Newcastle United is an ‘ambitious, long-term project,’ says club’s chief exec

01.04.2023 - 05:35 arabnews.com

NEWCASTLE: Newcastle United Chief Executive Darren Eales spoke on Friday about the “ambitious, long-term project” that is underway at St James’ Park.

It followed the release of the club’s latest financial results, the main takeaway from which was a need to significantly increase revenues and secure more-lucrative sponsorship deals.

The accounts for the year ending June 30, 2022, were the first filed under the majority ownership of the club by Public Investment Fund of Saudi Arabia, whose tutelage covered about nine months of that period.

Newcastle reported a loss, after tax, of £70.7 million ($87.2 million), over the 12 months, a significant increase on the £12.2m loss reported in 2021.

Premier League Manchester City Eddie Howe Newcastle United Anthony Gordon Miguel Almiron Darren Eales Britain Manchester France Saudi Arabia

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