Newcastle could not resist £1billion bid for big name after reporting £73m loss
Chief executive Darren Eales has admitted even Newcastle could not resist a “£1billion” bid for one of their biggest names after reporting a loss of £73.4million.
The Magpies, who are 80 per cent owned by Saudi Arabia’s Public Investment Fund, are considered one of the world’s richest football clubs, but like all their Premier League counterparts they have to operate within profit and sustainability rules.
