Newcastle reach commercial new level: Financial freedom to pay debt back to Ashley and fund big transfers this summer
18 April 2019
Benitez told he will have significant funds in transfer market as contract talks go on. Club confirm youth strategy.
Owner Ashley repaid £33 million of debt by club. CEO underline that Ashley will continue as owner “because we have to”.
Off The Pitch can reveal that Newcastle turnover dramatically jumps to £178.5 million. Wages to turnover ratio amongst the lowest in the Premier League.
Rafa Benitez has been told he will have a potential budget of around £100 million to spend in the transfer market over the next two years plus whatever funds he generates as the clock ticks down on his contract at Newcastle.
Benitez’s current deal at St James’ Park runs out at the end of June, with frustration and concern in both camps that an extension has still to be agreed.
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