PIF increases its ownership in “Newcastle” to 85%

Newcastle United Football Club has announced that an agreement has been reached to change its ownership structure, with the new shareholding structure seeing the Public Investment Fund control approximately 85%, while RB Sports & Media owns the remaining 15% stake in the club. These structural changes are expected to be completed this July.

As part of this structural change, PIF and RB Sports & Media will jointly acquire PCP Capital Partners’ shares in the club and Amanda Staveley will step down from all her roles with Newcastle United.

The Public Investment Fund and RB Sports & Media will increase their stakes in Newcastle United, as part of a long-term plan to develop the club and make it a permanent reliable competitor in local and European competitions.

Commenting on this announcement, Yasser Al-Rumayyan, Chairman of Newcastle United, said: “We have achieved a lot together since 2021, including achieving a return to participation in the Champions League in our first full season as stewards of this great club.

Al-Rumayyan continued: “The ownership group, along with CEO Darren Eales and the club’s executive team, will continue to build on these foundations to deliver long-term sustainable success for the team and our wonderful fans, and we are excited about the future prospects of Newcastle United.” “.

It is noteworthy that the Public Investment Fund announced in October 2021 that an investment group led by the Fund, which also includes PCP Capital Partners and RB Sports & Media, completed the 100% acquisition of Newcastle FC, after all necessary approvals were obtained from the English Premier League.