Exclusive: PIF set aside 'big' amount of cash for Newcastle summer signing spree

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(Credit: Imago/Getty Images) Thu 16 April 2026 7:00, UK Newcastle United’s Saudi Public Investment Fund (PIF) ownership are set to big sums available for their summer transfer business, sources have told Football Insider.Manager Eddie Howe is keen to “reshape” his squad at St James’ Park, and it is expected that there will be several ins and outs ahead of next season in order to facilitate that. VISIT THE NEWCASTLE TRANSFER HUB MORE FOOTBALL INSIDER STORIES Newcastle wary of summer 2025 repeatNewcastle’s finances are in a healthy position despite their heavy spend last summer, with the British record sale of Alexander Isak to Liverpool ultimately offsetting most of their own business.

The Magpies spent over £275million on new additions to their squad last summer, but they have not delivered the desired return, given that they are still 24 points adrift of their final total from last season. The club hierarchy are ready to take on round two of their major spend this time around, but they are wary of last year’s errors ahead of the window.

Newcastle are a club who have got their hearts set on growing to challenge the Premier League’s established elite on a yearly basis, and there is a feeling that they still have plenty of work to do on the squad to get to that stage. Nevertheless, Newcastle have identified Diomande as a clear target to improve their defence for next term, and with the money available to spend at St James’, they could kick off their summer business with a move for him.