Newcastle United are set to receive £4.8m from the Premier League, Chronicle Live has reported.
It comes after Norwich City and Watford secured an immediate promotion from the Championship back to the top flight. As a result, the Premier League will not have to provide the two clubs with parachute payments totalling £83m.
Relegated clubs are entitled to a slice of Premier League broadcasting cash for two years if they go down in their first season or three years if they survive for longer, but that goes out the window when they return to the top flight.
The money which would have gone to Norwich and Watford can now be distributed among the current top-flight clubs.
Chronicle Live also pointed out that the windfall will increase if Bournemouth join them in coming straight back up. The Cherries are fourth in the table, already assured of a play-off place.
Transfer Tavern verdict
It’s a welcome boost to Newcastle’s transfer budget as they look to build a squad strong enough to avoid any relegation trouble next season.
One possible target is Young Boys striker Jean-Pierre Nsame, valued at £6.3m by Transfermarkt. Theoretically, this latest windfall could cover around 75% of the potential fee for the Cameroon forward, who last year was described as being ‘in another galaxy’ after a run of 41 goals in 46 matches.
The news could also improve Newcastle’s chances of landing Joe Willock permanently. It has been reported that the Arsenal loanee would cost as much as £20m if the Magpies are to upgrade his loan move.
The immediate returns of Norwich and Watford to the Premier League may already be reaping some knock-on benefits for the Tyneside club.
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