GREAT NEWS: Newcastle to get a cash windfall of £46.9 million to support FFP ahead of the summer transfer window.
Newcastle‘s sole goal heading into the final eight Premier League games is to once more finish in the European spots.
As of right now, the Toon are one point behind West Ham United in seventh position and two points behind Manchester United in sixth in the standings. But both teams have a game in hand over the Hammers.
The club would have a million reasons to desire to finish as high up the table as possible even if European competition was not an option. Considering the Premier League’s crackdown on sustainability and profitability, it might be a boost.
Premier League clubs are expected to make approximately £2.5 billion in total, however the precise amounts have not been disclosed to the public in recent years. Nonetheless, we are aware that a club’s position at the top of the table at the conclusion of the season is worth £2.2 million.
Every team receives the same base amount for TV money; clubs who spend more on UK TV are paid a little bit more. It was valued over £80 million the previous season, but this year it is anticipated to have increased.
Newcastle will have financial support this year from participating in the Champions League. According to reports, teams receive about £13 million in prize money only for making it to the group stage. The remaining funds are distributed as TV money and a coefficient distribution based on the team’s success in Europe over a ten-year period.
It is expected that Newcastle would get a coefficient payout of around £930,000. The valuation of the TV money is not estimated.
The amount of money earned during the season will depend on where Eddie Howe’s team places in the Premier League at the end of the campaign. Sixth place is really probably the best the team can hope for. In Premier League prize money, that would be worth £4.4 million more than their present eighth-place standing, for a total of £33 million. They would also guarantee European football for the following season and the associated revenue boost if they finished in that spot.
In addition to the money earned from the Champions League campaign (excluding television revenue), if the team does place sixth, the total prize money Newcastle might win this season is projected to be £46.93 million.
In addition to the money earned from the Champions League campaign (excluding television revenue), if the team does place sixth, the total prize money Newcastle might win this season is projected to be £46.93 million.
That money will be a nice boost to the club, especially considering the issues around sustainability and profitability requirements heading into the new season. They, along with those around them, aim to stay within the restrictions and strengthen their squad in the forthcoming summer transfer window.
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