Newcastle Eye £10m Off-Pitch Deal After PIF Talks in Belgium
Newcastle United are reportedly in advanced talks to secure a £10m off-pitch deal following face-to-face negotiations between the club’s Saudi Arabian owners and a Belgian consortium. According to The Telegraph, the deal would involve the consortium investing in Newcastle’s commercial activities, including sponsorship, merchandising, and hospitality. The investment is expected to help the club generate additional revenue streams and support its long-term growth. The talks took place in Belgium earlier this week, with representatives from the Public Investment Fund (PIF), Newcastle’s majority shareholder, meeting with the consortium. Sources close to the negotiations have indicated that the deal is close to completion. If the deal is finalized, it would mark a significant step forward in Newcastle’s off-pitch development. The club has been seeking to attract investment to enhance its commercial operations and improve its financial stability. Financial Fair Play regulations restrict Newcastle’s ability to spend excessively on player transfers. However, an off-pitch deal would provide the club with a valuable source of revenue that could be used to invest in the squad within the permitted limits. The deal would also strengthen Newcastle’s ties to the wider football community, particularly in Belgium, which has produced some of the world’s most talented players. The consortium involved in the negotiations reportedly has strong connections to the Belgian Pro League. Newcastle have made significant progress on the pitch in recent months, securing a top-five finish in the Premier League and reaching the Carabao Cup final. The club is now looking to build upon that success by investing in its off-pitch operations and establishing itself as a major force both on and off the field.Newcastle United are reportedly close to completing a £10 million off-pitch deal following face-to-face talks between the club’s owners, the Saudi Arabia-backed Public Investment Fund (PIF), and Belgian company QNTM Performance. QNTM Performance is a data and analytics company that provides sports organizations with performance insights and player tracking technology. The company has worked with a number of high-profile clubs and organizations, including Manchester City, Real Madrid, and the United States Olympic Committee. According to The Telegraph, the deal between Newcastle and QNTM Performance would see the company become the club’s official data and analytics partner. QNTM Performance would provide Newcastle with access to its proprietary technology and expertise, which would help the club to improve its player recruitment, training, and performance analysis. The deal is said to be worth around £10 million over five years. It is expected to be completed in the coming weeks. If the deal is completed, it would be a significant boost for Newcastle’s off-pitch capabilities. The club has been investing heavily in its infrastructure and recruitment in recent years, and the addition of QNTM Performance’s technology and expertise would further enhance those efforts.
