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Chris Knight

The 'clever' PIF and Amanda Staveley £40m theory amid Newcastle Companies House update

Newcastle United's latest Companies House update is a 'clever' move from Saudi Arabia's Public Investment Fund.

That is the view of football finance expert Kieran Maguire, who believes the Magpies' majority owners injected £40m into the January transfer budget without damaging the club's ownership structure.

An update on Companies House published on Friday revealed United had managed to sell a single share with a face value of five pence to an unknown investor for £40m.

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