Newcastle United have received the largest single cash injection since the Saudi-led takeover, with £111.5 million committed to the club, according to The Athletic’s Chris Waugh.
“Newcastle United’s owners have injected a further £111.5 million ($149.1m) into the club, the highest-value share issue since the takeover,” Waugh reported. “The men’s arm of the club has received £106.5m, while a further £5m has been invested into Newcastle Women.”
This ninth injection of capital since October 2021 takes
total investment to £462.9m. The Reuben family, who own 15 per cent of the club, remain alongside the Public Investment Fund, who hold the majority stake.
“The latest equity share issue, as with the majority of the previous ones, is to help with cashflow over the winter months and provides for day-to-day running costs,” Waugh wrote. “It does not necessarily directly affect Newcastle’s January transfer plans and instead will be used to pay wages, maintenance and to cover other daily expenditure.”
Even so, the humongous size of the sum has drawn attention.
“The sizeable amount of this latest cash injection into the men’s side of the club — £36m higher than the previous largest single-share investment — suggests that greater finances have been required,” Waugh wrote. “Excitement always follows these share issues from Newcastle’s owners — as does rampant speculation as to what the money may be used for.
“Some of the club’s day-to-day running costs are indirectly covered by this injection, such as scout trips to watch players, money being spent on feasibility studies for a new training ground and stadium, and general maintenance of St James’ and the pitches.”
Despite speculation, the report stressed there is no confirmation that the money is allocated to transfers or infrastructure.
“It is unlikely to directly affect Howe’s January transfer budget, though. Newcastle’s PSR (the Premier League’s profit and sustainability rules) position will not be improved by this injection, even if it was boosted by Isak’s departure,” Waugh concluded.
