When you look at the last financial results most of our revenue was from the Premier League TV rights payout.
We have struggled for years under Mike Ashley to grow our commercial revenue but now that we will be backed by a Billionaire – assuming today’s; news is true that commercial revenue will start to soar.
We made around £28M in commercial revenue over each of the last two years which is pitiful.
The top six clubs make a lot more than 10 times that – so that’s an area the new owner will fix.
Mike Ashley – Sports Direct owner
One thing we’d love to see is each and every one of the Sports Direct posters taken down and we hope the Sheikh has not made any deals with Ashley to keep the Sports Direct sign up at St. James’ Park.
This is what we did over the last financial year.
It’s also likely the matchday revenues will increase but that’s due to increases in the admission price.
It will be interesting to see how the new owner will handle this – of course, we should be winning a lot more games.
But he needs to understand the Newcastle fans – and our past history and the like – but Rafa will educate him on this.
This is all assuming the reports that documents have been submitted to the Premier League to OK the deal -as has been reported in theSun today.
And that has been announced by multiple news outlets.