Saudi Arabia’s PIF has reaffirmed its commitment to Newcastle United, aiming for long-term success on and off the pitch.
In late February, PIF Governor Yasir Al-Rumayyan and other key figures visited Newcastle, attending the win over Nottingham Forest and holding crucial discussions on the club’s future.
A key focus was the summer transfer budget and stadium development, with feasibility studies exploring both a new stadium and a redeveloped St James’ Park. The preferred option appears to be a new 70,000-seater stadium costing around £1.5 billion, partially overlapping the current site.
The Telegraph reports that Newcastle is launching ‘Project 2030’—a five-year plan to establish the club as a major force in English and European football. Al-Rumayyan remains fully committed, challenging club officials to deliver a strategy for competing at the highest level.
The goal is to close the financial gap with the Premier League’s “Big Six,” regularly qualify for the Champions League, and push for silverware, including success for the women’s team.
Having navigated Financial Fair Play constraints through key player sales, Newcastle is now positioned for a big summer transfer window, aiming to strengthen across all areas while retaining top talents like Alexander Isak.
PIF has also reiterated its backing for manager Eddie Howe, seeing him as the long-term leader to build a title-winning squad.
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