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Eddie Howe confirms that Newcastle United's Saudi owners remain committed to the club's success despite plans to cut ties with LIV Golf. The Public Investment Fund has invested over $5 billion in LIV Golf since its inception in 2022.
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Newcastle United supporters celebrate outside St. James' Park in 2021 on the day the English Premier League club was sold to Saudi Arabiaâs sovereign wealth fund [Scott Heppell/AP]
Manager Eddie Howe says that Newcastle Unitedâs Saudi Arabian owners remained as committed as ever to â the clubâs success, even â as their Public Investment Fund prepares to cut ties with the LIV Golf series.
PIF, which spent more than $5 billion on LIV Golf since it launched in â 2022, said on Thursday that it would cut funding at the close of the 2026 season, leaving the breakaway circuit scrambling for new backers.
The sovereign wealth fund, chaired by Saudi Crown â Prince Mohammed bin Salman, is involved in several other sports and acquired Newcastle in October 2021.
Asked about meeting with PIF this week, Howe told reporters on Friday: âThe owners and representatives of PIF were over, and it was constructive, good meetings, and I was a small part of that.
âItâs always constructive because âthey clearly care so much about the football club,â the English manager added, speaking ahead of a home match with Brighton & Hove Albion on Saturday.
âThe long-term planning that is clearly going on, on a number of levels, itâs exciting times ahead for the club, regardless of what happens short termâŠ
The desire is unchanged, to try and get to the top of the Premier League, to try and win as many trophies consistently as possible. â I donât think, while PIF are our owners, or part owners, majority â owners, that will change.â
In its statement announcing it was cutting funding to LIV Golf, PIF added that it remained committed to deploying capital internationally in line with its investment strategy, âincluding current and future investments in various sports as â a priority sectorâ.
Newcastle enjoyed some success in their first few seasons under Saudi ownership, twice qualifying for the Champions League and winning the â League Cup last year.
However, they have struggled this season and â are 14th in the Premier League standings after four straight defeats, leading to questions over Howeâs future at the club.
âIâve never needed clarity in my head, in the sense that Iâm here, Iâm working, and Iâm committed,â he said.
The Public Investment Fund, chaired by Saudi Crown Prince Mohammed bin Salman, acquired Newcastle United in October 2021 and remains committed to the club's success.
The Public Investment Fund plans to cut funding for LIV Golf at the end of the 2026 season, which has prompted the breakaway circuit to seek new financial backers.
The Public Investment Fund has invested over $5 billion in LIV Golf since it launched in 2022.
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âA âfootball club has to do what a football club has to do. The football club needs to see we are going in the right direction and thereâs a positive feeling and âfighting âon all fronts.
You can talk as much as you want, but the proof is in how the team performs. Iâm under no illusions that that needs to be positive.â