Yesterday Qiddiya Gaming, which is backed by the Saudi Arabian Public Investment Fund (PIF). announced it was taking full ownership of RTS, making it the second-biggest stakeholder for Evo. Chief strategy officer Muhannad Aldawood called it "a strategic step that will further strengthen our esports business and unlock new opportunities across the broader gaming ecosystem." He added, "most importantly, this will enable Qiddiya to keep fueling the continued growth of Evolution Championship Series (EVO), the world's largest fighting game event since 1996, with unlimited potentials."
Since the acquisition by Saudi Arabia's Public Investment Fund, Newcastle United finds itself at a crossroads with executive instability, lack of transfers, and overlooked projects.