Five years of Saudi: everything and nothing has changed at Newcastle
Daniel Chesterton/ Offside/Offside via Getty Images Jubilation: The PIF-led takeover five years ago was met with joy and relief by many Newcastle United fans. Fans danced in the streets after PIF took over from Mike Ashley, but the future at St James’ Park looks as uncertain as ever, writes Greg Lea 11 Oct 2026 - THE OBSERVER / Sport Greg Lea They flocked in their thousands to St James’ Park, that hallowed cathedral on the hill, a sea of black and white. Some wore thawbs and shemaghs, traditional Saudi dress; others waved the Gulf state’s flag. Truer to local form, still others were shirtless, answering the rallying cry on social media – #cans – with gusto. It was 7 October 2021 and Newcastle United fans had something to celebrate. Their club was in the relegation zone but it did not matter. Not right now. Newcastle had been bought by a consortium dominated by Saudi Arabia’s Public Investment Fund (PIF), ending Mike Ashley’s miserable 14-year tenure. (Sports Direct signs were soon...