Newcastle Toons
Fansided

Newcastle United owners look to grow team to multi-club ownership

By Cade Cracas

Newcastle United's English minority owner Amanda Staveley (L) and her husband, Newcastle United Director, Mehrdad Ghodoussi (R) take their seats for the English Premier League football match between Manchester City and Newcastle United at the Etihad Stadium in Manchester, north west England, on March 4, 2023. (Photo by Paul ELLIS / AFP) / RESTRICTED TO EDITORIAL USE. No use with unauthorized audio, video, data, fixture lists, club/league logos or 'live' services. Online in-match use limited to 120 images. An additional 40 images may be used in extra time. No video emulation. Social media in-match use limited to 120 images. An additional 40 images may be used in extra time. No use in betting publications, games or single club/league/player publications. / (Photo by PAUL ELLIS/AFP via Getty Images)
Newcastle United's English minority owner Amanda Staveley (L) and her husband, Newcastle United Director, Mehrdad Ghodoussi (R) take their seats for the English Premier League football match between Manchester City and Newcastle United at the Etihad Stadium in Manchester, north west England, on March 4, 2023. (Photo by Paul ELLIS / AFP) / RESTRICTED TO EDITORIAL USE. No use with unauthorized audio, video, data, fixture lists, club/league logos or 'live' services. Online in-match use limited to 120 images. An additional 40 images may be used in extra time. No video emulation. Social media in-match use limited to 120 images. An additional 40 images may be used in extra time. No use in betting publications, games or single club/league/player publications. / (Photo by PAUL ELLIS/AFP via Getty Images) /
facebooktwitterreddit

In October of 2021, The Public Investment Fund of Saudi Arabia purchased an 80% stake in Newcastle United, bolstering the funds for the club.

Now, over a year and a half later, Newcastle is looking to continue to grow the club’s ownership after the team has found tremendous success in the 2022-2023 season behind manager Eddie Howe.

Newcastle fans waves flags in the crowd before the English Premier League football match between Newcastle United and Wolverhampton Wanderers at St James’ Park in Newcastle-upon-Tyne, north-east England on March 12, 2023. (Photo by LINDSEY PARNABY/AFP via Getty Images)
Newcastle fans waves flags in the crowd before the English Premier League football match between Newcastle United and Wolverhampton Wanderers at St James’ Park in Newcastle-upon-Tyne, north-east England on March 12, 2023. (Photo by LINDSEY PARNABY/AFP via Getty Images) /

Bloomberg News has recently reported that 777 Partners LLC is considering raising new capital to back its portfolio of football clubs and has held talks with the Newcastle United owners about making a potential investment.

This investment group has reportedly connected with five other groups in hopes of raising funds and growing team ownership. If this were to happen, Newcastle United could move into multi-club ownership.

This would allow for the growth of funds, exposure and even recruiting for Newcastle.

With Newcastle United potentially moving into such a field, other multi-club owners include Paul Conway’s Pacific Media Group, John Textor’s Eagle Football Holdings LLC and Abu Dhabi’s City Football Group Ltd., the owner of Premier League champion Manchester City FC, according to Bloomberg.

LONDON, ENGLAND – FEBRUARY 26: The teams take to the field as Newcastle United fans wave flags and show their support prior to the Carabao Cup Final match between Manchester United and Newcastle United at Wembley Stadium on February 26, 2023 in London, England. (Photo by Julian Finney/Getty Images)
LONDON, ENGLAND – FEBRUARY 26: The teams take to the field as Newcastle United fans wave flags and show their support prior to the Carabao Cup Final match between Manchester United and Newcastle United at Wembley Stadium on February 26, 2023 in London, England. (Photo by Julian Finney/Getty Images) /

While some may be wondering, why pick Newcastle, the reason is that Newcastle is not going to cost billions, and is one of the top up-and-coming teams.

Other teams that are atop of the Premier League table and drawing as much attention as Newcastle such as Tottenham, Manchester City and United, Arsenal or even Liverpool cost billions of dollars to invest into.

Trending. 3 transfer targets for Newcastle United in the 2023 offseason. light

While this report is still in the early works, it is not outlandish to think that Newcastle United could attempt to grow its ownership as the club continues to find both league play and domestic success.

Newcastle Toons
Newcastle Toons /

Want your voice heard? Join the Newcastle Toons team!

Write for us!

Home/Newcastle News