Newcastle United owners PIF open to selling minority stake to help fund stadium plans

Newcastle United’s owners are open to selling a minority stake in the club in order to help fund significant infrastructure projects, including a potential replacement for St James’ Park and a purpose-built training ground.While people familiar with the matter have told The Athletic that Saudi Arabia’s Public Investment Fund (PIF) retain a long-term commitment to Newcastle, the club they bought from Mike Ashley for £305million in 2021, they are willing to dilute their current 85 per cent shareholding and have been approached by possible investors. The British Reuben family own the other 15 per cent of Newcastle.Advertisement