Ex-PL club chief details if PIF 'scaremongering' is true amid Newcastle developments

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(Credit: Getty, Imago) Newcastle United: PIF ‘scaremongering’ isn’t true amid latest plans at St Jamrs’ Park Tue 28 April 2026 18:45, UK Newcastle United’s Saudi ownership remain committed to the club but must speed up their decision-making processes.That is the view of former Everton chief executive Keith Wyness, speaking to Football Insider, who states that PIF will not be pulling their funding for the Magpies.It comes after PIF sold their 70 per cent share in Saudi club Al-Hilal for £276million, and could cut their funding for LIV Golf, whilst the war in the Middle East could be having an effect on their investments.However, PIF have yet to confirm whether Newcastle will redevelop St James’ Park to increase its capacity or build a new 65,000-capacity stadium at Leazes Park.A new state-of-the-art training ground for Newcastle has also yet to advance, and the club’s revenue will be hit next season with no European football on Tyneside. 💰 Newcastle Finance Update 💰 Inside the PIF transfer budget, player wages, commercial growth, PSR updates and boardroom developments at St James’ Park. VISIT THE NEWCASTLE FINANCE HUB MORE FOOTBALL INSIDER STORIES PIF ‘must become more nimble’ as ‘issues’ emergeEverton’s former chief Keith Wyness, who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs, has heard of “issues” at Newcastle relating to the ownership’s decision-making.Speaking on the new edition of Football Insider‘s Inside Track podcast, Wyness states that making final decisions over a new stadium and training ground are taking far too long.Total Turnover£335.3mMatchday Income£51.6mCommercial Revenue£120.1mProfit After Tax£34.7mNewcastle’s 2024-25 financial accounts.He told Football Insider‘s Inside Track podcast: “Where it may impact them is why they’re taking so long about this whole new stadium and training ground project is that investment going forward, and they’ve got to satisfy themselves that it makes sense financially to do that.

“I don’t think it affects Newcastle anymore, apart from the fact it may just delay decision-making, which is crucial in football. “From what I’m hearing, there are issues in terms of delays from decision-making from PIF anyway and have been for a while, and they’ve got to sort that out and become more nimble.

So there is a lot of drama about this which I think is unfounded.”Newcastle register interest in Brighton defenderWith the summer transfer window fast approaching, and with a squad rebuild set to take place, Newcastle must be decisive with their decisions in the market.With Fabian Schar and Emil Krafth both on course to leave Newcastle upon the expiry of their contracts in the summer, and with Kieran Trippier having already confirmed his departure, Eddie Howe will be looking for a new defender this summer. Sources have told Football Insider that Newcastle could look to sign Jan Paul van Hecke from Brighton, as the 25-year-old prepares to enter the final year of his contract.Van Hecke has started all but two games for Brighton this season, who are currently on course to qualify for the Europa League.