Here is an early, highly preliminary view on Newcastle's 24/25 P&L and PSR capacity. Assuming some fairly conservative assumptions given no Europe and only £15m net added to amortisation vs my 2024F, this P&L would mean they would only need player trading profits of around £17m… pic.twitter.com/pxPlODB166

— slbsn (@slbsn) July 1, 2024