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Good financial news for Newcastle

Newcastle United returned to the Champions League in 2023/24 for the first time in over 20 years, after securing a top-four finish in the Premier League during the previous season.   Off The Pitch’s financial forecast for 2023/24 predicts a record turnover for the club, driven by their significantly improved Premier League performance.

Since the Saudi Public Investment Fund took over in 2021, expectations have been sky-high. While the club is now set to report a profit, results on the pitch have begun to decline.  Under Mike Ashley’s ownership, the club prioritised financial prudence, often reporting profits but consistently underperforming on the pitch. Now the risk of repeating a similar pattern is beginning to emerge.

In recent years, Newcastle United have become one of football's compelling stories, transforming from a club battling mediocrity to one challenging the elite. With substantial investments following their Saudi-led takeover, the club achieved a top-four Premier League finish, earning a return to the UEFA Champions League.

However, the glory has proven fleeting. Their Champions League campaign was underwhelming and their performance in the Premier League this season has been inconsistent.   Talk of the top six becoming a top seven may have been premature.

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