By Adam Williams, Finance & Governance Correspondent

3rd May, 2023 | 2:35pm

Revealed: Newcastle United to smash record as £265m announcement on the cards

Newcastle United are on course to obliterate their previous revenue record for a single season in 2023-24, Football Insider analysis shows.

The Magpies registered their highest-ever turnover in 2021-22, with their £180m total narrowly surpassing the £178.5m they raked in during the 2017-18 season.

They will again exceed that figure when the time comes to release their 2022-23 accounts thanks to a bevvy of new blue-chip commercial deals and the prize money that comes with vastly improved performance on the pitch.

But it is in 2023-24 that Newcastle’s revenue will reach a new plane altogether, with a total of £265m conservatively forecasted by this site.

Significantly, that could see them become one of the top 15 clubs in world football in terms of revenue generation.

The surge will be due to another major bump in Premier League prize money, likely Champions League participation, and supercharged commercial income.

Premier League prize money is worth around £2.5m for every place climbed in the table, which would equate to an extra £17.5m if the Tynesiders finish 4th this season.

Eddie Howe’s side have a nine-point cushion on 5th-place Liverpool with just five games remaining this term.

A 4th place finish would qualify Newcastle for the Champions League next season, which would be worth a bare minimum of £27m before a ball has even been kicked.

Three extra matchdays at St James’ Park in the group stage of Europe’s top club competition meanwhile would earn the club an extra £6million at the very least.

In the commercial department, Newcastle are reportedly ready to announce a £25m-a-year front-of-shirt deal with an unnamed Middle East company.

Their current shirt deal with Fun88 is worth around £6.5m per year, meaning Newcastle can add an extra £18.5m to their commercial income total.

That lucrative new sponsorship arrangement will be supplemented by a raft of other new commercial deals, which it is conservatively estimated could add a further £10-15m to the bottom line.

An extra £17.5m in Premier League prize money and £27m in Champions League cash plus around £35m in added commercial income and £6m more in matchday takings will take Newcastle to around the £265m mark.

In other news, Newcastle United trump Everton and West Ham as £50m-plus deal agreed.