Newcastle United Will Be Much Easier To Sell Now

In the last financial year Newcastle made a good £9.9M profit on revenues of around £95M, and there’s every chance that at the end of this month, when the current financial year finishes, Newcastle will have their highest revenues and highest profits in the history of the club.

laughing mike ashley

Mike Ashley – will not spend the money available

In the last financial year we got around £45M from the Premier League for finishing 16th, and last month we received a massive £79.5M for finishing 10th with the new three year deal –  so there’s an increase of about £35M.

And that should be a straight addition to both the revenues and the profits, assuming our costs are about the same as last year.

And we also have extra revenue and profit from the new four year Wonga deal, which we are told is the best ever strips deal Newcastle have had – and in the Fans Forum meetings we were told the commercial revenue is at last starting to tick up a bit at the club.

So from what we can tell Newcastle could have around £130M in revenue and as much as £50M in profit when the financial figures for 2013-2014 are finally released.

Mike Ashley will need around £300M if he sells Newcastle to get his money back – and that £300M includes the £129M Newcastle have in interest-free loans from the Billionaire.

But that has to be offset by the millions in free advertising the owner gets from all the Sports Direct signs that adorn the stadium.

But with the likelihood that Newcastle will be making big money from the new Premier League TV deal for the next several years, it makes Newcastle United a much better financial proposition than it was only a year ago.

Mike Ashley has owned the club for seven years – and while he has done very well to get the financial picture into great shape, he doesn’t seem to be willing to keep the traditions of the club of the last 20 years – which are to have a top side challenging for a top six position in the Premier League.

If he would only spend the money we could build up a very good side – and quickly too.

But as long as he refuses to do that – we live in hope that some rich Billionaire out there can come in with a bid that will buy out the English Retail Tycoon, and put Newcastle back on the right track again.

There’s always hope.

That’s true, isn’t it?

Comments welcome.

14 comments so far

  • BuckLuck

    Jun 20, 2014 at 9:06 AM

    Comment #1

    When it comes to Ashley I hope a lot of things 🙂
    Him doing the right thing with Newcastle as owner is not one of them. That hope has faded.

  • hitman

    Jun 20, 2014 at 9:07 AM

    Comment #2

    live in hope ed.its been a total nightmare from the moment this slug slitherd into toon.

  • SuperShearer

    Jun 20, 2014 at 9:08 AM

    Comment #3

    Ed, admittedly I’m not business savvy, but would it not be correct in assuming that the more profit a company makes the higher the asking price of said company also rises? Therefore would MA really settle for that £300 mil now? I suspect he would tell any potential buyer that the price has risen as a result of the successful revenue turnover.

  • Rotonda heights

    Jun 20, 2014 at 9:15 AM

    Comment #4

    not when you’ve got a greedy bastard who keeps upping the price

  • 70TWO

    Jun 20, 2014 at 9:21 AM

    Comment #5


  • ToonMatt

    Jun 20, 2014 at 9:21 AM

    Comment #6

    I can’t wait for the day this parasite sells up, I really do hate him with a passion.

  • Average_Contents

    Jun 20, 2014 at 9:22 AM

    Comment #7

    Our costs should be the same but fatty’s on the board now so there’s extra and of course the non-descript payments to SD like last year that no one knows what it’s for and of course the massive black hole where money disappears into. Come on ed you should know better!

    For all the fatty backers out there can you answer me this?

    If the operating costs of the club are near enough the same which they should be as we have had no mass influx of player’s or no extra overhead costs, coupled with the fact we’ve got 35m extra from tv, that 95m + 35m + 20m for cabs works out at 150m before anything is taken off, of which 130m is pure income, why are we not buying any player’s?

  • Lee Dodd

    Jun 20, 2014 at 12:41 PM

    Comment #8

    What we need is Ashley to buy Rangers he can’t own 2 clubs so He sells Newcastle united… New Owners Sack Pardew Get Keegan Back and Buy some Attacking Players !!!

  • boltonmagpie

    Jun 20, 2014 at 1:50 PM

    Comment #9

    Why would anyone want to pay 300m for a club that is only trying to finish 10th and not win a trophy. NUFC was beginning to get some global clout under Keegan and Robson. We played exciting football and n many cases were most fans 2nd teams (excepting Sunderland of course!!). Now we are just also-rans.
    Potential billionaire owners can find cheaper pickings elsewhere For exanple, Everton have a better squad and would probably cost much less to buy so investment in players to take them to the next level would be significantly less than the levels required at NUFC.
    Our current policy leaves us open to doing a “Villa”.

  • Davies

    Jun 20, 2014 at 5:50 PM

    Comment #10

    I sincerely hope that’s a joke about bringing Keegan back, LD.

    Boltonmag – at £300m, I’m pretty sure a new owner would bring his/her/their own ambition.

    Still no signings?

    Oh well. The wait goes on.

  • ToonFromLeeds

    Jun 20, 2014 at 8:23 PM

    Comment #11

    We need an Arab to buy us

  • Malta Mag

    Jun 21, 2014 at 5:57 AM

    Comment #12

    It’s funny how an article that clearly states the club is in its best financial state ever, gets nothing but negative, derogatory comments. I’ve said it once but I’ll repeat myself, I’m no huge Ashley fan but let’s go back 25 years to the days of McKeag or further back to the days of Seymour and ask yourself where you’d rather be. Maybe just maybe, Ashley has a long term plan to stabilize the club then slowly work our way forward where we could be challenging the top four? Maybe just maybe, Ashley is far cleverer than all of us and sees the picture as it really is and that all the positive sound bites coming from behind the scenes who know the real score and are not staring in from the outside could be the real truth? I have decided to be patient and see where this journey is taking us. It’s so easy to criticise but the facts are we are financially secure and a very viable proposition for any potential buyers should Ashley wish to sell.

  • HBA Must Stay

    Jun 21, 2014 at 9:06 AM

    Comment #13

    Malta Mag your an utter Moron! Ashley has done great for this club the last 5 years hasn’t he????

  • Malta Mag

    Jun 21, 2014 at 12:26 PM

    Comment #14

    Don’t like your tone mate. If you don’t agree then argue the point. I’m big enough and ugly enough to have an opinion. I may live over here on the rock but I watch every single game live and get back to watch the lads twice a year. I was a season ticket holder for years and travelled all over the country to support them. I have the tattoos to show my loyalty and started the NUFC supporters club back in 1995 here in Malta so my opinion counts mate whether you agree or not. If you’d actually bothered to read the message I wasn’t defending Ashley simply being Devils advocate and giving another opinion, posing the question if you like. If you disagree, fine but calling me a moron? Out of order pal!!


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