Staggering £1m striker claim as chairman confirms Newcastle United boost

The England international completed a deadline day move to Al Ahli - who are among the Saudi Arabia teams owned by the Public Investment Fund - in a £40million transfer from Brentford.

Toney penned a four-year contract - becoming only the second Englishman to move to the Gulf Kingdom after Jordan Henderson. The figures that have since emerged regarding his salary are staggering.

As per The Telegraph, Toney will land a basic pay of around £400,000 per week after tax with potential add-ons and bonuses related to performance taking that to £500,000. To earn the same take-home pay in the UK after tax would command wages close to £1m per week.

It is an astonishing pay rise for Toney, who was reportedly on less than £50,000-a-week at Brentford, who he joined from League One side Peterborough United in 2020.

Newcastle are set to net an estimated £1.2m from Toney’s transfer fee. The Magpies are understood to be entitled 30% of any profit Peterborough make as part of the deal that took Toney to London Road in 2018.

“We paid Newcastle a transfer fee of £350k spread over three year,” Posh chairman Darragh MacAnthony explained. “We have received £10 million so far from Brentford and we will receive X amount - I’m not allowed to say the number - of any future profit and Newcastle will receive 30% of what we get from us. 

“We earn money every time Ivan moves and so do Newcastle. That’s how these deals are structured and I’m all for it. It’s like a chain reaction and it’s the best thing.”

Newcastle paid a nominal fee to sign a young striker from Northampton Town in 2015. However, Toney would play for just four times, with most of his United career spent out on loan. He joined Peterborough permanently in 2018.