Newcastle United reports a £30 million PSR boost as their ambitions of winning the Champions League are greatly aided.

Newcastle United’s 2023–24 Champions League campaign brought in £28.9 million,

according to the club’s most recent financial statements.

The club’s accounts for the year ending June 30, 2024,

showed a significant decline in losses and an increase in revenues,

demonstrating the enormous impact that Champions League football has

on the team’s finances and the reason they will be eager to return to the

competition in the near future. Of all the financial information that Newcastle United

posted in their 23–24 accounts, the club disclosed that they banked £29.8 million

from their participation in the previous season’s Champions League – despite losing in

the group stages. Matchday revenue, primarily from their three Champions League home games,

also increased by 32% from the previous season. This is important because the money

earned from playing in Europe will not be included in their next set of financial statements,

which are due in a year. For a club with aspirations like Newcastle United, playing

Champions League football on a regular basis is something they should aim for with

continental football each year, as it is one of the bare minimum requirements for

both sporting and financial reasons.