Newcastle United’s Value Soars to £1 Billion After Staveley Sale

Newcastle United is now valued at over £1 billion ($1.3 billion), after its Saudi owners increased its holding by buying former owner Amanda Staveley’s stake, according to people familiar with the situation.

Saudi Arabia’s Public Investment Fund bought an 80% stake in the Premier League team from British businessman Mike Ashley in October 2021, paying around £305 million. The other 20% was originally split between London-based property developers Reuben Brothers and Staveley and her husband Mehrdad Ghodoussi.

PIF has invested a further £260 million since the takeover, the people said, asking not to be named discussing private information. Under ...