Financial Results Show Newcastle Make Healthy Profit

Newcastle United announced their financial results today and they are very good – much better than the form of the team on the field has been this year – but these results will do nothing for the pain the fans are going through at the moment.

Fans do not want to see great financial results when the club will probably be a Championship club next season – what’s the point of that?

The results are for the year ending June 30, 2015 and the profit after tax was a very healthy one at £32.4m and that’s close to double what it was last year – £18.7M.

That could well be Newcastle’s biggest profit ever.

nufc emblem

The revenue was slightly down on the previous year being at £128.8M compared to £129.7M last year – so that was disappointing, but if the club remains in the Premier League they will go up by about £60M in the financial year through June 30th, 2017.

That’s unlikely to happen however.

The wages were also low and were only 60.3% in the previous year but down to 50.5% in this last financial year – about £64.7M.

The Newcastle debt to owner Mike Ashley remains at £129M – it’s an interest free loan.

The club had £48.3M in the bank on June 30th – the last day of the financial year but since then we have spent over £80M on players although we will also get around £80M from the Premier League next month.

Here are the main financial results as listed by the club on their web-site.

2015 financial results

It’s a crying shame that Newcastle could be in the English second division next season.

7 comments so far

  • FrankfurtMag

    Apr 6, 2016 at 12:37 PM

    Comment #1

    We’ll need it in the Championship. Good news for once. 😀

  • Munster Mag

    Apr 6, 2016 at 12:46 PM

    Comment #2

    Ashley still allocated 80 mill and we wasted much of it. I wonder what leicester/watford/ Southampton would have done with that. Javing said that, the players of higher potential ( eg wiji) have shown that they simply lack the drive to become top players

  • Ibizatoon

    Apr 6, 2016 at 12:48 PM

    Comment #3

    What a welcome relief. I had forgotten what being a Toon fan was all about recently.

    Money, money, moooneyy….MONEY!

    Just going to crack open some champagne.

  • martoon

    Apr 6, 2016 at 12:51 PM

    Comment #4

    Toon kk – you called? 🙂
    Up until the Norwich game I was sure we could stay up. However now I don’t think so – we have 7 games left, Southampton, Liverpool away & Man City at home I think we’ll lose so therefore we probably have to win the other 4 games which I think is unlikely especially the final game at home against Spurs.
    I actually think with our squad we should be mid-table but for whatever reason no manager seems to be able to get them to play to their full potential – maybe they are just lazy, mercenary b*st*rds – I just don’t know.

  • Jail for Ashley

    Apr 6, 2016 at 1:00 PM

    Comment #5

    That financial stability malarky goes right out the window when you take the tv money away

  • giimps

    Apr 6, 2016 at 2:16 PM

    Comment #6

    Strange how we had 48m in the bank, we make 32m profit and Ashley “releases” 80m to buy players with…….so basically ,the players we have are all paid for, we have spent the money earned up till 2015 so we’re on a clean slate with probably £50m worth of players to sell when we go down, a load of deadwood will be despatched and hopefully we will have mitro, Dejong and Adam Armstrong to tear into championship defences……unfortunately our league 2 defence will concede more than we score

  • magpie_in_ohio

    Apr 6, 2016 at 2:30 PM

    Comment #7

    As much as I’d like to see the team stave off relegation I must admit that knowing Ashley will miss out on the huge tv payoff makes me smile….


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