vbet10 Newcastle’s £187 million wage cost is less than half that of Manchester City

vbet10 found that Newcastle Club’s financial report data for the 22-23 financial year was released. Revenue increased by 39% to 250.3 million pounds, while the loss was 73.4 million pounds. Although the wage cost is as high as 187 million pounds, football finance expert Kieran Maguire believes that Newcastle has done a relatively good job in controlling wage costs. “They have done a good job in controlling wage costs. £187 million is less than half of Manchester City’s £423 million, only a little more than Manchester United, and Newcastle did not participate in the Champions League in the 22-23 season. For Newcastle, wage costs It’s not a problem to worry too much about.”

Maguire said: “A lot of people focus on the £187m figure, but in reality it’s only £5m more than Leicester’s wage bill in 2022 and £2,500 more than Everton before they made significant cuts. million pounds. Newcastle participates in the Champions League this season, which will further increase the club’s income.