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

D

on't go to England at your age, you'll either be mugged or not appreciated. Or made to lump the ball long to a bloke who looks like a mascot.

megabrow (cufc)
Beckenbauer warns Schweinsteiger

F

rom the headline I presumed he meant boots, pants, jim-jams, toothbrush and paste, passport, tickets, premier inn long-term package, Scouse-English-Portuguese-German dictionary, 'How to be a 9 and 3/4' by B. Rodgers, few dozen tins of food and Evian because you can never be sure about the local food/water...

KevinBoatang
Firmino has 'everything' for PL - Willian

H

e looked like he was playing with a plastic pound shop ball in the wind against Juve, his passing was so bad.

paddy7s
Sergio Ramos: Exactly What United Need

Footer 365

Guardiola will let Schweini decide future

Bayern Munich boss Pep Guardiola has told Manchester United target Bastian Schweinsteiger he can make up his own mind on his future.

Dean Hammond signs new deal with Leicester City

Leicester midfielder Dean Hammond has signed a new contract with the club after his previous deal expired.

Giggs urges youngsters to impress

Manchester United assistant manager Ryan Giggs has urged the club's youngsters to seize their chance to impress boss Louis van Gaal.

Mail Box

Nani's Failure Still Leaves A Sour Taste

It's a decent afternoon Mailbox, with thoughts on Paulinho, Nani, the future of women's football and yet more of your annoyances. These will be the last of them...

Media Must Maintain Women's Momentum

England being English was tough luck but the media must build on the increased interest in the women's game. Also, mails on Turan, United aiming too high and BAPs...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company