"If we’re offered £1billion"- Newcastle CEO admission after reporting £73m loss

Newcastle CEO Darren Eales expresses concern over the future of their star players after Newcastle reported a £73m loss which diminishes transfer hopes.
Sunderland v Newcastle United - Emirates FA Cup Third Round
Sunderland v Newcastle United - Emirates FA Cup Third Round / Stu Forster/GettyImages

Last year was a dream season for Newcastle as they qualified for the Champions League by finishing fourth in the Premier League. Nobody expected that from the Magpies. However, that dream of getting into the Champions League this season as well is turning into a nightmare. Newcastle are struggling with a host of injuries and that is why they are looking to recruit new players who could help them get over the line this season. However, the Financial Fair Play rules are restricting Newcastle from making any move in the transfer market. Thus, Eddie Howe has his hands behind his back he is struggling to figure out what he can do to revive the season for Newcastle. In the meantime, Newcastle has reported a £73m loss after tax in their 2022-23 financial report which might raise questions of sustainability in the squad of the Magpies.

Darren Eales admission after Newcastle reporting £73m loss

PIF has invested £400m to bring in new players. After this loss reported in the financial report of Newcastle, it seems like, holding on to the big-name players for Newcastle could be unsustainable. So, the Magpies might have to sell the likes of Bruno Guimaraes, Sven Botman, or Alexander Isak. Speculations are going on about this. In the meantime, Newcastle CEO, Darren Eales has come out and addressed this issue by saying;

"It’s difficult to hypothesise, but if we’re offered £1billion for one of those players, then no one could argue against that making sense."

Darren Eales, CEO

Also, addressing the future of the club, Darren emphasized that whatever the decision will be taken, it will be done while keeping in mind, the best interest of the club;

"Any decision we make will always be against the backdrop of the medium to long-term benefit for the club. It’s difficult to say specifically on certain players, but I can say that, if we’re going to get to where we want to get to, at times it is necessary to trade your players."

Darren Eales, CEO

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