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The Saudi sovereign wealth fund which owns Newcastle has taken majority stakes in four of the Middle Eastern country’s biggest clubs, including Cristiano Ronaldo’s team Al Nassr. The Public Investment Fund (PIF) is taking 75 per cent stakes in Al Nassr, Asian Champions League finalists Al Hilal, Al Ahli and Al Ittihad, who are understood to be interested in signing Karim Benzema after his intention to leave Real Madrid at the end of the season was confirmed. The PIF also own an 80 per cent stake in Newcastle following the completion of a protracted and controversial takeover in October 2021. Sources close to the fund have told the PA news agency that the move to take controlling stakes in the four Saudi clubs does not constitute the creation of a multi-club ownership model involving Newcastle. Each club will be managed by an independent board and have separate executive management, the sources said. Clubs in the Saudi top flight, who have technically been owned by the country’s Ministry of Sport until now, are being privatised as part of a government initiative to help the sport further develop. FIFA has been approached for comment on the issue. A statement on the PIF Twitter account read: “As part of today’s announcement of the Sports Clubs Investment and Privatization Project, four Saudi clubs – Al Ittihad, Al Ahli, Al Nassr, and Al Hilal – have been transformed into companies, each of which is owned by PIF and non-profit foundations for each club.” PIF said existing members of each club would be included in the four foundations and that the fund was working closely with the Ministry of Sport on the necessary regulatory procedures to complete the clubs’ transfers to their new structures as newly-founded companies alongside non-profit foundations. “The transfer of the four clubs will unleash various commercial opportunities, including investment, partnership and sponsorships across numerous sports,” the PIF statement concluded. The Saudi government said in a release from the country’s national press agency issued earlier on Monday that it hoped that as well as further bolstering participation in sport at grassroots level, the move to privatisation would raise the league’s revenues from 450million riyals (£96.7m) last year to 1.8 billion riyals (£386.7m) and increase its market value to more than 8bn riyals (£1.72bn) by 2030. The extent to which the Saudi government controls Newcastle came back into the spotlight in February this year after the publication of court documents in the US. The Premier League approved the PIF-led takeover of the club only after receiving “legally-binding assurances” that the Saudi state would not have control of the club. However, documents from PIF’s legal team published in a court case related to the LIV Golf and PGA Tour dispute described PIF as “a sovereign instrumentality of the Kingdom of Saudi Arabia” and PIF governor and Newcastle chairman Yasir Al-Rumayyan as “a sitting minister of the Saudi government”. The Premier League has declined to comment on whether it had opened an investigation following the publication of the court documents. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Andy Murray determined to show he remains among the elite on grass courts Ange Postecoglou: Who is he and what can Tottenham fans expect? Alfie Hewett adapting to his new status as the man to beat in wheelchair tennis

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A YouTuber is celebrating after his NSFW Nair hair removal tutorial video goes viral with millions of views. The video was posted by YouTuber Kevin Leonardo and gave viewers a more intimate demo than they may have been expecting after demonstrating exactly how he uses Nair hair removal cream to get rid of hair on his butt crack. The age-restricted video is titled “Removing BUTT HAIRS Using NAIR Cream - A Visual Guide!” and has been viewed 6.5 million times at the time of writing, having been posted just over a week ago. The video begins with a naked Leonardo showing just how hairy his butt is in a vivid display. Next, he squeezes Nair Body Cream hair remover into his hand and applies it to the area. Sign up to our free Indy100 weekly newsletter Afte three minutes go he wipes the cream off and gives viewers an “after” demonstration, showing the final results and his now hairless butt. Taking to Twitter, Leonardo celebrated his NSFW video going viral with millions of views. He wrote: “1 week later and now 3.2 million people know how to use Nair on their butts. You’re welcome!!” It has caused quite a stir across social media, with some watching the video out of curiosity and being shocked at what they saw. One shocked viewer tweeted: “I watched the Nair guy tutorial video and trust me, I’m still traumatized.” According to YouTube’s policy, a ban on nudity applies when it is intended for “sexual gratification”. The rules state: “Don't post content on YouTube if it shows: The depiction of clothed or unclothed genitals, breasts or buttocks that are meant for sexual gratification “Pornography, the depiction of sexual acts, or fetishes that are meant for sexual gratification.” It also reserves the right to age-restrict content that includes nudity but does not violate its policy on nudity and sexual content. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

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