Saudi Arabia's sovereign wealth fund deploys capital in global sport as a pillar of Crown Prince Mohammed bin Salman's Vision 2030 soft-power and diversification programme.
England's Newcastle United FC, majority-owned since 2021 by Saudi Arabia's sovereign wealth fund, is a focal test case for state-backed ownership reshaping global football.
full dossier ›Saudi Arabia's Public Investment Fund, Qatar, and the UAE are spending tens of billions of US dollars on global sport to reshape their governments' reputations abroad.