The recent takeover saga involving the group - including Amanda Staveley and the Reuben brothers - came back alive on Sunday and it has since been claimed PIF and Magpies officials have both submitted paperwork to the Premier League.
They join a long list of names to be linked with purchasing Newcastle – click and scroll through the pages to remind yourself of previous interested parties:
9. Reuben Family
At the time of Staveley’s first bid, reports claimed the Reuben family agreed to support Staveley and become co-investors. Will lightning strike twice? Photo: Nigel Roddis
10. Bin Zayed Group
Bin Zayed Group The BZG released several statements claiming they had agreed a deal for Newcastle but we all know how that ended… again. Photo: Getty Images
11. GACP Sports and Joseph Da Grosa
The Daily Mail revealed Kenyon is back on the scene - this time with GACP Sports and Joseph DaGrosa. A 46-page brochure is circulated to the press - and although detailed, it is littered with basic errors. Photo: Alex Livesey
12. The Public Investment Fund of Saudi Arabia
Saudi Arabian’s sovereign wealth joined forces with Amanda Staveley and the Reuben brothers but after a month of intense speculation, talk had fallen flat on its knees once more. Photo: PA