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The original was posted on /r/soccer by /u/Sparky-moon on 2026-03-31 08:21:32+00:00.
Newcastle United sold both their St James’ Park home and adjacent land to another company owned by the club’s shareholders last season, enabling them to book their first profit since coming under the majority ownership of Saudi Arabia’s Public Investment Fund (PIF) in October 2021.
The intragroup asset sales generated paper proceeds of £176.2million ($232.3m) and an accounting profit of £133.1m, resulting in a pre-tax profit of £34.7m for Newcastle in 2024-25. Without the sales, the club would have posted a record £98.4m loss.
PZ Newco Holdings Limited (PZNH) was incorporated in the UK on June 5, 2025 and is, like Newcastle United, wholly-owned by PZ Newco Limited, the UK-registered investment vehicle majority-owned by PIF. On June 27, three days before the club’s accounting year end, PZNH purchased ‘leasehold improvements at St James’ Park’ for £172.1m, generating £129m profit in Newcastle’s books. That comprises the stadium structure; the land St James’ Park sits on is managed by the Freemen of Newcastle, and is not owned by the club.