Football finance expert Kieran Maguire has assessed Newcastle United’s position following a late PSR scramble on June 30.Newcastle satisfied Premier League Profitability and Sustainability Rules just in time last month with the sales of Yankuba Minteh and Elliot Anderson to Brighton and Nottingham Forest respectively. The club also agreed a compensation package with Manchester United for sporting director Dan Ashworth.
The three deals are understood to have made the club around £75million. Despite being at risk of Premier League punishment for breaching PSR just a few weeks ago, Newcastle are now in a ‘strong position’ heading into the new 2024-25 campaign.
Assessing the money available to Newcastle this transfer window, Maguire said via Geordie Journos: “Without doubt they’ve got money to spend, what people perhaps don’t realise is that the profits from the sales of the two players and whatever money they got from the move of Dan Ashworth to Manchester United, that goes into not only settling any outstanding issues for 2023-24 but it’s part of the three year pot as far as 2024-25 is concerned.
