Newcastle United's majority owners PIF have made a January cash injection into club funds.

Toon directors have issued just one 5p share and paid in £15million into the Magpies' kitty, something which club sources say that PIF have done on a regular basis throughout their ownership. It takes PIF's investment in the club to over £657m since the takeover.

The move is to support cash flow at United and to aid with overheads such as player wages and salaries. It has been described as a routine move by club insiders.

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The news was made public on Thursday via a statement from Companies House and it remains to be seen whether it has any implications on this month's transfer market. The funds could also be used for general costs too such as making funds available for new contracts.

The total number of allotted shares increasing from 133107129 to 133107130. The Magpies must tread carefully in the financial world given they were close to a PSR disaster last summer.

Back then they face a points deduction and had to sell Elliot Anderson and Yankuba Minteh to Nottingham Forest and Brighton & Hove Albion for £65m. This despite having major funding from PIF with only the Premier League's PSR rule book preventing them on splashing out on big names.

Newcastle announced the appointment of Jacobo Solis to the club's Board of Directors yesterday. Solis is Head of Europe Direct Investments in the International Investments Division at PIF. He has been directly involved with Newcastle United since the acquisition of the club by an investment group led by PIF in October 2021 and is closely aligned with the club's strategy and plans for the future.

Prior to joining PIF, Solis worked as an investment banker in the United States, and prior to that, as a lawyer in his native Spain. He also sits on the boards of LIV Golf, E1 Series, the all-electric powerboating championship, and POSCO E&C, the South Korean engineering company, all of which have received investment from PIF.

Solis' appointment will further strengthen the Club's board of directors and follows that of Roger Thornton in October 2024. Back in 2023 Toon chairman Yasir Al-Rumayyan had stated: "Finishing in the top four, our revenue is increasing. Remember, you have to work within the financial fair play framework, so the more revenue we will have, the more players we will have ready.

"Then the Champions League will add more revenue for us. The sponsorship is improving and that’s more funds and more revenue. If you put all these things together, I think we should have an ambition and aspiration to be number one."

Newcastle are currently in the top five and hoping to land a Champions League place once again after six top-flight wins in a row. They are occupying what will be a Champions League slot as things stand according to UEFA coefficient.