Newcastle United have used ticket sales and Premier League TV rights to secure borrowing from HSBC bank. A Companies House filing dated July 25 shows the Magpies can receive cash due from the Premier League for the 2022/23 season up front after signing off the rights to the money in return for a credit facility.
Everton, West Ham, Fulham and Southampton are just a few top flights clubs who have raised finance in recent years by pledging their TV revenue in return for funding. The move facilitates cash flow in the short-term as the north east outfit look to strengthen on and off the pitch - however, it is unclear how much funding the club will receive.
Much has been made about United being the so-called richest club in world football but the owners have always stressed they want to improve the team over a number of transfer windows. The lack of sponsorship deals secured from Saudi-linked businesses has also affected the amount of funds at Newcastle's disposal this summer.
