Newcastle owners clear to spend £200m through FFP

By our reporter On Oct 8, 2021 0

Newcastle United’s new owners face an early spending opportunity of £200m.

Newcastle could spend £200 million on transfers and not be in breach of Financial Fair Play regulations, it has been calculated.

That is because Mike Ashley has left the club in a strong position financially thanks to his stringent operating in recent years.

Ashley sold Newcastle to a Saudi-led consortium for £300m on Thursday.

And with the Saudi Arabia Public Investment Fund worth around £320billion, the Toon have become the richest club in world football.

However, there were fears their spending would be limited to comply with FFP, which limit losses over a three-year period to £105m.

Football finance expert Kieran Maguire told the Daily Mail: “For all that is wrong with Mike Ashley, I would love to be buying a club from him.

“There is a lot of scope to increase the investment in Newcastle if any new owners choose to do so.”