An insight into the kind of money which Newcastle United’s new owners will be permitted to spend, based on the club’s current financial situation, has been forthcoming online.
Ashley’s reign ends
The headline news across not only England, but the world of football as a whole on Thursday evening has of course come in the form of the big-money takeover at St. James’ Park.
After what no doubt felt like an eternity of waiting on the part of the Magpies faithful, the Saudi-led drive to replace Mike Ashley on Tyneside picked up major steam over the last 24 hours.
Owing to the long-standing ban on sports network beIN Sports being lifted in Saudi Arabia, Mohammed bin Salman returned to the table at St. James’ on Wednesday night.
And, incredibly, the initiative has since borne immediate fruit, with Newcastle having announced across the club’s social media platforms a short time ago that a £300 million takeover has indeed gone through.
🤝 An investment group led by the Public Investment Fund, and also comprising PCP Capital Partners and RB Sports & Media, has completed the acquisition of 100% of Newcastle United Limited and Newcastle United Football Club Limited from St. James Holdings Limited.
— Newcastle United FC (@NUFC) October 7, 2021
With the incoming Saudi consortium understood to boast wealth worth well over ten times’ that of Manchester City chief Sheikh Mansour, it should come as little surprise to hear that talk of potential headline-making player arrivals in the North East has already gotten well underway amongst the Newcastle faithful.
The likes of Kylian Mbappe and Erling Haaland are just two of those to have seen their names associated with the Magpies this evening, as excitement builds surrounding a potentially monumental shift in the English football landscape.
Newcastle’s new owners net worth vs. Man City’s owners net worth 🤑 pic.twitter.com/q0ghdOljQG
— ESPN FC (@ESPNFC) October 7, 2021
With Financial Fair Play lurking, though, just how much will bin Salman and co. realistically be permitted to splash out over the seasons ahead?
Well, on Thursday evening, an insight into precisely that has been forthcoming.
As per football finance expert Kieran Maguire, speaking to the Daily Mail, Newcastle’s supporters should be able to look forward to spending of upwards of £200 million+ between now and the summer of 2024.
Whilst Mike Ashley is not popular In Newcastle, his legacy for new owners is a profitable club. In last 3 yrs profit £38m, factor in FFP adjustments for academy etc of about £50m & this means the new owners have an allowable FFP loss of £105m plus £88m= £190m+ to play with #NUFC pic.twitter.com/IPSMzn3p22
— PriceOfFootball (@KieranMaguire) October 7, 2021
This comes with Mike Ashley, despite his undoubted flaws, having in fact left the Geordie outfit in a strong financial position.
Over the last three years, Newcastle have turned over a profit of around £38 million, standing the club in good stead when it comes to FFP over the next 3-year period, which allows for losses no greater than £105 million:
‘There is a lot of scope to increase the investment in Newcastle if new owners choose to do so.’
Saudi takeover will allow Newcastle to spend over £200million WITHOUT breaching FFP rules https://t.co/ctQXPaKQCE
— MailOnline Sport (@MailSport) October 7, 2021
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Premier League table
|6||Brighton & Hove Albion||7||3||14|
|9||West Ham United||7||4||11|
|Salah, Mohamed||Liverpool FC||6|
|Vardy, Jamie||Leicester City||6|
|Antonio, Michail||West Ham United||5|
|Fernandes, Bruno||Manchester United||4|
|Mane, Sadio||Liverpool FC||4|
|Maupay, Neal||Brighton & Hove Albion||4|
|Sarr, Ismaila||Watford FC||4|
|Townsend, Andros||Everton FC||3|
|Benrahma, Said||West Ham United||3|
|Son, Heung Min||Tottenham Hotspur||3|
|Gray, Demarai||Everton FC||3|
|Ronaldo, Cristiano||Manchester United||3|
|Lukaku, Romelu||Chelsea FC||3|
|Calvert-Lewin, Dominic||Everton FC||3|
|Jota, Diogo||Liverpool FC||3|
|Hwang, Hee-chan||Wolverhampton Wanderers||3|
|Greenwood, Mason||Manchester United||3|
|Doucoure, Abdoulaye||Everton FC||2|
|Jesus, Gabriel||Manchester City||2|
|Player||Team||Red Cards||Yellow Cards|
|Dennis, Emmanuel||Watford FC||0||4|
|Skipp, Oliver||Tottenham Hotspur||0||4|
|Pogba, Paul||Manchester United||0||3|
|Doucoure, Abdoulaye||Everton FC||0||3|
|Rice, Declan||West Ham United||0||3|
|Cooper, Liam||Leeds United||0||3|
|Norgaard, Christian||Brentford FC||0||3|
|Tarkowski, James||Burnley FC||0||3|
|Veltman, Joel||Brighton & Hove Albion||0||3|
|Brownhill, Josh||Burnley FC||0||3|
|Etebo, Oghenekaro||Watford FC||0||3|
|Djenepo, Moussa||Southampton FC||0||3|
|Antonio, Michail||West Ham United||0||1|
|Fernandes, Bruno||Manchester United||0||2|
|Maupay, Neal||Brighton & Hove Albion||0||2|
|Jimenez, Raul||Wolverhampton Wanderers||0||2|
|Gallagher, Conor||Crystal Palace||0||2|
|Alonso, Marcos||Chelsea FC||0||2|
|Ward Prowse, James||Southampton FC||1||1|
|Pogba, Paul||Manchester United||7|
|Doucoure, Abdoulaye||Everton FC||4|
|Jesus, Gabriel||Manchester City||4|
|Salah, Mohamed||Liverpool FC||3|
|Antonio, Michail||West Ham United||3|
|Saint-Maximin, Allan||Newcastle United||3|
|Kovacic, Mateo||Chelsea FC||3|
|Townsend, Andros||Everton FC||2|
|Benrahma, Said||West Ham United||2|
|Ings, Danny||Aston Villa||2|
|Toney, Ivan||Brentford FC||2|
|Jimenez, Raul||Wolverhampton Wanderers||2|
|Bamford, Patrick||Leeds United||2|
|James, Reece||Chelsea FC||2|
|Azpilicueta, Cesar||Chelsea FC||2|
|Gross, Pascal||Brighton & Hove Albion||2|
|King, Joshua||Watford FC||2|
|Pereira, Ricardo||Leicester City||2|
|Alexander-Arnold, Trent||Liverpool FC||2|
|Rice, Declan||West Ham United||2|