Report hands Newcastle nine-figure financial boost after £40m transfer revelation
Newcastle United will receive at least £100million for their first season back in the Premier League as a result of their televised matches and centralised payments, according to a report.
The Chronicle claim on their website that the Magpies will pick up no less than the nine-figure-fee come the end of the campaign, with £20million of that coming as a result of their 17 televised games, with Tuesday having seen confirmation that the club’s trip to Arsenal had been moved to Sunday 15 April for Sky Sports.
With each televised game worth over £1million, it means that the club will already receive more money than any of the sides relegated last season, and that on top of the television deals for both domestic and overseas rights, the club will also receive a merit payment dependent on where they finish the campaign, the winners picking up £39million and those finishing last just £2million.
The confirmed income will be a major boost to the finances of the north east side, and fans will be hoping that it means there can be some added transfer expenditure ahead of next season, with the report stating that the Magpies splashed out around £40million on new players on their return to the top flight.
In other Newcastle United news, the club must forget about signing a £17million-rated star and move for a proven Premier League talent instead.