Christmas Tree 4003 Posted March 27, 2013 Share Posted March 27, 2013 NEWCASTLE United have today announced they made a £1.4m profit last year. The Magpies’ turnover and TV income helped swell the coffers, though they also increased the wage bill thanks to a number of major signings, including Yohan Cabaye, Demba Ba, Davide Santon, Sylvain Marveaux and Papiss Demba Cisse. Commercial revenue fell by 12.7%, but the club expects that figure to be boosted significantly once their new sponsorship deal with Wonga kicks in. And with the bumper new TV deal coming into force, the club is confident it is in a strong financial position. A statement read: “After making significant strides towards meeting and exceeding UEFA’s Financial Fair Play regulations last season, the club has recorded an overall profit for the second successive year. “While last year’s figures, which included an overall profit of £32.6m, were significantly boosted by the £35m sale of Andy Carroll to Liverpool, this year’s figures give a clearer indication of the club’s positive performance overall with profit after player amortisation standing at £1.4m. “The club has also re-entered the list of the world’s top 20 revenue-generating clubs after increasing turnover to £93.3m – representing a 5.4% increase on last year. “Turnover has been boosted by last season’s strong performance on the field, with a fifth-place finish in the Barclays Premier League swelling TV income by 14.6%. That figure is set to continue rising next year courtesy of improved broadcast agreements. “While the average attendance at St James’s Park has risen to 49,936 – an increase of 2,190 on last year – ticket revenue has fallen by 7% after the club froze season ticket prices with its 10 and nine-year season ticket deal and continued its commitment to making football affordable through a variety of ticketing initiatives including a 50 per cent season ticket deal and regular special offers during the season. “As a result of these initiatives the club saw a hugely significant increase in the number of season ticket holders and members. The number of season ticket holders reached its highest level since 2007. “Commercial revenue fell by 12.7%, though the latest figures do not include income from the club’s new partnership deal with Wonga. That partnership, which is effective from the 2013/14 season, represents a significant increase on the club’s previous commercial agreements. “While operating costs have remained steady at £21.6m, operating profit is down from £13.3m to £7.5m. A key factor is an increase in the club’s wage bill, which has risen by 20% to £64.1m following the signings of a number of key players, including Cabaye, Marveaux, Santon, Ba and Cisse. That puts the club’s wages-to-turnover at 68.7%, an increase of 8.1% rise relative to last year’s ratio.” Link to comment Share on other sites More sharing options...
Happy Face 29 Posted March 27, 2013 Share Posted March 27, 2013 Commercial revenue STILL falling? Link to comment Share on other sites More sharing options...
Monroe Transfer 0 Posted March 27, 2013 Share Posted March 27, 2013 ASHLEY IS A GENIUS Link to comment Share on other sites More sharing options...
Happy Face 29 Posted March 27, 2013 Share Posted March 27, 2013 That wage figure is tucked sneakily in at the end there like. Back to a figure higher than any in the 10 years before he bought the club. Link to comment Share on other sites More sharing options...
Kid Dynamite 6082 Posted March 27, 2013 Share Posted March 27, 2013 As one of the top 20 earning clubs in the world we can afford it. With the crazy tv money next year and the Europa League money we will be even higher Link to comment Share on other sites More sharing options...
ewerk 26793 Posted March 27, 2013 Share Posted March 27, 2013 Was our Virgin Money deal on reduced money to the NR one? Link to comment Share on other sites More sharing options...
Happy Face 29 Posted March 27, 2013 Share Posted March 27, 2013 As one of the top 20 earning clubs in the world we can afford it. With the crazy tv money next year and the Europa League money we will be even higher Just have to hope we aren't relegated. Link to comment Share on other sites More sharing options...
Kid Dynamite 6082 Posted March 27, 2013 Share Posted March 27, 2013 Link to comment Share on other sites More sharing options...
Kid Dynamite 6082 Posted March 27, 2013 Share Posted March 27, 2013 Heres the full report http://www.deloitte.com/assets/Dcom-UnitedKingdom/Local%20Assets/Documents/Industries/Sports%20Business%20Group/uk-sbg-football-money-league-2013.pdf Link to comment Share on other sites More sharing options...
Gemmill 35468 Posted March 27, 2013 Share Posted March 27, 2013 Was our Virgin Money deal on reduced money to the NR one? Same terms I think, but the NR one was negotiated downwards by a canny bit iirc. Link to comment Share on other sites More sharing options...
Kid Dynamite 6082 Posted March 27, 2013 Share Posted March 27, 2013 If Coloconni is on £90kpw that's almost £5mil pa. the likes of him, Jonas, Ba, Cabaye, Cisse won't be on peanuts Link to comment Share on other sites More sharing options...
scoobos 297 Posted March 27, 2013 Share Posted March 27, 2013 So what its really saying is that if we didn't sell Demba Ba we'd be operating at a loss of a few million - I wouldn't say selling your first team striker is very sustainable year on year. Without carol & co the year before we'd be 10 in the red. Hardly a financial masterstroke. Link to comment Share on other sites More sharing options...
ewerk 26793 Posted March 27, 2013 Share Posted March 27, 2013 So what its really saying is that if we didn't sell Demba Ba we'd be operating at a loss of a few million - I wouldn't say selling your first team striker is very sustainable year on year. Without carol & co the year before we'd be 10 in the red. Hardly a financial masterstroke. The Ba money isn't in these set of accounts. Link to comment Share on other sites More sharing options...
scoobos 297 Posted March 27, 2013 Share Posted March 27, 2013 oh bugger. Link to comment Share on other sites More sharing options...
Tooj 17 Posted March 27, 2013 Share Posted March 27, 2013 Apparently Colo's last deal saw his wages go down to 60k. Link to comment Share on other sites More sharing options...
Happy Face 29 Posted March 27, 2013 Share Posted March 27, 2013 Includes the purchase of Cisse, Anita & Bigirimana I'd have thought... ..and the sales of Best and Forster. So stll turning a profit after a net outlay of £10m or thereabouts. Link to comment Share on other sites More sharing options...
Kid Dynamite 6082 Posted March 27, 2013 Share Posted March 27, 2013 £3.5mil a year. Still, 3 hefty contracts for him, Ba and Jonas instantly add £10mil to the wage bill. We tried filling the team with £20k players like Williamson, Shola and Simpson . It doesn't work Link to comment Share on other sites More sharing options...
ewerk 26793 Posted March 27, 2013 Share Posted March 27, 2013 Includes the purchase of Cisse, Anita & Bigirimana I'd have thought... ..and the sales of Best and Forster. So stll turning a profit after a net outlay of £10m or thereabouts. Accounts are only to 30th June iirc so only Cisse will be accounted for. Link to comment Share on other sites More sharing options...
Happy Face 29 Posted March 27, 2013 Share Posted March 27, 2013 Accounts are only to 30th June iirc so only Cisse will be accounted for. About the same net outlay then. Link to comment Share on other sites More sharing options...
Toonpack 7071 Posted March 27, 2013 Share Posted March 27, 2013 That wage figure is tucked sneakily in at the end there like. Back to a figure higher than any in the 10 years before he bought the club. But affordable this time. It's all good We've done our slash and burn cost cutting, everyone else outside the mega bankrolled/rich still have to, great position to be in. So long as we stay up obviously. Link to comment Share on other sites More sharing options...
Tooj 17 Posted March 27, 2013 Share Posted March 27, 2013 £3.5mil a year. Still, 3 hefty contracts for him, Ba and Jonas instantly add £10mil to the wage bill. We tried filling the team with £20k players like Williamson, Shola and Simpson . It doesn't work Simpson and Williamson aren't on 20k a week like. Simpson was just offered 20k a week when he said no to his latest contract. Link to comment Share on other sites More sharing options...
Happy Face 29 Posted March 27, 2013 Share Posted March 27, 2013 But affordable this time. Since 1998... Commercial income has basically been straightline (it's down £3.5m since 1998 when it was £17.3m) Matchday income has basically been straightline (it's up £2.8m since 1998 when it was £21.1m) Profit has basically been straightline (there have been massive fluctuations based on player sales/purchases, but basically a straight line at or below zero) All that has gone up is wages and TV income. And those are almost exactly alligned, increased by just over £40m each in 15 years. The wages were never silly previously. Even after signing Owen and Luque it was the 62% mark. Problem was always the transfer fees and borrowing to cover them. Link to comment Share on other sites More sharing options...
Toonpack 7071 Posted March 27, 2013 Share Posted March 27, 2013 Since 1998... Commercial income has basically been straightline (it's down £3.5m since 1998 when it was £17.3m) Matchday income has basically been straightline (it's up £2.8m since 1998 when it was £21.1m) Profit has basically been straightline (there have been massive fluctuations based on player sales/purchases, but basically a straight line at or below zero) All that has gone up is wages and TV income. And those are almost exactly alligned, increased by just over £40m each in 15 years. The wages were never silly previously. Even after signing Owen and Luque it was the 62% mark. Problem was always the transfer fees and borrowing to cover them. And the outgoings in terms of real cash in dividends etc Link to comment Share on other sites More sharing options...
Rayvin 4964 Posted March 27, 2013 Share Posted March 27, 2013 We've offloaded Smith and Xisco since then haven't we? That's £100k/week improved for nothing right there, and that won't be included in this will it? Link to comment Share on other sites More sharing options...
ewerk 26793 Posted March 29, 2013 Share Posted March 29, 2013 According to this guy Ashley could now recoup his investment if a fair offer were made. http://www.sportingintelligence.com/2013/03/25/from-man-utd-at-1bn-to-wigan-at-42m-whats-your-club-really-worth-250102/ Link to comment Share on other sites More sharing options...
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