Newcastle United announce £70m profit on sale of players | OneFootball

Newcastle United have announced that a profit of £70m was made on player sales in the last financial year.

This is for the period 1 July 2023 to 30 June 2024.

The £70m (exact figure £69.8m) profit was due mainly to the sales of Elliot Anderson, Allan Saint-Maximin and Yankuba Minteh.

That £69.8m profit on player sales in this latest 2023/24 financial year compares to a £2.8m profit on players sales the previous year 2022/23.

This information made public in the release of the Newcastle United 2023/24 accounts on Tuesday 4 March 2025.

‘Amortisation increased by £9.9m from £86.8m to £96.7m, reflecting a full year impact of January 2023 player spend, together with additions in Summer 2023 including Barnes, Tonali, Livramento and Hall. There were impairment charges of £0.8m in the year (2023: £2.5m).

Profit on disposal of players’ and staff registrations totalled £69.8m (2023: £2.8m) mainly arising from the sales of Anderson, Minteh and Saint-Maximin.’

Club make public the Newcastle United 2023/24 accounts – 4 March 2025:

‘Newcastle United Limited (Newcastle United) has filed its financial results for the 12 months ended 30 June 2024, reflecting a 28% increase in overall revenue.

This strong financial performance reflects continued progress on and off the pitch during the financial year, including a return to the UEFA Champions League.

These figures represent a substantial improvement on the previous two financial years, which had been characterised by significant investment into the squad.

The improved result was driven mainly by revenue growth from Newcastle United’s participation in the Champions League and profits from transfer dealings in line with Premier League profit and sustainability rules (PSR).

Newcastle United increased its latest reported revenue to £320.3million (from £250.3million in 2022/23), reflecting 90% and 32% increases in commercial and matchday revenues respectively.

Since the end of the accounting period, the ownership group led by PIF has continued to invest capital into the club to improve the financial position of the business. This continued investment is consistent with the shareholders’ approach of long-term, patient investment.

Darren Eales, Chief Executive Officer of Newcastle United, said: “We are committed to sustainable success and we have started 2025 in a strong position.

“Our progress has been supported by diligent work on and off the pitch. Returning to the Champions League for the first time in more than 20 years was hugely memorable for everyone connected with the club, and it has clear upside financially as we continue to grow.

“We grew our revenues by 28% in the twelve months to 30 June 2024, with an increase in matchday revenue as well as significantly improved sponsorship deals and a sharper focus on everything we are doing across the club.

“We continue to make significant strides with our commercial deals and matchday offerings as we strengthen the foundations of the long-term project here at Newcastle United.”