Alexander Isak is expected to remain at Newcastle this summer as the club’s Saudi Arabian ownership emphasise their determination to surmount the difficulties presented by Premier League spending rules.

As Darren Eales, Newcastle’s chief executive, announced a broadly positive set of 2023-24 accounts he said the club’s progress was being slowed appreciably by the profitability and sustainability rules that allow teams to post collective losses of up to £105m over a three-year cycle.

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