Newcastle United received £154.7m in TV money last season. The Premier League have published their annual report, which has detailed the amount each club took home in the top-flight's revenue distribution table in 2023-24. The bulk of this figure was made up of equal shares from UK (£31.2m) and international broadcasters (£55.7m) along with a smaller one-off central commercial payment (£8.2m). All 20 clubs received each of these amounts.

However, as well as two separate merit payments from UK and international broadcasters, which are linked to where a side finishes in the table, clubs also banked a facility fee based on how often their games were shown on UK television. After ending up in seventh place last season, and having 23 top-flight games beamed out, Newcastle took home £154.7m.

While this was a huge sum, Manchester United, Spurs, Chelsea, Aston Villa, Liverpool, Arsenal and Manchester City all made more. In fact, Newcastle generated £10m less than what the Magpies did in the previous season because Eddie Howe's side placed higher and had more games broadcast in 2022-23.

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For context, too, it is worth noting Newcastle's wage bill was £186.7m a couple of seasons ago, which was obviously an amount far in excess of the TV money the black-and-whites have brought in, even before you take into account an expected rise in salary spend since then. Newcastle's 2023-24 accounts, which will soon be released, will help explain why the club's PSR situation has been so delicate and led to the Magpies ending successive windows in profit.

On the subject of PSR, the revenue distribution table also sheds further light on anchoring, the financial system Premier League clubs are currently trialling, which would allow top-flight sides to spend five times the amount the 20th-placed club receives in TV and prize money.

The Premier League have revealed that bottom of the table Sheffield United took home £109.7m last year. With that in mind, clubs would, theoretically, have a £548.5m ceiling albeit it is important to note that top flight-sides will also have to comply with squad cost rules. These concurrent regulations limit on-pitch spending to 80% of revenue and net profit/loss on player sales for those sides who are not in Europe and 70% for those clubs competing in Europe as per UEFA's rules.

Although Newcastle have been working to UEFA's separate regulations, anyway, which restrict spending to 70% of revenue from next season, anchoring could potentially level the playing field a little as there would be a universal spending limit in place regardless of a club's commercial income. The Professional Footballers’ Association (PFA), however, have threatened legal action if the Premier League attempt to introduce a hard salary cap next season.