Sunderland and Newcastle raking in the cash

THE North East’s two biggest football clubs put in winning balance sheet performances, as the sport continued to be a boom business.


New figures for the 2010/11 season show that Premier League clubs’ revenues increase by 12 per cent to £2.3bn in 2010/11, according to the annual review of football finance from the sports business group at Deloitte.

Newcastle United were reported to be top of the league in terms of profitability – finishing the year more than £32m in the black, thanks to the sale of striker Andy Carroll to Liverpool.

The Magpies’ revenue of £88m represented an increase of 69 per cent on the previous year, after promotion from the Championship, and was the eighth-highest in the Premier League.

Sunderland’s revenue of £79m was up 21 per cent from 2009/10.

In total, the top 92 clubs in English football saw revenues increase by nine per cent to £2.9bn, but the finance experts say cost control remains the key challenge.

The combined Newcastle and Sunderland figures represent six per cent of the total generated by the 92 top professional clubs.

Dan Jones, a partner in the sports business group at Deloitte, said: “Top clubs have continued to show impressive revenue growth despite a difficult economic climate.

“This has been driven by broadcast revenue, which is up to £1.18bn, in the first year of a new three-year broadcast cycle.

“This uplift was primarily due to an increase in overseas broadcast deal values.”

The figures show matchday revenue increased overall by £20m to £551m, a four per cent rise, but almost half the clubs suffered a reduction in matchday revenue.”

More than 80 per cent of the Premier League club revenue increase was spent on wages, which increased by £201m to almost £1.6bn, and resulted in wages accounting for 70 per cent of revenue – a record high. Adam Bull, consultant in the sports business group, said: “Despite the increase in revenue, operating profits reduced by £16m to £68m, and combined pre-tax losses were £380m.

“The challenge for clubs remains converting impressive revenue growth into sustainable profits.

“This will become even more important for a number of clubs as the financial results for 2011/12 will, for the first time, count towards their UEFA Financial Fair Play break-even calculation.”

 

Think we might try and sneak infront of Chelsea with a cheeky £39m bid for Hulk

 

I would jizz myself if SAFC ever came out with a bid like that for anyone. Well, not anyone. I would **** myself if it was for Darryl Murphy.

 

we will sell you obertan for 39 mil

 

ok but you need to buy Brambel for 60 mil