Newcastle United CEO Darren Eales has conceded that every player has a price after the club's full set of financial accounts were published. For the latest accounting period, the Magpies posted a £73.4million post-tax loss, with the losses largely attributed to 'continued investment in the playing squad', as per the statement that accompanied the figures.
While the Toon were operating at a heavy loss, the accounts didn't include their new front-of-shirt sponsorship with Saudi firm Sela and Champions League prize money from this season. Newcastle will reap the rewards of their efforts in Europe from next year but, until then, the club remain under pressure to comply with Financial Fair Play rules and the Premier League's profitability and sustainability rules.
In an interview with Chronicle Live, the Magpies chief was asked whether players could sold this month to ease the club's financial position. Eales replied: «On any player, at any time, it depends on circumstances. It’s difficult to hypothesise but, if we’re offered £1billion for one of those players, then no one could argue against that making sense.
»Any decision we make will always be against the backdrop of the medium to long-term benefit for the club. It’s difficult to say specifically on certain players, but I can say that, if we’re going to get to where we want to get to, at times it is necessary to trade your players.
«Whether that is because of the contract length of the player in question, the offer is too good to refuse, you need to reload in certain areas, but all of this could make sense to trade that player. It is counter-intuitive and part of the inherent system of PSR that there is an incentive to trade your players if you want to re-invest, by the
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