Manager Eddie Howe said on Friday that Newcastle United’s Saudi Arabian owners remained as committed to the club’s success even as their Public Investment Fund prepares to cut ties with the LIV Golf series.
PIF, which has spent more than $5 billion on LIV Golf since its launch in 2022, said on Thursday it would cut funding at the end of the 2026 season, leaving the breakaway circuit looking for new backers.
The sovereign wealth fund, chaired by Saudi Crown Prince Mohammed bin Salman, is involved in several other sports and acquired Newcastle in October 2021.
Asked about the meeting with PIF this week, Howe told reporters: “The owners and representatives of PIF were there and they were constructive, good meetings and I was a small part of that.
“It’s always constructive because they clearly care so much about the football club,” the England manager added, ahead of a home match with Brighton & Hove Albion on Saturday.
“The long-term planning that’s clearly going on, at a number of levels, these are exciting times for the club, regardless of what happens in the short term…
«The desire is unchanged, to try to reach the top of the Premier League, to win as many trophies as possible consistently. I don’t think that will change, even though PIF are our owners, or co-owners, majority owners.»
In its statement announcing it would cut funding to LIV Golf, PIF added that it remained committed to deploying capital internationally in line with its investment strategy, “including current and future investments in various sports as a priority sector.”
Newcastle enjoyed some success in their first few seasons under Saudi ownership, qualifying for the UEFA Champions League twice and winning the League Cup last year.
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However, the side have struggled this season and sit 14th in the Premier League table after four consecutive defeats, leading to questions over Howe’s future at the club.
“I’ve never needed clarity in my mind, in the sense that I’m here, I’m working and I’m committed,” he said.
«A football club has to do what a football club has to do. The football club has to see that we are going in the right direction and that there is a positive feeling and fight on all fronts.»
«You can talk all you want, but the proof is in the way the team performs. I have no illusions that that has to be positive.»
Published on May 1, 2026
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