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@tfandy1892
Newcastle United. True Faith scribbler on NUFC finances. Red Wine. I’m so old I was alive when NUFC last won a major trophy (3 weeks old).
Positive Sunday We’ve won our 1st domestic trophy in 70 years We’ve qualified for the UCL We’ve bought a key target Hall, Botman and Joelinton will be fully fit for start of season We’ve got money to spend Isak will probably stay We’ve got Eddie Howe It’s only July
Myth - Newcastle are funded by “oil” money. Fact - about 90% of NUFC’s income in 23/24 was from non-PIF related sources. Myth - Newcastle have “bought” their success. Fact - Newcastle’s squad cost (wages + amortisation) was only the 8th highest in the PL in 23/24.
Wages + Player amortisation will likely be the basis of the PL’s new squad cost control ratio next year. Using this metric, NUFC only have the 8th HIGHEST SQUAD COST in the PL. Howe has us punching significantly above our weight.

Andy Trobe explains for TRUE FAITH readers how Chelsea are getting round PSR and making a mockery of it all - tf1892.substack.com/p/chelsea-fi... #NUFC
Want some more good #NUFC news? Here’s Andy Trobe, long term financial analyst with a big dollop of positivity on the latest club accounts - tf1892.substack.com/p/nufc-club-...
Gordon out, Hall out, Botman out … Isak worries … need some good news? Andy Trobe has had a look at #NUFC finances and finds room for hope - tf1892.substack.com/p/closing-th...
I went to Maine Road in 1985. 40 bloody years ago. 😲 We didn’t score that day either. Lost 1-0 to a Mark Lillis goal. Somethings never change. Except for the hooliganism!!
TF’s resident finance analyst @tfandy1892 casts an eye over the latest Deloitte Football money report and how #NUFC is doing and our challenge ahead - tf1892.substack.com/p/nufc-finance…
Deloitte Money League gen was published recently - we’ll have more analysis to come - but how has our financial position shifted since the takeover - finance expert @tfandy1892 looks at it for TF - tf1892.substack.com/p/nufc-finan... #NUFC
@tfandy1892 crunches the numbers to answer the question whether Arsenal can sign Alexander Isak from #NUFC - a must read for Mags and Gooners - tf1892.substack.com/p/can-arsena...
Wages total 2013-23. Newcastle not even making the top ten.
Top Ten Wage Totals Premier League 2013-2023 £'m
Bit harsh. @boo_boy1 @Ted246_
Top Ten Wage Totals Premier League 2013-2023 £'m
Just watching that Carabao SF again for about the 43rd time and Burn was an absolute colossus. Headed away everything that was flung in the box particularly in the last 30 minutes. Threw his body in front of every shot. No surprise how poor we were against WHU without him.
This is excellent from @tfandy1892 - the real business case for leaving SJP and for staying - superb analysis from a lad who understands the finances and explains it brilliantly here - tf1892.substack.com/p/shal-we-stay… #NUFC
#NUFC won’t be able to consistently compete until we’ve closed the commercial gap on the cartel clubs - how are we doing? Finance analyst @tfandy1892 looks at the numbers since the takeover - tf1892.substack.com/p/nufc-income-…
The old couple over the road are long time Salvation Army members. Unfortunately one of them is now too ill to attend so the Sally Army is doing an impromptu performance outside their house. The Christmas spirit is alive and well. 🙂
In the mood for a read wherever you are? Here’s @tfandy1892 analysis of #NUFC progress in increasing commercial income since the takeover and the huge gap that remains for us to close - strongly recommended read - tf1892.substack.com/p/nufc-income-…