Mike ashley Newcastle's owner has finally submitted the club's accounts for the year ended 30th of June 2017 starting at
the top of the income statement
Newcastle had total revenue of eighty five point seven million pounds a record for a club in the championship
But nearly a third less than the previous season in the Premier League
Having a lot of money is one thing a Newcastle have earned exactly 900 million pounds under Ashley's ownership
But putting it to good use is another and fans will question a lot of the decisions made in how that money has been utilised
Clubs tend to break their income down into three categories
Broadcast commercial and matchday for Newcastle. The biggest contributor is broadcast income from the Premier League in the form of parachute payments
Newcastle earned forty point nine million pounds in 2016-17 from parachute payments which works out at fifty five percent of the premier league's
Basic award year by year parachute payments fall from fifty five percent in the first year outside of the Premier League
45 in year two to 20 percent in year three
Income from broadcasting in the championship for non parachute payment clubs is a basic of about six point five million pounds per year
Plus one hundred thousand pounds for every home match shown live on Sky a huge gap
therefore exists between those clubs in the championship earning parachute payments, and those that do not
Commercial income was fourteen point eight million pounds down from twenty eight million pounds
the previous season
Knockers have actually will point out that he uses and James's Park as an appetizing vehicle for his Sports Direct cheap and cheerful sports
Emporium and he should be generating more commercial income than any other club in the division given the history heritage and size of the club
But it already is fairly competitive with many in the Premier League whose matches are broadcast
Around the world each week and who generate vastly bigger viewing figures than most of those teams in the championship
Earnings from matchday sales were maintained due to an average attendance of 50
1108 beaten by only five teams in the Premier League match state income
It's in James's Park was twice that of any other club in the championship
Wages are a club's biggest expense and Newcastle spent a record amount of 112 point 2 million pounds in two
16:17 up 50 percent from the previous season in the Premier League, but this headline some includes some worn off costs a
Sizable chunk of the wage bill was paid for promotion bonuses and a further
22 million pounds was paid for players who were not considered part of the first team and so had their
Contracts paid up or went on loan with the club picking up some or all of the wage bill nevertheless
Even if these figures are excluded the wage bill would have been over 18 million pounds compared to the average
championship figure of twenty nine point eight million pounds
kowtow to Mike Ashley as Newcastle United limited only
Director is Lee Charlie who owned one hundred and fifty thousand pounds for his services in the year and waived his right to a bonus
Rightly or wrongly Charlie is seen in as bad a light as Ashley on Tyneside
But his pay is far lower than that of other football executives with the average in the Premier League
Being around 1 million pounds per year
profits are income less costs and here the club has been disingenuous by promoting in the press release a
91 million pound loss figure
however
this is before considering games on player sales of over 42 million pounds and includes the
Non-recurring costs from promotion bonuses and the contract write-ups if you strip out the one-off costs and income and exclude amortization
Claiming it as a non-cash expense we get to something called a victor earnings before interest taxes depreciation and amortisation
This is the profit most focused on by analysts as it is a sustainable cash equivalent of profit
This gives a figure of 19 point 8 million pounds still sizeable
But far less than the sum being touted by the club to the media when the results were announced
Newcastle made substantial a bit de profits in previous years so were able to absorb this loss reasonably easily
Mike Ashley's reluctance to spend money in the transfer market is legendary in the period since he bought the club
he spent 308 million pounds on players and raked in sales income of
244 million pounds this gives a net spend of just 65 million pounds over the 10-year period last season in the
championship Newcastle for players 441 million pounds in the form of Richie Gayle
headland and Clark that managed to rake in 70 million pounds from selling Sissoko one album and
Mike Ashley lent the club a further 15 million pounds during the year taking his total interest-free loans to
144 million pounds in addition to the loans ashley has invested a further
134 million pounds in shares in the club taking his total investment to
278 million pounds rumor is he's trying to sell it for 400 million
but this price looks
Optimistic for a business that realistically has a 1 in 4 chance of losing its main source of income at the start of every year
Newcastle did take a gamble in investing in players to engineer a return to the Premier League
but not as much as the club has claimed a
Stupe management from bonitas combined with canny signings on players who have a good resale value during the season helped them bounce back
What happens next with Mike Ashley at the helm is unknown?
He is the football fog on the Tyne and it won't lift until he leaves
Also Mike Ashley is absolutely shambolic and idiotic!