By Kieran Maguire

15th Jul, 2021 | 4:00pm

Kieran Maguire makes £30m Newcastle prediction with crucial date approaching

Newcastle United will likely make an operating loss of between £25million and £30m for the most recent financial year.

So say finance guru Kieran Maguire, speaking exclusively to Football Insider with the deadline for the club to post its accounts looming.

Last month, Mike Ashley extended the club’s accounting date from 30th June to 31st July, as confirmed by their Companies House filing.

They are the last Premier League team to submit their accounts for the 2019-20 financial year.

The other 19 top-flight side posted aggregated red ink of £966.1m for a financial year blighted by the pandemic.

But Maguire forecasts that the Magpies’ will submit a relatively healthy balance sheet by comparison.

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He told Football Insider correspondent Adam Williams: “There are, of course, many different definitions of profit and loss. Is it an operating loss or profit, for example?

“In terms of Newcastle, the average operating loss for the clubs in the Premier League is £60m this season.

“I look at the figures before player trading and it is about £1.2billion in losses total across the division

“My gut reaction is that Newcastle’s will be substantially lower than that because they came from quite a good place in 2019.

“If we take look at the numbers, Newcastle made an operating profit of £11m in 2019 and then topped that up with £25m worth of player sales.

“Instinctively, I think if they do make operating losses it will be around the £25m-30m mark, which is very modest by Premier League standards.

“In terms of transfers on top of that, it’s impossible to figure out whether they came in one financial year or the next anyway.

“So it will be a loss in all probability and then you’d adjust that for player sales, but they’d still be near the top of the table in terms of Premier League profitability.

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