Newcastle owners invest further £35m into club via equity share issue

11/20/2024 04:47 AM

Newcastle United’s owners have injected a further £35million ($44.4m) into the club via a single-share issue. This is the seventh injection of capital since the club was bought in October 2021, by a consortium led by Saudi Arabia’s Public Investment Fund (PIF), and takes their total post-takeover investment into Newcastle to £337.9m. 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. It does not necessarily directly affect Newcastle’s January transfer plans and...