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Newcastle losses mean players may have to be sold

Football finance guru Keiran Maguire reviews Newcastle United's finances after they made a £73m loss in the year to Juine 2023: https://www.themag.co.uk/2024/01/football-finance-expert-points-to-stand-out-figures-newcastle-united-2022-23-accounts-released/

Maguire added: 'Newcastle's losses announced yesterday mean the club goes into the top ten of loss making clubs in PL history.'

Newcastle’s turnover has jumped from £140 million to £250 million since they were taken over and their next accounts will show that playing in this season’s Champions League, after last year’s top-four finish, has earned the club a further £37 million.

The club’s chief executive officer, Darren Eales, has revealed that to be compliant with the Premier League’s profit and sustainability rules (PSR), Newcastle will have to consider selling players, including the stars Alexander Isak, Sven Botman and Bruno Guimarães.

Those rules means teams cannot record a loss greater than £105 million across the previous three seasons in their accounts. Newcastle have spent more than £400 million on players since their takeover and have increased turnover to £250 million.


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