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Newcastle United is set to invest $260 million in a new state-of-the-art training complex, slated for completion by the start of the 2029/2030 season. This ambitious project signals the Saudi owners' continued commitment to the club's long-term development, despite a series of high-profile player sales over the past year.
According to Reuters, this significant investment comes amidst growing skepticism regarding the commitment of Saudi Arabia's Public Investment Fund (PIF), which acquired Newcastle in 2021. Last season saw the departure of Alexander Isak, while this summer, Bruno Guimarães, Anthony Gordon, and Sandro Tonali have also moved on. The Magpies failed to qualify for European club competitions after finishing 12th in the Premier League, and also parted ways with manager Eddie Howe, who twice led the team to the Champions League.
“The project represents a significant long-term investment in the club’s future by its owners PIF and RB Sports & Media,” the club stated.
Newcastle's CEO, David Hopkinson, described the project as a “landmark moment” for the club. The club will acquire the Woolsington Hall estate, spanning 260 acres. The property includes a derelict country house, a listed monument, and a large park. Located near Newcastle Airport, the estate is set to be transformed into a world-class training facility.
Interestingly, the site has a historical connection to the club. In 1994, former Newcastle chairman John Hall purchased it as a potential location for the Magpies' academy.
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