Finance guru: PIF ready to green-light 'unlimited' spending amid Newcastle United latest
The Saudi Public Investment Fund will now plough “unlimited” resources into the Newcastle United women’s team.
That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the women’s team’s subsumption into the Newcastle ownership umbrella.
As relayed by BBC Sport last Sunday (21 August), Newcastle Women are now formally part of the club after a financial restructuring.
The side, who currently play in the fourth tier of the women’s game, had previously been funded by the Newcastle United Foundation.
Investment in the women’s game is exempt from Financial Fair Play, and interest is sky-high following England’s historic triumph at the European Championship.
Plumley forecasts that PIF will now back Newcastle Women to the hilt.
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“We were always likely to see major investment into the women’s side of the game,” the Sheffield Hallam University expert told Football Insider’s Adam Willams.
“Clubs are seeing the growth potential there now and are bringing the women’s team into the overall ownership.
“It makes sense because you can tie all your commercial enterprises up. It’s just a much more streamlined way of doing things.
“At the moment, you can invest in this side of things without any FFP restrictions. That could change in the future, but I’ve seen nothing to do with that in the latest FFP stuff.
“So, it is unlimited in terms of what you can invest at the moment. I think many more teams will follow in trying to build that brand association with the women’s team in light of the success at the Euros.”