Newcastle United get immediate cash injection as Yasir Al-Rumayyan pledge rings true

Newcastle United have been handed a £35million cash boost after the club's owners injected a bumper financial gesture into Toon coffers.

A Companies House update shows that on October 30, 2024, Newcastle got a £35m cash boost by issuing one new share. This is the second time Newcastle's PIF backers have contributed to United's finances in 2024. Back in March, Newcastle chiefs pumped £37m into the club's accounts meaning £72m in total has been put forward this year alone.

This, after a share issue of £40m in early January, a £70.4m investment in the October of that year and an additional £117m boost across two shares in 2023. The funding is expected to be for day-to-day club costs.

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Newcastle chairman Yasir Al-Rumayyan is believed to be as determined as ever to make the Magpies a genuine success story in the Premier League after three years at the top.

PIF increased its overall stake in the club to 85 per cent when co-owner Amanda Staveley departed St James' Park in the summer. As reported by Chronicle Live earlier this month, the Saudi backers are as committed as ever on Tyneside. While there will be understandable caution in January due to strict PSR rules, there is believed to be money to spend, although there could also be some shrewd departures.

Head coach Eddie Howe recently said about January investment: “It's very difficult to see what is going to happen. I know no one wants to hear it, but January is always a difficult window in every window so I don't think we should necessarily go into it expecting any different to any other previous January.

“Transfer trading, generally, was down last summer compared to the previous summer so will this January follow suit and it's quieter across the board? Possibly, yes. These are things that don't go in favour of a busy window so without wanting to make predictions, I'd be surprised if it deviated from that.”

United's commercial team have been working around the clock to ensure all revenue streams are open to aid PSR. The club's new fanzone STACK is doing a roaring trade while a new look club shop with Adidas and steady income from Sela have helped transform the financial landscape in the last three years.

Former director Mehrdad Ghodoussi spoke of the importance of getting the balance exactly right when it comes to PSR in 2023. He said then: "You can't just put money in. It's not like just write us a cheque for £200m. To spend money you need to earn money. You have to build the commercial revenue like sponsorship to be able to spend on the club."