Financial Report: Player sales help almost double Newcastle United's profit

2 June 2020

NUFC
Photo: PA Images Newcastle considerably improved their profit on disposals of players last season and are due to receive a large amount in outstanding transfer fees.

Operating expenses rose slightly last season, but the club managed to secure an operating profit of almost £15 million.

Newcastle considerably improved their profit on disposals of players and are due to receive a large amount in outstanding transfer fees.

The club are still being investigated by the HMRC relating to underpayment of tax and national insurance.

Emil Gjerding Nielson nielson@offthepitch.com

Player sales helped Newcastle United almost double their pre-tax profit last season, the club's just-released financial report has revealed, amid increased scrutiny over a potential £300 million takeover by Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF).

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