Newcastle Get Good Press In Latest Deloitte Report


A report from accountancy firm Deloitte has just been released, and Newcastle United are getting some good press.

Mike Ashley – Newcastle United owner

Newcastle were relegated from the Premier League in May of 2009, and in the following season, the Championship experienced an increase in both crowds and revenue, almost completely due to Newcastle United being in the league.

Newcastle’s home crowds in the Championship were still the 4th biggest in England over that season, with the average attendance around 46,000, and higher than Sunderland got while playing in the Premier League.

And when Newcatsle were in the second division, those clubs saw their revenues increase by 9% to exceed £400M for the only time in their history.

Last season, when the Tyneside club was back in the Premier League, the Tyneside club also helped to boost the attendance and revenues of the Premier League.

One quote from the report by Deloitte, states:

“Average attendances for the Premier League in 2010/11 was up 3% to 35,363 per match, aided by the return of Newcastle United, with St James’ Park remaining the third largest stadium in English club football.”

The report also points out that Sunderland were one of the Premier League’s big spenders that year, and paid out a massive £37M on new signings – but they seem to have got precious little for that huge outlay in the transfer market.

Of course Manchester City spent the most, and paid out £138M in transfer fees – just how ridiculous can you get.

Sunderland’s revenues were £65M in the Premier League in 2009/10, but Newcastle’s revenue that same season dropped to £52M – almost a 50% drop,  because they were in the second tier of English football, and had significantly reduced TV revenues.

However, Newcastle’s revenue will have increased significantly last season,  and hopefully will be close to around £100M – the revenues were £99.4M in 2008-2009, the last time the club was part of England’s top tier.

The Deloitte report says that Newcastle have total debts of £288M, with the club owing Mike Ashley around £133M, and that’s a surprise that it’s so big.

However, that was all in the 2009-20010 season, and hopefully that debt will have come down since then.

A report in the Journal today is saying that a huge amount is owed to St James Holdings Ltd, whose main focus is investment in the club.

Mike Ashley owns that company and we’re pretty sure it was set up to initially buy Newcatsle United back in the summer of 2007.

Newcastle United yesterday chose not to comment on the Deloitte report.

The bottom line is that Newcastle have received some good publicity in the rport, and iit shows what  a massive club Newcastle United are – even if we haven’t won anything for 42 years.

But we didn’t realize Newcastle were in such debt. 🙁

Comments welcome.



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66 comments so far

  • Nufc_mo

    Jun 9, 2011 at 11:00 AM

    Comment #1

    1st.

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  • Nufc_mo

    Jun 9, 2011 at 11:01 AM

    Comment #2

    This is my favourite paragraph

    The report also points out that Sunderland were one of the Premier League’s big spenders that year, and paid out £37M on new signings – but they seem to have got precious little for that huge outlay in the transfer market.

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  • roshan MAGPIE

    Jun 9, 2011 at 11:03 AM

    Comment #3

    i also didnt realized we are in such debt and not even in european competition

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  • Shane Long aka perhaps some other sh!te

    Jun 9, 2011 at 11:06 AM

    Comment #4

    The only way we’ll ever claw that debt back, is over a period of about 100 years or, under new mega-rich owners, both of which are sad prospects.

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  • wardle106

    Jun 9, 2011 at 11:08 AM

    Comment #5

    i didnt know 20007 has happened
    “Mike Ashley owns that company and we’re pretty sure it was set up to initially buy Newcatsle United back in the summer of 20007.”

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  • Rotonda heights

    Jun 9, 2011 at 11:09 AM

    Comment #6
  • gorgonzola

    Jun 9, 2011 at 11:09 AM

    Comment #7

    Jesus just look at his faking face

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  • gorgonzola

    Jun 9, 2011 at 11:13 AM

    Comment #8

    it is Rotonda…

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  • Stuart

    Jun 9, 2011 at 11:16 AM

    Comment #9

    Good read that Rotonda. Wish most fans could see it that way.

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  • gorgonzola

    Jun 9, 2011 at 11:16 AM

    Comment #10

    In that light screw Gervingho if he is too expensive get WORKER players…i think they are invaluable… Keane from Man Utd comes to mind even though I hate him… But hard working diligent runner players….ppl like smith with his peroxided scum hair must go….

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  • Stuart

    Jun 9, 2011 at 11:19 AM

    Comment #11

    @gorgonzola

    If you go by that article I think we’re after players like Cabaye and Neil Taylor etc with release clauses or running out of contract so that we can go after Gervinho, and probably Zoggy.

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  • Solaidback

    Jun 9, 2011 at 11:24 AM

    Comment #12

    I think you’ll find that the debt includes the cost of buying the clubm, so you can take off at least £134m, so that would mean we’re about £154m in debt still but at least it’s all to the owner & not to banks & loan sharks like some clubs in the PL.. 🙂

    And before anyone says it, Ashley ain’t no loan-shark or he’d be charging us tonnes of interest…

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  • NUFC_Richyg01

    Jun 9, 2011 at 11:25 AM

    Comment #13

    Ed. As you say, that debt was for the 2009-2010 season.

    Things HAVE changed dramatically since then, with wage bill reduction, player sales, increased TV Revenue, Parachute Payments etc.

    I dont think our debt is anywhere near half of the figure they state.

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  • GeordieRob

    Jun 9, 2011 at 11:26 AM

    Comment #14

    Thanks Rotonda… good read.

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  • dubzy

    Jun 9, 2011 at 11:34 AM

    Comment #17

    in my book,i guess we better start finding sum investors instead of sell our best players,or for tha matter not even offering new contracts how sad r they

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  • rich

    Jun 9, 2011 at 11:34 AM

    Comment #18

    Rotonda heights

    The letter from Simon Bunker is a cracking read and absolutely correct imo.

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  • gorgonzola

    Jun 9, 2011 at 11:37 AM

    Comment #20

    Looks like Gervinho is history.

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  • WWJBD

    Jun 9, 2011 at 11:39 AM

    Comment #21

    gorgonzola
    Nar mate he is still present

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  • mr.T...iote

    Jun 9, 2011 at 11:41 AM

    Comment #22

    tbf good get nzogbia in ffs stop wasting time with players hu dnt wanna cum

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  • gorgonzola

    Jun 9, 2011 at 11:43 AM

    Comment #23

    I am really doubting it….. Lure of a bigger club might be too much…. Dont mind either way….

    we just need a worker striker up front…and we will be sorted…we will be ok…

    I must say, as I am writing on our blogs as of late, I would just like to say how much I love this club…

    I am no from Newcastle nor I am from UK. I have started watching the premiere league when i was living in South Africa and growing up there. Watching the mesmerizing king Kevs troops play a very non typical brit football at the time… no long balls but pitch play…

    Lovely to watch I just hope we get some good times and any trophy would be good even the carling cup….

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  • dubzy

    Jun 9, 2011 at 11:43 AM

    Comment #24

    gorgonzola-no surprise there it did state he wants to play in champs league,we will get stuck with buying players like s.long for 5mil,while teams already splashing out 15 /20mil on players

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  • hollandes

    Jun 9, 2011 at 11:44 AM

    Comment #25

    I know some won’t agree but I for one hope we don’t eventually push Ashley out. If he’s in it purely for some buck he’d stick around but I remember what Pardew said about how he’s at times questioned his involvement. Obviously if mega-money people come in who will invest, invest, invest FEEL FREE!

    The club is run so much better financially. I feel if Barton was offered a two year extension that is fair, one and a half good seasons does not deserve double in reward. Yes i absolutely want him to stay for spirit. But did anyone see what he retweeted when the news came out, someone sent him something along the lines of “after sticking with the club through relegation this is how you’re treated”… erm hello who went to prison again?! – that just struck me of arrogance, making me less angry at the club.

    When Ashley sold Carroll I was furious, and when the news came out about Wise’s involvements I was furious but still I think we sometimes as fans jump on a bandwagon too quickly. If you look at things from the middle ground they are not too bad. I am reserving judgement until September the 1st on our transfer policy. I remain glass half full with a little more perspective. Where would the club be now with Fat Fred involved?

    Definitely no Tiote, no Graham Carr, no Ben Arfa. Ok so we are a bit more of a selling club but if we sell for big bucks and then re-invest cleverly over time we’ll take more steps forward than we do back. And one day the crazy world of football finances will start to impact clubs more. I am glad that we are on what could be a steady upward curve IF the right signings and so on are made.

    If Nolan, Enrique and Barton do leave I won’t be jumping on the anti-board wagon. Give it a year, if performances are showing less fight and grit and we are struggling then YES they have made the wrong decision. But let’s wait and see how it folds out please before we shout some praise or raise hell.

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  • WWJBD

    Jun 9, 2011 at 11:44 AM

    Comment #26

    mr.T…iote
    Just because it isnt in the papers doesnt mean they arent trying behind the scenes.
    Insomnia keeps coming out saying he wants to come to NUFC (according to reports) if we werent talking to Wigan he wouldnt be talking about us imo

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  • WWJBD

    Jun 9, 2011 at 11:47 AM

    Comment #27

    No one knows where Gervinho is going

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  • NUFC_Richyg01

    Jun 9, 2011 at 11:47 AM

    Comment #28

    WTF….

    Football 365 running a poll to see if Arsenal should buy Barton…

    http://www.football365.com/mailbox/story/0,17033,8744_6972929,00.html

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  • NUFC_Richyg01

    Jun 9, 2011 at 11:49 AM

    Comment #29

    @ hollandes // Jun 9, 2011 at 11:44 AM

    I whole heartedly agree with you.

    And as an addition to your great post I would like to add:

    I think that the reason behind whats going on with Nolan and Barton, Smith etc is pretty simple and not really anything synical by the management team.

    Each EPL club has to submit a 25 man squad list after each transfer window, that list is made up of:
    > No More than 17 non-homegrown players.
    > Remainder of the 25 made up of homegrown players.

    >U21 players do not need to be named in the 25 man squad.

    I think that the management are thinking that if we are to bring players in then some players may need to drop out of the 25 man list, so why continue paying their inflated salaries, so target the highest earners first.

    Last season we had a squad list of 23 Players, so that leaves space for only 2 new additions. (Less Campbell, Routledge & Smith (if he goes) that only leaves 5 spaces)

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  • gorskino10

    Jun 9, 2011 at 11:52 AM

    Comment #30

    Looks true Gargonzola but they have outlined other players from Carr and his teams scouting we could get another suprise like Cabaye.

    At the moment and the price we are quoted with for either him or NZog is just too expensive over 10/12M is a little steap we could buy very good wingers for 6/8M save a few mill to put on the Striker (s)

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  • Geordiedoonsooth

    Jun 9, 2011 at 11:56 AM

    Comment #31

    The debt in 2009 to Newcastle United Holdings includes the money top buy the club. It is a holding company set up by Fat Tw*t so as we already new all the debt we are in is owned to Fat Tw*t no one else and for all his faults at least he isn’t charging us interest and will only recover the money when/if he sells the club. So this isn’t bad news I would expect that with the PL money & Carroll’s sale we probably had a turnover around £130m last season. If he invests in decent players this summer we might just might be in decent shape next season.

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  • geordiescamp

    Jun 9, 2011 at 11:57 AM

    Comment #32

    yep great article\letter – couldnt agree more – Nolan only has 2years left at the level we require, and Barton has 1 good season. if they go they go – we need to move on. This club will be very healthy state at this rate by the time uefa new rules come in. HTL

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  • mr.T...iote

    Jun 9, 2011 at 11:57 AM

    Comment #33

    a hope we are working on gettn zoggy, i reckon with 2 other french internationals hed behave better n if we cud do a cash + fringe player (smith guthrie routy or even ranger) then we shud get him asap lol n av sed it all along,,, id love if we got shane long

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  • geoff777

    Jun 9, 2011 at 11:57 AM

    Comment #34

    Where did all that debt come from?

    I thought it was only 133M owed to Ashley.
    So where did that other 155M come from?

    Anyone got an explanation?

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  • Geordiedoonsooth

    Jun 9, 2011 at 11:57 AM

    Comment #35

    Sorry meant St James’ Holdings

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  • Geordiedoonsooth

    Jun 9, 2011 at 12:00 PM

    Comment #36

    geoff777 it’s money that Ashley has put in to keep the club running when we were in the Championship. Don’t panic as I explained it’s all owed to Ashley this is old very old news. There is no debt on Newcastle United apart from what is owed to Ashley unlike some other clubs. How much do you think Chelsea are in debt to Abramovich?

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  • Angryman the Angry fan

    Jun 9, 2011 at 12:03 PM

    Comment #37

    geoff777
    The Fat maggot apologists who come on here saying he is doing a great job running our club like a business………and hark on about balancing the books!!

    He’s had 5 years…..5 long years….his incompetent running of our football club shines through, just by looking at the proof in the pudding……..

    Our debt isnt getting any better, its getting worse!!

    Incompetent morons!!

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  • geoff777

    Jun 9, 2011 at 12:04 PM

    Comment #38

    @Geordiedoonsooth

    Thought the 133M was the money Ashley put in?

    The 155M is news to me and I’m on NUFC sites most days.

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  • mr.T...iote

    Jun 9, 2011 at 12:05 PM

    Comment #39

    angryman that of our champo season m8 we were bound to lose muney

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  • WWJBD

    Jun 9, 2011 at 12:06 PM

    Comment #40

    geoff777
    Someone said it was what he spent buying the club and the loans he has put in making the £288 million debt

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