Follow the money!

Just how much can Newcastle United afford to be spending this summer?

To understand the answer to this question we need to build a picture of the clubs existing financial footing and then understand the impact of the commercial deals, including the new television rights deal to show how the clubs finances should outturn this season.

Let’s start with Newcastle United’s current position. The club has been steadily increasing it’s ‘profit’ since 2011 meaning that it could pay off all it’s debts and move into the black other than the notorious £129m which sits on the companies accounts in terms of an interest free loan provided by Mike Ashley and his companies.