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Eddie Howe convinced Saudi backers still committed to Newcastle after cutting LIV Golf funding

The Independent·Damian Spellman·about 1 month ago
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Eddie Howe remains convinced that Newcastle United’s Saudi backers are fully committed to establishing the club as a global football powerhouse, despite a recent review of a challenging season and the Public Investment Fund’s decision to withdraw funding from LIV Golf . The 48-year-old head coach emerged from a "constructive" review at Matfen Hall on Thursday, confident that Saudi Arabia’s Public Investment Fund (PIF), which holds an 85 per cent stake in the Magpies, is still dedicated to the ambitious vision set out when they took control in October 2021. His discussions were held with Yasir Al-Rumayyan, chairman of both Newcastle and PIF. These talks coincided with the Saudis’ announcement that they will cease funding LIV Golf, into which they have invested over $5bn (£3.7bn), at the close of the 2026 season. Despite this significant financial shift, Howe indicated he did not push for any specific assurances regarding PIF’s future financial support for Newcastle.…

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