Newcastle United to land ‘£12m’ profit after transfer agreed – Stefan Borson
Newcastle United had a quiet January transfer window after failing to add any new signings to their squad.
The Tyneside club have faced profit and sustainability (PSR) issues, with top-flight sides only permitted to make £105million of losses over a rolling three-year period.
Lloyd Kelly agreed a loan move to Juventus during the recent window, while Miguel Almiron made the permanent switch to Atlanta United for £8million.
Kelly’s deal includes an obligation-to-buy clause in the summer, taking the overall cost of the deal to around £20million.
Finance expert Stefan Borson exclusively told Football Insider Newcastle will generate around £12million in profit once the defender completes his permanent switch to the Serie A giants.
Kelly only made seven starts in his 14 appearances for the north-east giants after joining the club on a free transfer from Bournemouth last summer.
The 26-year-old made his Juventus debut on 7 February after coming off the bench in a 2-1 victory over Como.
Newcastle set for financial boost after PSR issues
Borson suggested Newcastle will make a quick profit on the Kelly deal following their recent PSR issues.
He told Football Insider: “It was £15million plus £5million.
“I think £15million is banked and then £5million if he does well or they win things.
“It looks like a slightly unusual deal, but it’s a good quick profit after he only joined in the summer.
“I don’t think he’s played very much. Juventus obviously see something in him.
“I guess £15million is not a big fee these days, so it’s not going to move the dial significantly for Juventus. But Juventus are quite strained in terms of their finances.
“For Newcastle, it’s a great one because they will have maybe £3million on the books for the costs of the free transfer, agent fees and signing on fees.
“They have made maybe the best part of £12million in profit.”
Newcastle could challenge top Premier League clubs after new stadium update
Newcastle have struggled to comply with the financial rules since the Saudi Public Investment Fund (PIF) secured its £305million takeover in 2021.
The club’s board are understood to be on the verge of recommending the construction of a new £1.2billion stadium to their Saudi owners after considering plans for St James’ Park.
Borson told Football Insider Newcastle could challenge the top Premier League clubs financially if they were to build a new facility.
Deloitte’s 2025 Money League revealed their turnover increased from £250million to £316million last season, while Manchester City posted an English record revenue of £715million across the same period.
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