By Kieran Maguire

1st Oct, 2023 | 2:44pm

Kieran Maguire issues £72m Newcastle United FFP claim as documents filed

Newcastle United will use their new £72million cash injection from their owners to help deal with monthly bills.

That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that new share issues will benefit Newcastle’s FFP situation.

As per Companies House, JV1 Limited – a company co-owned by Amanda Staveley and the Reuben Brothers – issued new shares worth £12million.

The company owns a 20 per cent stake in Newcastle United, and their share issue followed a larger £60million injection filed by the Tyneside club’s parent company to Companies House in September.

Maguire explained that Newcastle may need additional cash to ensure they can pay off all outstanding installments on transfer fees from previous windows.

The Magpies spent £133million on new signings this season with an additional £160million spent across 2022/23.

“I suspect that those funds will be used for working capital purposes,” Maguire told Football Insider’s Sean Fisher.

“The £12million from JV1 is to acknowledge that they have a 20 per cent investment in the club following the £60million share issue previously.

“It will help Newcastle with the month-to-month wage bills.

“It will also contribute towards Financial Fair Play in the sense that you’ve got this rolling £90million figure that can be brought in by owners over a three-year period.

“On top of that, Newcastle United have also invested significantly in the transfer market.

“Some of those installments will be due and they have also been very active in the January window, so Newcastle needs to have the cash available to pay those installments.

“Whether that be money due on the next Anthony Gordon payment or Dan Burn payment or so on.“

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