Newcastle owners bankroll £45m injection, official documents filed
Newcastle United’s owners have bankrolled a £45million injection in the form of a new share issue.
Saudi Arabia’s Public Investment Fund (PIF) has invested regularly in Newcastle since securing its £305m takeover in October 2021.
A Companies House submission on Thursday (18 December) revealed £45m was paid into Newcastle for one new allotted share.
It’s so far unclear whether the latest cash injection will go towards covering the operating costs at St James’ Park or potentially contribute to Eddie Howe’s transfer budget ahead of the January window.
Newcastle well placed to agree January deals
Newcastle have been restricted by the profit and sustainability rules (PSR) under their Saudi owners over the past four years.
The Tyneside club have been forced to sell some of their young stars to help them comply with the PSR rules, with top-flight clubs only permitted to lose £105m over a rolling three-year period.
However, Football Insider revealed in October Newcastle have plenty of PSR capacity to agree new signings in January.
Alexander Isak’s £125m move to Liverpool in the summer transfer window provided the north-east giants’ financial situation with a major boost.
Howe’s side spent close to £250m over the summer, having signed Nick Woltemade, Anthony Elanga, Yoane Wissa, Jacob Ramsey and Malick Thiaw on permanent deals, while Aaron Ramsdale joined on loan.
Wissa scored his first Newcastle goal in the 2-1 victory over Fulham in the Carabao Cup on Wednesday (17 December), setting up a semi-final clash against Manchester City.
Newcastle plan to strengthen as January transfer plan revealed
Newcastle are expected to strengthen again in January as they look to climb up the Premier League table in the second half of the campaign.
Howe led his side back into the Champions League last season after securing a fifth-place finish in the top flight.
The Tynesiders have a strong chance of making the knock-out rounds of the competition, as they currently sit 12th in the table, with the top eight qualifying automatically for the last 16 and ninth to 24th taking part in a play-off.
However, Newcastle have been inconsistent in the Premier League, with their 1-0 defeat against rivals Sunderland leaving them 12th in the table.
The Magpies’ next fixture sees them take on Chelsea at St James’ Park on Saturday (20 December).
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