Will Newcastle receive a points deduction like Everton? Club CEO speaks out on potential financial breaches after Magpies post £73.4m loss in latest accounts

The Magpies, who are backed by the Saudi Public Investment Fund (PIF), incurred a pre-tax loss of £73.4million ($93.6m) in the previous financial year, according to The Athletic. While their revenue saw a rise of 39% to £250.3m, their expenditures were huge including money spent on transfers, which was close to £124m.

When asked if the club was in breach of Premier League's Profitability and Sustainability Rules (PSR) limit and could face a points deduction like Everton, club CEO Darren Eales told The Athletic, "We’re compliant in the year we’re talking about here and our plans are always to be compliant going forwards. That is part of our business plan and part of our model."

The Premier League club have shown a cumulative loss of £144.1m in the last two seasons, although not all of their expenditures from that time will be considered in PSR calculation. Some of those expenditures include spending on the academy, the women's team, and club infrastructure.

Eddie Howe's side, who are on the back of three consecutive Premier League defeats, will be next seen in action on Saturday as they take on reigning champions Manchester City in a crucial league clash.