This is how Newcastle United funded the January signature – Soccer Sports

Newcastle United fans were hoping for significant help from the January transfer window.

Mike Ashley and Steve Bruce are leaving to sort out the complete and complete mess.

The new owner took over on October 7, 2021 and inherited a completely unbalanced Newcastle United team, lacking both quality and depth.

In a disastrous year and two transfer windows, Mike Ashley allowed only one player, Joe Willock, to sign, but apparently wasn’t enough / not enough for existing players with numerous new contracts. Gave.

The new owner, who took over under Bruce without a win this season, will be rooted in the relegation zone, wait three months for a new signature to be brought in, and begin reverting the shambles inherited from the previous owner ( Immediately be) Former head coach.

Just after the transfer period in January has just ended, five new players have been added to the team.

Matt Targett participates in the loan and has the permanent signatures of Bruno Guimaran, Chris Wood, Dan Burn and Kieran Trippier.

That small lot will cost around £ 85m with a guaranteed transfer fee, but future add-ons will have a final figure of over £ 90m or Mike Ashley on all windows on January 14th. It is set to be used in.

So how did Newcastle United fund the transfer business in January?

As with all Premier League clubs doing business, you don’t have to pay all £ 85m in advance, including future installments. Fees and other related additional costs.

The latest information on Newcastle United’s latest Companies House provides answers on how to fund a transaction.

Its update at Companies House, released Friday, shows that Newcastle United sold a share of 5p face value for £ 40m …

This £ 40m cash injection actually occurred on January 24, 2022, as updates at Companies House always run behind the actual event.

This clearly seems to be the Saudi Arabian PIF injecting £ 40m into the club to pay for the January signature.

At the same time, it does not change the ownership structure of the club.

This is with Amanda Staveley, while Saudi Arabia’s PIF maintains an 80% share of the club. Ruben Each family still has 10%. This wasn’t the case if £ 40m went into the club in exchange for millions of new shares, not just this one with a face value of 5p.

Soccer finance expert Keeran Magwire Tell the Chronicle:

“Newcastle needed some money for its January transfer budget, so it issued one share to investors for £ 40m.

“You can put as much money into your club as you like through stocks, but you are only eligible for £ 90m over a three-year rolling period. Stock investment for FFP calculations is limited to £ 90m. And I think they have already made a significant investment when they first got involved ..I think it helps Newcastle In the Premier League. PIF can be said to be run by Stavely’s shareholders, who we participate in on the board and have significant ties to the club. “

In fact, since the first acquisition on October 7, 2021 New owner / Saudi PIF has actually already made a similar move and introduced additional cash before Window 1 of this January.

On November 24, 2021, the Companies House update showed that this happened on November 9, 2021.

Companies House Newcastle United November 24, 2021As you can see, the par value of one share is the same as 5p, but at that time £ 38.5m was put into the club. Perhaps it will help with general running costs and help prepare for the next January 22nd transfer window.

– Soccer Sports

This is how Newcastle United funded the January signature This is how Newcastle United funded the January signature

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