How much have Newcastle United spent since the takeover?

Newcastle United was taken over by a consortium comprised of Saudi Arabia's Public Investment Fund (PIF), RB Sports & Media, and PCP Capital Partners (PCP) in October 2021.

The £305 million takeover put an end to Mike Ashley's frugal and contentious 14-year ownership of the football club and was expected to bring with it extravagant spending akin to that seen at Manchester City and Paris Saint-Germain since their respective 2008 and 2012 takeovers.

Names like Cristiano Ronaldo, Lionel Messi, and Kylian Mbappe were almost instantly linked with transfers to Newcastle United. However, none of these particular players has arrived, and while the club has certainly spent more than it did pre-takeover, "extravagant" would hardly be the word we'd use to describe the business done to date.

How much have Newcastle United spent since the takeover?

As of this writing on 21st March 2024, Newcastle United has spent an estimated total of £381 million on transfers since the takeover, according to Transfermarkt.co.uk. In that time the club has recouped just £50 million from sales, meaning the club's net spend since the takeover currently stands at £331 million.

For some context, in the entirety of Mike Ashley's 14-year reign as Newcastle United owner, the club spent a total of £532 million on transfers and recouped £374 million in sales. The club's net spend during the Ashley years was just £157 million.

So, Newcastle United's spending has most certainly increased significantly since the takeover. They are quite clearly limited by the "financial fair play" rules imposed by both The Premier League and UEFA, however.

Who have Newcastle signed since the takeover?

Newcastle have signed a total of 14 players on permanent deals since the takeover, with Alexander Isak from Real Sociedad in August 2022 being the most expensive purchase at a reported £60 million.

Here's a full breakdown of Newcastle's transfer business since October 2021:

January 2022 Arrivals

Player	From	For
Bruno Guimarães	Olympique Lyonnais	£35m
Chris Wood	Burnley	£25m
Dan Burn	Brighton & Hove Albion	£13m
Kieran Trippier	Atlético de Madrid	£12m
		£85m

Summer 2022 Arrivals

Player	From	For
Alexander Isak	Real Sociedad	£60m
Sven Botman	LOSC Lille	£35m
Matthew Targett	Aston Villa	£12m
Nick Pope	Burnley	£10m
		£117m

January 2023 Arrivals

Player	From	For
Anthony Gordon	Everton	£40m
Harrison Ashby	West Ham	£3m
		£43m

Summer 2023 Arrivals

Player	From	For
Sandro Tonali	A.C. Milan	£60m
Harvey Barnes	Leicester City	£38m
Tino Livramento	Southampton	£32m
Yankuba Minteh	Odense Boldklub	£6m
		£136m