• Loading stock data...
Monday, February 17, 2025

Saudi Arabia’s PIF Interested In Buying Another Soccer Team

  • Pacific Media Group is reportedly making Belgian soccer club KV Oostende available for $12 million.
  • Saudi Arabia’s Public Investment Fund also owns LIV Gold and Premier League club Newscastle United.
Newcastle United has added a new front-of-shirt sponsor.
NUFC

Saudi Arabia’s Public Investment Fund is looking to add to its expansive portfolio of sports properties. 

The PIF is reportedly in talks to buy Belgian soccer club KV Oostende. The club, which plays in Belgium’s second-division soccer league, could be bought for around $12 million. 

The Saudi fund — which owns LIV Golf and paid roughly $400 million in 2021 for an 80% stake in the Premier League club Newcastle United — is also “believed to be talking” to several other European soccer clubs potentially available for purchase. 

The Belgian club’s current owner is Pacific Media Group, a U.S.-based investment firm that has stakes in several other soccer teams across Europe. 

The PIF manages an estimated $620 billion in assets globally, including investments in companies such as Live Nation, Disney, Uber, and Meta, as well as video game giants Nintendo, Electronic Arts, Take-Two Interactive, and Activision Blizzard. 

The PGA Tour is in an ongoing antitrust legal case with the PIF’s LIV Golf.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jul 30, 2022; Pasadena California, USA; Juventus forward forward Dusan Vlahovic (9) and Real Madrid forward Vinicius Jose Paixao (20) battle for the ball in the first half during an international friendly at the Rose Bowl.

‘Make Juventus Great Again’: Crypto Firm Tether Buys Stake in Soccer Club

Tether is just one of many crypto firms making sports investments.

A Rival Upstart Looks to Challenge Major League Soccer’s Top Dog Status

The USL is planning to launch a Division I men’s soccer league.
Jun 13, 2018; Moscow, Russia; A general view of a beer stand inside of Luschniki Stadium one day prior to the start of the FIFA World Cup 2018.

Saudi Arabia Says No Alcohol at 2034 World Cup

Saudi Arabia won’t allow alcohol anywhere during the 2034 World Cup.

LIV Golf Players Can Still Wear Shorts—If It’s Hot Enough

Pants will only be required in certain temperatures, FOS has learned.

Featured Today

Feb 15, 2025; Montreal, Quebec, CAN; [Imagn Images direct customers only] Team United States forward Matthew Tkachuk (19) and Team Canada forward brandon Hagel (38) fight in the first period during a 4 Nations Face-Off ice hockey game at the Bell Centre.

Inside the Push for the NHL’s Next Era of International Competition

Players have been clamoring, and the league is all in.
Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
February 16, 2025

LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports

LVMH is making long-term deals—and they’re not done.
Feb 18, 2024; Indianapolis, Indiana, USA; Eastern Conference guard Damian Lillard (0) of the Milwaukee Bucks reacts after a play during the second half of the 73rd NBA All Star game at Gainbridge Fieldhouse.
February 15, 2025

The NBA’s Latest Attempt To Solve the All-Star Game Conundrum

A new mini-tournament on a lame-duck network may not solve the problem.
Jan 9, 2025; Pittsburgh, Pennsylvania, USA; Edmonton Oilers center Connor McDavid (97) checks Pittsburgh Penguins center Sidney Crosby (87) during the third period at PPG Paints Arena
February 11, 2025

‘Important’ 4 Nations Face-Off Can Be NHL’s All-Star Antidote

“The stars have been lobbying the league for an event like this.”

Giants Open to Selling Minority Stake; Will Eli Manning Be Involved?

A forthcoming deal could set a record for a sports team valuation.
Nov 26, 2024; Minneapolis, Minnesota, USA; Alex Rodriguez watches as the Minnesota Timberwolves lose to the Houston Rockets in overtime at Target Center.
February 11, 2025

Glen Taylor Has ‘Limited’ Legal Options to Keep Timberwolves

One litigator says it’s usually “very hard to vacate an arbitration award.”
February 13, 2025

Red Sox Return to Big Spending With $120M Alex Bregman Deal

The contract with the former Astros star revives a prior franchise mentality.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
Mark Williams
February 11, 2025

Failed Deadline Deal Leaves Hornets, Lakers in Unprecedented Territory

The trade would have sent center Mark Williams to Los Angeles.
Feb 10, 2025; Dallas, Texas, USA; Dallas Mavericks guard Dante Exum (0) shoots over Sacramento Kings forward Domantas Sabonis (11) during the first quarter at the American Airlines Center.
February 11, 2025

Mavericks Eject Fans Over ‘Fire Nico’ Jeers, Skip Postgame Press Conference

The team booted multiple fans from Monday night’s game.
February 10, 2025

Arbitrators Find for A-Rod, Marc Lore in Timberwolves Ownership Battle

Rodriguez is set to become an NBA owner after a yearslong saga.
February 10, 2025

Eagles Laid Super Bowl Blueprint, but the Bill Is Coming Soon

Zack Baun and Josh Sweat will be free agents this offseason.