Newcastle United have struggled to be active in the January transfer window.
It has been one of the less memorable transfer windows on Tyneside. There have been no arrivals for Eddie Howe’s squad.
Only one player joined the club in January, Kyle Fitzgerald signed for Newcastle from Galway United – he is expected to link up with Newcastle’s under-21s.
From an outgoing perspective, it has been much busier. Several players have left on loan including Charlie McCarthur to Carlisle United, and Isaac Hayden to Portsmouth where he has linked up with former Newcastle man Matt Ritchie. Alex Murphy has also joined League One side Bolton on loan but is yet to appear for them.
Newcastle are selling Miguel Almiron to Atlanta United for a potential £11m fee. The deal could have been completed earlier in the window but Atlanta were happy to wait for Almiron as their season does not start until later in February.
PSR has been a lingering problem for the last 12 months but Newcastle selling Almiron has an impact on their situation. Recent words now suggest just how much it means to them.
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Miguel Almiron of Newcastle United acknowledges the fans after the team’s victory in the Premier League match between Southampton FC and Newcastle …
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Newcastle to benefit from Almiron exit
In the summer, there was a PSR blackhole which could have handed Newcastle a points deduction. The Magpies sold Elliot Anderson and Yankuba Minteh to balance the books.
With Almiron set to leave, Newcastle’s PSR troubles will be lessened. Chris Waugh of The Athletic has now said exactly what it will mean for the club going forward.
He states that Newcastle should get much of the profit, but there is still some of the fee from his original signing in 2019 that needs to be paid.
Almiron joined for £16m plus £5m in add-ons. The fee that Newcastle still owe will be deducted from the profit they make from selling Almiron back to Atlanta.
Waugh claims that because Almiron signed a contract extension in 2023, the remaining amortised balance was spread across the remaining period, just in lower fees.
With Almiron’s Newcastle contract due to run out in 2026, there was not much of the amortised fee left to pay.
Atlanta also included a sell-on clause in the original deal, but that is deemed irrelevant seeing at he is going back to his former club and Newcastle are selling for him for less than they bought him for.
It is complicated, even Waugh states that. But ultimately, Newcastle are in a better position with PSR by selling Almiron.
READ MORE – How Eddie Howe really feels about Newcastle’s recruitment policy as PSR issues continue
Newcastle have another ‘money spinner’
While Newcastle look to raise money by selling players, club executives are trying to get deals done off the pitch to help the club in the long run.
In the same Athletic piece Waugh comments on Newcastle’s search for a training kit and ground sponsor.
He says that there are no fresh deals in the pipeline. However, Newcastle are set to benefit from the PIF’s advertisements in St James’ Park.
The PIF were advertised in Newcastle’s win against Wolves. Unlike previous ownership, they are actually paying for the digital signage – although it is not expected to be a massive money maker for the club.
Elsewhere, the St James’ STACK is believed to be a big ‘money spinner’ for the club. It was recently reported that the STACK has made massive profits since opening in August 2024.
Waugh also states that the club has a loose internal target of trying to double commercial revenue every two to three years which has been achieved to date.
