Newcastle United Commercial Revenue Down £10m – EVERY Other Premier League Club Increases
Some startling new analysis proves just how shocking the Mike Ashley finances are at Newcastle United.
In the last season before Ashley arrived the Commercial revenue at Newcastle was £27.6m, after six years under Mike Ashley‘s ownership the Commercial revenue in the recently released 2012/13 figures was £17.1m. A shocking state of affairs that sees the club turning over £10.5m less per season than United did six years previously. Astounding.
What makes it so much worse though is that EVERY other Premier League club has seen their commercial revenue go up.
While Newcastle’s commercial revenue has dropped by almost 40% in that six year period, all of our competitors have benefited from a rise.
110% Man Utd
21% West Ham
-(Minus!) 30% Newcastle United
I make no apologies for reprinting the following yet again from what Newcastle United published when they released those latest 2012/13 accounts, which reminded us of just how desperate Newcastle United commercial revenue was – £17.1m compared to the £27.6m of six years previous;
“Matchday and commercial revenue is a key driver because that is where the club can compete with – and outperform – its competitors to enhance its spending capabilities.”
It really beggars belief that Mike Ashley can put that quote out and expect anybody, especially fans, to believe it.
Sad thing is that there are some of those people about and just as bad, if not worse, is that much of the press is more than happy to just repeat the ‘information’ put out by the club.
Thanks to the great work by Chris at nufc.ashlies.blogspot.co.uk for the great analysis and well worth visiting his blog for more info/education.
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