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Rangers, Port Vale, Portsmouth… Newcastle United?

10 years ago

Newcastle United’s latest financial figures were undoubtedly a positive compared to what has happened in recent times.

Yes it is great that we aren’t wasting bucketfuls of cash (we don’t have) on Boumsong, Luque and Owen, or indeed Viduka, Smith, Geremi….

However, I think some of our fans need a reality check because they are heaping praise on Ashley for NUFC not becoming a Portsmouth, Rangers or even a…..Port Vale!

Newcastle United has been run really poorly, including the first years under Ashley, but to compare United’s situation to those three is ludicrous.

Problem for a club like Newcastle isn’t generally about how much cash they bring in, it is what goes out the other end.

Newcastle United have the third biggest crowds in the country, massive corporate facilities, the English Premier League TV money is most lucrative in the world with United guaranteed over £40m a season….on the other hand you have a small club like Portsmouth with a decrepit ground and now no access to the big TV money, while at Rangers they might have the crowds but the Scottish TV deal recently signed will mean a total of £16m per season shared between all ten teams, as for Port Vale…..

Even making money isn’t a problem, in the short-term, as you know each summer pretty much what you will bring in that season, give or take a few million. Wolves have made a profit in each of the last few seasons while the latest figures for Blackpool show one of the owners(Owen Oyston) taking out over £11m thanks to their one year stay in the Premier League, where Ian Hooloway performed miracles on a very strict budget in almost keeping them up.

At the start of their Premiership season, Blackpool made a conscious decision to not allocate all of the income they knew was coming in, either so they could take it out or to protect the future financial well being of the club…you pay your money and make your choice!

Newcastle United’s natural place is where they are, in the top seven of the Premier League, not in the Championship, League Two, or even Scotland.

How high up in that top seven they could potentially go in the coming years (and months!) is down to how well, whoever runs Newcastle United, harnesses its potential.


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