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Archive for tag: Newcastle United accounts.

Newcastle United 2014 full accounts statement

May 31st, 2015 | 22 Comments |

Newcastle United's treasure chest
NUFC’s coffers are overflowing, but the debt to Ashley remains
Before I begin, my apologies for not posting these earlier, as I usually do shortly after the accounts are made public. Better late than never though as I still can’t find any other copies of the statement itself elsewhere, though there is a very extensive analysis of the latest accounts on the very good Swiss Ramble site if you haven’t seen it already. The link to a PDF of the full statement submitted to Companies House is below, along with a few personal reflections from myself.

Some personal notes on the accounts

Turnover

The overall turnover figure of £129.7 million is the highest in the club’s history. This was also true of many other Premier League clubs though due to the commencement of the new blockbuster broadcasting deal. On the £129.7 million turnover, the club made a profit after tax of £18.7 million, and an operating profit of £4.7 million. However, Ashley is yet to pay any tax at Newcastle United as losses from previous years have been deferred once again. (more…)