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Newcastle’s Financials Are Healthy – Potential Buyers Take Note


Newcastle United have released their financial accounts for the 2017/2018 fiscal year which goes from July 1st, 2017 through June 30, 2018.

Newcastle’s revenue was £178.5M – the highest ever – due in the main to getting around £123M from the Premier League for last season when we finished 10th.

In the Championship we earned only £85.7M in revenue – which is why clubs are desperate to make it to the Premier League.

The profit is a very decent at £19M and Ashley and company were cautious with the money during that time so Newcastle’s accounts will look good for any potential buyer.

But the team suffered for it, and we fought against relegation last season before pulling away and finishing in 10th place.

We will not finish as high this season.

Lee Charnley – Newcastle Managing Director

The club are saying we are now in a healthy financial position – again a message to would-be buyers.

The £93.6M wage bill is only the 14th highest in the Premier League and fell during the year.

But some players are not being used much by Rafa and are still earning high wages at Newcastle – and that should change this summer.

Managing Director Lee Charnley had this to say about the financial results:

“A 10th placed finish in our first season back in the Premier League was a fantastic achievement and I would like to thank everyone connected to the club – staff, players, and fans – for their collective efforts.”

“The significant increase in revenue, together with prudent financial management, resulted in the club showing a profit and that is reassuring, given the substantial loss in the previous year.”

“There is much more work to be done but these financial results give the club a strong platform on which to build.”

“We all want to see the club improve and be competitive at every level, and in every competition.”

“We are convinced that the best route to achieving this is to do so sustainably, spending on young development players and adding high quality to the first team squad each season.”

“Players that can really make the difference and improve the team – without risking the financial health and the stability of the club.”

“We strongly believe that consistently doing the above, and robustly following this policy, will give us the best chance of achieving our shared ambitions.”

We’ll take a deeper dive into the results tomorrow, but it’s clear that spending was restricted to make our financials look attractive to potential buyers.

How Will Newcastle Fare Against Southampton?

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Comments welcome.


147 comments so far

  • toon22

    Apr 18, 2019 at 8:19 PM

    Comment #1

    The clubs making MA money and giving him free adverts for his tat shops

    Lets just stop pretending he will ever sell us

    Our only real chance of ever seeing the back of him is the HMRC

    16
  • toon22

    Apr 18, 2019 at 8:20 PM

    Comment #2

    You really think he will ever walk away from that 100million / year ?
    From a company thats making him money

    And still some people defend the guy on this blog.

    17
  • Average_Contents

    Apr 18, 2019 at 8:23 PM

    Comment #3

    Thanks Ron, definitely do it now.

    Mr Tuff

    Got mine the other week, lasts a year so if we like it we’ll go back.

    Nymag

    Nope, my brain hurts reading penfolds guff. I literally can’t get my head around the sheer incompetence and bullheadedness of it all.

    Bellends!

    8
  • toon22

    Apr 18, 2019 at 8:30 PM

    Comment #4

    I doubt a single word from the club has been the truth for the last 11 years
    Every year its the same lies
    All meant to hide the fact our owner wants to bleed the club dry

    He hasnt shown any other interest in us other than what he can take from the club

    Some people who post here seem fine with the whole thing

    😉

    14
  • toon22

    Apr 18, 2019 at 8:31 PM

    Comment #5

    Cant wait till the summer
    When Mr Bishop trys to smooth over Rafa leaving due to MAs greed

    https://www.thesun.co.uk/wp-content/uploads/2018/10/NINTCHDBPICT000439129851.jpg?strip=all&w=960

    12
  • Mister Tuff

    Apr 18, 2019 at 8:35 PM

    Comment #6

    Average – I waited until the extra 2600 Post Offices were authorised to provide the IDP’s. The new ones last 3 years. The wife at the local PO made some errors so I had to take it back and get a new one.
    As for the toll roads – always try to avoid them but this year I probably cannot. Considered getting a transponder but one outfit (in the UK) were after something like £60- £70 for one.
    So after reading up a bit on the Vinci toll roads and understanding the correct lane to get into pretty confident of not getting stuck.

    We are going to the Loire valley – whereabouts are you off to.

    2
  • Average_Contents

    Apr 18, 2019 at 8:53 PM

    Comment #7

    Mr Tuff

    You are correct, I was thinking of my insurance documents which last a year.

    We were meant to be going to a place just north east of Paris (can’t remember the name) last week but had to swap it due to work so going to Normandy instead.

    Haven’t even looked at my route yet. Very unlike me, oops.

    Transponder?

    3
  • Jail for Ashley

    Apr 18, 2019 at 9:02 PM

    Comment #8

    You just wouldn’t get sick of punching that face!!!

    4
  • jazzyp

    Apr 18, 2019 at 9:05 PM

    Comment #9

    So basically the same spin as last season eh lads.Sustainable spending for another relegation fight, Or to push on and actually try and achieve something.

    I will edge my bets towards the first me thinks

    8
  • Mister Tuff

    Apr 18, 2019 at 9:07 PM

    Comment #10

    It is the device you get which you fit to your car – then sends radio signal at the toll booth – drive straight through and they bill you later.

    We were going to do a day trip to Paris on the TGV and go to Notre Dame – last went there in 67.
    Got the accommodation and flights booked but not the transport.

    1
  • Jail for Ashley

    Apr 18, 2019 at 9:08 PM

    Comment #11

    This is doing the rounds on twitter, Lee Churnley has actually said this.
    “In my experience, has a player turned round and said I’m not signing for Newcastle United because of your training facilities? No. Did it stop us getting promoted out of the Championship, did it stop us finishing tenth, did it stop us having a good season this season? No.

    7
  • Ron Knee

    Apr 18, 2019 at 9:12 PM

    Comment #12

    “did it stop us having a good season this season…”

    In other words, a successful season is not getting relegated.

    12
  • Ron Knee

    Apr 18, 2019 at 9:14 PM

    Comment #13

    4-3!

    0
  • jazzyp

    Apr 18, 2019 at 9:28 PM

    Comment #14

    Well I would say Rafa is defo gone now if that is all Charnley can muster at the end of another great season in the Pl. Us fans cannot wait for another challenge to avoid relegation next season.

    Roll up roll up…Come and buy ya St’s before the clamour to buy em starts

    4
  • Genjikai

    Apr 18, 2019 at 9:31 PM

    Comment #15

    Sorry off topic but why wont my gravatar change? Anyone help?

    1
  • Genjikai

    Apr 18, 2019 at 9:31 PM

    Comment #16

    Got it carry on.

    3
  • beermonkey

    Apr 18, 2019 at 9:54 PM

    Comment #17

    Does the accounts show how much is in the
    Bank
    And if the loan for almiiron has been been paid

    1
  • Genjikai

    Apr 18, 2019 at 9:58 PM

    Comment #18

    This is what waiting around has got us.
    Standing doing nothing and expecting change.
    Im guilty of it too.
    Proof is now here, read between the lines as the frog says, he doesnt want to sell.
    Hes hit the jackpot for the last 11 years couldnt believe his luck his words, buying a jewel of the premier league, his words, where else will any of his “brands” have a die hard support of customers who love their product and have there whole life.
    Cant imagine any of his spunk direct stores getting 52000 screaming at his latest delivery instore.
    And thats the point hes got us, and by the looks of it isnt going to leave. Hope im wrong, doubt i am.
    Hell be wanting all his money back from debenhams. Sadly probably at our expense.
    And to answer the question about does 3 hoselu make a rondon? Were about to find out.

    6
  • Average_Contents

    Apr 18, 2019 at 10:02 PM

    Comment #19

    Tuff

    Seen. Just looked it all up. Emovis seems the obvious choice. €41 for the tag and associated fees then your toll fees on top. Gonna be travelling near 300km on em so I’m going for it.

    0
  • Average_Contents

    Apr 18, 2019 at 10:05 PM

    Comment #20

    Jfa

    That might as well be direct from the fat leech’s mouth. Looks like Bambams was correct. He’s a creature.

    3
  • Jib

    Apr 18, 2019 at 10:06 PM

    Comment #21

    beermonkey
    The accounts are up to early 2018
    Miggy was bought Jan 2019
    The bank balance from then will bear
    no relationship to now

    0
  • Essex Geordie Bill

    Apr 18, 2019 at 10:06 PM

    Comment #22

    Pollen Bomb. 🙁

    2
  • Essex Geordie Bill

    Apr 18, 2019 at 10:09 PM

    Comment #23

    Copied and pasted info.

    Newcastle United Under-23s will face Brighton, Kashima Antlers and Yau Lee League Select in the group stages of the Hong Kong Football Club Citi Soccer Sevens in May.

    2
  • NY Mag

    Apr 18, 2019 at 10:10 PM

    Comment #24

    Beermonkey,

    It certainly doesn’t show how much we have in the bank right now. But as of 30th June last year we had ~£34M in the bank

    1
  • RobLeenio

    Apr 18, 2019 at 10:21 PM

    Comment #25

    Did I read the small bits of info I’ve been able to glance at wrong or did Charnley day we had £50 million plus player sales to spend this summer?

    Like I say I’ve been busy but that’s what NUFC.com seem to be suggesting.

    Is that enough for Rafa?

    1
  • jane

    Apr 18, 2019 at 10:30 PM

    Comment #26

    just doing the same.

    can’t see £50m mentioned but there is £11m left over from last year’s transfer kitty..

    “the balance of £11million will be carried forward to supplement what we have for forthcoming transfer windows as we look to strengthen again”

    0
  • RobLeenio

    Apr 18, 2019 at 10:32 PM

    Comment #27

    Thanks Jane. I imagine that’s maybe minus the Almiron fee however. Otherwise it seems like a reasonable kitty. For us at least

    1
  • stan anderson

    Apr 18, 2019 at 10:36 PM

    Comment #28

    It,s a never ending merry go round supporting the Toon and the fans buy it time after time.
    We get a little hope and think the promised land is just around the corner,but thats where it always is just around the corner.
    Our fans are mugs and the slug knows this and shafts us year after year with his sell the club tactics.
    We are stuck with him as long as fans buy his S/Ts and his tat.
    We only have ourselves to blame.
    ASHLEY OOT.

    9
  • NY Mag

    Apr 18, 2019 at 10:37 PM

    Comment #29

    Rob,

    I don’t recall reading anything about 50M for spending – but like you, I haven’t studied it all yet

    1
  • jane

    Apr 18, 2019 at 10:43 PM

    Comment #30

    amount of money for transfers doesn’t seem to be an issue for Rafa according to this..

    “Newcastle already have an offer on the table for Benitez and they have reiterated their wish for him to extend his current deal, but Benitez wants certain conditions added to that contract.

    These conditions do not include a request for a bigger salary or even a huge transfer kitty.

    Indeed, Benitez simply wants to see a clearer process when it comes to recruitment and quicker decision making behind the scenes.”

    1
  • jane

    Apr 18, 2019 at 10:49 PM

    Comment #31

    “Our fans are mugs and the slug knows this and shafts us year after year with his sell the club tactics.”

    some of us are not taken in and know there is unlikely to be a sale.

    3
  • ronaldo aarons

    Apr 18, 2019 at 10:58 PM

    Comment #32

    I’ve not had a proper look through myself, same old really. Looked at what others have said who have went through it. Hopefully PriceOfFootball or SwissRamble look through it and report on it.

    5
  • ronaldo aarons

    Apr 18, 2019 at 11:00 PM

    Comment #33

    Did find that in 2015, it was promised that sports direct would be paying for advertising. Fast forward to know, we get yet another promise of paying for advertising.

    4
  • ronaldo aarons

    Apr 18, 2019 at 11:01 PM

    Comment #34

    Commercial income at 26.7 yet when Ashley bought the club commercial income was 27.6
    #GreatBusinessMan

    6
  • ronaldo aarons

    Apr 18, 2019 at 11:03 PM

    Comment #35

    2017 bonuses of 9.9m paid for promotion.
    These accounts haven’t actually broken down how much if any was allocated to bonuses.

    3
  • Tsunki

    Apr 18, 2019 at 11:03 PM

    Comment #36

    Come on you’re not surprised Charnley can’t see the value of training? Look at him! 😀

    6
  • ronaldo aarons

    Apr 18, 2019 at 11:03 PM

    Comment #37

    Even with a £41m loss in the championship last year, NUFC total profit after tax over the last 8 years stands at £76m.

    Average £9.5m profit per season.

    3
  • ronaldo aarons

    Apr 18, 2019 at 11:06 PM

    Comment #38

    These posts I’m posting aren’t my own words, they’re taken from Big Chris Holt twitter account
    https://mobile.twitter.com/bigchrisholt

    Plagiarist moderators, please relax.

    I’ve posted his acc here a few times before, he’s someone worth following as he often keeps track of finances and all that.

    4
  • ronaldo aarons

    Apr 18, 2019 at 11:10 PM

    Comment #39

    This one is interesting.
    https://mobile.twitter.com/bigchrisholt/status/1118944639703289857

    After using up all commercial and matchday income on wages, how much of their broadcasting income do clubs then risk on covering the rest of their wage bill? (In millions)
    Everton 99
    Crystal Palace 88
    Bournemouth 87
    Leicester 84
    Southampton 78
    Watford 67
    Burnley 64
    West Ham 50
    Brighton 49
    Huddersfield 47
    Newcastle United 43

    3
  • NY Mag

    Apr 18, 2019 at 11:11 PM

    Comment #40

    Ronaldo,

    I’ve read Chris holt quite a bit since you first mentioned him on here a while back.
    He is correct in what he posts, but he’s severely biased

    3

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