Newcastle United to discover Premier League FFP fate imminently amid points deduction risk
The Premier League is set to issue complaints on Tuesday to any clubs found in breach of its profitability and sustainability rules (PSR), which could result in a points deduction.
However, Chronicle Live understands Newcastle United are not expecting a punishment from the Premier League, despite sailing close to the wind before offloading both Elliot Anderson and Yankuba Minteh – for a combined £68m – just before the 2024 PSR deadline passed. The Magpies have spent big in recent seasons and, despite raising revenues, have posted combined losses totalling £121m for the 2021/22 and 2022/23 years.
As reported by Chronicle Live on Monday morning, Newcastle are expected to post a small profit for the 2023/24 financial period after increasing their revenue streams through additional sponsorship deals, broadcasting income and lucrative European football. The north east outfit’s spending capabilities will also grow this summer when the £73m loss from 2021/22 drops off the rolling PSR cycle.
However, there has been speculation that Leicester City may face charges from the league, but neither party has commented on the matter. And the Press Association says sources close to Chelsea’s ownership are highly confident of their compliance, despite significant transfer spending since the 2022 buyout by a consortium including Todd Boehly and Behdad Eghbali. Everton and Nottingham Forest also believe they are compliant.
Both clubs were charged last January with breaching PSR, which stipulates that clubs are in breach if they exceed permitted losses of £105million over three seasons, with these caps smaller for any seasons spent outside the Premier League. Last season, Everton were docked a further two points, and Forest four, for breaches within the three-year cycle ending in 2022.
Everton had also previously been docked 10 points in November 2023 for a PSR breach for the period ending with their 2021-22 accounts, a sanction which was reduced to six points on appeal last February.
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