English Premiership

Newcastle announce record profits

2015-03-30 13:38
 Sports Direct founder and Newcastle United's owne
Sports Direct founder and Newcastle United's owner Mike Ashley. (AFP)

London - Newcastle United may be staggering their way towards the end of another season of under-achievement but they still announced record profits of 18.7 million pounds ($27.75 million) after tax to the end of June last year.

Newcastle, who last won a major domestic honour in 1955 and are currently 12th in the 20-team Premier League, announced a recorded profit for the fourth successive year, up from 9.9 million pounds in 2013.

Despite the good figures on the balance sheet, their figures in the league table were not quite so heartening in the period covered by the profits, finishing 10th in the table winning only 15 of their 38 league games.

In a statement on their website the club reported that operational losses of 0.6 million pounds in 2013 were turned into an operating profit of 4.7 million pounds by June 2014.

Their turnover also rose to 129.7 million pounds, up from 95.9 million pounds the previous year.

Matchday revenue, which includes ticket sales and hospitality, dropped to 25.9 million from 27.8 million in 2013, while their average Premier League attendances were 50 395 compared to 50 517 the previous season.

The club's debt remains at 129 million pounds in the form of an interest-free loan from owner Mike Ashley.

But as last season, this season has seen more of the same mediocrity, and they registered nine wins out of 30 Premier League matches, with eight to play.

Former coach Alan Pardew left the club in January and since his assistant John Carver took temporary charge they have won two out of 10 Premier League matches and lost their last three in a row.

 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
Live Video Streaming
Video Highlights
Sport Talk
Breaking News

Fixtures
Wednesday, 24 April 2019
Wolverhampton Wanderers v Arsenal, Molineux Stadium 20:45
Manchester United v Manchester City, Old Trafford 21:00
Friday, 26 April 2019
Liverpool v Huddersfield Town, Anfield 21:00
Saturday, 27 April 2019
Tottenham Hotspur v West Ham United, Tottenham Hotspur Stadium 13:30
Fulham v Cardiff City, Craven Cottage 16:00
Crystal Palace v Everton, Selhurst Park 16:00
Southampton v AFC Bournemouth, St. Mary's Stadium 16:00
Watford v Wolverhampton Wanderers, Vicarage Road Stadium 16:00
Brighton & Hove Albion v Newcastle United, The American Express Community Stadium 18:30
Logs
Team P W PTS
Previous Results

Date Home Team Result Away Team
Vote

Who will claim the Premier League title at the end of the 2018/19 season?

 
 
Men
Women
Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...

Featured

The 2018/19 Absa Premiership season is in full swing. Will Mamelodi Sundowns retain their title? Or can one of Kaizer Chiefs, Orlando Pirates, Wits, SuperSport United - or another team perhaps - snatch glory from the Brazilians? Be sure to visit Sport24 for all the latest news!

Latest blogs
 

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.