Newcastle United have released results for the 2022/23 financial year. As ever with club finances, there’s a lot to take in, so we’ve picked out 10 key takeaways from the published accounts.
Here’s some of the key findings – including confirmation that our average weekly wage is now £94,600 – but keep in mind that the latest accounts do NOT include Champions League prize money, the lucrative Sela sponsorship deal or forthcoming deal with Adidas; our new kit supplier for the 2024/25 season onwards:
- Revenue up to £250m; almost a 40% increase (for the second year running)
- Revenue a £70m increase on last year (does not include Champions League prize money)
- Amortisation on players has gone up to £89m (increase of £38m on last year)
- £73.4m loss for the 2022/23 financial year
- Wages up 10% to £187m
- Average weekly wage now £94,600
- Player signings – £153m
- Player sales – £3m
- Squad cost up 33% to £472m
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Funding £127m from new shares and £50m from loans
revenue increase does not include adidas deal either.
Worth noting too that the loss constraints includes non accountable investment such as infrastructure and women’s team and nufc are confident it’s inside the PSR rules
One thing which looks odd is the loan to staveley for legal fees regarding dispute with Ashley
GoWest!Mag(Quote)
I see the press are having a field day with this, some of the stories are hilarious.
£73.4m loss some reporting as much as £150m (laughable)
Some reporting that we’re begging the PL to change the rules (haha)
Because Darren Eales has said “If you trade players on it creates more headroom (to spend). Under PSR (Profit & Sustainability Rules) every player has a price, yes.”
This has now spread like wildfire through the press as we have to sell players to buy lmao he was stating what every club already knows, every player has a price.
This is just basic stuff players need to be sold to keep your squad size, players will be sold if stupid money is on offer etc.etc. just love how the press jump on it as if we’re screwed and need to sell
Porkpie(Quote)