Newcastle United reported a loss of £11.1 million for the 2023-24 season, sharply down from a £71.8 million loss the previous season, showcasing a financial turnaround. The club's revenue rose by 28% to £320 million, thanks largely to their participation in the Champions League and profits from player sales, including £70 million from the sale of Allan Saint-Maximin. Chief Executive Darren Eales stated that the club aims for sustainable success. Newcastle's improved finances keep them compliant with Premier League profit and sustainability rules, and they finished seventh in the league, just missing European competition for the following season.
Newcastle's financial recovery saw a reduced loss of £11.1 million for 2023-24, compared to £71.8 million the previous season, driven by increased revenue.
The club's revenue grew by 28% to £320 million, largely due to Champions League participation and player sales, including Allan Saint-Maximin.
Chief executive Darren Eales highlighted the importance of sustainable success and the positive financial effects of returning to the Champions League after 20 years.
Newcastle's figures indicate compliance with Premier League profit and sustainability rules, and their performance secured the seventh position in the league.
Collection
[
|
...
]