Newcastle might sell off some of their valuable assets to pay for next transfers.
Newcastle plans to sell a lot of their most valuable assets in order to raise money for new recruits. The team, which announced losses of more than £150 million over the previous two years, has disclosed that they have faced obstacles in their attempts to restructure their roster while adhering to Financial Fair Play regulations.
While the payment for new players might be stretched over multiple accounting periods, clubs can bank the full transfer fee as immediate profit if they sell a homegrown player. Lewis Miley, the adolescent sensation, may also be on his way out of St. James’ Park as a result.
The extremely wealthy Saudi Public Investment Fund acquired Newcastle in October 2021, and the team continues to be “compliant” with the Profit and Sustainability Rules (PSR), which allow teams to lose up to £105 million over a three-year period. However, Magpies CEO Darren Eales has clarified that in order to assemble the team they want, the giants of the northeast may have to ‘churn’ players.
