Newcastle sent ‘overspending’ transfer warning after Chris Wood and Kieran Trippier revealed

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The arrival of Chris Wood and Kieran Trippier was not enough to see Newcastle take all three points against compatriot Watford.

Now they have been warned not to spend too much thinking about relegation.

The Dail Mail that Trippier has been given a £100,000-a-week contract, while Wood is expected to bring in £80,000-a-week.

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Football finance expert Dr Dan Plumley claims the Magpies could lose £60million in revenue overnight if they are relegated to the Championship.

“You have to balance wages with the risk of relegation,” he told Football Insider.

“Relegation would mean a £60m cut in revenue overnight. Even if you finish bottom, the TV payout is £100m for the season.

“Your parachute payment for this first season after relegation is around £40m.

“Yes, they have money to spend and they are fine with FFP. They have an ownership structure that can spend whatever they want at any time.

“But broadcast payment falls off a cliff after relegation. If you don’t get up quickly, you lose your parachute payments and that’s even worse.

“The short-term goal is to stay in the Premier League but you have to balance that with what happens if you get relegated.

“That’s where the salary structure comes in. You can’t just throw it all in there because of that risk.

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