Newcastle’s £26m deficit completes grisly campaign for Premier League club finances
By David Owen
August 9 – Newcastle United, the Tyneside club still for now under the control of Mike Ashley, has finally published its accounts for the 2019-20 season, showing a pre-tax loss of £26 million.
The Magpies’ operating loss for the heavily covid-impacted season was more than double that, at £54 million. But a £26.3 million profit on player transfers, arising for the most part, or so it is thought,
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