PSR, PSR, PSR... three letters of the English alphabet that are etched in the mind of every Newcastle United supporter. From the boardroom to the manager, the Magpies have kept financial restrictions tight on supporters’ lips since the Saudi-backed era kick-started in October 2021.
In a bygone era, the Public Investment Fund could have followed Chelsea’s and Manchester City’s lead and catapulted Newcastle into global domination within a few transfer windows. However, largely due to their previous takeovers, any club looking to place themselves among the elite must take the scene route to success.
Champions League qualifications, improved commercial deals and improvements to the stadium - or a total rebuild altogether - hold the key to Newcastle closing the gap. Missing out on European football last season has seen the Magpies lose ground in the financial race.
Deloitte Money League publish their table each year, calculating revenues from clubs across Europe. Newcastle re-entered the list in 2021-22 - a year after PIF strolled into town.
The club’s highest position was fifth in 1997-98, highlighting how mismanagement from the top derailed their progress over the next two decades. NewcastleWorld has profiled the 2026 table in full - with the Magpies sliding two places from the previous season.
Revenue: £1.161billion
1. Real Madrid
Revenue: £1.161billion | AFP via Getty Images
Revenue: €974.8million
2. Barcelona
Revenue: €974.8million | Getty Images
Revenue: €860.6million
3. Bayern Munich
Revenue: €860.6million | Getty Images
Revenue: €837million
4. PSG
Revenue: €837million | AFP via Getty Images