2nd April 2026
April 2 – English Premier League side Newcastle United have posted record revenues of £335.3m for the year ending June 2025, but could face sanctions for breaching UEFA’s Squad Cost Ratio (SCR) in the process.
Commercial income led the way, up 44% year-on-year. The in-house retail model and the new St. James’ Park STACK fan zone were central to that growth, building revenue streams that don’t depend on what happens in the UEFA Champions League.
Profit after tax came in at £34.7m, supported by a £133.2m gain from a restructuring of the club’s property and group holdings – which included the sale of the club’s St James’ Park home to PZ Newco Holdings Limited (PZNH) – the UK registered investment vehicle of the Saudi Arabian Public Investment Fund (PIF).
However, according to The Times, the financial shuffling could see UEFA heavily penalise the club, who will not be able to include the mammoth profit earned from the transaction under the European governing body’s SCR regulations.
Fellow English clubs Chelsea and Aston Villa were fined, or reached a settlement, with UEFA in the past for similar transgressions, and Newcastle could face a similar outcome.
The results come as Newcastle continue to pursue a presence at the top of the English game, fuelled by the deep pockets of PIF but stifled by Premier League spending rules.
On the pitch, the project has been somewhat of a success. Newcastle ended a 70-year wait for domestic silverware last term, winning the League Cup and have twice qualified for the UEFA Champions League. However, a poor 2025/26 season domestically could see the North East side miss out on UEFA competitions all together next year.
CEO David Hopkinson was measured but clear on where the club stands, saying, “Our financial results reflect strong progress on and off the pitch and the foundations being laid for the future. With the continued backing of ownership, we are in a strong position to invest in our long-term vision.”
Whether that model holds up when Champions League costs land in next year’s accounts will be the real test, and with the potential absence of European football for the 2026/27 season looking increasingly likely, those accounts could start slipping in the opposite direction.
Contact the writers of this story, Nick Webster and Stuart Dick, at [moc.l1775117146labto1775117146ofdlr1775117146owedi1775117146sni@r1775117146etsbe1775117146w.kci1775117146n1775117146](javascript:;)