Newcastle United are today considered the richest club in world football, a label that's an extension of the deep pockets of the club's ownership group which on paper has the capacity to outspend other teams.
It 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. Those player acquisitions paid off with the team cruising to an 11th-placed Premier League finish last season.
Resources had not been quite as plentiful in recent seasons under former owner Mike Ashley, but the narrative quickly flipped in October 2021 when a consortium took over with the promise of changing the messi psg kit fortunes of the passionately supported club and making it one of the big players in English and European football.
But the takeover by PCP Capital Partners, RB Sports & Media (Reuben brothers) and the Saudi Arabia state-run Public Investment Fund (PIF) didn't 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.
The Premier League eventually greenlit the transaction messi jersey youth despite opposition from human rights organizations which claimed the Newcastle takeover was the latest high-profile case of sportwashing. The final hurdle involved Saudi Arabia agreeing to clamp down on piracy that was undermining Premier League rightsholder and broadcast partner beIN Sports of Qatar. Re ps p price solution of that dispute cleared the way for Newcastle to change hands with Magpie supporters dreaming of what could be in store on the field.
Who owns Newcastle United?
PIF became the majority shareholder and de facto owner of the club, with 80 percent of the shares.
The public face of PIF has been Yasir Al-Rumayyan, who is Governor of PIF, and Chairman of Newcastle United. He's also the Chairman of Saudi Aramco, one of the world's largest petroleum and natural gas companies.
PCP Capital Partners received 10 percent of the shares. The firm is the business of Amanda Staveley, who helped facilitate the takeover of Manchester City by Sheikh Mansour in 2008. Staveley, along with Al-Rumayyan, has often been the public face of the deal.
The final 10 percent of shares went to the Reuben brothers, a pair of wealthy British businessmen.
How much did Newcastle United cost?
In total, the consortium paid Mike Ashley a reported $415 million for the club.
As mentioned above, the deal first came to light in April 2020, as the partners submitted the paperwork to take over Newcastle. The protracted nature of the deal complicated proceedings, and in September of 2020 it looked like it had collapsed. In fact, Newcastle United released a statement claiming that the league had officially rejected the consortium though the Premier League rejected the claim.
However, on October 7, 2021, it was announced that the takeover was official with many pointing to the settling of the beIN Sports piracy dispute as the key to unlocking the transaction.
That $415m price tag compares to the $270 million that Iranian-born British businessman Farhad Moshiri paid for Everton in 2016 and the $136 million paid by Serbian billionaire Dragan Solak and investment firm Sport Republic for an 80 percent controlling interest in psg shirt maker Southampton.
Newcast psg shirts youth le player transfers under new owners
One of the main complaints that fans voiced during Mike Ashley's tenure was a lack of investment, and a feeling that the ownership had no vision. That's something that the new decision-makers have claimed they will change, and their early moves in the transfer market suggest that may turn out to be the case, with the club making multiple moves i psg jersey 2022 n the expensive January transfer market.
Player | Previous Club | Transfer fee |
Bruno Guimaraes | Lyon | $43.4 million |
Chris Wood | Burnley | $32.6 million |
Dan Burn | Brighton | $17 million |
Kieran Trippier | Atletico Madrid | $15.6 million |
The club appointed Dan Ashworth as Technical Director of Football in February 2022. Ashworth is well-regarded in the game, after his previous stints as Technical paris goalkeeper kit psg kit ebay Director at Brighton, and director of elite development at the FA before that.
He is seen as someone with a long term vision and, although the club splashed the cash in January, the appointment of Ashworth is a promising sign that the club will look to do more than just sign big names on big fees and hope they work well together.
Newcas psg soccer kit tle continued to sp messi away jersey lash the cash in the summer as they forked out £33m for centre-back Sven Botman from Lille and spent £15.75m on Aston Villa's Matt Targett. Goalkeeper Nick Pope was also signed for £10.35m from Burnley.
There has also been discussion of a new training complex, which could include a second, reduced-capacity stadium for the women's team and academy sides. According to reports, sites are already being investigated by club leadership.
Although 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.