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.
There have been three full transfer windows since Newcastle was taken over by PIF, RB Sports & Media, and PCP. The fourth is currently underway:
As of this writing on 4th July 2023, Newcastle United has spent a total of £307.23 million on transfers in the 21 months since the takeover, according to Transfermarkt.co.uk. In that time the club has recouped just £18.05 million from sales, meaning the club's net spend since the takeover currently stands at £289.18 million.
For some context, in the entirety of Mike Ashley's 14-year reign as Newcastle United owner, the club spent a total of £532.34 million on transfers and recouped £374.71 million in sales. The club's net spend during the Ashley years was just £157.63 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.
Newcastle have signed a total of 13 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. With thanks to TransferMarket.co.uk for the data:
|Bruno Guimarães||Olympique Lyonnais||£36.08m|
|Dan Burn||Brighton & Hove Albion||£12.86m|
|Kieran Trippier||Atlético de Madrid||£12.00m|
|Alexander Isak||Real Sociedad||£60.00m|
|Sven Botman||LOSC Lille||£31.71m|
|Matthew Targett||Aston Villa||£15.00m|
|Harrison Ashby||West Ham United||£2.91m|
|Garang Kuol||Central Coast Mariners||£0.30m|
|Sandro Tonali||A.C. Milan||£54.86m|
|Yankuba Minteh||Odense Boldklub||£6.86m|