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CastleBravo45 t1_jebqc5i wrote

Yasir Al-Rumayyan is the governor of the PIF and Chairperson at Newcastle. MBS is not on Newcastles board, so how would Newcastle get sanctioned? Its unclear how much control MBS actually exerts over the PIF.


prollyanalien t1_jebro3i wrote

In the PIF the governor serves under the chairman, and the chairman is the head of the organization. The PIF owns Newcastle, and the PIF is headed by MBS effectively making Newcastle’s owner MBS.

It would be like if Ratcliffe’s INEOS bought Manchester United and installed someone other than Ratcliffe as chairman of the board, nobody would be saying that Ratcliffe isn’t the owner of Manchester United despite him not being the chairman of the club.