An idea of how much money the new owners of Newcastle United will be allowed to spend has been posted online, based on the club’s current financial situation.
Ashley’s reign ends
The news headlines not just in England, but in the world of football as a whole on Thursday night, of course, have come in the form of a big buck at St. James’ Park.
After what undoubtedly felt like an eternity of waiting on the part of the Magpies faithful, the Saudi-led push to replace Mike Ashley at Tyneside gathered steam in the last 24 hours.
Due to the long-standing ban on the sports network beIN Sports that was lifted in Saudi Arabia, Mohammed bin Salman returned to the table in St. James’ on Wednesday night.
And, incredibly, the initiative has already paid off, as Newcastle announced via the club’s social media platforms just recently that a £ 300 million acquisition did indeed take place.
🤝 An investment group led by the Public Investment Fund, and which also includes 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
£ 200 million +
Given that the incoming Saudi consortium is understood to have wealth worth more than ten times that of Manchester City boss Sheikh Mansour, we shouldn’t be surprised to hear that talks about potential players making headlines in the Northeast already they have started among the Newcastle faithful.
The likes of Kylian Mbappé and Erling Haaland are just two of those who have seen their names associated with the Magpies tonight, as excitement builds around a potentially monumental change in the English football landscape.
Newcastle New Owners ‘Net Worth vs. Man City Owners’ Net Worth 🤑 pic.twitter.com/q0ghdOljQG
– ESPN FC (@ESPNFC) October 7, 2021
Yet with Financial Fair Play lurking, how much could bin Salman and co. Will you realistically be allowed to splurge in the coming seasons?
Well, Thursday night, we will be given an idea of precisely that.
According to football finance expert Kieran Maguire, speaking to the Daily Mail, Newcastle supporters should be able to expect to spend more than £ 200 million between now and the summer of 2024.
While Mike Ashley is not popular in Newcastle, his legacy to the new owners is a profitable club. In the last 3 years, earnings were £ 38 million, factor in FFP adjustments for the academy, etc. of around £ 50 million and this means that the new owners have a permitted FFP loss of £ 105 million plus £ 88 million = £ 190 million + to play. #NUFC pic.twitter.com/IPSMzn3p22
– PriceOfFootball (@KieranMaguire) October 7, 2021
This comes with Mike Ashley, despite his undoubted flaws, as he actually left Geordie’s team in a strong financial position.
In the last three years, Newcastle have indeed generated a profit of around £ 38 million, putting the club in a good position when it comes to FFP over the next 3-year period, allowing for losses of no more than £ 105. millions:
“There is a lot of scope to increase investment in Newcastle if the new owners decide to do so.”
Saudi acquisition will allow Newcastle to spend over £ 200 million WITHOUT violating FFP rules https://t.co/ctQXPaKQCE
– MailOnline Sport (@MailSport) October 7, 2021
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Premier League table
|1||Chelsea Football Club||7||12||sixteen|
|6||Brighton and Hove Albion||7||3||14|
|9||West Ham United||7||4||eleven|
|Salah, Mohamed||Liverpool FC||6|
|Vardy, Jamie||Leicester City||6|
|Antonio, Michail||West Ham United||5|
|Fernandes, Bruno||United manchester||4|
|Mane, Sadio||Liverpool FC||4|
|Maupay, Neal||Brighton and Hove Albion||4|
|Sarr, Ismael||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||United manchester||3|
|Lukaku, Romelu||Chelsea Football Club||3|
|Calvert-Lewin, Dominic||Everton FC||3|
|Jota, Diogo||Liverpool FC||3|
|Hwang, Hee-chan||Wolverhampton Wanderers||3|
|Greenwood, Mason||United manchester||3|
|Doucoure, Abdoulaye||Everton FC||2|
|Jesus, Gabriel||Manchester city||2|
|Player||Team||Red cards||Yellow cards|
|Dennis, Emmanuel||Watford FC||0||4|
|Jump, oliver||Tottenham Hotspur||0||4|
|Pogba, Paul||United manchester||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||FC Burnley||0||3|
|Veltman, Joel||Brighton and Hove Albion||0||3|
|Brownhill, Josh||FC Burnley||0||3|
|Etebo, Oghenekaro||Watford FC||0||3|
|Djenepo, Moussa||Southampton FC||0||3|
|Antonio, Michail||West Ham United||0||1|
|Fernandes, Bruno||United manchester||0||2|
|Maupay, Neal||Brighton and Hove Albion||0||2|
|Jimenez, Raul||Wolverhampton Wanderers||0||2|
|Gallagher, Conor||crystal Palace||0||2|
|Alonso, Marcos||Chelsea Football Club||0||2|
|Ward Prowse, James||Southampton FC||1||1|
|Pogba, Paul||United manchester||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 Football Club||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 Football Club||2|
|Azpilicueta, Cesar||Chelsea Football Club||2|
|Gross, Pascal||Brighton and Hove Albion||2|
|King, Joshua||Watford FC||2|
|Pereira, Ricardo||Leicester City||2|
|Alexander-Arnold, Trento||Liverpool FC||2|
|Rice, Declan||West Ham United||2|