"Newcastle United suffered a turbulent transfer window, but there were some winners among the chaos. It centred around Alexander Isak, who effectively went on strike to force through a move to Liverpool, a saga which rumbled on right until the end of the window. The Magpies were adamant they would not sell without a suitable replacement coming in, and when that came to fruition, they allowed Isak to leave for 125m."
"Eddie Howe's side had already spent a significant portion of that figure in the days before, signing Stuttgart's Nick Woltemade as the Isak replacement, along with Brentford's Yoane Wissa in a supporting role. They forked out 69m for the towering German striker, coming in to replace the Swede, and a report from Germany has now revealed how those funds are being used."
"We had a difficult economic starting position in 2022 after the coronavirus pandemic, Stuttgart CEO Alexander Wehrle explained to sport.de. We had to invest heavily in the stadium renovation, and in recent years, it has been important to consolidate. Last year, with 15m after taxes, we posted the best financial results since 1893, and we will certainly present a very good result this calendar year as well. Some reports estimate that 139.5m was spent on revamping the MHPArena, with just 58.5m covered by local government."
Newcastle United sold Alexander Isak to Liverpool for 125m after the forward pushed for the move and the club demanded a suitable replacement. Newcastle signed Stuttgart's Nick Woltemade for 69m and Brentford's Yoane Wissa as support, using transfer funds to fill the attacking void. Stuttgart used the Woltemade sale to improve finances after pandemic losses and heavy stadium renovation costs at the MHPArena. Stuttgart reported 15m after taxes last year and expects a strong result this calendar year. The sale also enabled Stuttgart to acquire Badredine Bouanani, Tiago Tomas and Lorenz Assignon.
Read at www.fourfourtwo.com
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