Revealed: Newcastle United bankroll £57m cash injection as paperwork filed
The owners of Newcastle United have injected £57million into the club in the form of a new share issue, Football Insider can reveal.
A Companies House submission on Friday (10 March) shows that Newcastle have issued one new share for £57m, mirroring their last share issue in November last year when they allotted a single share for £70.4m.
JV1 Ltd – the holding company through which Amanda Staveley and the Reuben brothers own 20 per cent of Newcastle – issued £11.4m shares last Wednesday, which is exactly 20 per cent of £57m.
The latest move emphasises the current regime’s commitment to externally funding the club while it works on growing its revenue in order to unlock the Public Investment Fund’s wealth under the terms of Financial Fair Play.
Previous owner Mike Ashley, who banked £305million after he sold the club in October 2021, rarely put money into the club, choosing instead to pursue a self-sustaining model.
While that approach evoked fury from the Newcastle faithful, it has paradoxically given PIF a platform to spend big in the early years of their premiership without violating FFP.
The Tynesiders have spent over £250m on new signings since the takeover, and PIF will be delighted with the return on their investment.
Eddie Howe’s side remain in the hunt for Champions League football this season and reached their first final since 1999 in the League Cup, where they were beaten 2-0 by Man United.
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