Newcastle reveal profit drop

Newcastle United have revealed a substantial drop in profits for the year ending June 2012.

Last Updated: 27/03/13 at 15:14 Post Comment

Financial figures released on Wednesday show profits down from £32.6m (a figure that included £35m received from the sale of Andy Carroll to Liverpool) to just £1.4m - although turnover increased to £93.3m, 5.4% up on the previous year.

That figure includes a rise of 14.6% in television income as a result of their fifth-placed finish in the Barclays Premier League last season.

However, while operating costs have remained steady at £21.6m, operating profit fell from £13.3m to £7.5m.

The club's wage bill also rose by 20 per cent to #£64.1m - largely as a result of the signings of several high-profile players including Yohan Cabaye, Sylvain Marveaux, Davide Santon, Papiss Cisse and Demba Ba (now at Chelsea).

Although attendances at St James' Park rose to an average of 49,936 during the period - an increase of 2,190 on the previous year - ticket revenue dropped by 7% because of a series of ticketing initiatives.

Commercial revenue was down by 12.7% - but the Tyneside club were keen to stress that the figures do not include their new partnership with Wonga, which they claim "represents a significant increase on the club's previous commercial agreements".

Related News

Most Commented

Readers' Comments

H

ilarious, thanks for that. But if I may, I do suspect the reason of your partners' ire is not Tottenham, but most probably all the compusilve gambling :)

DannySmith
Backing Costa To Keep Banging 'Em In

T

wo police horses in a paddock. Horse 1: What's with the long face? Horse 2: I'm working St James Park this weekend.

hump3.
Pardew - It's mass hysteria

T

wo things. First, I can't stop reading your name as 'Dane Bowers'. Second, you used the words 'philosophy' and 'Redknapp' in the same sentence.

ajsr1982
Can United's Defence Handle Ulloa?

Footer 365

Premier League: Man City manager Manuel Pellegrini not concerned by Yaya Toure's form

Manchester City manager Manuel Pellegrini has no concerns over the form or commitment of midfielder Yaya Toure.

Transfer news: Chelsea's Jose Mourinho plays down Cristiano Ronaldo transfer talk

Chelsea boss Jose Mourinho has played down speculation about signing Cristiano Ronaldo.

Euro 2020: Wembley decision 'an honour' says England boss Roy Hodgson

Roy Hodgson has described the decision to choose Wembley as the primary host venue for Euro 2020 as an "honour".

Mail Box

Be Careful What You Wish For, Gooners

That's the message from a Man United fan in the mailbox. Plus, thoughts on Paul Lambert's new contract, the Alan Pardew dilemma at Newcastle and lots more...

No, Wenger IS To Blame For Failure...

The backlash to the backlash to the backlash sees Arsene Wenger getting a good kicking while we also have mails on Chelsea, Newcastle, Everton and lots more...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property