Newcastle United have received a big financial boost in the news that the Premier League has agreed to roll over its existing television deal with broadcasters.

The new deal with Sky Sports, BT Sport, Amazon Prime Video and BBC Sport will run for a further three years from 2022 to 2025.

The Premier League say that the renewals will provide financial certainty to professional clubs and also enables an additional £100m of funding to be provided to clubs throughout the football pyramid over the next four years.

With the COVID-19 pandemic hitting the budgets of clubs across the country, the news will prove to be well timed with a summer of movement expected at St James Park. 

Premier League chief executive Richard Masters said: "We would like to express our gratitude to our broadcast partners for their continued commitment to the Premier League and support for the football pyramid.

"Covid-19 has had a significant impact on football, and renewals with our UK broadcast partners will reduce uncertainty, generate stability and promote confidence within the football pyramid."

Meanwhile, Magpies striker Andy Carroll is set to depart as a free agent when his latest short-term contract expires next month.

Fellow striker Dwight Gayle has been offered a new deal, but the fact he is yet to sign it suggests the terms of Newcastle’s offer are markedly less lucrative than his current agreement.