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Mags selling their stadium to themselves


"PZ Newco Holdings Limited (PZNH) was incorporated in the UK on June 5, 2025 and is, like Newcastle United, wholly-owned by PZ Newco Limited, the UK-registered investment vehicle majority-owned by PIF. On June 27, three days before the club’s accounting year end, PZNH purchased ‘leasehold improvements at St James’ Park’ for £172.1m, generating £129m profit in Newcastle’s books. That comprises the stadium structure; the land St James’ Park sits on is managed by the Freemen of Newcastle, and is not owned by the club."

Sold their ground and they don't even own the land it sits on, that'll be a big issue for them in the future.
 
andy78 said:
"PZ Newco Holdings Limited (PZNH) was incorporated in the UK on June 5, 2025 and is, like Newcastle United, wholly-owned by PZ Newco Limited, the UK-registered investment vehicle majority-owned by PIF. On June 27, three days before the club’s accounting year end, PZNH purchased ‘leasehold improvements at St James’ Park’ for £172.1m, generating £129m profit in Newcastle’s books. That comprises the stadium structure; the land St James’ Park sits on is managed by the Freemen of Newcastle, and is not owned by the club."

Sold their ground and they don't even own the land it sits on, that'll be a big issue for them in the future.
Click to expand...
I’m not familiar with Newcastle, but in Manchester practically every property is leasehold rather than freehold. It may just be be par for the course up there
 
andy78 said:
"PZ Newco Holdings Limited (PZNH) was incorporated in the UK on June 5, 2025 and is, like Newcastle United, wholly-owned by PZ Newco Limited, the UK-registered investment vehicle majority-owned by PIF. On June 27, three days before the club’s accounting year end, PZNH purchased ‘leasehold improvements at St James’ Park’ for £172.1m, generating £129m profit in Newcastle’s books. That comprises the stadium structure; the land St James’ Park sits on is managed by the Freemen of Newcastle, and is not owned by the club."

Sold their ground and they don't even own the land it sits on, that'll be a big issue for them in the future.
Click to expand...
The premier league changed the rules so you can’t sell assets to yourself - however, I think this rule change only comes into effect from next season.
If that is the case I am sure we (and every other premier league club) are looking at how we can also improve our position within “this season’s rules”
 
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