According to Companies House, Newcastle's owners have made a £37 million declaration and injected 'new funds'.

Newcastle United’s owners have ‘pumped’ a further £37m into the club following the sale of a single share.

A Companies House update has revealed that the club filed a statement of capital after an allotment of shares last month. It is worth noting that the club made similar filings in November, 2021, January, 2022, October, 2022, February, 2023 and August, 2023. These amounts have varied from £37m to as much as £70.4m.

So what is this money spent on? Well, back in 2022, the club revealed that the ownership group had put in the aforementioned £70.4m of equity following a wide range of investments, including new players, an upgrade of training facilities, improvements to St James’ Park and the hiring of a number of senior executives to build out the commercial operations of the club.

Even then, the club stated that further investment is ‘expected’, which ‘reflects the ownership group’s long-term commitment’. CEO Darren Eales said at the time that Newcastle had to develop the whole business as well as the playing squad while adhering to financial rules and this ‘additional investment further enables us to continue implementing the business plan’.

The club have since repeatedly stated that the ownership group have ‘injected additional capital to improve the financial position of the business’ and that this additional funding ‘aligns with the PIF’s approach as a long-term investor’. These words help explain this latest filing with football finance expert Kieran Maguire commenting: “Looks like the owners are pumping in fresh cash.”