St James' Park, Newcastle

Next Game

Newcastle v So'ton

Sunday, 09 August 2015, 13:30

Barclays Prem

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

T

his is all good fun, but anyone who thinks United are 4th best in England for anything more than a blip is properly f***ing mental. And Domenech is properly f***ing mental.

megabrow (cufc)
Schneiderlin must join United - Domenech

I

f the answer is Matt Phillips, the question should never be Who is one of your major transfer targets?

jelasfirsttouch
The Twosome Gossip

I

s this Chris Smalling playing the 'Race' card?

hump3.
Smalling wants United race

Footer 365

Roberto Firmino eyeing trophy success at Liverpool after saying bye to Hoffenheim

Liverpool's £29m summer signing Roberto Firmino hopes to celebrate "a lot of success" at Anfield and 'can't wait test himself in the Premier League'.

Manchester United 'agree Matteo Darmian fee with Torino'

Manchester United have agreed a fee with Torino for Italy right-back Matteo Darmian, according to Sky Italia sources.

Juventus midfielder Paul Pogba not joining Barcelona this year

Barcelona have insisted they are "not planning" a move for Juventus midfielder Paul Pogba this calendar year.

Mail Box

Doesn't Delph To Arsenal Make More Sense?

We have reaction to our Top Ten regarding Philipp Lahm and Dave Mackay, why we all love Harry Kane, Fabian Delph to Arsenal and what United can get away with...

Why Is Kane More Likeable Than Carrick?

A Mailbox which covers topics including Harry Kane, Sergio Aguero, Robin van Persie, handballs, transfer reporting and Rodgers bingo. It's not us being mean...

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