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Please read our Please read ourWhen the ‘consortium’ bought out Mike Ashley in October 2021, the post-takeover showed shareholdings of 80% Saudi Arabia PIF, 10% Reuben family, and 10% Amanda Staveley.
Anyway, the way it was set up when they took over Newcastle United, Saudi Arabia PIF acquired their 80% stake in the club as ‘NCUK Investment Limited’, while the Reuben family’s RB Sports and Media and Amanda Staveley’s Cantervale Holdings took 20% as ‘JV1 Limited’. Back in October 2021, those shares between RB Sports and Media and Cantervale Holdings were equal at a 10% stake in the club each.
9 November 2021 – £38.5m – This additional amount of money was invested into the club by the new Newcastle United owners. 22 August 2023 – £60.0m – This additional amount of money was invested into the club by the Newcastle United owners. Any further investment in the club by the owners was supposed to be on the same percentage basis and indeed the Saudi Arabia PIF paid in 80% of each of the six further investments.
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