How much Newcastle have spent under PIF

The only way is up for Newcastle United.

Mike Ashley’s exit and the Saudi Arabian Public Investment Fund’s (PIF) subsequent takeover in October 2021 has facilitated a major resurgence on Tyneside. Eddie Howe, meanwhile, has coached masterfully since his arrival.

The Magpies are now blessed with all the financial might an elite football club requires, but it is Howe’s shrewd coaching and the club’s savvy approach to recruitment that has helped Newcastle re-emerge as a serious Premier League force.

Sure, a lot of money has been spent by the new owners, but each signing since the start of the 2022 January transfer window has been purposeful and worthwhile.

Here’s all the business Newcastle have conducted under PIF’s ownership so far.

Player

Joined From

Date Joined

Fee

Kieran Trippier

Atletico Madrid

7 January, 2022

£12m

Chris Wood

Burnley

13 January, 2022

£25m

Bruno Guimaraes

Lyon

30 January, 2022

£40m

Matt Targett

Aston Villa

31 January, 2022

Undisclosed loan fee

Dan Burn

Brighton & Hove Albion

31 January, 2022

£13m

Matt Targett

Aston Villa

8 June, 2022

£15m

Nick Pope

Burnley

24 June, 2022

£10m

Sven Botman

Lille

1 July, 2022

£32m

Alexander Isak

Real Sociedad

26 August, 2022

£63m

Garang Kuol

Central Coast Mariners

30 September, 2022

£300,000

TOTAL SPEND: £210.3m

Newcastle’s total spent since PIF’s arrival is approximately £210m. The Magpies did an excellent job in securing several priority targets last January, but they were forced to spend the most by any club in Europe in order to do so.

Nevertheless, Kieran Trippier, Dan Burn, and Bruno Guimaraes have all played huge roles in Newcastle’s exponential improvement, with the latter’s value rising mightily over the past year. His £40m purchase has proven to be a bargain.

Alexander Isak then arrived in the summer for a club-record £63m as they spent approximately £120m ahead of the 2022/23 season. However, Newcastle were just the seventh-biggest spenders in the Premier League as the likes of Wolves, West Ham and Nottingham Forest each spent more.

Summer arrival Sven Botman has been superb this season, as has Nick Pope between the sticks. No goalkeeper has kept more clean sheets (14) than the former Burnley shot-stopper in Europe’s top-five leagues in 2022/23 thus far.