Keith Wyness: Newcastle 'sailing close' to PSR points deduction as paperwork analysed news
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Everton's former chief Keith Wyness has insisted Newcastle are still “sailing close to the wind” with Profit and Sustainability Rules (PSR) despite being poised to announce club-record revenues.
Speaking on the new edition of Football Insider's Inside Track podcast, the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – claimed the Tyneside club have spent a “surprising” amount on players since the Saudi-backed takeover in 2021.
New analysis by analytics firm Off The Pitch (16 December) has forecasted that Newcastle will post club-record revenue of £286million for the the 2023-24 financial year.
The Magpies will release the official results in the first quarter of 2025.
A major driver in the historic financial year is participation in the Champions League group stage – an achievement which has not been replicated this season.
Club-record revenue not enough to stave off points deduction fears at Newcastle, says Wyness
Newcastle struggled to comply with PSR in the 2023-24 campaign and were left scrambling to sell Yankuba Minteh and Elliot Anderson before the new financial year began in order to avoid a potential poitns deduction.
Wyness told Football Insider's Insider Track podcast: "It's all about the spending at Newcastle.
"It's very well bringing it in, but they're just spending it as soon as they get it.
"They've spent a lot on players. It surprised me when I actually looked at the figures, it's a big number.
"The squad is strong, but they're sailing close to the wind now with PSR. They've got to pull their finger out in the sponsorship areas."
In other news, Eddie Howe issues Sandro Tonali transfer demand to Newcastle.
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The post Keith Wyness: Newcastle 'sailing close' to PSR points deduction as paperwork analysed news appeared first on Football Insider.
