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Newcastle United faces an existential financial threat as the season nears its climax

The financial pendulum could swing wildly depending on how Newcastle United fare in the final three games

Newcastle United know that they will be playing European football next season, but which competition it will be in is not yet clear.

Heading into the final three games of the season, where the Magpies have tough games against Chelsea, Arsenal and Everton, Eddie Howe’s men have a spot in next season’s UEFA Champions League in their sights, sitting fourth.

But just four points separate third-placed Manchester City and seventh-placed Aston Villa, with the spoils of glory being enormously valuable to all involved, leading to a final run-in of enormous significance to the clubs involved with it having the potential to be hugely transformative for a club’s plans for summer business and the longer term.

By winning the Carabao Cup in March, Newcastle ensured that they would have some European football next season even if the wheels fell off in their bid for Champions League glory. But while that may have offered some kind of consolation, making the Champions League, as well having a shot still of finishing the season as Premier League runners up, would aid the club’s plans to kick on and become bonafide challengers for silverware.

When it comes to the Champions League, qualification brings with it an immediate £15.7m in income as part of the revamped league model, where clubs play a minimum of eight games instead of six. At the league stage, every win earns a club £1.8m and a draw £590,000.

For finishing in the top eight of the league phase, which seals automatic qualification to the round of 16, UEFA awards £1.7m to each team.

UEFA then rewards teams for winning each round of the knockout phase, with the winner getting £21.5m, the runner-up bagging £15.9m, the semi-finalists scooping £12.9m, the quarter-finalists £10.7m, and those making the round of 16 getting £9.4m.

There is then the very significant matter of the Value Pillar, where TV rights are spread around clubs at a value commensurate to the club’s successes through two pillars, the European part and non-European part. The European part is the club market value and five-year UEFA coefficient, while the non-European part is based on a club’s 10-year coefficient. Some idea of what could be expected can come from the £16.5m that Aston Villa received in terms of the value pillar in 2024/25. In contrast, Manchester City received £38.6m.

When Newcastle were last in the competition in 2023/24, the change to the revamped and expanded Champions League had not yet been brought in, and the Magpies’ performance in the group stage saw them miss out on the knockout phase, with £29.8m in prize money achieved in comparison to the £95.5m Manchester City made, the £81.3m Arsenal achieved, and Manchester United’s £52.5m.

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