By Dr Dan Plumley

13th Jun, 2022 | 3:37pm

Finance guru: 'It doesn't look good' for Newcastle United as HMRC demand £5m payout

It is “never a good look” to be caught up in a tax evasion scandal – but Newcastle United will not be overly concerned about alleged offences dating back to Mike Ashley’s reign.

That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the latest from behind the scenes at St. James’ Park.

As per The Sun last Saturday (11 June), the Magpies have commissioned lawyers to fight off a £5million bill for tax evasion.

The allegations stem from an investigation dubbed ‘Operation Loom’ in 2017 during Ashley’s reign.

The criminal probe was later abandoned but Newcastle are still facing a civil case regarding alleged tax evasion over the transfers of three former players – Moussa Sissoko, Papiss Cisse and Demba Ba.

Ashley’s 14-year reign on Tyneside ended with an exclamation mark in October last year when the Saudi Public Investment Fund completed a £305m takeover.

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And Plumley argues that the richest team in world football will not be fretting about a possible £5m bill.

“They are always going to be under a great degree of scrutiny,” the Sheffield Hallam University expert told Football Insider’s Adam Williams.

“It’s never a good look, but it is linked to the old regime. However, Newcastle will probably just brush this off and link it back to Mike Ashley’s reign.

“If they are forced to pay it, they will probably do it without too much fuss and then move on.

“It’s not a trivial story but £5m in the grand scheme of things for Newcastle is not a lot given the wealth of the owners.”

In other news, expert issues “honest” verdict on Newcastle United Yann Sommer pursuit.