, the Reuben Family and Amanda Staveley's PCP Capital is not thought to be linked to the January transfer window and will have implications for the business under Financial Fair Play Regulations. The need for the money to cover the club's increased wage bill and other running costs shows how important it will be for the club to announce new sponsorship deals as soon as possible. According to senior sources, Newcastle are not planning to spend big money in the January transfer window and it has been denied that this new money is going to be spent on new players. Newcastle have already spent more than £200m on signings under the new owners in the previous two windows and said similar things last year and again before the summer window opened. A total of £305m was spent on buying the club from former owner Mike Ashley in October 2021. A further £38.5m was invested in November 2021, followed by another £40m in January 2022. The club has also secured banking facilities to support its working capital requirements. It is understood there will be more capital investments made by the owners next year too. Darren Eales, CEO of Newcastle United, said: 'We are at the beginning of a long-term plan that aims to build a club that can compete consistently at the highest levels of English and European football. 'We need to develop the whole business, as well as the playing squad. And we need to do so while adhering to the Financial Fair Play rules. This additional investment further enables us to continue implementing the business plan.' New shirt sponsors are expected in the summer and the){kind=link}
The investment is not thought to be linked to the January transfer window and will have implications for the business under FFP
Newcastle United’s owners have pumped another £70.4m into the club this month to help cover the increased running costs and price of training ground improvements.
The fresh cash injection takes the total amount invested by the consortium, led by Saudi Arabia’s Public Investment Fund, to more than £450m since October last year.
The investment from Saudi Arabia’s Public Investment Fund (PIF), the Reuben Family and Amanda Staveley’s PCP Capital is not thought to be linked to the January transfer window and will have implications for the business under Financial Fair Play Regulations.
The need for the money to cover the club’s increased wage bill and other running costs shows how important it will be for the club to announce new sponsorship deals as soon as possible.