"We will always be actively engaged" Yasir Al-Rumayyan explains role of PIF at Newcastle United

By Lee Ryder

Yasir Al-Rumayyan says that Saudi Arabia's Public Investment Fund will look at the "bigger picture" at Newcastle United ahead of the Middle East consortium's journey with the Magpies.

The Governor of the Public Investment Fund sent an open letter to supporters after the Middle East consortium took control of the club this week.

Ripon financier Amanda Staveley and her husband Mehrdad Ghodoussi were unveiled as the duo who would be spearheading the club after being presented to fans this week.

Go here for the latest breaking Newcastle United takeover updates

Explaining how the new board will work, His Excellency Yasir Al-Rumayyan said: "Whilst we are newcomers to Newcastle, we are investing alongside people who have been committed to this Club and this city for many years.

"Amanda Staveley’s PCP Capital Partners is a key part of our investment group. Jamie Reuben and his family are already significant investors in the city of Newcastle."

And on PIF's role, the new United supremo added: "The role of my team at PIF is a bit different.

"Our job is to look at the bigger picture – so we will be working with the rest of the Board to set the overall strategy, monitor how that is progressing and determine the changes we need to make.

"You will hear from us less often, but I can assure you that we will always be actively engaged."

And in thanking the Toon Army, the chairman of Aramco said: "I want to thank you all for the support you have given to this Club. Without fans like you, there is no Newcastle United Football Club and we will never take your support for granted."

Read the new owner's open letter to fans in full here

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