This will make Financial Fair Play worries for Newcastle United go away pretty quickly nufc
I was commenting on available spend the other day and the old chestnut of Financial Fair Play came up, with all of its confusing possibilities.
I am not going to go into the fact that it is not fair and all about holding back a takeover like ours, that is a whole story of its own. Rules E.45-E.52 in the Premier League’s handbook concern Financial Fair Play, or profit and sustainability. The league have changed what needs to be included in the accounts because of COVID-19.
In the three years between 2018-20 we made profit £38m, factor in FFP adjustments for academy etc of about £50m and this means the new owners had an allowable FFP loss of £105m plus £88m=£190m+ to play. This year’s profits will soar as we drop off the 2018 numbers and show the rise in revenue since the takeover.
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