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Profit has trumped success at Newcastle

What do the purchasers of Newcastle United get for their money?   The authoritative Swiss Ramble provides some answers from Zurich.  What is clear is that the club has been starved of investment.

A 10-year overview up to 2020 shows a profitable club. The only losses came in 2017 (after relegation to the Championship) and 2020 (COVID impacted).  There is a relatively low profit from player sales for a club in the Premier League.   The wage bill has been very low by Premier League standards.

Revenue growth has been driven by central broadcasting deals. In contrast, match day has declined, while there has been virtually no commercial growth in the last few years. As a result, broadcasting accounts for 70% of total revenue.

Financial debt  is only £108m, almost all owed to Ashley, while transfer debt was cleared. Low transfer spend (just £165m in 10 years). There has been the lowest owner financing in Premier League since 2010. The high £63m cash balance is misleading, as it includes advance payment of PL TV money.


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