Discover and read the best of Twitter Threads about #six
Most recents (1)
Newcastle United’s 2019/20 financial results cover a season when they finished 13th in the Premier League for the second year in a row. Disrupted by the COVID-19 pandemic. Some thoughts in the following thread #NUFC
#NUFC swung from £41m pre-tax profit to £26m loss, as revenue fell £23.8m (14%) from £176.4m to £152.6m, partly due to COVID, while expenses increased £45m (28%), including an additional month of accounts. Profit on player sales was up £2m to £26m. Loss after tax was £23m. 
Main driver of #NUFC revenue reduction was broadcasting, which fell £18m (14%) from £124m to £106m, while match day dropped £7.4m (30%) from £24.8m to £17.4m. However, commercial rose £1.4m (5%) from £27.7m to £29.1m, including £1.2m from government job retention scheme.
