ian1964 10,415 Posted March 30, 2015 Share Posted March 30, 2015 Newcastle United have announced a record annual profit of £18.7m for 2013-14, the fourth consecutive financial year they have made money. The Premier League club's debt remains at £129m, which they say is an interest-free loan from owner Mike Ashley. "The club benefits from a supportive owner and is financially stable," said managing director Lee Charnley. "This gives us a strong platform from which to grow, on and off the pitch." He added: "A result of which means, as we move forward, we are able to net spend on the playing squad and invest in other areas of the business." The Tyneside club, who are currently 12th in the English top-flight, say a growth in their commercial revenue has helped increase after-tax profit to £18.7m from £9.9m in 2013. An operating profit of £4.7m was recorded for the year ending June 2014, up from operational losses of £0.6m in the previous 12 months. Newcastle sold France midfielder Yohan Cabaye to Paris St-Germain in a £19m deal in January 2014. During the 2013-14 financial year, the club signed three players - France striker Loic Remy and Netherlands attacker Luuk de Jong on loan, along with teenage French midfielder Olivier Kemen for an undisclosed fee. In October 2013, hundreds of Newcastle fans marched through the city to protest against the way Ashley was running the club. "With our commitment to keeping ticket prices affordable for our supporters growing our commercial income has been crucial," added Charnley. "We believe financial stability will deliver positive on-field results for the club." The club's turnover rose to £129.7m, up from £95.9m, with income from media rights accounting for £78.3m - an increase of 53.3% - the bulk of which came from the television deal agreed with BT Sport and BSkyB in June 2012. But there was a drop of £1.9m in matchday revenue, which includes ticket sales and hospitality. That fell to £25.9m from £27.8m in 2013 when Newcastle, who were playing in the Europa League, hosted seven extra home games. http://www.bbc.co.uk/sport/0/football/32113614 I know the article is about Newcastle,but thought it would be better in here?,admin can move. 0 Quote Link to post Share on other sites More sharing options...
trublusince1982 243 Posted March 30, 2015 Share Posted March 30, 2015 how much do newcastle owe him now? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted March 30, 2015 Share Posted March 30, 2015 how much do newcastle owe him now? Read the second line. 0 Quote Link to post Share on other sites More sharing options...
26th of foot 5,834 Posted March 30, 2015 Share Posted March 30, 2015 how much do newcastle owe him now? According to BBC North East, the amount owing to Benevolent Mike is ; £129million. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,247 Posted March 30, 2015 Share Posted March 30, 2015 And unless they drop down a division, their profit will most likely increase, as the TV deal has been upped so that even the side that finishes bottom will get some 90m or the like from next season onwards. Ashley's input into Newcastle will be rather low, as the club is essentually run and financed by TV money, much like most other EPL teams apart from ManC and Chelsea. He perhaps expected something similar with us, only that our club can't be "financed" that way. 0 Quote Link to post Share on other sites More sharing options...
aweebluesoandso 290 Posted March 30, 2015 Share Posted March 30, 2015 Ashley is happy for Newcastle just to stay in the EPL, other than that and a wee run in the FA and League cups, no real ambition for that club. It's one large advertisement for Sports Direct and gives him some higher profile, otherwise he would be just a boogieman tale to scare children. 0 Quote Link to post Share on other sites More sharing options...
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