Fulham defender Antonee Robinson were also left out of the squad, while Juventus pair Weston McKennie and Tim Weah, along with Borussia Dortmund’s Gio Reyna, will be unavailable due to their clubs’ participation in the Club World Cup in the US which starts on June 15.

Defenders Alex Freeman and Quinn Sullivan, midfielder Sebastian Berhalter and forward Damion Down have all received their first senior call-ups.

“As we continue preparations for the World Cup, this is a fantastic opportunity to work with this group of players for an extended period and it’s important we take advantage of every moment,” Argentine manager Pochettino said.

“Of course, we want to win and to perform in a very good way. These players have earned the chance to compete for our fans and to show their quality and mentality.”

The US host Turkiye on June 7 before facing Switzerland three days later, with both friendlies serving as warm-ups ahead of the Gold Cup which runs from June 14 to July 6 in the US and Canada.


PSG sporting director Campos extends contract to 2030

Updated 22 May 2025
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PSG sporting director Campos extends contract to 2030

  • Campos “will oversee the sports strategy of the whole QSI group“
  • His existing deal was due to expire at the end of this season

PARIS: Paris Saint-Germain sporting director Luis Campos has extended his contract with the French giants in a boost to the club ahead of the upcoming Champions League final.

In a statement issued on Thursday, PSG’s owners Qatar Sports Investments (QSI) announced that Campos had renewed his contract “for an additional five years until 2030.”

Campos, who is from Portugal and began working with PSG in an official role of football adviser in 2022, “will oversee the sports strategy of the whole QSI group.”

That includes Braga, who finished fourth in this season’s Portuguese league and in whom QSI holds a minority stake.

Campos’s existing deal was due to expire at the end of this season and the announcement is welcome news for PSG as they prepare for the Champions League final against Inter Milan in Munich on May 31.

Before that they face Reims in the French Cup final on Saturday as they bid to complete a clean sweep of the domestic honors in France for the second season running.

Campos previously worked at Monaco and at Lille and has overseen the successful squad rebuild at PSG following the shift away from the superstar approach that led to the signings of Neymar and Lionel Messi.


Spurs edge Manchester United to win Europa League and end trophy drought

Updated 22 May 2025
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Spurs edge Manchester United to win Europa League and end trophy drought

  • The Spurs, who had not won European silverware since 1984, will play in next season’s Champions League

BILBAO: Brennan Johnson’s scrambled goal ended a 17-year Tottenham trophy drought with a battling 1-0 win over Manchester United in the Europa League final on Wednesday.
Spurs, who had not won European silverware since 1984, will play in next season’s Champions League, while failing to qualify for it is a severe financial set-back for Manchester United.
Despite their triumph in Bilbao, manager Ange Postecoglou’s future is still on the line following a shambolic domestic campaign, with Spurs sitting a place below United in the lower reaches of the Premier League table.
The Australian furiously insisted he was “not a clown” on the eve of the final and had the last laugh on a nerve-racking night at the San Mames, as he made good on his claim to always win a trophy in his second season in charge of a club.
“This is what it’s all about, this club hasn’t won a trophy for 17 years, honestly, this is what it means, it means so much,” Wales winger Johnson told TNT Sports.
“Ever since I came here it’s been (people saying) ‘Tottenham are a good team, but they never get it done’ — we got it done!“
Fans came from far and wide to pack Athletic Bilbao’s stadium, some taking quite preposterous routes and sleeping in cars to avoid eye-watering prices, but they could not escape a final lacking in quality.
It was a match between teams languishing in 16th and 17th place respectively after dismal Premier League campaigns and that was the essence of it too, played at high intensity but with low confidence, and a prize on the line so big it overawed.
There were a large number of turnovers, neither side keeping the ball with any ease, moves ending in panicked defending and balls being thumped to safety, or a litany of clumsy fouls.
Harry Maguire blocked well from Tottenham’s Pape Sarr early on after Johnson nipped in ahead of Luke Shaw to break in down the right.
Manchester United fans chanted Ruben Amorim’s name, backing their Portuguese coach despite the club’s worst Premier League season in half a century.
At the other end, 22-year-old United winger Amad Diallo, one of the few players high on self-belief, flashed a shot across goal and then left Destiny Udogie spinning, trying in vain to find him as he dribbled past.
Spurs made the breakthrough after 42 minutes and, perhaps fittingly, it came in the form of an extremely scrappy goal.
Tottenham midfielder Sarr, who had completed just a single pass to this point, curled in a cross to the near post for Johnson.
The winger’s attempted flick bounced off Shaw’s shoulder, brushed Johnson’s boot again and crossed the goal-line in slow motion with Andre Onana unable to claw it out with a desperate arm.
Spurs sat back in the second half, trying to protect their slender advantage and look for opportunities to strike again on the counter-attack.
They nearly found one when Yves Bissouma played in Dominic Solanke, but the striker could not control the pass and the chance went to waste.
Manchester United almost equalized when Tottenham goalkeeper Guglielmo Vicario came off his line but failed to claim a set-piece pounded forward from deep.
The ball dropped for Rasmus Hojlund but his header over the stranded Spurs stopper was sensationally cleared in acrobatic fashion by Micky van de Ven.
Spurs sent on captain Son Heung-min for the ragged Richarlison, with the South Korean international a surprising non-starter.
Manchester United turned to Alejandro Garnacho and Joshua Zirkzee to try and dig them out of their hole, but fell to a fourth defeat against Spurs this season.
Shaw had a chance to redeem himself at the end for his part in Johnson’s goal but his header was pushed to safety by Vicario.
Amorim said winning the trophy would not solve United’s many deep-lying problems but could set the club up well for the future, however United leave Bilbao without even that.
For the first time since the 2014-15 season they will not play European football next term.