October 2021 marked a new chapter in the history of Newcastle United as the Saudi Arabian Public Investment Fund completed their majority takeover of the St James’ Park club after years of negotiations with former owner Mike Ashley.
The takeover officially made Newcastle the richest football team in world football and the new owners were quick to outline their strong ambitions to move the team forward.
“Newcastle United deserves to be at the top of the Premier League. We want to get there. It will take time, but we will get there," Amanda Stavely said just days after the takeover, at a time of their takeover when Newcastle were bottom of the table, winless after 11 games and still managed by Steve Bruce.
However, following the inspired appointment of Eddie Howe, and with the help of a number of astute signings in the 2022 January window such as Bruno Guimaraes, Kieran Trippier and Dan Burn - Newcastle avoided relegation. Further signings followed such as Alexander Isak, Sven Botman, Nick Pope and Anthony Gordon to fire the club to an unlikely Champions League finish.
But since the start of 2024, Newcastle have been forced to slow down their spending and at times let go of some of their prized assets such as Elliot Anderson and Yankuba Minteh.
Newcastle narrowly avoided breaching PSR rules over the summer, but how does their overall net spend under the PIF-led ownership compare to the rest of the club’s in the Premier League. Here’s all you need to know, courtesy of data from Give Me Sport.
1. Everton - 20th
Net spend: +£81.1m (Profit) | Getty Images
2. Leicester City - 19th
Net spend: + £34.9m (Profit) | Getty Images
3. Wolverhampton Wanderers - 18th
Net Spend: -£5m | Wolves via Getty Images
4. Manchester City - 17th
Net spend: -£9m | Manchester United via Getty Imag