Report: Newcastle owners hold talks with multi club group 777 Partners
Report: Newcastle owners hold talks with 777 Partners
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Report: Newcastle owners hold talks with 777 Partners

The Newcastle United owners are interested in investing more clubs, and have now held talks with a group that could give them a quick route to what they want.

According to Bloomberg, Newcastle have held talks with Miami-based investment group 777 Partners about a partnership.

The group is led by Steven Pasko and Josh Wander, and they have invested in multiple clubs from across the world since 2021. They have an impressive portfolio that includes majority stakes in Genoa, Red Star, Standard Liege, Vasco Da Gama, and Hertha Berlin.

On top of that, they have minority stakes in Sevilla and Melbourne Victory. There have been reports that they could arrive in England too, with a report from the Athletic last month stating that they were keen to buy a stake in Everton.

777 Partners have invested money in a wide variety of clubs, which is exactly what the Newcastle owners want to do. They want to replicate the Manchester City model, with their owners creating the City Group.

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Newcastle owners eyeing multi club model

Amanda Staveley has admitted herself that the Toon owners are considering a multi club model. It would hugely benefit Newcastle, as it would help them snap up talent from across the globe and give them immediate places to send players on loan.

There are also commercial benefits, and it would help increase Newcastle’s visibility throughout the global game. It is the ambition of the club to make the Magpies more popular in world football and increase its profile.

A multi club model would help towards that, and it has been reported by 90min that buying a team in Belgium or France has been discussed.

But a deal with 777 Partners would be very different. It would see Newcastle invest in the group, which would effectively give them a shortcut to a multi club model.

Given the clubs already involved with 777, it could be a very lucrative option for the Magpies. For example, we would have been much better placed to sign Andrey Santos from Vasco in January if we were part of the investment group.

Instead, he went to Chelsea – and that is also an option for 777 Partners. The Athletic recently claimed that owner Todd Boehly has held talks with Pasko and Wander about a partnership.