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Saudi PIF in talks with potential investors to fund Newcastle United plans: Reuters
The Saudi fund is exploring new investors or fresh shares to help cover a stadium project that could cost more than £1 billion, Reuters reported.
- Public Investment Fund is in talks with investors regarding a minority stake in Newcastle United to help fund stadium expansion or a new build, sources said.
- Newcastle United CEO David Hopkinson noted that expanding St James' Park would cost hundreds of millions, while constructing a new stadium could exceed 1 billion pounds.
- PIF currently owns 85% of the club, with the Reuben family holding 15%, while manager Eddie Howe confirmed earlier this month that the fund remains fully committed to the club's success.
- Beyond selling equity, the fund is considering securitizing Newcastle's commercial revenue, following its decision to stop funding LIV Golf after investing more than $5 billion since 2022.
- PIF, chaired by Saudi Crown Prince Mohammed bin Salman, aims to make Newcastle a top club by 2030 as part of its wider sports-focused strategy to reduce reliance on oil revenue.
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RPT-EXCLUSIVE-Saudi PIF in talks with potential investors to fund Newcastle United plans, sources say | Sports-Games
Saudi Arabia's sovereign wealth fund PIF is in talks with investors over them taking a minority stake in Newcastle United as part of its fundraising plans for the Premier League club's stadium, three people familiar with the matter said.
·India
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Exclusive: Saudi PIF in talks with potential investors to fund Newcastle United plans, sources say
Saudi Arabia's sovereign wealth fund PIF is in talks with investors over them taking a minority stake in Newcastle United as part of its fundraising plans for the Premier League club's stadium, three people familiar with the matter said.
·United Kingdom
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The Saudi Arabia Public Investment Fund (PIF), owner of Newcastle, would be discussing with potential new minority investors to finance the club's projects.
·Boulogne-Billancourt, France
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Total News Sources9
Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
14%
C 57%
R 29%
Factuality
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