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Lee Ryder

Newcastle United owner Amanda Staveley quashes talk PIF are interested in buying Manchester United

Amanda Staveley Newcastle United Newcastle Manchester United Eddie Howe FFP

Amanda Staveley has reassured Newcastle United fans that the club's wealthy Saudi investors have no interest in buying another Premier League club.

In recent weeks there have been suggestions that the Public Investment Fund could consider selling Newcastle to fund a bid for Manchester United. But co-owner Staveley - who says the consortium have pumped in over £200m of their own money since October 2021 - has dismissed that prospect of buying a rival out of hand.

Speaking at the Financial Times' Business of Football Summit, Staveley was asked whether the wealthy Middle East bidders would consider such a move. Staveley said: "We didn’t go for the wonderful Tottenham, Chelsea or Liverpool because why spend billions?"

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