How does Newcastle United's net spend during the 2025/26 season compare to their Premier League rivals?
It has been a quiet January transfer window for Newcastle United as they prepare for deadline day.
There have been no new arrivals at St James Park this month and the only business conducted by the Magpies have been deals to move on a number of Under-21s players and others who can be considered a first-team fringe players at best. Midfielder Joe White and right-back Harrison Ashby have joined Bradford City on loan as they look to help the Bantams push for promotion into the Championship. Summer signing Antonio Cordero was recalled from an underwhelming loan spell at Belgian club Westerlo and is now spending the remainder of the season with Spanish second tier club Cadiz.
Under-21s players Ben Parkinson and Cathal Heffernan have completed permanent moves to Falkirk and Harrogate Town respectively and goalkeeper Max Thompson and centre-back Charlie McArthur agreed to loan moves to the second tier of Scottish football. Thompson, who was named in United’s Champions League squad, will see out the final months of his Magpies contract on loan at Ayr United and Scottish defender McArthur has returned north of the border to join Airdrieonians. Two other United youngsters are spending time on loan in the North East non-league scene after 17-year-old goalkeeper Tyler Jones joined Dunston UTS on a short-term deal and striker Joe Brayson, son of former Magpies striker Paul Brayson, has joined Morpeth Town.
It was a challenging summer transfer window for the Magpies and one almost entirely dominated by Alexander Isak’s attempts to force what would be a British record transfer to Premier League rivals Liverpool. His departure forced United into action with big money deals for Yoane Wissa and Nick Woltemade - but there was significant money spent elsewhere as Aston Villa midfielder Jacob Ramsey, Nottingham Forest winger Anthony Elanga and AC Milan defender Malick Thiaw were all snapped up.
But how does Newcastle’s net transfer spend since the end of last season compare to their rivals across the Premier League? We take a look with figures provided by the experts at Transfermarkt.
Newcastle United’s 2025/26 net spend compared to Premier League rivals
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AFC Bournemouth - €130.31m profit Brighton and Hove Albion - €64.00m profit Brentford - €50.06m profit Crystal Palace - €1.85m profit Wolverhampton Wanderers - €2.50m loss Chelsea - €6.90m loss Aston Villa - €13.35m loss West Ham United - €51.10m loss Fulham - €56.40m loss Burnley - €93.65m loss Newcastle United - €102.85m loss Leeds United - €104.70m loss Nottingham Forest - €108.50m loss Everton - €117.15m loss Sunderland - €140.90m loss Manchester United - €176.50m loss Tottenham Hotspur - €183.10m loss Manchester City - €200.10m loss Liverpool - €263.40m loss Arsenal - €281.80m loss
What has Eddie Howe said about the January transfer window?
Eddie Howe, Manager of Newcastle United, applauds the fans following the Premier League match between Liverpool and Newcastle United at Anfield on January 31, 2026 in Liverpool, England. (Photo by Stu Forster/Getty Images)placeholder image
Eddie Howe, Manager of Newcastle United, applauds the fans following the Premier League match between Liverpool and Newcastle United at Anfield on January 31, 2026 in Liverpool, England. (Photo by Stu Forster/Getty Images) | Getty Images
Speaking last week, the Magpies boss said: "There’s a financial implication there, and yes, we always talk about income, PSR and trying to generate more revenue, so the more successful we can be as a team, the more we’re going to help that. We’re aware there’s a direct correlation there. But I never think financially when trying to help the team progress in every way. It’s always about trying to win, trying to achieve, trying to hunt for trophies. That’s always in the forefront of my mind. The financial side is a nice by-product of that."
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