00:00Newcastle United are facing the possibility of a significant fine after financial accounts revealed the sale of the leasehold on
00:09St. James's Park for £172 million to a sister company.
00:15The transaction involved the public investment fund backed ownership and saw the leasehold transferred to an entity controlled by the
00:24same shareholders.
00:25Now, the deal generated a profit of £129 million with an additional £4.1 million to a related company as
00:35well.
00:35This accounting approach resulted in a total profit of over £130 million, allowing the club to comply with Premier League
00:45profit and sustainability rules.
00:48However, UEFA applies particular financial regulations, placing the club under increased scrutiny.
00:54The 72-year leasehold on the stadium was sold to a company linked to both the PIF and the Reuben
01:04brothers as well.
01:05The move created a substantial accounting gain that significantly improved the club's financial position.
01:13Without the stadium sale, Newcastle would have reported a loss of £98.4 million for the financial year.
01:21Instead, the club posted a profit of £34.7 million.
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