Newcastle United ownership group to invest further $80.4m of equity in club

Bruno Guimaraes celebrates scoring Newcastle United’s fourth goal in their 4-1 win over Southampton at St. Mary’s Stadium, Southampton, Britain, Nov. 6, 2022. (Reuters)
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Updated 09 November 2022
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Newcastle United ownership group to invest further $80.4m of equity in club

  • PIF-led cash injection leaps to more than $514m since last year’s takeover
  • Additional capital goes into implementing business plan

Newcastle United’s ownership group, which comprises Saudi Arabia’s Public Investment Fund, PCP Capital Partners and RB Sports & Media, has committed to invest a further $80.4 million of equity into the club, an official statement has confirmed.

This amount will bring the group’s total investment to more than $514 million since the takeover in Oct. 2021.

The new capital injection comes in the wake of several investments that have seen an upgrade in training facilities and St. James’ Park, the recruitment of senior executives to boost the commercial operations of the club, and additions to the playing squad.

Newcastle CEO Darren Eales said: “We are at the beginning of a long-term plan that aims to build a club that can compete consistently at the highest levels of English and European football.

“We need to develop the whole business, as well as the playing squad, and we need to do so while adhering to the Financial Fair Play rules. This additional investment further enables us to continue implementing the business plan.”

Newcastle United currently sit third in the Premier League table after a run of six wins in seven matches.


Dubai Basketball marks Ramadan opener with win and 3,055 eels donated to UAE Food Bank

Updated 27 February 2026
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Dubai Basketball marks Ramadan opener with win and 3,055 eels donated to UAE Food Bank

  • The ‘Basket for Basket’ initiative took place during the team’s 96-85 EuroLeague victory over LDLC ASVEL

DUBAI: Dubai Basketball won their EuroLeague round 29  game against LDLC ASVEL here on Thursday and celebrated by pledging 3,055 meals to families in need across the UAE.

The 96-85 win marked the club’s first game of Ramadan. Through the “Basket for Basket” initiative, every point scored by Dubai Basketball counted as a meal donated, with every ticket purchased adding to the total.

By the final buzzer, 3,055 meals had been secured in partnership with the UAE Food Bank to be distributed throughout the month of Ramadan.

Dubai Basketball Head Coach Jurica Golemac said after the game: “Thank you to the fans. It wasn’t an easy game to play, but we approached it with the right level of seriousness.

“We stayed disciplined, extended our lead step by step, defended well, and maintained our focus. I’m also very happy to say that during the holy month of Ramadan, we were able to donate more than 3,000 meals tonight.”

Co-CEO Dejan Kamenjasevic said: “To open this month with a win is special, but to do it while supporting thousands of families across the UAE is what truly matters.

“Basketball brought everyone together tonight, our players, our fans, our partners, together we created something meaningful.

“This is exactly what Dubai Basketball stands for: competing at the highest level, proudly representing this city while never losing sight of our responsibility to the community.”

The team delivered a strong collective performance at home. Mfiondu Kabengele set the tone early with a dominant scoring display, while Dwayne Bacon and McKinley Wright provided balance and control to secure the result.