Revealed: Newcastle in line for mega £48m transfer windfall

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Published on:

03 Jun 2020, 5:18 am

Newcastle United are owed £48million in outstanding transfer fees, according to the club's newly-published accounts.

The north-east giants were owed nearly the huge sum from other clubs at 30 June 2019.

Analysis from Football Insider has learned that the sum includes £18.8m of transfer payments due to United by the end of this month.

Newcastle posted a glowing set of financial results that left them with the third highest pre-tax profit for last season, behind only Tottenham and Liverpool.

The Mike Ashley-owned club recorded a pre-tax loss of £41m for last season even though turnover dropped £2m to £176m.

Ashley's caution and tight husbandry has long made him deeply unpopular with supporters amid the backdrop of a £300m takeover that is in its final stages.

But there is no doubting the Sports Direct tycoon knows how to oversee a profitable football club.

The club’s wage-to-turnover revenue is just 54.9 per cent, the sixth lowest in the Premier League and well below their target ceiling of 60 per cent.

Aside from the £111m of long-term interest-free loans owed to Ashley, Newcastle are debt-free.

Newcastle have made money in eight of the last nine years, the only exception when they spent the season in the Championship in 2016-17.

The Magpies are 13th in the suspended Premier League and well placed to avoid relegation as Ashley prepares to make way for a Saudi Arabia-led takeover that promises a transformation of the club's ambition and investment.

In other Newcastle United news, the door has opened for the club to sign superstar after Sky reveal.

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