Newcastle United set to announce £314m FFP boost that can unlock spending spree
Newcastle United are set to publish record-breaking revenues for the 2023-24 campaign that could unlock unprecedented summer spending.
Deloitte have released their annual “Football Money League” for 2025 - with the Magpies ranking 15th in world football. Newcastle published their accounts last year on January 11, indicating an announcement for 2023-24 should be imminent.
According to Deloitte, Newcastle’s revenue for the past year is the highest in the club’s history at £314million. Champions League income plus funds from improved commercial deals - including a £25million per year agreement with Sela - have boosted their cash flow.
For context, this is a 25.6 per cent rise from last year, with a 74.4 increase overall since 2020-21, the final season that kicked off under Mike Ashley’s ownership. Unsurprisingly, the “big six” of English football placed above Newcastle, who were the best of the rest in the Premier League.
Real Madrid (£882million) claimed the top spot given their global reach and Champions League success. Manchester City (£707million) scooped the most revenue out of English clubs.
"Clubs such as Arsenal (€717million), Borussia Dortmund (€514million), Newcastle (€372m) and Aston Villa (€310million) growing revenues through participation in UEFA competitions and improved domestic performances yielding higher broadcast distributions,” a snippet from Deloitte’s article read. “The clubs ranked 11th to 20th reinforce the impact of on-pitch success on financial performance."
Newcastle supporters will be hoping these figures can bankroll a summer spending three given the lack of action in recent windows. Toon chiefs have worked under strict FFP/PSR restrictions, unable to dip into PIF’s unlimited coffers.
NewcastleWorld understands the plan in January is to keep the powder dry until the summer, with outgoings the main focus. The Magpies risked breaching financial regulations last year until a last-minute scramble to sell Elliot Anderson and Yankuba Minteh spared their blushes.