Official document confirms £72m Newcastle United move

A Companies House update confirmed that on October 30, 2024, the Magpies received £35m by issuing one new share. The document was shared by football finance expert Kieran Maguire on Tuesday evening.

When asked if it was another interest-free loan, Maguire replied: “Shares not loan, no obligation to repay”.

It is the second time this year that the club has received a cash injection by the same method. In March. Newcastle gained £37m by issuing one new share, therefore taking the 2024 investment up to £72m.

Changes were made to Newcastle’s ownership structure in the summer, almost three years on from when the Public Investment Fund of Saudi Arabia, PCP Partners and RB Sports & Media completed their £305m takeover from Mike Ashley.

Amanda Staveley and Mehrdad Ghodoussi of PCP Partners left the club in July after their stake was acquired by PIF and RB Sports & Media at a 85% / 15% split.

Commenting on the changes Yasir Al-Rumayyan, PIF governor and Newcastle’s chairman, said: "Amanda and Mehrdad will forever have our tremendous thanks and well-wishes as they move on to focus on their other business interests.

"We have achieved so much together since 2021, including achieving Champions League football in our first full season as stewards of this incredible club.

"The ownership group, together with CEO Darren Eales and the club's executive team, will continue to build on these foundations for long-term, sustainable success for the team and our amazing fans, and we are excited about the future prospects for Newcastle United."