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Newcastle are sixth in the Premier League Newcastle have announced a loss of £11. 1m in their 2023-24 accounts, a significant reduction on the £71. 8m loss the previous season. The improved figures were helped by a 28% increase in revenue to £320m, largely down to their participation in last season's Champions League, and a £70m profit from player sales. Newcastle sold Allan Saint-Maximin to Saudi Arabian side Al-Ahli in July 2023, while Elliot Anderson and Yankuba Minteh were high-profile departures shortly before the accounting deadline of 30 June 2024. That helped balance out a significant summer 2023 transfer spend on the likes of Harvey Barnes for £38m from Leicester, Sandro Tonali from AC Milan for £55m, Tino Livramento from Southampton for an initial £32m and Lewis Hall from Chelsea for £28m. The Magpies say those improved figures ensure the club has complied with Premier League profit and sustainability (PSR) rules. "We are committed to sustainable success and we have started 2025 in a strong position, " said chief executive Darren Eales. "Our progress has been supported by diligent work on and off the pitch. Returning to the Champions League for the first time in more than 20 years was hugely memorable for everyone connected with the club, and it has clear upside financially as we continue to grow. Eales warned the club may have to sell players when announcing their 2022-23 figures last year, which followed a £70. 7m loss in 2021-22, when the club was taken over by the Saudi Public Investment Fund. Under PSR, Premier League clubs are allowed to post losses of up to £105m over a three-year reporting cycle, though spending on academies, infrastructure and community projects are exempt from calculations. Newcastle finished seventh in the Premier League in 2023-24, narrowly missing out on a place in Europe. They also reached the quarter-finals of both domestic cup competitions, but were eliminated from the Champions League at the group stage. Premier League clubs avoid 2023-24 PSR charges How clubs kept to spending rules & what next? Kohli falls to give Australia flicker of hope in Champions Trophy semi-final FA publish written reasons for Slot ban & clubs set for Champions League last-16 - latest Crowds of 273 to Champions League - rise of Europe's 'hottest property' The new, extended trailer for Doctor Who Season 2 The world's longest kiss Mark Kermode explores the films that win awards Frank Cottrell-Boyce chooses his favourite tracks 'Bosh! ' - Ball hits stumps but fails to dislodge bails. Video'Bosh! ' - Ball hits stumps but fails to dislodge bails Crowds of 273 to Champions League - rise of Europe's 'hottest property' Play BBC Sport's new Champions League game Sels saves Taylor's penalty to send Forest through. Video Sels saves Taylor's penalty to send Forest through 'Chin up, kid, it all works out in the end' - Jonas' 'sliding doors' moments Antonelli ready for 'big responsibility' of replacing Hamilton Eight second goalkeeper rule - what happens next and what our experts think 'No help' & 'no confidence' - What is behind Hojlund's goal drought? The Draft 'unicorn' that NFL teams just can't figure out Has Las Vegas been a success for rugby league? 'It's changed football for me' - Life as a Fantasy Football contender 'He just lost it' - how costly will Cunha's red card prove? Like being in a washing machine - England's tough night in Vegas Why did Bournemouth VAR check take eight minutes? 'Karachi a familiar low - England's rebuild starts here' 'Dangerous play' - Millwall's Roberts sent off for challenge on Mateta. Video'Dangerous play' - Millwall's Roberts sent off for challenge on Mateta England Under-18s to 'Small Black', via four lost stone Inside the doping deal for tennis' world number one Copyright © 2025 BBC. The BBC is not responsible for the content of external sites. Read about our approach to external linking.