New rules limiting how much agents can earn from transfers could save Newcastle over £1m a season.
FIFA is set to approve new proposals today which will limit the amount of money agents can earn from transfers.
Agent commissions are expected to be capped at 3% for clubs that are buying and 6% for those that are selling, according to a report in the New York Times.
Newcastle spent a whopping £27.3m on agent fees between 2015/16 and 2018/19 - the only seasons for which data is available.
That works out as 8% of the amount coming in and out of the club in transfer fees.
It’s not possible to say how much of the agent fees were from buying or selling players, but had they been capped at the upper level of 6% then the club would only have had to pay agents just £20.6m.
That’s a saving of £6.7m over four seasons, or £1.7m a season.
Agent fees between 2015/16 and 2018/19
Club – net total paid to Agents/Intermediaries
Liverpool £91,054,434
Manchester City £79,765,148
Chelsea £79,259,996
Manchester United £67,785,834
Everton £36,725,416
Arsenal £35,034,469
West Ham United £34,980,267
Watford £31,360,029
Leicester City £28,934,561
Tottenham Hotspur £28,045,548
Newcastle United £27,265,472
AFC Bournemouth £26,896,389
Stoke City £20,661,248
Crystal Palace £20,345,966
Southampton £19,568,697
Swansea City £17,690,417
Aston Villa £15,998,231
West Bromwich Albion £15,842,484
Brighton & Hove Albion £12,985,740
Fulham £12,264,572