Who Owns Newcastle United - Yasir Al-Rumayyan, RB Sports and Media, and Club Ownership Structure

Who are Newcastle United Owners - Yasir Al-Rumayyan & RB Sports and Media

Newcastle United is owned mainly by the Public Investment Fund (PIF) of Saudi Arabia, which holds 85% of the club. The remaining 15% is owned by the RB Sports & Media group. This ownership structure was established in 2021 when the club was taken over for £305 million, bringing an end to Mike Ashley’s 14-year ownership. Below is a brief profile of the current owners of Newcastle United.

• Yasir Al-Rumayyan (PIF): Yasir Al-Rumayyan is a prominent Saudi businessman overseeing PIF, Saudi Arabia’s sovereign wealth fund, valued at approximately £720 billion, which makes him the richest club owner in the world. Additionally, he chairs the world's largest petroleum company, popularly known by the name of Aramco. The Saudi HNI also holds key positions in companies like Reliance and Uber. Since becoming the owner, Yasir Al-Rumayyan has taken an active role at the club, ensuring that Newcastle United has seen major infrastructure improvements. While his exact net worth is not publicly known, it is believed to be in the billions due to his powerful position as the Governor of Saudi Arabia’s Public Investment Fund (PIF), which manages major global investments.
• Jamie Reuben (RB Sports and Media): Jamie Reuben, who is the representative of RB Sports and Media at Newcastle United, is a billionaire British investment firm founded by his father, David, and uncle, Simon, with roots in Iraq’s Jewish community. The RB Sports and Media holds around 15% share in the English club Newcastle United, which makes them a minority shareholder of the club. Their share increased from 10% to 15% after acquiring part of PCP Capital Partners’ share in 2024.

Who is Yasir Al-Rumayyan?

The current chairman of Newcastle United and Aramco, Yasir Al-Rumayyan, was born in a wealthy family in the year 1970, in Buraidah, Saudi Arabia, to a Saudi father and Syrian mother. He enjoys golf and has a son. He has been the governor of the Public Investment Fund since 2019 and has acquired the English club Newcastle United. Additionally, the high net worth individual runs a $925 billion sovereign wealth fund.

Yasir Al-Rumayyan Net Worth

Information about Yasir Al-Rumayyan net worth is not publicly available, still there are speculations that his net worth is in the billions, with the major contributor being the Public Investment Fund, and other contributors are his investments. According to several media reports, Yasir Al-Rumayyan has assets valued at more than 100 billion dollars.

What is Public Investment Fund?

PIF or Public Investment Fund is a wealth fund valued at over $925 billion in 2025, led by Yasir Al-Rumayyan. The organization's net worth speaks volumes for the PIF and its influence in the business world. Established in 1971, PIF drives economic diversification through Vision 2030, investing in sectors like sports and energy. It holds an 85% stake in the ownership of Newcastle United after the 2021 Newcastle United takeover, alongside RB Sports and Media, strengthening both the financial power of Newcastle United’s ownership group and the club’s overall management structure.

Public Investment Fund key personnel

What is RB Sports and Media?

RB Sports and Media is a UK company owned by the Reuben Brothers, with Jamie Reuben leading its role in Newcastle United. It holds a 15% stake in the ownership of Newcastle United after the 2021 Newcastle United takeover with PIF, led by Yasir Al-Rumayyan. It helps with Newcastle United management and local projects, boosting the Newcastle United owner group’s financial strength, supported by Yasir Al-Rumayyan’s net worth.

RB Sports and Media key personnel

Other Sports Teams Owned by Yasir Al-Rumayyan and Public Investment Fund

The Public Investment Fund (PIF), led by Yasir Al-Rumayyan, and RB Sports and Media have expanded their sports portfolio beyond Newcastle United, owning a 75% stake in four major Saudi Pro League clubs since June 2023.

Newcastle United History: From Past to Present

When football began to bloom across the UK, football clubs of the country had a tradition to keep all managerial affairs to their countrymen. But the tradition was broken in this case. The Alderman Fenwick family, who were Spanish nationals, turned the club into a private limited company before the merger of the two clubs, and became the first unofficial Newcastle United owner. Until 1997, the ownership duties of the Magpies were dominated by the Seymour, McKeag, and Westwood families. With the evolution of the English top-tier league, Newcastle United needed to change its management, and John Hall arrived with a progressive perspective with financial strength. He bought a 72.9% stake for just £3 million in 1991 and became the owner in 1997. For the first time, the club turned into a public limited company through a stock exchange listing.

Since then, a lot of cash has been injected into the welfare fund of the club by the owners. After Hall stepped down as the chairman, his partner, Mike Ashley, took things into his hands, and foreign funds began to shower. The prominent media group NTL also showed interest in taking over Newcastle United ownership, but they stopped their pursuit after buying just 6.3% shares of the club for £10 million in 1998. But constant failures at the biggest stage of English football started to raise questions about the motives of the owners. Currently, the owners of Newcastle United are PIF, which owns 85% shares, and the RB group, which has 15%.