Saudi PIF consider £1bn sale of Newcastle United, claims Richard Keys
Saudi Arabia’s Public Investment Fund (PIF) are reportedly looking to sell Newcastle United for £1bn, according to broadcaster Richard Keys.
The Magpies were purchased by the Middle Eastern wealth fund for £305m in October 2021, instantly making them one of the wealthiest teams in world football.
However, strict financial regulations have restricted the ownership group’s ability to spend freely, stifling their ambitions to dominate the English game.
A steep asking price
Writing on his personal blog, the veteran sports presenter revealed that interested parties exist, but a significant valuation gap remains.
“Another whisper I picked up recently – and I don’t think this will come as a surprise to anybody – I’m told the Saudis are looking to sell Newcastle.”
“Apparently there are interested parties, but the Saudis want £1b. £500m is nearer the mark.”
Struggles on the pitch
This surprising revelation arrives during a highly turbulent period for the Tyneside outfit.
Manager Eddie Howe is facing increasing scrutiny following a dismal run of results that has left his side sitting 12th in the top flight.
A disappointing recent derby defeat to Sunderland has severely damaged their hopes of securing European qualification for next season.
Furthermore, the club suffered a humiliating 8-3 aggregate elimination at the hands of Barcelona in the Champions League earlier in the campaign.
Uncertain future at St James’ Park
Despite these recent setbacks, the current regime has overseen significant milestones, including two top-four finishes and ending a 70-year trophy drought with a Carabao Cup triumph in 2025.
A sudden departure by the primary financial backers would serve as a monumental blow to the squad’s long-term aspirations.
Unless the current owners are willing to significantly lower their monumental valuation, an imminent handover of power appears highly unlikely.
