Newcastle United now free to act after Premier League big six defeated on related party transactions.
Opinion16 seconds agoA key way to make it all but impossible for Newcastle United to grow, despite now having ended 14 miserable years of zero ambition with Mike Ashley, who instead had taken all the benefits for his own personal profit.
The Premier League big six thinking it was job done, with January 2022 seeing new regulations that stated each Premier League Club must now submit to the Premier League details of third party transactions to which a payment, fee or value in kind is or will be provided to the Club, where the total value is over £100,000 per annum, subject to exceptions which include the sale or loan of a player’s registration.
However, what the new NUFC owners inherited was commercial revenues that were the same level as when Mike Ashley bought the club in 2007. Terrible cheap as chips deals such as the £6.5m a year with FUN88 for front of shirt sponsorship, no doubt a similarly shocking deal with Castore. Anyway, back to the Premier League big six and their cunning plan on related party transactions that would wreck Newcastle United chances of competing.Premier League big six defeated on related party transactions and Newcastle United are now free to act.
The big weakness in all of this of course, was Newcastle United’s then current status. Those previous deals that had been in place under Mike Ashley and the lack of success on the pitch that had gone hand in hand.A bit like the go-to top nightclub in town and walking straight up to the VIP entrance, the doormen stopping you, but one flash of your VIP level Champions League card and you are waved immediately through.
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