Finance guru: Newcastle on track to pocket ‘£50m’ windfall with more to come
Newcastle United are set to earn a minimum of £50million through participation and broadcasting if they qualify for the Champions League this season.
That is the view of finance guru Dan Plumley, who spoke exclusively to Football Insider about the financial benefits awaiting the Magpies if they hold onto their position in the top four.
Newcastle currently sit third in the Premier League table after 17 matches and are targeting Champions League qualification this season for the first time since 2003.
The Magpies were recently subject to a £300million takeover from a Saudi-led consortium and are ahead of schedule in their long-term plans under new ownership.
Plumley believes Champions League qualification by Newcastle this season would reap huge beneficial rewards, including a minimum cash injection of £50million.
“A gradual rise is what they expected, but if you’re ahead of where you expected to be then obviously carry on and I think that’s where Newcastle are at the minute,” Plumley told Football Insider’s Adam Williams.
“Champions League football will be transformative – for an English club, you’re talking around £50m guaranteed if you hit the group stages.
“That sum is linked to participation fees and then you’ve got the broadcasting pool fee which is high for England because of the coefficient.
“If you then go deeper into the tournament you’ll pick up more prize money.
“Newcastle’s individual coefficient will be slightly lower than some of the other English clubs because they haven’t been in the Champions League for a while, so it’ll be a bit more conservative with the figures, but they’re looking at £50million minimum just for qualifying and then you can extend it from there.
“Given where they have been and where they are now – that money is absolutely transformative and if they can repeat the trick next year then even better.”
In other news, Football Insider sources confirm that Newcastle have pulled the plug on their pursuit of a 25-year-old striker