Stefan Borson
Sun 9 March 2025 17:48, UK
Newcastle United are fighting for European football again this season as they remain firmly in the hunt for a Champions League place.
The Tyneside club currently sit ninth in the Premier League, but just a handful of points separate most of the top half of the table.
Although Eddie Howe’s side finished seventh in the top flight last season, that wasn’t enough to earn a place in Europe for this campaign.
Newcastle smashed their club-record revenue in 2023-24 after their overall turnover surged from £250million to £320million.
Their commercial revenue improved from £47million in 2022-23 to £86million last season following their lucrative deals with Sela, Noon and Adidas.
The north-east giants’ broadcast revenue rose from £165million to £184million, while their matchday income increased from £38million to £50million after featuring in the group stages of the Champions League.
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Finance expert Stefan Borson exclusively told Football Insider Newcastle’s increase in matchday revenue over the past two years has been impressive, having risen by £22million from £28million in 2021-22.
Their losses before tax fell dramatically from £72million in 2022-23 to £11million last season, with top-flight clubs only permitted to make £105million of losses over a rolling three-year period.
The club’s wage bill jumped from £187million to £219million in 2023-24 after signing Sandro Tonali, Harvey Barnes, Tino Livramento and Lewis Hall for more than £150million.
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Photo Credit: Getty Images
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Borson revealed Newcastle’s revenue increased by around £20million more than most people expected last season.
He told Football Insider: “They continued to move the matchday revenue quite aggressively up.
“It’s nearly doubled over a two-year period.
“The £50million that they got from matchday was a Champions League season, so you had three Champions League home games in there.
“They are obviously big money spinners, but it’s still impressive to have moved it from £28million to £50million over two years.
“The overall £320million was probably a little bit higher than we’d imagined it was going to be.
“I think most people thought it was going to be around £300million, so £320million is great.”
Financial Year Newcastle Revenue
2023-24 £320m
2022-23 £250m
2021-22 £180m
2020-21 £140m
2019-20 £153m
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Borson previously told Football Insider Newcastle must generate more than £500million in revenue a season to compete at the top of the Premier League.
They remain significantly down on Manchester City’s numbers after the English champions posted a Premier League record revenue of £715million and a £413million wage bill for 2023-24.
Newcastle could land a £100million windfall if they qualify for the Champions League and compete well in the competition next season.
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