Football
The Reds spent £415m on transfers in the summer window and welcomed stars such as Florian Wirtz, Hugo Ekitike and Alexander Isak.
The PIF acquired an 80% stake in Newcastle in 2021 and has invested in several other sports.
Levy, 63, has stepped down from his role as Executive Chairman.
After just two games, the Italian press have already made their judgement on the Belgian.