Saudis Intend to Sell Part of Their Stake in Newcastle

The British newspaper The Times revealed that the Saudi Public Investment Fund is considering selling part of its stake in Newcastle United Football Club, with the aim of providing additional funding for the club's future infrastructure projects.

According to the report, the fund, which currently owns 85% of the club's shares since acquiring it in 2021, may sell up to 25% of its stake while retaining full control over management. It is estimated that the current value of the club has reached around 1.5 billion pounds, which could allow the club to raise more than 300 million pounds from the potential deal.

The newspaper added that the Newcastle management is working on a major project to establish a new training center at a cost of approximately 200 million pounds, in addition to considering the option of expanding St James' Park stadium or building a new stadium with a capacity of up to 65,000 spectators and a cost exceeding one billion pounds.

The report confirmed that the club recently purchased land and buildings surrounding the current stadium to keep all options open for the future project, as the management seeks to narrow the financial gap with the Premier League giants.