Sandro Tonali is set to move from Newcastle United to Tottenham in a deal worth up to £100m. Newcastle United FC now faces the kind of sale that can reshape a summer, because the club needs funds to reinvest while staying inside Premier League and Uefa rules.
Tonali and Gordon
Tonali was part of the Newcastle United side that ended a 70-year wait for a major domestic trophy by winning the Carabao Cup in 2025, alongside Anthony Gordon. Yet the club has still moved toward selling top value rather than holding every asset, and this deal sits at the centre of that shift.
The numbers explain why. Newcastle United sold Elliot Anderson to Nottingham Forest in 2024 to avoid a breach of profit and sustainability rule, while Anthony Gordon completed a £69m switch to Barcelona before the window even opened. Alexander Isak then pushed to join Liverpool for a British record £125m last summer, leaving the squad’s biggest names tied to the club’s need to keep spending room open.
Premier League and Uefa
Newcastle United said this week that it was committed to full ongoing compliance as part of a settlement with Uefa following a breach of its financial sustainability regulations. That leaves a narrower path than a simple sales ledger would suggest. The Premier League's separate squad-cost ratio regulations allow clubs not competing in Uefa competitions to spend upwards of 85% of their football-related revenue and net profit or loss from player sales, but Uefa's rules restrict clubs competing in Europe to a 70% spend over a three-year period.
That difference matters because Newcastle United may theoretically be able to spend more outside Europe, but senior figures warned that spending heavily could still create a damaging future breach if the club qualifies for Europe. The Tonali fee therefore is not just exit money. It is the money the club must turn into reinvestment without creating a problem it cannot unwind later.
Newcastle United
For supporters, the immediate change is simple: Tonali is on the way out, and Tottenham are ready to pay a fee that could reach £100m. For Newcastle United, the harder task is deciding how to use that room, because the club’s sales of Gordon and Tonali were always going to be crucial to significant summer reinvestment. How exactly Newcastle United plans to deploy that money is the next step that now carries the weight.
