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Llambias happy with figures

Newcastle managing director Derek Llambias has expressed his delight at how "boring" the Premier League club's latest financial figures are.

Last Updated: 28/03/13 at 10:29 Post Comment

Derek Llambias (right): Newcastle managing director with owner Mike Ashley

Derek Llambias (right): Newcastle managing director with owner Mike Ashley

The Magpies reported on Wednesday a profit of £1.4million for the year to June 2012, their second successive year in the black, and are confident their model is working.

After years of boom and bust on Tyneside, that steady improvement has been greeted with a sense of satisfaction in the boardroom at St James' Park.

Llambias told the club's official website: "I think accounts should be boring - and these are boring, thank you.

"We are very happy we have posted a profit this year and we are delighted we are staying within our model.

"We will continue to stay within our model to provide decent players on the pitch and also to give affordable ticket pricing to our fans. It's working very well."

Things on the pitch this season have proved more difficult than last with injuries and a Europa League campaign making that top-five Premier League finish a distant memory.

However, owner Mike Ashley sanctioned a £31million January spending spree to address the issue, and that has paid dividends since.

Llambias said: "We could sit here and say, 'We have had a disastrous year, we have done this and we have done that'.

"It hasn't been an incredible season position-wise in the Premier League, but we are attacking the Europa League.

"It's been difficult because we didn't have enough depth in the squad, but I can now confidently say we are going to give it 100 per cent for the Europa League and we are going to give it 100 per cent to get as high up the league this year as possible.

"Going forward, we will expand our squad and year on year, we hope to be in a position of strength."

The arrivals of Moussa Sissoko, Yoan Gouffran, Mathieu Debuchy, Massadio Haidara and Mapou Yanga-Mbiwa have significantly strengthened manager Alan Pardew's hand, while the capture of Swiss teenager Kevin Mbabu demonstrated the Magpies' intention to continue to invest on promising young players.

That means the club, as Llambias insisted it would at the time, has reinvested all the proceeds of Andy Carroll's £35million sale to Liverpool, which helped to boost the previous year's profit figure to £32.6million.

Llambias said: "And more. It's been well and truly put back into the club. Whatever you say about that deal, it kick-started us into a different sphere."

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sn'tthis strange. Last season we were worried that we were stuck with a Dinosaur in Moyes while Liverpool and Everton were disappearing into the distance with their young, spritely managerts, playing football from heaven. Progressive managers, they said. Managers who understand the modern game.........

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eing consistently and unrelentingly dog turd really takes it out of you. Try shadow boxing. That's what it's like watching Liverpool, punching thin air.

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ood list, some crackers in there. For me, I'd have had Steve McManaman for Liverpool away at Celtic in the UEFA cup in 1997. I was in the ground that night and everyone kept screaming at him to make a pass, but he just kept going and going and going...brilliant, and in the dying minutes too.

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