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.
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The new ownership have already spent close to £150m on incoming players since arriving last October and have also renovated the club's Darsley Park training base and made changes to the infrastructure at St. James' Park. Newcastle, in turn, have received very little in the way of transfer funds despite getting a host of fringe players off the wage bill in recent weeks.
Some transfer dealings have been conducted in instalments, such as the £10m move Nick Pope earlier this summer. However, those instalments will now effectively be paid to Macquarie Bank after Burnley opted to cash in on the future instalments early in the form of a loan. Watford are another English club who have used a similar loan agreement this summer.
Newcastle are confident behind the scenes as they add key experience off the pitch with the likes of Darren Eales and Dan Ashworth arriving. On the pitch, Pope, Matt Targett and Sven Botman have arrived for around £60m but attacking options are now being pursued with money there to be spent in the coming weeks.
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