The incredible rise of Newcastle United has now been officially validated by a new financial report that reveals record-breaking revenues.
The club’s recent success on the pitch, masterminded by head coach Eddie Howe, has been a key driver in this astonishing financial growth.
Howe’s brilliance has transformed a team fighting relegation into a side that has won a major trophy and is now competing in the Champions League, a change that has directly led to these impressive figures.
According to a statement from the outgoing CEO, Darren Eales, the true extent of this financial turnaround is now clear.
Eales announced that the club’s revenue has exploded from £140 million in 2021 to a projected figure “well north of £400 million” for the 2025/26 season, all thanks to their participation in the Champions League.
This revenue, which is distinct from player sales, comes from three main sources: commercial partnerships, matchday earnings, and television and media rights.
A look at the club’s financial history tells a compelling story of consistent and remarkable growth.
The club’s turnover has steadily climbed from £140.2 million in the 2020/21 season to £180.0 million in 2021/22, followed by a significant jump to £250.3 million in 2022/23.
The 2023/24 season saw another big leap to £320.3 million, a figure boosted by their Champions League campaign.
While the financial year for 2024/25, which ended in June 2025, is yet to be fully revealed, it will be interesting to see how the club performed without the financial rewards of the Champions League.
The Carabao Cup victory certainly helped, bringing in both direct prize money and indirect revenue from increased merchandise sales, but it’s not on the same scale as Europe’s top club competition.
However, the club’s other revenue streams have seen substantial growth. Ticket prices have risen, the membership base has expanded, and the club has increased its hospitality offerings.
These factors, along with other commercial gains, should lead to a very healthy revenue report for the 2024/25 season.
But all signs point to an even more dramatic jump when the numbers for the current 2025/26 Champions League season are eventually made public.
In his final address, Darren Eales praised the incredible progress made, stating that the club’s growth rate is “unprecedented in world football.”
He also expressed his gratitude to all those who contributed to the club’s success, from the fantastic new partnership with Adidas to the creation of the Stack community asset.
Eales also extended his thanks to Eddie Howe and the players for their hard work and for providing some of the most “intense and entertaining football” he has ever seen.
He concluded by welcoming the new CEO, David Hopkinson, and expressing his confidence that Newcastle United will continue its exciting upward trajectory under his leadership.
The financial numbers are more than just figures; they are a clear sign that the club’s vision is coming to life, on and off the pitch.
