PIF raises stake in Newcastle United to 85%

13/07/2024 Argaam
Logo ofThe Public Investment Fund (PIF)

Logo of The Public Investment Fund (PIF)

The Public Investment Fund (PIF) increased its stake in Newcastle United Football Club to 85%, as the sovereign fund and RB Sports &Media will together acquire PCP Capital Partners' shareholding in the club.

 

In a statement, the English football club said RB Sports & Media will own the remaining 15% stake, while Amanda Staveley will step down from all positions with Newcastle United.

 

For more news and details on M&As

 

 The structural changes are expected to complete in July 2024.

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