Public Investment Fund, PCP Capital Partners and RB Sports & Media completed the acquisition of Newcastle United, an English professional football club, from Mike Ashley, a British billionaire retail entrepreneur in the sporting goods market, for £305m. "We are extremely proud to become the new owners of Newcastle United, one of the most famous clubs in English football. We thank the Newcastle fans for their tremendously loyal support over the years and we are excited to work together with them," Yasir Al-Rumayyan, PIF Governor.