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Sodarabia Public Investment Fund
The soudy arabian public investment fund has 430 billion dollars. It is run and owned by the soudi arabian royal fam. The former owner of newcastle united, mike ashley, he like never once picked up his cheque book to invest in the club. This is the first state owned major sports team that jack and i can think. We're talking about a fund that is worth 25 lifts. And since newcastle you is now owned by souty arabia, it is the most financial backing of any western pro sports team. They just sold their team for 400 million dollars. Now they are moving from california to texas.
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