Newcastle To Announce Profit For First Time In Ashley Era

Newcastle United are about to announce the results of their financial year through last June 30th, and as expected, it seems like the club will be in the black for the first time in a long time.

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Mike Ashley – has the club on a stable financial footing

But the announcement of a profit will not change the way players are brought into the club – or how the club is run – and the profits will be ploughed back into the club, according to Managing Director Derek LLambias.

But gone are the days when Newcastle will go out and pay ridiculous fees on players, and offer them huge wages – and Newcastle did that far too many times under former Chairman Freddy Shepherd – and the club was left with a number of significant failures in the transfer market.

In the last financial year that has been announced through June 30th of 2011 Newcastle announced a loss of £3.9M on revenues of £88.4, and the year before that – when we were in the Championship we lost £33.5M on revenues of just £52.4M.

Newcastle’s revenues for the last financial year through last June were just short of £100M, but we had those levels of revenues when Freddy Shepherd managed the club, which is why there is a push to increase the revenues , and supposedly the new Wonga deal is the best shirt deal the club has ever had.

And if we keep in the Premier League there’s some big money to be made off the new £4B TV deal, and while the club have done well in the Europa League this season, there’s not too much money to be made in that competition.

Newcastle will make €450K for reaching the quarter-finals, along with a share of the gate money for the two games, and if we actually win the competition there’s a €5M check waiting.

But that’s chicken feed compared to the Champions League where the prize money is almost six times as much.

It will be interesting to see just how much profit the club have made, but certainly in the last three years or so, the financial position at Newcastle in has improved dramatically, and it will be the first profit in Mike Ashley’s time at the club – after recording losses of £34.1M, £37.7M, £33.5M and £3.9M in his first four years at the club..

It even looks like Newcastle now know what they are doing – which is a little scary. 😀

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15 comments so far

  • Tsunki

    Mar 26, 2013 at 10:08 AM

    Comment #1

    Ajcrawfs – following your post re nufc finances, its no surprise really, plus the cash windfall of minimum £60 m bandied about expect the january window to be eclipsed by a surprising summer transfer influx. I expect a clearout and some really good signings so watch that space. We have to do this just to stay in the game so if NUFC and Ashley want Europe to be a constant feature it will be a huge summer mark my words.

  • lesh

    Mar 26, 2013 at 10:14 AM

    Comment #2

    Just hope we stay up to benefit from increased perm revenues though.

  • unicorn toon

    Mar 26, 2013 at 10:21 AM

    Comment #3

    At last , the club is been run really well at the moment, just hope we get a good result sat and we can really have a good go at benfica without the fear of needing to rest players for premier league points

  • toonarmydownsouth

    Mar 26, 2013 at 10:23 AM

    Comment #4

    Good news! Plenty of cash in the transfer kitty 😉

    On the previous article
    Perhaps the correct decision to drop Halsey, hope they have done the same with the rest of the officials on duty that day, but once again the FA showing themselves to be absolute fcuking idiots, they can punish carver, they punish the officials but still don’t punish the incident because of some stupid rule despite having the authority to retrospectively

  • Spoof

    Mar 26, 2013 at 10:26 AM

    Comment #5

    The above figures are operating costs only, they do not include player sales and player purchases, and they also don’t include lost revenue due to Sports Direct selling Newcastle United merchandise or a lack of advertising revenue which the club have not received for advertising Sports Direct, so the actual loss the club have made is far less than what the above figures lead you into believing.
    But all the same, better finances do make for a better club, so it is good news

  • Lilongwe Geordie

    Mar 26, 2013 at 10:29 AM

    Comment #6

    The club is being run well, but to continue to grow both on and off the pitch we need to have learnt from the mistakes that have been made last summer, and in all the years since Ashley’s arrival. Youth recruitment and coaching is one area where there has been no evidence of improvement so far, although hopefully Mbabu is the start of the recruitment side. Development of young talent needs a good re think by the club.

    On the Halsey issue, death threats are ludicrous. Dropping him from the premier league is more to protect him from the media spotlight than a punishment. I don’t see any real reason why Halsey should be punished. He couldn’t see the incident as his view was blocked, he apologised post match and said had he seen it it would have been a red. His linesman should however be punished, as if he saw it and did nothing then he is clueless on some key rules of football.

  • bills-son

    Mar 26, 2013 at 10:32 AM

    Comment #7

    If Halsey is being punished by the FA (he may always have been scheduled to take a Champs game this weekend) I think it is more likely to be for missing the handball than the tackle.

    Halsey has an excuse that his view of the tackle was blocked but how he and the other two officials missed a blatant handball is beyond belief. The guy had his hand way above his head and the flight of the ball changed when he touched it. Missing that DEFINITELY influenced the game and directly led to the goal that lost us the game.

    There was absolutely no excuse for Halsey missing the handball. None.

  • Assam Toon

    Mar 26, 2013 at 10:34 AM

    Comment #8

    As more and more players earn crazy money, it will lead to players jumping ships more frequently. World class players WILL travel 5-6 clubs in their career, crazy rich owners will make sure of that. So we will be left with, with all due respect and admiration, harpers and ameobis. its very reassuring to know that we are not going the pompey way anytime soon though, that’s a big boost.

  • terencelim

    Mar 26, 2013 at 10:38 AM

    Comment #9

    About the Halsey’s issue. I think “view blocked” is just an ridiculous excuse.

  • bills-son

    Mar 26, 2013 at 10:49 AM

    Comment #10

    terencelim – its not a ridiculous excuse if Halsey says his view was blocked – it clearly was from the TV replay. A ref can’t possibly always see everything and you hope that if he misses something the linesmen see it.

    However, the handball was totally different issue. Halsey was only 12/15 metres from a corner ball that was in the air and which changed flight when it was clearly handled by a guy with his hand way above his head. How he and both linesmen missed the handball is beyond beief – every Toon player in the box had there hands up appealing yet Halsey and his linesmen didn’t see it??

  • Spoof

    Mar 26, 2013 at 10:53 AM

    Comment #11

    How is a blocked view a ridiculous excuse, if you don’t see it, you don’t see it, at least he has done what most ref’s cower away from doing, he has spoke about it and admitted that McManaman should have been sent off, which is the strongest indication that you will ever get that he actually feels that his linesman let him down, which is the case, critisize the ref for the handball for their second goal by all means, but not the tackle, that was the linesman and Halsey has in a roundabout way said as much

  • ichrisho

    Mar 26, 2013 at 11:02 AM

    Comment #12

    Guys – the Ref got demoted to Ligue One for Jaysus sake… Leave it – his carrerr is over and Hiadara’s isn’t… 🙂 Happt days for Toon Fans… lets leave it now…

  • Charlietoon

    Mar 26, 2013 at 4:34 PM

    Comment #13

    I think it is absolutely shocking he has been used as a scapegoat. His view was blocked by one of our players running across his path and admitted he would have given him red….what more can he do?? The linesman who saw it and did nothing is the one who should be demoted, and the guy on the other side should go for missing the handball but for the FA to wield their power on this and not the actual violator is pathetic.

  • one Tony Green

    Mar 26, 2013 at 4:47 PM

    Comment #14

    Spoof how do you know that the club receives no money from Sports Direct?Do you work for the club or are you just guessing?
    The bottom line lads is MA owns the club so can do what he wants but having seen Coventry go into admin today glad we do run a tight ship.

  • wynsleap

    Mar 26, 2013 at 6:07 PM

    Comment #15

    The days of huge transfer fees for players should be over, you say Ed.
    If that were the case some time ago we would never have paid a world record fee for Alan Shearer and been rewarded with over 200 goals, a club record and millions of memories.
    Unfortunately, unlike our club, things aren’t just black and white when it comes to recruitment. If the ambition is there plus the talent to pick the right player at whatever the price may be there could be monumental returns.
    Unfortunately we’ve had dross management buying dross players for too long.
    Keegan knew a player and some of his signings weren’t cheap at the time but boy could they play and nearly won us the Premiership.
    “Gone are the days when we paid ridiculous fees and high wages for players, Ed?” Depends on who’s doing the hiring I’d think.


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