By Dr Dan Plumley

17th May, 2022 | 9:57am

Finance guru: Newcastle United to pay out £100m as paperwork submitted - 'money's no object'

Newcastle United could spend up to £100million when they come to build a new training facility.

That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the future of Darsley Park.

As relayed by Chronicle Live earlier this month (6 May), the paperwork has been filed ahead of a revamp of the 20-year-old centre.

The plans also detail that the ultimate aim of the PIF regime, who took control of the Magpies in October last year, is to move to a new complex entirely.

Infrastructure costs are exempt from financial fair play restrictions, which limit what Newcastle can spend in the transfer market.

And Plumley suggested that the owners could sanction a nine-figure outlay when the time comes to leave Darsley Park altogether.

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“A new development is a long-term play but it will take time,” the Sheffield Hallam University told Football Insider’s Adam Williams.

“If we are talking about a quick short-term fix, you can gain a competitive edge.

“Money isn’t a factor. If you are working to a tighter budget, you might not be able to upgrade in the short term.

“As a benchmark, Leicester’s training ground was about £100m. There are no FFP restrictions too, of course.

But upgrades can give you a short-term advantage so you don’t fall behind on the pitch.”

Newcastle beat Arsenal 2-0 on Monday (16 May) to move up to 12th in the Premier League.

Eddie Howe’s side face relegation-threatened Burnley on the final day of the season next Sunday (22 May).

In other news, Newcastle United and Aston Villa lead the race to sign Kalvin Phillips after Leeds United twist.