Saudi’s PIF shows interest to acquire Hundred franchise

user icon
GHADA.ISMAIL
calender icon
Aug 1, 2024
article image

Riyadh – Sharikat Mubasher: Saudi Arabia’s Public Investment Fund (PIF) expressed its interest in buying a new Hundred franchise based in Durham.

The sovereign wealth fund, which already owns Premier League outfit Newcastle United, is said to be contemplating its first cricket investment and a sale could take place very soon, according to a report by The Times Newspaper.

 This would represent its latest sports-focused purchase in the north-east of England, with PIF said to be focused on making further investments in the region.

While the Saudis are said to prefer buying a larger stake in the team than the 49 percent of shares on offer, this preference is considered unlikely to pose an issue for any deal.

The Saudis’ interest in investing in the north-east of England can be considered similar to how Abu Dhabi’s sovereign wealth fund, the owners of Manchester City, has invested widely in local communities surrounding the Etihad Stadium. As well as owning Newcastle United, PIF has reportedly held talks with four Premiership Rugby clubs over proposed seven-figure investments, with one team being Newcastle Falcons.


Share

Related News

Heerim Joins New Murabba to bring global design to Riyadh’s future downtown
News
Calendar Icon
July 10, 2025
Heerim Joins New Murabba to bring global design to Riyadh’s future downtown
Read More
Red Sea Authority licenses Maritime Solutions to offer coastal tourism activities
News
Calendar Icon
July 10, 2025
Red Sea Authority licenses Maritime Solutions to offer coastal tourism activities
Read More
New Murabba, Honeywell collaborate to advance smart infrastructure in Riyadh
News
Calendar Icon
July 10, 2025
New Murabba, Honeywell collaborate to advance smart infrastructure in Riyadh
Read More
BlueFive Capital raises $2bn GCC private equity fund
News
Calendar Icon
July 10, 2025
BlueFive Capital raises $2bn GCC private equity fund
Read More
E3. Ventures launches E3- AI launchpad accelerator to foster AI startups
News
Calendar Icon
July 10, 2025
E3. Ventures launches E3- AI launchpad accelerator to foster AI startups
Read More
UK’s 36Zero pacts with AstroLabs to expand into Saudi Arabia
News
Calendar Icon
July 9, 2025
UK’s 36Zero pacts with AstroLabs to expand into Saudi Arabia
Read More
Tamara, Amazon Payment Services offer split payments in Saudi Arabia, UAE
News
Calendar Icon
July 9, 2025
Tamara, Amazon Payment Services offer split payments in Saudi Arabia, UAE
Read More
Samsung Pay now live on Moyasar’s Payment Gateway
News
Calendar Icon
July 9, 2025
Samsung Pay now live on Moyasar’s Payment Gateway
Read More
stc powers up for Esports World Cup 2025
News
Calendar Icon
July 8, 2025
stc powers up for Esports World Cup 2025
Read More
Saudi Arabia maintains first position in Global Cybersecurity Ranking in 2025
News
Calendar Icon
July 8, 2025
Saudi Arabia maintains first position in Global Cybersecurity Ranking in 2025
Read More