It might not be the January signing many had been hoping for to kick-off the brand new 12 months, however Newcastle United have as we speak confirmed a brand new arrival.
Whereas Amanda Staveley and Mehrdad Ghodoussi might have departed in 2024, adjustments proceed behind the scenes as a person well-known inside PIF circles has arrived to bolster our board of administrators behind the scenes.
Solis appointed at Newcastle
Newcastle United have introduced the appointment of Jacobo Solis to membership’s board of administrators as we speak.
Solis is the Head of Europe Direct Investments within the Worldwide Investments Division at PIF and, in response to the i’s Mark Douglas has ‘been an enormous a part of decision-making for some time’, with a membership assertion revealing his involvement because the takeover went by way of in October 2021.
His official arrival comes as Newcastle face a lot of essential strategic in 2025, with a choice set to be made on the potential re-development of St James’ Park; if not the constructing of a wholly new stadium.
Official Newcastle United assertion – Thursday ninth January
‘Newcastle United as we speak introduced the appointment of Jacobo Solis to the membership’s Board of Administrators.
‘Solis is Head of Europe Direct Investments within the Worldwide Investments Division at PIF. He has been immediately concerned with Newcastle United because the acquisition of the membership by an funding group led by PIF in October 2021 and is carefully aligned with the membership’s technique and plans for the long run.
‘Previous to becoming a member of PIF, Solis labored as an funding banker in the US, and previous to that, as a lawyer in his native Spain. He additionally sits on the boards of LIV Golf, E1 Sequence, the all-electric powerboating championship, and POSCO E&C, the South Korean engineering firm, all of which have obtained funding from PIF.
‘Solis’ appointment will additional strengthen the Membership’s board of administrators and follows that of Roger Thornton in October 2024.’