The TRUTH behind Newcastle United's spending power & PSR close shave w/ Kieran Maguire

Liam speaks with football finance expert Kieran Maguire about Newcastle United's PSR situation after the club narrowly avoided a points deduction in the 2023-24 calculations.
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Music: Sport Percussion
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URL: pixabay.com/mu...

[@shielsy1]

A good listen, best of luck to England tomo from a Ni fan 🤞

[@GeordieJournos]

Thanks! - L

[@andrewford119]

I could listen to Kieran all day. He's so good at putting things in a way that I understand easily. I can definitely recommend his Price of Football podcast; i never miss an episode....

[@brianhall869]

Why aren't these clubs taking the premier league to court anti competitive rules restrictive business practices. The Premier league has a cabal the rest of the teams are their feeder clubs. Anti competitive behaviour can be fined 10% of worldwide revenue.

[@firestarter1888]

The fans should as well, as consumers they are the ones impacted.

[@andrewcharlton6080]

Because the clubs themselves voted for it. Thats the issue, the majority of the clubs want to restrict spending as they know they just can’t compete

[@firestarter1888]

@@andrewcharlton6080 They can't ignore 1 million fans however, if they all complained to the cma.

[@johnmurray5573]

Have the club mismanaged their balance sheet? How much has been wasted on Ashworth on the wage bill for garden leave.

[@firestarter1888]

@@johnmurray5573 They probably turned a profit on cashworth, as man u payed a release fee.

[@iantelford1185]

Thanks Liam and Kieran.

[@GeordieJournos]

Cheers! - L

[@TonyODOnnell-tt8gh]

excellent watch... Bravo...

[@GeordieJournos]

Cheers! - L

[@TonyODOnnell-tt8gh]

@@GeordieJournos Ne Bother...

[@MarkWeir-cr5tk]

Brilliant session Liam, Kieran brilliant as well.

[@GeordieJournos]

Thanks! - L

[@MrCharlieabrahams]

Excellent content. There is no question in my mind that most of the transfers end June had inflated values just to solve PSR deficits

[@antonyallen8025]

I wouldn't have said Ashley left newcastle in a strong place for psr considering how much he hampered our turnover by doing rubbish deals with certain sponsors etc

[@drrocco2525]

Yes, the prs rules go on turnover over a 3 year backdated period, our money coming in from sponsors ect was shocking and that's why we are still playing catchup now,Ashley left us with a shit squad and bottom 6 team revinew coming in

[@antonyallen8025]

@drrocco2525 precisely, 14 years of neglect and accepting surviving the prem year on year meant we went from having a turnover similar to that of Spurs, to floundering around to nearly half

[@drrocco2525]

@antonyallen8025 yep, and a squad of players that were unsalable when he left

[@Tom_murray89]

And funnelled money into sports direct

[@drrocco2525]

@Tom_murray89 yes, he even had a website set up from sports direct which mirrored the official club website which redirected Internet traffic for people buying kits to sd, so the club wouldn't make the money,proper snidey kernt

[@marcusdidius4090]

Dear all, Canny video as always👍 Always good to see Kieran Maguire doing his finance thing👍👏🤘 Regards,

[@GeordieJournos]

Thanks 👍 - L

[@Round3TV]

That was a genuinely informative interview, good work.

[@dbulman2]

Excellent episode, very informative on PSR which is a joke to get head around. How much do we expect this summer? The cartels control is ruining football. Villa do great to qualify for champions league and have to sell players. Ratcliife openely saying they should get more vote and bo scrutiny from media

[@nettlewarrior8627]

So glad Kieran explained amortisation. Up until this point I hadn't realised it was calculated as a daily rate. Makes sense how Chelsea could continue to buy before the PSR deadline.

[@GeordieJournos]

👍

[@bensouthwell1339]

an education from Kieran well done.

[@George-wy2yb]

Know this one will be a great watch. Thanks guys

[@GeordieJournos]

Our pleasure! - L

[@ianmclennan4353]

A fascinating podcast - very informative! The financial aspect of the Sales and Purchases of recent years certainly are revealing. It really helps understand NUFCs position in relation to the "Big 6" - still there IS hope for the future!

[@grahamritchie7755]

What a brilliant chap who really knows his stuff

[@GeordieJournos]

Thanks. Kieran was decent, too 😉 - L

[@billrailton712]

Great report thoroughly enjoyed and what a fantastic insight to club finances 👍

[@GeordieJournos]

Glad you enjoyed it - L

[@harryrobertson9838]

Great show!

[@GeordieJournos]

Cheers! Thanks for your support. - L

[@gazmo71]

Excellent content Liam, best one yet, great questions and Kieran is excellent, as well as a top bloke. Always speaks in laymans terms for novices like us. His podcast is always a listen

[@GeordieJournos]

He's quality! - L

[@danielcain6671]

Very good show love maguire talking very good non bias person x

[@GeordieJournos]

He's excellent! - L

[@AllyBeee1]

Great video as always. Some good questions. I would like to know Kieran's take on the Chelsea Women's side being effectively sold to themselves for 200 million as rumoured and also the situation with Covid payments being counted for Man Utd for PSR deadline just gone. Will The PL investigate any of this?

[@antd6993]

Usually I would watch this on Saturday but well it has been a different ⚽️ wkd! Cheers L😂

[@GeordieJournos]

Certainly has. Hope you enjoy! - L

[@peternealon430]

Does anyone know when any revised financial figures will be released? I can only find figures for upto 30/6/24 but i'm not sure these include the late sales or buys.

[@GeordieJournos]

I'm not sure on this one. - L

[@ste1887]

Premier League Clubs could go strike and not sign and sell players to make a statement to PL and PSR etc.

[@GeordieJournos]

How would that work? - L

[@ste1887]

@@GeordieJournos point blank refuse to do transfers in or out.

[@Tom_murray89]

On the commercial front Ashley was awful he didn’t give the chance to raise revenue however under pfi we are able to get great sponsorship deals

[@GeordieJournos]

Correct. - L

[@joemoore400]

Good interview this. You should think about doing it as a job or something!

[@GeordieJournos]

Haha, I just might 😅 - L

[@Robert.Sheard]

What’s the intention of FFP/PSR? Is it to level the playing field? (It certainly doesn’t accomplish that.) Or is it to keep clubs from going under? If it’s the latter, the restrictions should be linked to debt rather than income/loss.

[@GeordieJournos]

Makes no sense. - L

[@Tom_murray89]

Mike Ashley used us to make more money for sports direct

[@kevinhawes]

This misguided mindset that Mike Ashley done any but strip Newcastle united of its accents to line his own pockets is crazy we are still feeling the devastation of that idiot’s tenure ie shirt sales to sports direct we did have land but he soon sold that off not to mention the players sold for vast profit to himself need I say more

[@GeordieJournos]

Think that's a whole different video. However, the reference in this one was purely the lack of debt etc. - L

[@roncalvert1995]

Would love to know more about this case the Bosman lawyer is taking to court. What did Kieran mean when he said it might mean the wild west has arrived - I'm hoping it means that transfer fees are excluded from PSR or equivalent calculations, but no doubt the vested interests will find other ways to keep the ladder pulled up behind them. Also: what happened with Man City's arbitration case? The participants presumably have a feel for how they believe things went - any hints emerging? I am guessing the formal ruling hasn't been issued yet, but do we know when it is due?

[@craiglee3653]

Probably end up like American sports where players get tens of millions to sign for clubs, no window, and short contracts to allow players to earn maximum.

[@GeordieJournos]

I've asked him for clarity. But he's away to the final, so I'm not expecting much response. Re second bit, hints unlikely as parties are strictly bound by confidentiality. - L

[@deanharding740]

Man Utd have just reported losses of £70m for THREE MONTHS which annualised would be a loss of £280m

[@GeordieJournos]

🤯

[@stephenrichards9118]

Totally bias towards top 6 mean endless court cases and challenges

[@peternealon430]

I genuinely believe that it will get to a point very soon where the league will be delayed whilst a court case is being heard.

[@stephenrichards9118]

@@peternealon430 wouldn't surprise me either if clubs can't compete fairly they will try to find loopholes and go to court

[@geordie_mech]

None of you know the truth about PSR. The only ones that know anything are the ones behind the scenes.

[@GeordieJournos]

Without accounts. That's impossible. But you can have a good idea, as per Kieran's calculations. - L

[@nettlewarrior8627]

Liam stated the journalists were shown the accounts by the club at the end of January. Therefore they had a good idea of the deficit.

[@canderson1955]

End of the decade? I’m almost 70 years old now, I might never see the ‘big 7’ lol.

[@GeordieJournos]

Keep the faith! - L

[@2coinaphrase121]

Sorry but Ashley did not leave us in a strong PSR situation at all. He left us with a useless high wage squad with no sell on value due to years of neglect. Selling off decent academy players like Bobby Clark before they would be key assets under these new rules.

[@GeordieJournos]

Of the lots of things Ashley did, he definitely didn't leave the squad with a high wage bill. - L

[@2coinaphrase121]

@@GeordieJournos I’m referring to silly Jeff Hendrick, Ryan Fraser wages etc which still stink the place out

[@GeordieJournos]

@2coinaphrase121 ah ok. Ritchie was another btw.

[@BigDom61]

TBH lads unless City win there case it’s going to take years to catch up with the septic 6 unfortunately

[@GeordieJournos]

Yep. - L

[@billburnett3902]

Just take the EPL and UEFA to court. Their rules are anti-competitive. Also, make the clubs with huge debts pay them off in short time.

[@Tom_murray89]

It could be under restoration of trade however it seems that the premier league and UEFA are a law unto themselves