Newcastle suffered a decline in revenues for last season – specifically for the financial year June 1st 2012 though June 230 2013, and our revenue was €111.9M (£91.7M) compared to €115.3 (£94.5M) in the previous financial year – that’s a drop of £2.8M.
The new Deloitte Football Money League for 2014 is out and the reduced revenue has caused Newcastle to drop out of the top 20, where we were once in number 13 position when Freddie Shepherd was running the club,
And that’s what happens when you have a slip in the Premier League and it seems the amount we were paid for finishing 16th last season compared to 5th the season before was not offset by the revenues we took in from the Europa League when we reached the quarter-finals.
Notice in the prize money given out for last year we would have received another £8.3M if he had finished 5th rather than 16th in the league last season.
We are now in 25th position in the table but watch for the revenues to take a huge upturn for the next financial year with the average increase of funds from the Premier League being around £30M – due to the new Premier League agreement.
And at to that the fact that Newcastle are very likely to finish in the top wight being 5 points ahead of Southampton in 9th place and 12 points ahead of Aston Villa in 10th place.
And add to that the increased revenue we’ll be getting from the new Wonga deal and certainly in the next financial year we could be close to £130M or more – and that would be around £30M more than we’ve ever made in our history.
The English clubs should also be able to move up the table because of the increased revenue being paid out next May by the Premier League, with every position now being worth around £2M compared to £800K last year.
It’s a case of bad news good news – but that’s why Mike Ashley and company have the Premier League as the number one priority every year.
Once I get a chance to look at the new numbers more closely, I may bring out another article on this.
Note: There is a special MJK Sports event coming up like we’d like to publicize. On May 9th there will be an evening with Kevin Keegan at the Lancastrian suite in Gateshead. You can get the details about the event and buy your tickers here.
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