Newcastle would be ‘crazy’ to sell Isak

According to chief executive Darren Eales, it would be “crazy” for Newcastle to sell top players like striker Alexander Isak after their 2023-to-24 accounts saw a significant decrease in losses.

In comparison to the previous season, which saw a loss of £71.8 million, Newcastle announced a loss of £11.1 million in their 2023-24 accounts.

The improved figures were aided by a £70 million profit from player sales and a 28% increase in revenue to £320 million, largely due to their participation in the Champions League last year.

Elliot Anderson and Yankuba Minteh left shortly before the 30 June 2024 accounting deadline, leaving Newcastle to Al-Ahli in Saudi Arabia.

That helped to balance out the significant summer 2023 transfer spending of Lewis Hall from Chelsea for £28 million, Harvey Barnes from Leicester for £38 million, Sandro Tonali from AC Milan for £55 million, and Sandro Tonali from Southampton for an initial £32 million.

According to Eales, Newcastle is no longer under any pressure to sell any of their prized assets, including Isak, as a result of their efforts to reduce their losses.

They all have long-term contracts, they said. All of those players are unmoved, in our opinion. Eales stated that “we’re not under the gun or anything like that.”

“We have an ambitious ownership that wants the best for the club,” as you may well well know. Therefore, it would be crazy for us to take it into account from that perspective.

Isak, who has 19 Premier League goals this season, had a January transfer window with a number of clubs in England and Europe.

We will discuss a new deal with Joelinton, Bruno Guimaraes, or Anthony Gordon, just like we did with Joelinton, Bruno Guimaraes, and he [He]Isak] has several years left on his Newcastle contract. We will start doing that in the summer, Eales continued.

“We’re working as a club to be at the top of the table.” Our top players should be present.

They talk about Isak all the time, in my opinion, which shows how important he is. We don’t want to move any further.

The improved figures, according to the Magpies, demonstrate that the club has adhered to PSR rules for Premier League profit and sustainability.

We have a strong position for 2025 and are committed to long-term success, according to Eales.

Premier League clubs are permitted to report losses of up to £105 million over a three-year reporting cycle under PSR, but no calculations are made for expenditures on academies, infrastructure, and community projects.

In 2023-24, Newcastle came in only seventh place in the Premier League, barely missing out on a place in Europe. They also advanced to the quarter-finals of both domestic cup competitions, but they were knocked out of the Champions League in the group stage.

Eales referred to the most recent financial results as “good news,” pointing out that the club wants to keep growing on the field as well.

That’s good news for us because it’s a new (PSR) cycle, according to Eales.

In the end, Eddie Howe wants the players in his positions. In that regard, there is real harmony. So we’re anticipating a summer full of excitement.

Since the Saudi-led takeover of St James’ Park in 2021, Newcastle have been considering relocating to the area.

Although plans have been moving forward and they are expected to enter the “decision stage” early this year, manager Eddie Howe claimed it would feel like a ” betrayal” to leave the venue they have called home since 1892.

Eales expressed his gratitude for the patience shown in this situation.

It’s a once-in-a-generation choice, they say. We want to make sure everything is correct. We don’t want to rush things, so we’ll just do it and then consider, “If we’d just spent a little more time,” in 20 years.

We want to ensure that everyone is present on the journey. So the club needs to narrow down which of those is the best option for the club over the long term. Keeping in mind the region’s and city’s significances when attending Newcastle United.