Newcastle United's owners make £57m move
The February 10 move was today revealed in a Companies House update – and follows January’s transfer window. United signed Anthony Gordon from Everton in a £45million deal in the window along with Harrison Ashby and Garang Kuol from West Ham United and Central Coast Mariners respectively.
Newcastle’s owners have made a series of cash injections since buying the club in a £305million deal in 2021. The money, which has covered expenditure on transfer fees, has been put into the club through equity – the creation of new shares – and not debt.
However, the club, which had a £200million post-takeover spending allowance due to the profits generated in the latter years of Mike Ashley’s time as owner, is constrained by financial fair play (FFP) rules.
Speaking earlier this month, United head coach Eddie Howe said: “I think FFP, as far as I’m aware, will always be a short-term big issue for us.”