There are ways round FFP TBH as Man City have proved it time and again, not that I want ways round FFP anyway. Look at Everton they have spend almost £500m and have only been troubled by FFP rules this year.
Newcastle are profitable but still basically have no commercial income because sports direct is plastered all over the stadium, which can now be grown with new sponsorship which I’m sure will pay more than £1m a year SD is currently paying (well below the current going rate for a PL club) I don’t want Newcastle to cheat the system, TBH I would prefer us to follow the Leicester model and build properly, it’s going to be nice to actually go into a season with a little bit of hope again with the ability to try for a cup run instead of the mandate from the owners to finish at least 17th and get out of the cups as soon as possible.