What Aston Villa and Newcastle United can spend this summer – Football finance expert compares clubs | OneFootball

What are the respective positions of Aston Villa and Newcastle United this summer, when it comes to what they can spend in the transfer market this summer?

An interesting new report from BBC Sport has been looking at what the positions at the various Premier League clubs are.

Talking to football finance expert Kieran Maguire, the report giving an overview of what we can expect from the various clubs.

The Premier League’s first summer 2025 transfer window having officially opened today and will then close at 7pm on 10 June.

Then the second summer window opens on 16 June and runs until 7pm on 1 September.

The football finance expert and BBC Sport looking at the situation and in this part of the report, it concentrates on Arsenal, Aston Villa and Newcastle United.

So which clubs will be able to splash the cash this summer as they seek to reinforce their squads, and who is running a profit and sustainability rule tightrope?

PSR limits clubs to losses of £105m over three years, with that amount reduced by £22m for each season a club are outside the top tier of English football during the cycle.

Certain expenses like infrastructure, academy, community and the cost of having a women’s team are excluded from calculations.

BBC Sport crunches the numbers with football finance expert Kieran Maguire to look at how much each Premier League club will be able to spend in the transfer market, and whether there are any PSR limitations.

[At Arsenal] Record revenues of £616m in 2023-24 are likely to be exceeded thanks to the expanded Champions League format and extra broadcast revenue, while the sales of homegrown duo Emile Smith Rowe and Eddie Nketiah in the past 12 months brings about £50m of pure profit.

“As the most profitable club in Premier League history, Arsenal could easily spend over £200m in the window and have no PSR concerns,” said Maguire.

“So if a striker is not signed it cannot be blamed on PSR.”

Having failed to qualify for the Champions League things look less rosy at Aston Villa.

The club made a loss of £206m in the two years to 30 June 2024 and, with the £100m departure of Jack Grealish in 2021 dropping away from their PSR figures, backing Unai Emery will be far from straightforward.

Last term’s run to the quarter-finals of Europe’s elite club competition, along with the sales Moussa Diaby, Douglas Luiz and Jhon Duran will undoubtedly have helped.

But the Midlands club has spent more than £900m since returning to the Premier League in 2019, exceeding Uefa’s 70% revenue to wages ratio every season.

“Without any outgoings, it appears Villa will be at the bottom end of the £50-100m spending range,” added Maguire.

Meanwhile, Newcastle look well equipped after reaching the Champions League at Villa’s expense.

Eddie Howe’s side secured their first domestic trophy for 70 years in March, when beating Liverpool in the Carabao Cup final, and should be able to capitalise from the sales of Elliot Anderson, Yankuba Minteh, Lloyd Kelly and Miguel Almiron over the past 12 months.

Interesting to see BBC Sport and Kieran Maguire especially compare Newcastle United and Aston Villa.

As you can see, the most recent financial figures available for the two clubs are for 2023/24 and show Aston Villa with a huge £120m loss, compared to a modest £11m one for Newcastle United. Newcastle United also with far higher 2023/24 matchday revenue (£50m) compared to Villa’s £28m.

These are the two clubs threatening most to upset the entitled half dozen who have had it too easy for too long, dominating the power and the money.

Newcastle United getting Champions League football (and the money that goes with it) when qualifying for the 2023/24 CL competition, then Aston Villa playing this most recent 2024/25 season in the Champions League.

Eddie Howe’s side qualifying now for 2025/26 Champions League, ahead by goal difference of Aston Villa who only got Europa League.