All the latest transfer news as Newcastle United’s latest accounts reveal the Magpies may be forced to sell one of their best players to stay on the right side of FFP
Arsenal, Chelsea and Tottenham will all be keeping tabs on Newcastle United’s Financial Fair Play (FFP) situation after the Magpies’ accounts showed a cumulative loss of £114.1million over two seasons.
Eddie Howe’s side have spent millions on new signings over the last two-and-a-half seasons after a Saudi-led consortium completed its £300million takeover of the club in 2021.
Their spending had seen them finish in the Premier League top four last season, returning the club to the Champions League after 20 years. However, they now find themselves restricted in further spending due to FFP and the Premier League’s profit and sustainability rules (PSR).
The club’s latest accounts revealed a loss of £155million over the past three seasons, a figure higher than the £105 PSR limit. However, The Guardian has reported that money invested in the women’s team, charity foundation and academy can be removed, leaving them on the good side of the regulations.
But Newcastle chief executive Darren Eales has accepted that they may be forced to sell one of their best players in the summer to ensure they remain in line. Asked if every player has a price, he answered: “Correct.”
He continued: “If we’re going to get to where we want to get to, at times, it’s necessary to trade your players. It’s a counterintuitive part of the PSR system that there is an incentive to trade players if you want to reinvest.”
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