Howe says Saudi owners’ desire for success at Newcastle remains unchanged

PIF said on Thursday that it would cut funding of LIV Golf at the close of the 2026 ​season.Manager Eddie Howe says that Newcastle United’s Saudi Arabian owners remained as committed as ever to ⁠the club’s success, even ⁠as their Public Investment Fund prepares to cut ties with the LIV Golf series.PIF, which spent more than $5 billion on LIV Golf since it launched in ⁠2022, said on Thursday that it would cut funding at the close of the 2026 season, leaving the breakaway circuit scrambling for new backers.Recommended Stories list of 4 itemslist 1 of 4‘Win for Kenya’: Marathon record-breaker Sawe returns to hero’s welcomelist 2 of 4Sri Lanka’s government ‘temporarily’ takes over cricket boardlist 3 of 4Palestinian football body appeals FIFA ruling on Israel at top sports courtlist 4 of 4What next for Manchester United with Champions League return almost sealed?end of listThe sovereign wealth fund, chaired by Saudi Crown ⁠Prince Mohammed bin Salman, is involved in several other sports and acquired Newcastle in October 2021.Asked about meeting with PIF this week, Howe told reporters on Friday: “The owners and representatives of PIF were over, and it was constructive, good meetings, and I was a small part of that.“It’s always constructive because ‌they clearly care so much about the football club,” the English manager added, speaking ahead of a home match with Brighton & Hove Albion on Saturday.“The long-term planning that is clearly going on, on a number of levels, it’s exciting times ahead for the club, regardless of what happens short term…The desire is unchanged, to try and get to the top of the Premier League, to try and win as many trophies consistently as possible. ⁠I don’t think, while PIF are our owners, or part owners, majority ⁠owners, that will change.”In its statement announcing it was cutting funding to LIV Golf, PIF added that it remained committed to deploying capital internationally in line with its investment strategy, “including current and future investments in various sports as ⁠a priority sector”.