Newcastle United overtaken by Premier League rivals in Deloitte Football Money League despite record year
If the Deloitte Football Money League measured the wealth of a football club's owners, Newcastle United would stand proudly at the top of the table.
Unfortunately, the Deloitte Football Money League is based on revenue generation, and it's a good indicator of the huge gap the Magpies must close if they want to realistically challenge for titles on a regular basis.
Being minted doesn't guarantee success, obviously, but it certainly doesn't hurt.
The top five on this year's list are Real Madrid, Barcelona, Bayern Munich, PSG and Liverpool. None of which are short on trophies over the last few seasons.
Newcastle United dropped two places in the Money League despite increasing revenues again
Newcastle's revenues have been increasing rapidly since the 2021 takeover, and the Magpies have been rising up the ranks in the Money League; however, this year, despite once again recording record revenues, they have fallen from 15th to 17th in the league, being overtaken by Aston Villa and Juventus.
Of course, Newcastle didn't have European football last season, and that is likely a big factor in why Villa were able to leapfrog the Magpies this time around.
It just shows how valuable European football is to clubs.
The gap between Newcastle and the top is massive
The big takeaway for Newcastle here is that Liverpool, the highest ranking Premier League side, had revenues of €836.1m, which put them fifth in the table, while Newcastle's figure was €398.4m.
The difference is staggering, and it's these figures that drive what clubs are able to spend in the transfer market, so it's clear just how much PSR has been holding back the likes of Newcastle and Aston Villa, who have the means to fund growth, but aren't allowed to use their own funds to do so.
PSR is being canned from next season to be replaced by Squad Cost Ratio rules, but honestly, we don't expect this to make any dent in the established order.
