flag
back Back
Newcastle United vote in favour of spending cap and how it may benefit Magpies after FFP breakthrough

Newcastle United may be able to spend more after they agree to a spending cap

Newcastle United CEO Darren Eales says fans won't be 'priced out' of St James' Park
Newcastle United CEO Darren Eales says fans won't be 'priced out' of St James' Park

Newcastle United are understood to have voted in favour of a spending cap after a Premier League meeting between the Magpies and their rivals.

Manchester United, Manchester City and Aston Villa are believed to have voted against the possible introduction of a spending cap on Monday, while Chelsea abstained. But any new rules will not be introduced until the 2025-26 season.

A figure will be introduced that guides a club on the maximum amount of money that can be spent on squad costs, including wages and transfer fees. The figure will be a multiple of what the bottom club earns in broadcast revenues times 4.5.

Financial observers are suggesting that the spending cap could be around £466m for each club to spend on wages, transfer fees and agent fees. The new cap has only been agreed in principle but the green light has been given from representatives of clubs with a final vote to come at the next meeting.

It means that Newcastle should be able to spend more than they can under the current PSR rule book which many top-flight clubs deem unfit for purpose. Clubs currently can only lose £105million over three seasons, which has resulted in Nottingham Forest and Everton being deducted points because they have made bigger losses.

Under the current rules, Newcastle avoided spending any cash in the January window in fear of points deductions. The current set-up also led to CEO Darren Eales suggesting that star players could even be sold in order to keep the club's recruitment levels high.

Eales said in January: "It's just the nature of the beast. If you trade players on, it creates more headroom. You have to keep growing that headroom, increasing commercial revenue and player trading.

"It’s difficult to hypothesise, but if we’re offered £1 billion for one of those players, then no one could argue against that making sense."

"Any decision we make will always be against the backdrop of the medium to long-term benefit for the club. It’s difficult to say specifically on certain players, but I can say that, if we’re going to get to where we want to get to, at times it is necessary to trade your players."

How to follow our NUFC WhatsApp channel

Follow our Newcastle United WhatsApp Channel

Did you know you can now get Newcastle United stories on WhatsApp? As well as our NUFC communities, we also have a channel dedicated to sending you the best news, opinion and analysis on all things black-and-white.

All you have to do is follow our channel on WhatsApp by clicking this link or you can find us by searching Chronicle Newcastle United.

Updates will then automatically appear if you select the Updates option on your WhatsApp menu and selecting the 'Chronicle - Newcastle United' channel. It's as easy as that. There are already thousands signed up, but remember to turn your notifications on so don't miss out.

You may like

Surprise Kylian Mbappe to Arsenal transfer confirmation emerges amid £60m wage issue

football.london a day ago

Real Madrid President Says No to €85m Star: “We Have a Squad Full of Great Players”

transfersinsider.com a day ago

Man City 115 charges and points deduction reality as Arsenal Premier League title hope explained

football.london 14 hours ago

Man Utd 'launch first transfer hijack of summer' at expense of two Premier League rivals

express.co.uk 19 hours ago

Anthony Gordon Liverpool transfer links make sense - even ex-Everton winger knows it

liverpoolecho.co.uk 4 hours ago

Newcastle United 'offer four-year contract to departing Bournemouth defender'

sportsmole.co.uk 3 hours ago

Josko Gvardiol has spoken with £51m Man City target about moving to the Etihad Stadium this summe

manchestercity.news 10 hours ago

How Chelsea and Man Utd can qualify for Europe ahead of Premier League final day

metro.co.uk 7 hours ago

Michael Edwards should bring back former Liverpool player who spent six years at the club

rousingthekop.com 16 hours ago