Newcastle publish 2021 accounts covering 11 months (13 in 2020) when Mike Ashley was still owner. 🔑 figures
Revenue £140m ⬇️ £13m
Wages £107m ⬇️ £14m
Loss £16m ⬇️ £27m
Player purchases £41m ⬇️ £35m
Debt £112m⬆️£5m
Cash £13m ⬇️£50m
Furlough claim £900k #NUFC
Total revenue down mainly due to shorter accounting period and so less earned from sponsors, plus a full year of matches played BCD.
Matchday revenue down 99% due to Covid. Even before Covid it had fallen by almost a quarter during the MA reign.
Broadcast revenue covers 38 matches, unlike many other clubs who had 44 in their 2020/21 accounts as they had 12 rather than 11 months in their accounting period.
Newcastle commercial revenue down 29% and lower than the first season that the club had under MA. Covid had an impact, but not the only reason for the poor figures as less than 10% of commercial revenue of MUFC, MCFC and LFC #NUFC
Wages on face of things down but 2021 figures cover 11 months compared to 13, so weekly wage actually increased from £52k to £54k a week. #NUFC
Other main cost relating to player is amortisation (transfer fees spread over contract length). This down by a third but mainly due to shorter accounting period and big write off of players in 2020.
Underlying losses before one off items and player sales down from £43m to £16m. This was slightly reduced by player sale profits. Overall profits under Ashley £30 million since he bought club.
Newcastle bought players for £41m and had sales of £2m, giving an overall net spend under MA of £195m in 14 years.
Gross squad cost at 30 June was £233m, less than a quarter of some other PL clubs.
Newcastle under MA appear to be the only Premier League club claiming furlough for the last two seasons. I guess that makes him unique.
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