It Newcastle UnitedThe richest club in the world since being bought by the Saudi Arabian royal family, has received a loan of almost €90 million to finish finishing the template this summer.
crow, which they have reserves of 587,000 million eurosUntil recently, they had transfer restrictions, to comply with Financial Fair Play rules, which limited the injections of money that Saudi owners could contribute.
Now, to continue signing, new castle has opened a line of credit with HSBC to pocket cash for the upcoming season in advance, worth almost 90 million euros.
The Saudis, who own 80% of the club, could use Premier League TV revenue and ticket sales to secure loans. With this, Newcastle were able to request a loan of over 167 million euros from HSBC, a maneuver increasingly used by Premier League teams.
Currently, from new ownership, Newcastle have spent nearly 180 million euros in transfers, with Nick Pope and Sven Botman arriving this summer, in addition to reinstating Matt Targett in transfers after playing on loan last year at the club.