record-breaking news breaks, Newcastle United is losing “£200,000-a-day.

Newcastle United lost £200,000 a day over the 2022-23 season but their finances are ‘exactly as expected’.

That is the view of finance expert Kieran Maguire, who spoke exclusively to Football Insider about Newcastle’s latest financial report.

The Tyneside club published their 2022-23 results on Thursday (11 January) revealing a club-record revenue of £250million.

However, the Magpies still suffered an overall loss of £73.4million after tax, putting the club close to the allowable losses set by Financial Fair Play.

Club CEO Darren Eales admitted that Newcastle may have to sell players to adhere to FFP restrictions.

Maguire explained that Newcastle’s losses compare to Chelsea and Manchester City following their takeovers by Roman Abramovich and Sheikh Mansour.

“On the back of their progress in cup matches and their new commercial deals, Newcastle’s overall revenue of £250million in 2022-23 is exactly as expected,” Maguire told Football Insider’s Sean Fisher.

“It aligns with their top-four finish in the Premier League.

“The calculations show the club lost £200,000 a day in 22-23.

“But if you compare it to Chelsea in their first two years under Roman Abramovich, the club lost £228 million.

“Manchester City under Sheikh Mansour also lost £190million which is about as much as the club can afford to lose whilst just being on the right side of the FFP divide.

“So I think Newcastle’s finances are where they would expect them to be.

“The big challenge for the club is going forward because neither Manchester City or Chelsea had Financial Fair Play to deal with, and that allowed them to spend equal amounts of money in subsequent seasons.“