PIF announced on Thursday that it will stop funding LIV Golf after the 2026 season, leaving the breakaway circuit in search of new backers. Despite this decision, Newcastle United’s Saudi Arabian owners, including the Public Investment Fund, remain dedicated to the club’s success. Manager Eddie Howe expressed confidence in the owners’ commitment to the team’s long-term goals and ambitions for success in the Premier League and in competitions. PIF, chaired by Saudi Crown Prince Mohammed bin Salman, has invested heavily in various sports, including acquiring Newcastle in 2021.
Why It Matters
The decision by PIF to cut funding for LIV Golf signals a shift in their investment strategy, focusing on other sports ventures internationally. Newcastle United’s future success and performance in the Premier League may be impacted by this decision, as the club has seen both successes and challenges under Saudi ownership. The commitment of the owners to the club’s long-term goals remains firm, but questions linger about the team’s current performance and the future direction under manager Eddie Howe.
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