Premier League clubs will this week learn whether they are facing punishments for breaching profitability and sustainability rules [PSR] across the three-year accounting period of 2021-24. Disciplinary charges will be issued to any club to have recorded losses greater than £105m for that period, with some balance sheets submitted and checked in recent days.

Any top flight teams to have recorded losses for the first two years of the aforementioned three-year cycle were forced to hand over their financial accounts for the year ending June 2024 by the end of last month. This was to allow the Premier League's legal departments the chance to assess the books of clubs who may be in danger of breaching the financial rules.

Chronicle Live understands Newcastle United are not expecting a punishment from the Premier League, despite sailing close to the wind before offloading both Elliot Anderson and Yankuba Minteh - for a combined £68m - just before the 2024 PSR deadline passed. The Magpies have spent big in recent seasons and, despite raising revenues, have posted combined losses totalling £121m for the 2021/22 and 2022/23 years.

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However, Newcastle are expected to post a small profit for the 2023/24 financial period after increasing their revenue streams through additional sponsorship deals, broadcasting income and lucrative European football. The north east outfit's spending capabilities will also grow this summer when the £73m loss from 2021/22 drops off the rolling PSR cycle.

Other Premier League clubs will be feeling the heat as the judgments are made, with the likes of Leicester City and Chelsea displaying external confidence despite lingering doubts over their recent spending. Manchester United are set to earn a PSR pass mark by a thin margin but the fact youngsters such as Alejandro Garnacho and Kobbie Mainoo are reportedly up for sale goes to show the worry emanating from the Old Trafford boardroom.

Nottingham Forest and Everton were charged with breaching spending limits for the 2020-23 period last season, with the pair being docked four and two points respectively. Those examples appear to have established the precedent that a three-point deduction is the starting sanction for a PSR breach with good or bad behaviour helping to determine whether those sanctions are reduced or increased.

Newcastle's financial situation has been well-documented for some time. Eddie Howe kept hold of senior players in the face of an injury crisis 12 months ago, while Manchester City youngster Alfie Harrison was the only incoming of the winter window.

The summer trading period that followed brought first-team stars such as Lloyd Kelly and William Osula to the club but Howe wasn't backed with a marquee signing as with previous summers. This time around, the Newcastle boss is hopeful of being active in the market but has admitted that outgoings are needed to facilitate any incoming signings.

At present, Martin Dubravka looks set to stay at the club, while concrete offers for Miguel Almiron appear thin on the ground. Newcastle also aren't willing to part ways with any high-earning key players as they push for a return to Europe.