How much did Newcastle spend under the Public Investment Fund?


The only way is to Newcastle United.

The exit of Mike Ashley and the subsequent acquisition of Saudi Arabia’s Public Investment Fund (PIF) in October 2021 facilitated a huge recovery in Tyneside. Meanwhile, Eddie Howe had trained brilliantly since his arrival.

The Magpies are now blessed with all the financial muscle an elite football club would require, but it was Howe’s astute coaching and the club’s shrewd approach to recruitment that helped Newcastle emerge once again as a serious force in the Premier League.

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

Here’s all the work Newcastle have done under PIF ownership so far.


join from

the date of join


Kieran Trippier

Atletico Madrid

January 7, 2022

12 million pounds sterling

Chris Wood


January 13, 2022

25 million pounds sterling

Bruno Guimarães


January 30, 2022

40 million pounds sterling

Matt Targett

Aston Villa

January 31, 2022

Undisclosed loan fees

Dan Byrne

Brighton and Hove Albion

January 31, 2022

13 million pounds sterling

Matt Targett

Aston Villa

June 8, 2022

15 million pounds sterling

Nick Pope


June 24, 2022

10 million pounds sterling

Sven Putman


July 1, 2022

32 million pounds sterling

Alexander Isaac

Real Sociedad

August 26, 2022

63 million pounds sterling

Garang Cole

Central Coast Mariners

September 30, 2022


Total spending: £210.3m

Newcastle’s total spending since the arrival of the PIF has been around £210m. The Magpies did an excellent job of securing several priority targets last January, but have had to spend the most by any club in Europe in order to do so.

However, Kieran Trippier, Dan Burn and Bruno Guimarães have all played big roles in Newcastle’s exponential improvement, with the latter’s value skyrocketing over the past year. His £40 million purchase proved to be a bargain.

Then Alexander Isaacs arrived in the summer for £63m, which they spent close to £120m ahead of the 2022/23 season. However, Newcastle were the seventh biggest spenders in the Premier League with Wolverhampton, West Ham and Nottingham Forest spending the most.

Summer arrives, Sven Putman has been great this season, and so has Nick Pope between the sticks. No goalkeeper has kept more clean sheets (14) than the former Burnley goalkeeper in Europe’s top five leagues in 2022/23 so far.


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