English football club Newcastle United, which is backed by Saudi Arabia’s Public Investment Fund (PIF), has reportedly started talks with banks about funding of a new stadium.
The executives at the Premier League club are holding discussions on the feasibility and cost with several institutions, Bloomberg reported.
PIF led a buyout of Newcastle in October 2021, alongside PCP Capital Partners and RB Sports & Media, in a deal valued at about $410 million.
It has since spent $330 million on new players and funded multi-million-dollar renovations at its St James’ Park stadium and…
