Newcastle United Posts £73m Loss Amid Continued Squad Investment

Despite losses, club remains compliant with Premier League profit and sustainability rules, but may need to sell key players.

Newcastle United posted a £73m loss for the 2022-23 season, despite a £70m rise in turnover to £250m, largely due to continued investment in the playing squad.
The club generated an operating profit of £20.1m before the costs associated with writing down players' contracts were applied.
Despite the losses, Newcastle are compliant with Premier League profit and sustainability rules, according to chief executive Darren Eales.
Newcastle may have to sell key players to remain compliant with the Premier League’s profit and sustainability regulations.
Newcastle United co-owner Amanda Staveley was loaned £600,000 in November 2022 and a further £659,056 in August 2023 for certain legal fees, which had not been repaid as of 30 June 2023.