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Newcastle take out £140m loan to help fund forward search

Published: 4 years ago
Transfer

Newcastle have taken out a hefty loan to help them fund their search for a new forward this summer.

Newcastle were recently taken over by Saudi billionaires, meaning they now have a monumental transfer budget to work with.

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However, It’s now being reported that Newcastle have taken out a £140m loan to help fund their search for a new forward, as reported by the Daily Mail in the tweet below.

Now, this doesn’t necessarily mean the Newcastle owners don’t have the money they promised, but it’s a way of allowing them to navigate the Financial Fair Play restrictions to their advantage.

 

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