Newcastle United announce an £18.7million profit but still owe Mike Ashley £129million 09:56, 30 March 2015 By Lee Ryder Newcastle United report a positive balance sheet for the fourth year running and a £18.7million profit 258 Shares Newcastle United report a positive balance sheet for the fourth year running and a £18.7million profit " data-type="fb-share" data-action="article:8945258" style="margin: 0.15em 0px 0px; padding: 0px 1em 0px 0px; border-width: 0px 1px 0px 0px; border-right-style: solid; border-right-color: rgb(208, 208, 208); font-style: inherit; font-family: inherit; vertical-align: baseline; color: rgb(151, 151, 151); outline-style: none; cursor: pointer; display: block; width: auto;">Share Newcastle United report a positive balance sheet for the fourth year running and a £18.7million profit " data-type="tw-share" data-action="article:8945258" style="margin: 0.15em 0px 0px; padding: 0px 1em 0px 0px; border-width: 0px 1px 0px 0px; border-right-style: solid; border-right-color: rgb(208, 208, 208); font-style: inherit; font-family: inherit; vertical-align: baseline; color: rgb(151, 151, 151); outline-style: none; cursor: pointer; display: block; width: auto;">Tweet Newcastle United report a positive balance sheet for the fourth year running and a £18.7million profit " data-type="g-share" data-action="article:8945258" style="margin: 0.15em 0px 0px; padding: 0px 1em 0px 0px; border-width: 0px 1px 0px 0px; border-right-style: solid; border-right-color: rgb(208, 208, 208); font-style: inherit; font-family: inherit; vertical-align: baseline; color: rgb(151, 151, 151); outline-style: none; cursor: pointer; display: block; width: auto;">+1 Newcastle United report a positive balance sheet for the fourth year running and a £18.7million profit " data-type="ln-share" data-action="article:8945258" style="margin: 0.15em 0px 0px; padding: 0px 1em 0px 0px; border: none; font-style: inherit; font-family: inherit; vertical-align: baseline; color: rgb(151, 151, 151); outline-style: none; cursor: pointer; display: block; width: auto;">LinkedIn 2015 Getty Images please log in to view this image Newcastle owner Mike Ashley Key highlights at a glance NUFC turnover increased to £129.7m from 2013's £95.9m Media revenue increased by 53.3% to £78.3m Commercial revenue increased by 49.7% to £25.6m Profit after tax was £18.7m compared to 2013's £9.9m Operational losses of £0.6m in 2013 have been turned in to operating profit of £4.7m NUFC's debt remained £129m (in the form of Mike Ashley's interest-free loan) – none the of the debt has been repaid to Mike Ashley Newcastle United have announced a £18.7million profit after tax in their annual accounts. The figures mark a significant raise of the £9.9million profit announced in 2013 – but none of Mike Ashley’s £129million interest free loan has been repaid this year. It means the club have announced a profit for the fourth year in a row but supporters of United will want to see recruitment in the next transfer window after the 2014/15 season has fizzled following a steady start. Operational figures £4.7m 2014 -£0.6m 2013 Newcastle United United said in a statement: “Operational losses of £0.6million in 2013 have been turned into an operating profit of £4.7million as the Club continues to outperform UEFA Financial Fair Play regulations. “The Club’s turnover rose to £129.7million, up from £95.9million the previous year. Matchday revenue, which includes ticket sales and hospitality, dropped slightly to £25.9million, down from £27.8million in 2013, when the Club hosted seven additional home games as a result of its participation in the UEFA Europa League. Turnover £129.7m 2014 £95.9m 2013 Newcastle United “Season ticket renewal figures held steady, as did average Premier League attendances, which were 50,395 compared to 50,517 the previous season. “Media rights revenues accounted for £78.3million of turnover, a 53.3 per cent increase on the previous year. “This reflected the new Barclays Premier League broadcasting rights deal as well as the Club’s improved league position of tenth in 2013/14, compared to 16th the season before. “Most significantly, the Club reported strong commercial revenue growth delivering £25.6million in 2014, up from £17.1million in 2013. Commercial revenue 20142013Year051015202530£m Newcastle United “This 49.7 per cent increase was largely the result of two lucrative new deals with the Club’s principal sponsors, Wonga and Puma.” But the club say that the debt free loan to Mike Ashley has still not been paid. The statement added: “The Club’s debt continues to remain static at £129million in the form of an interest-free loan from owner Mike Ashley. “None of the debt has been repaid to Mr Ashley nor has the owner taken any other monies from the Club.” Profits £18.7m 2014 £9.9m 2013 ......................... gerrin lord ashley of pennywell
Fat ****! Why can't he disappear into a black hole or something. I'd rather support Newcastle in non league than with fatty in the PL
Good job I like you . I shall remain dignified until Sunday afternoon (hopefully). QWOP's time to shine
“None of the debt has been repaid to Mr Ashley nor has the owner taken any other monies from the Club.” Almost makes me feel sorry for the Mags ..........
Not if you are heading back and watching it at my place as planned. Even if you do shine in victory then it will be short lived when I set fire to you..
After the event! Burn me? You'll have to catch me first as I will be running round town like a mad man if we break the duck
These figures give you an idea of the price that needs to be paid if anyone buys the club of Ashley, in other words the mags are stuck with him for some time to come I think.....Unless some rich arab with more money than sense comes in.
I don't get why we are gloating. They are consecutively turning over a profit while we lose money every year. When we buy a player its a gift straight from Shorts pocket so are we all that different?
The Mags hate Ashley and learning there's still that much debt still owing to him is like a life sentence in their minds. That's why the gloating I'd say. As for our accounts? They're very encouraging indeed when you compare them to the year before and have been improving year on year. When Quinn, Bruce and MoN threw transfer fees and wages about they dug us into a hole which was no overnight fix. ES has done very well getting us back on track. Good to see we're bringing in incolm from place other than football to. Ellis is turning us into a proper business.
The club is Ashley's and no matter what the fans think he might have in store, it's clear they couldn't be further from the truth with their guestimations. You only have to look at how he's gone about his attempts to acquire Rangers to realise that he's in no mood to tuck his tail in and leave the sport with a wad of cash in his pocket. He'll strangle the life out of that club and he doesn't care one bit about it's 'history' as the entertainers or how many times the locals state that it runs through their veins, it's a business that is making money regularly and he'll continue to play Jenga with it for as long as he feels happy. The only time he looked ready to cash his chips in was during their relegation to the Championship season, when it looked like a bad bet. He made a stinking loss when the recession hit. If I wanted him out, I'd pray for recession to hit hard and for a catastrophic series of events to happen at Newcastle, like a back to back relegation. Otherwise, sit tight until the bloke is ready to retire/die.
If I was a mag (perish the thought) I would be extremely concerned about the calibre of person that fat Mike would pun the club to. Bob Murray had his faults, but he sold to the correct buyer(s) with the good of the club in mind. Fat Mike would sell to the highest bidder without a care in the world for their ethics or intentions
The annoyance is that there seems to be some black hole in our accounts placed there by Ashley to suck any possible funds out. We turn a healthy profit despite him getting free advertising around the stadium (worth millions), the syphoning of merchandising money through Sports Direct rather than ourselves (also worth a hefty wad) and there's still a fair chunk of money (£20-30m unaccounted for publically - apparently our 'operating costs' have shot up dramatically). The latter is why we were predicted to make £40m but only posted £19.8, I think we would be a pretty good financial prospect to many buyers as with the merchandising and advertising done differently you could add a fair few million to the profit figures with ease. The reality is that Ashley wants to siphon the money off and declare as little profit as possible. The debt is irrelevant now, if paying it off was a priority he could have reduced it significantly by now, it is left as that is his hold over the club. After the extra money from TV rights if our profits go up I still expect most of it to step sideways into operating costs and the debt to remain at a similar level. It is clearly "the plan".
We've all got those black holes fella, Can't exactly remember the ins and outs of the article I read but basically clubs can and do pick and choose what they publish it was a roker report article from a few seasons back which explains it quite well. I'll have look a bit later for you but footy accounts are funny, things like they don't take transfers, agent fees, signing on fees and such like of the year they publishing into account and goes on the following year. It's all big confusing tangle.
