{"id":533498,"date":"2023-10-27T18:45:00","date_gmt":"2023-10-27T17:45:00","guid":{"rendered":"https:\/\/www.footballinsider247.com\/?p=533498"},"modified":"2023-10-27T18:45:02","modified_gmt":"2023-10-27T17:45:02","slug":"sources-newcastle-united-have-agreed-3m-deal","status":"publish","type":"post","link":"https:\/\/www.footballinsider247.com\/sources-newcastle-united-have-agreed-3m-deal\/","title":{"rendered":"Sources: Newcastle United have agreed \u00a33m+ deal"},"content":{"rendered":"\n

The deal between Newcastle United and Saudia Airlines is worth \u00a33million per season, sources have told Football Insider.<\/strong><\/p>\n\n\n\n

The Tyneside club announced<\/a> last Thursday (19 October) that they have extended their partnership with the Saudi Arabian-based airline company.<\/p>\n\n\n\n

Saudia first partnered with Newcastle last season, and the two parties have now agreed on a multi-year extension.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Sources have told Football Insider <\/strong>that the deal is worth \u00a33million per year to Newcastle – a fee that passed the Premier League\u2019s Fair Market Value assessment.<\/p>\n\n\n\n

Due to Saudia\u2019s links with PIF – the sovereign wealth fund that also owns a majority stake in Newcastle – the Premier League ensured that the value of their partnership was considered fair compared to similar deals in the top flight.<\/p>\n\n\n\n

Newcastle\u2019s Saudia deal is very close in value to the agreement struck by Chelsea and Oman Air this summer<\/p>\n\n\n\n

Football Insider <\/strong>revealed in July that Chelsea\u2019s Oman Air deal is worth \u00a310million across three years<\/a>.<\/p>\n\n\n\n

Newcastle have previously faced backlash for signing deals with Saudi-based companies, with the club facing allegations of sportswashing<\/a> following their \u00a325million deal with Sela this summer.<\/p>\n\n\n\n

However, the Premier League saw no issue with the value of Newcastle\u2019s new \u2018Official Airline Partner\u2019 deal.<\/p>\n\n\n\n

\"Man<\/figure>\n\n\n\n

Saudia are set to provide flights for Newcastle\u2019s away Champions League matches this season, while they are also expected to host their travel for future pre-season tours.<\/p>\n\n\n\n

The agreement will provide a boost to Newcastle\u2019s commercial revenue, which was recorded at just \u00a333million<\/a> in their latest 2021\/22 accounts.<\/p>\n\n\n\n

In other news, Newcastle United blocked from completing two signings by FFP<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The deal between Newcastle United and Saudia Airlines is worth \u00a33million per season, sources have told Football Insider. The Tyneside club announced last Thursday (19 October) that they have extended their partnership with the Saudi Arabian-based airline company. Saudia first partnered with Newcastle last season, and the two parties have now agreed on a multi-year …<\/em><\/p>\n","protected":false},"author":122,"featured_media":533499,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_coverart":"\"\"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_sections":"\"\"","_grv_disable_ads":false,"grv_featured_categories":""},"categories":[7,4,1044],"tags":[307],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/posts\/533498"}],"collection":[{"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/users\/122"}],"replies":[{"embeddable":true,"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/comments?post=533498"}],"version-history":[{"count":2,"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/posts\/533498\/revisions"}],"predecessor-version":[{"id":533505,"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/posts\/533498\/revisions\/533505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/media\/533499"}],"wp:attachment":[{"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/media?parent=533498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/categories?post=533498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.footballinsider247.com\/wp-json\/wp\/v2\/tags?post=533498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}