Saudi PIF planning £1billion investment in Newcastle – Report

A lot has been said about Newcastle United’s ownership and with the club continuing to struggle to compete financially with other clubs, some have suggested that the Saudi-backed PIF could become frustrated and abandon their project

Those at the top of the club have given no indication that they may be leaving any time soon, but with the club going through a bit of a tricky spell in the last few weeks people have, of course, been coming to their own conclusions.

However, some recent developments regarding the PIF suggest that Newcastle fans have nothing to fear and they will be hoping to finally flex their financial power in the coming windows.

PIF to make new sizeable investment in Newcastle

According to The Times, PIF are now looking to buy InfraBridge’s 49% stake in Newcastle Airport, suggesting they aren’t looking to leave the football club or stop investing in the area any time soon.

There’s no confirmation of this just yet, but it does indeed sound promising from a supporters perspective – why continue to invest in the area if you are planning to pull out of the main attraction?

It’s believed that they will be purchasing the 49% stake for a massive £1billion, although when you’re worth over £700billion it probably feels like a drop in the ocean.

Positive signs for the future

Despite the latest rumours that Newcastle are not going to be able to spend in the January window once again, the long-term future for the Magpies still looks very bright, it just may take longer than we thought.