Depends on the transitional rules Adam. However, if it’s a 70% cap. Manchester City earned £700m in revenue in 22/23 so cap is £490m. Newcastle likely to earn £300m in 23/24 so cap would be £210m.

It’s less of a cap, more like reinforce the gap.

— Kieran Maguire (@KieranMaguire) March 11, 2024