How much have Newcastle spent on transfers under PIF?

Cameron Smith

• 12 Apr 2024 11:02 BST
• 4 min read

Newcastle United have the backing of the richest owners in world football following the Saudi Arabia Public Investment Fund’s (PIF) takeover in late 2021.

PIF became majority shareholders in October 2021, and with 80% of the club’s shares, they became the de-facto owners of the St James’ Park club.

Yasir Al-Rumayyan is the governor of the PIF and is the Chairman of Newcastle. He has been the PIF’s public face during their ownership of the Magpies.

READ MORE: How much have Chelsea spent on transfers under Todd Boehly?

Furthermore, PCP Capital Partners own 10% of the shares, a company that is headed up by Amanda Staveley. She has been an active presence at Newcastle since the takeover.

Below, FootballTransfers runs through how much Newcastle have spent since PIF took over.

READ MORE: How much have Man City spent on transfers under Sheikh Mansour?

How much have Newcastle spent on transfers under PIF?

Newcastle have spent a total of €440.1 million on transfers since PIF took over in 2021.

Their first major signing after becoming the majority shareholders at St James’ Park was Kieran Trippier, while Chris Wood, Bruno Guimaraes and Dan Burn also joined the club during PIF’s first transfer window.

Six months later, Newcastle spent big again, ensuring that 2022-23 is their biggest spending season under PIF so far. The Magpies splashed €185.8m on Alexander Isak, Anthony Gordon, Sven Botman, Matt Targett, Nick Pope, Harrison Ashby, Charlie McArthur and Garang Kuol.

How much have Newcastle earned through sales under PIF?

Newcastle have earned a total of €51.1m through player sales since PIF took over in 2021.

What is Newcastle’s net spend under PIF?

Newcastle’s net spend under PIF is €389m.

Who are Newcastle’s most expensive signings under PIF?

Alexander Isak is Newcastle’s most expensive signing under PIF. The Sweden international joined the Magpies from Real Sociedad for a fee of €70m in 2022.

Italy midfielder Sandro Tonali is second on the list, courtesy of his €64m transfer from AC Milan in 2023. He was suspended for breaching betting regulations just months into his Newcastle career.

Anthony Gordon (€45.6m) is Newcastle’s third most expensive signing since PIF became owners, while Harvey Barnes (€44m) and Bruno Guimaraes (€42.1m) complete the top five.

Who are Newcastle’s most expensive sales under PIF?

Allan Saint-Maximin is Newcastle’s most expensive sale under PIF. The tricky winger left the Magpies to join Al Ahli for a fee of €27.2m in 2023.

Chris Wood is the second biggest Newcastle sale under PIF. He joined Nottingham Forest for €17m.

Jonjo Shelvey (€6.5m) is Newcastle’s third most expensive sale since PIF became owner, while Karl Darlow (€0.4m) and Javier Manquillo (free) complete the top five.