Newcastle’s £70m PSR boost is envy of Premier League as Amanda Staveley’s plan pays off

Newcastle’s £70m PSR boost is envy of Premier League as Amanda Staveley’s plan pays off

According to the most recent study, Newcastle United has outperformed the rest of the Premier League in one financial category.

The Magpies are currently in a battle to meet the £105 million Profit and Sustainability benchmark for the top flight by June 30th, the date of the end of the three-year assessment window.

Due to this, the team has attempted to arrange a number of ad hoc trades, such as the failed attempt to recruit Dominic Calvert-Lewin of Everton, which would have resulted in Yankuba Minteh leaving.

The Saudi Public Investment Fund has made a sizable expenditure in the transfer market, despite not being able to spend as much as they would have liked.

Their investment has yielded a remarkable return. Eddie Howe’s team earned a spot in the Champions League for 2023–24.

Furthermore, in terms of PIF’s long-term goals for the team, they are still well ahead of schedule, despite finishing in eighth place the previous season.

The Tynesiders must raise money in order to compete at the top level. Furthermore, the most recent data demonstrates how effective the PIF regime was in achieving precisely that during its tenure in the northeast.

More money is being made by Newcastle than by any other Premier League team.
This week saw the publication of Deloitte’s Annual Review of Football Finance, which examines the financial state of the sport in the Premier League and beyond.

Data from the Big Four accounting firm’s study revealed that, between 2021–22 and 2022–23—the final year for which financial data is available—Newcastle’s revenue increased by an astounding 39%.

With the exception of the teams promoted from the Championship, whose earnings are far lower than those of the top flight, that rise was the largest of any Premier League club by a considerable margin.

Arsenal, their nearest rival, came in a distant second with 26%.

In 2021–22, the Magpies made £180 million. It was during this season that Mike Ashley gave up ownership of the team to the Public Investment Fund.

In contrast, they received £250 million in 2022–2023. And when they publish their 2023–2024 financial statements, that amount will significantly exceed £300 million.

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