Who owns Newcastle United? Net worth, partner breakdown, club cost for the richest club in the world

Newcastle United are considered the richest club in world football today, a label which is an extension of the deep pockets of the club’s ownership group which, on paper, has the ability to spend more than other teams.

He flexed that financial muscle in the January 2022 transfer window, spending more than any other team in Europe, to ensure the Magpies comfortably avoided the threat of relegation. These player acquisitions are paying off, with the team heading towards plans to be a mid-table end in the Premier League.

Resources had not been so plentiful in recent seasons under former owner Mike Ashley, but the narrative quickly shifted in October 2021 when a consortium took over with the promise of changing the fortunes of the passionately backed club and d make him one of the great players in English and European football.

But the recovery by PCP Capital Partners, RB Sports & Media (Reuben brothers) and Saudi Arabia’s Public Investment Fund (PIF) did not come without controversy. In fact, the deal took over a year to complete and it involved a geopolitical dispute, problematic human rights issues, and it even dragged the British Prime Minister into the conversation.

But the Premier League eventually gave the green light to the deal despite opposition from human rights organizations who claimed the Newcastle takeover was the latest high-profile case of sportwashing. The final hurdle involved Saudi Arabia agreeing to crack down on the piracy that undermined Premier League rights holder and broadcast partner beIN Sports from Qatar. Resolving that dispute paved the way for Newcastle to change hands with Magpie supporters dreaming of what could be in store on the pitch.

Who owns Newcastle United?

PIF became the majority shareholder and de facto owner of the club, with 80% of the shares.

The public face of PIF has been Yasir Al-Rumayyan, who is Governor of PIF and Chairman of Newcastle United. He is also chairman of Saudi Aramco, one of the largest oil and gas companies in the world.

PCP Capital Partners received 10% of the shares. The venture is the business of Amanda Staveley, who helped facilitate Sheikh Mansour’s takeover of Manchester City in 2008. Staveley, along with Al-Rumayyan, has often been the public face of the deal.

The last 10% of the shares went to the Reuben brothers, two wealthy British businessmen.

How much did Newcastle United cost?

In total, the consortium paid Mike Ashley $415 million for the club.

As mentioned above, the deal was first revealed in April 2020, when the partners submitted the necessary documents to take over Newcastle. The protracted nature of the deal complicated the process, and by September 2020 it looked like it had collapsed. In reality, Newcastle United released a statement claiming the league had officially rejected the consortium despite the Premier League rejecting the request.

However, on October 7, 2021, it was announced that the takeover was official and many pointed to resolving the beIN Sports hack dispute as key to unlocking the deal.

This price of $415 compares to the $270m paid by Iranian-born British businessman Farhad Moshiri for Everton in 2016 and the 136 million dollars paid by the Serbian billionaire Dragan Solak and investment firm Sport Republic for an 80% majority stake in Southampton.

Transfers of players from Newcastle under new owners

One of the biggest complaints voiced by fans during Mike Ashley’s tenure was the lack of investment and a sense that the property had no vision. It’s something the new makers have claimed they will change, and their early moves in the transfer market suggest that may prove to be the case, with the club making several moves in January’s pricey transfer market.

Player Previous clubs Transfer fee
Bruno Guimaraes Lyons $43.4 million
Chris Wood Burnley $32.6 million
Dan Burn Brighton $17 million
Kieran Trippier Atlético Madrid $15.6 million

The club appointed Dan Ashworth as technical director of football in February 2022. Ashworth is well regarded in the game, having previously served as technical director at Brighton and director of elite development at the FA before that.

He is seen as someone with a long-term view and, although the club splashed the cash in January, Ashworth’s appointment is a promising sign that the club will be looking to do more than just sign big names on big fees and hope they work well. together.

There has also been talk of a new training complex, which could include a reduced-capacity second stadium for the women’s team and the academy. According to reports, sites are already under study by club management.

While these plans and other community initiatives have been suggested, there has been no official confirmation from the club regarding the status of any of these projects.

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