Newcastle Ornstein reveals ‘overdue payments’ as ‘unusual’ situation has player agents ‘in dark’

The Athletic’s David Ornstein, Newcastle United have ‘overdue payments’ that they owe player agents, who have ‘left in the dark’.

Saudi Arabia’s Public Investment Fund complet its takeover of Newcastle The. Magpies have subsequently spent significantly in the transfer market as they have gone. From a side battling relegation to one that consistently competes for Europe.

However, in recent windows, Newcastle have been impact by Profit and Sustainability rules as they have attempted to avoid a points deduction for breaching regulations.

Newcastle have not able to spend as freely as they would like and they were also forc to sanction a couple of big-money sales in the summer to balance the books.

Now that ‘representatives of multiple Newcastle players have left in the dark after fees. The club owe them were not paid on time. United at the end of 2021, instantly making the Premier League team one of the richest clubs in the world. 

It is not that ‘agents should have receiv commission instalments in. September and are still waiting’. while ‘no explanation was provid as to what is happening or when it will be resolv’.

The report also makes it clear that this is a ufabet https://ufabet999.app ‘financial processing issue at ownership level rather than cash flow or a bigger complication and has not impacted regular wages’.

Ornstein has also explained why this is an ‘unusual’ situation.

‘Although paying agents late often occur across the industry, Newcastle’s case is unusually long and especially given it is a standard contractual obligation.

‘Image rights are slightly different in that an invoice must be sent and if it does not arrive promptly, that could cause a delay.

‘The club say deposits have now been made or are on the way and accept their communication should have been better. There are also player camps who have been unaffected or seen their situations rectified more quickly than others.’

Among those involved, the matter has created some confusion because it is out of keeping with their experience at Newcastle so far and particularly considering the ownership’s wealth.

The club faces unrelated challenges in its ongoing attempts to progress on and off the pitch, while simultaneously complying with the Premier League’s profit and sustainability rules.

‘It has seriously influenced their transfer activity following an initial period of heavy investment subsequent to the Saudi-led takeover in 2021.

‘Additionally, there are no firm developments yet on a new training ground or stadium plans.’