Newcastle United is fighting for European football once more this season, with a Champions League spot still a top priority.
The Tyneside club is currently ninth in the Premier League, with only a few points separating the majority of the top half of the table.
Although Eddie Howe’s side finished seventh in the top flight last season, that wasn’t enough to earn a place in Europe for this campaign.
Newcastle smashed their club-record revenue in 2023-24 after their overall turnover surged from £250million to £320million.
Their commercial revenue improved from £47million in 2022-23 to £86million last season following their lucrative deals with Sela, Noon and Adidas.
The north-east giants’ broadcast earnings went from £165million to £184million, while their matchday income increased from £38million to £50million after participating in the group stages of the Champions League.
Finance specialist Stefan Borson told Football Insider that Newcastle’s matchday revenue has increased by £22 million over the last two years, up from £28 million in 2021-22.
Their pre-tax losses plummeted substantially from £72 million in 2022-23 to £11 million last season, whereas top-flight clubs are only allowed to make £105 million in losses over a rolling three-year period.
In 2023-24, the club’s wage cost increased from £187 million to £219 million after signing Sandro Tonali, Harvey Barnes, Tino Livramento, and Lewis Hall for more than £150 million.
Newcastle secures a £20 million boost when official documents are filed.
Borson indicated that Newcastle’s revenue climbed by almost £20 million higher than most predicted previous season.
He told Football Insider, “They continued to aggressively increase matchday revenue.”
“It has practically doubled over the last two years.
“They received £50 million from matchday for a Champions League season, which included three Champions League home games.
“They are obviously significant moneymakers, but it’s still incredible to have grown it from £28 million to £50 million in two years.
“The overall £320million was probably a little bit higher than we’d imagined it was going to be.
“I think most people thought it was going to be around £300million, so £320million is great.”
Newcastle might land a £100 million windfall following surprising twist.
Borson previously told Football Insider that Newcastle needs produce more than £500 million in income each season to compete at the top of the Premier League.
They remain much lower than Manchester City’s numbers, despite the English champions posting a Premier League record income of £715 million and a wage bill of £413 million for 2023-24.
Newcastle might receive a £100 million windfall if they qualify for the Champions League and do well in it next season.
For more Newcastle United news, follow us on Facebook or join our brand new WhatsApp Channel to receive rapid updates directly to your phone.
