Football Insider has been told by Kieran Maguire that Newcastle United are set for 'substantial' losses in their 2022/23 accounts.
'Spurs expect Everton to honour the contract' - Kieran Maguire shares Dele Alli verdictNewcastle United are set for ‘substantial losses’ in their 2022/23 accounts after growing their wage bill since their takeover.The Tyneside club are expected to announce a higher wage bill in 2022/23 after investment in the first-team squad following the club’s takeover.
Maguire predicts that Newcastle’s continued investment and increase in wages will result in the club announcing financial losses in their upcoming accounts.If you take a look at Newcastle’s accounts they did indicate that there was a significant investment when the new owners initially came inSome of those players will now have been paid 12 months’ worth of wages instead of six months in 2022/23.But the good news is that if you look at the three elements of football club income they will grow.
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