Just saw this morning on The Mag that the latest Deloitte report shows that Newcastle United are the 19th richest club in the World according to turnover.

There may not be a Deloitte published table for ambition but if there was, Newcastle under Mike Ashley would undoubtedly be rock bottom.

mike ashleyThe club turnover in the 2013/14 has risen from  £95.9m (2012/13) to £129.7m, almost totally down to the new massive TV deals kicking in last season.

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Remember as well this figure of almost £130m comes before player trading, last season Mike Ashley sold Yohan Cabaye for around £20m and didn’t buy a single player.

No wonder it is widely thought that when Newcastle United do eventually release their accounts for last season, they will show a huge profit of around £50m.

The rest of the top 20 in the Deloitte rich list is basically a who’s who of Champions League clubs, until you get to Newcastle…

United are the seventh highest English club and over £9m ahead of Everton in 20th place.

As one of the seven richest clubs in England that should mean finishing outside the top seven Premier League placings should be seen as abject failure, not all of this nonsense of being top is some kind of success.

These latest Deloitte financial figures prove yet again that Newcastle United have everything they need to compete towards the top end of the Prremier League and to have valid European aspirations – the only thing that is going wrong is having Mike Ashley owning the club.

Remember as well that the matchday and commercial revenues have collapsed under Mike Ashley’s handling of the club, just imagine if all the advertising was paid for at the club and we had a top commercial team out there signing deals to bring in more off the pitch money.

Mike Ashley and the national and local media who are under his thumb, constantly have put out the message that we are somehow paupers who can’t be expected to compete with the likes of Southampton and Swansea when it comes to the transfer market. Newcastle United fans need to regain their self-respect and realise just what our club could be if Mike Ashley wasn’t here.

While getting rid of Ashley is no easy matter, all Newcastle fans opening their eyes to the reality is a major start.

  • Paul Patterson

    Imagine signing a deal with a major brand for the front of kits, imagine getting a better kit maker, imagine getting a brand on the hoardings etc, etc. It’s all money. Money the club are not getting.
    Imagine having an owner that is liked and fans buy into his products- more money. Money the club is not getting.
    People say Mike Ashley is a good businessman- rubbish! He is lucky, pure and simple.
    He even made money out of flogging Pardew.

  • No Brainer

    I agree with the writers point about this 

    ‘As one of the seven richest clubs in England that should mean finishing outside the top seven Premier League placings should be seen as abject failure, not all of this nonsense of being top is some kind of success.’

    but as the clubs funds are far removed from top 13 more pertinently top six I am willing to accept variables between position 5 and 10 thats football, injuries, referees and of course that central to the game is a ball which is void of a logical brain. 
    However as often is the case here on the THEMAG statements like this one below are patently untrue and based on local myth and legend. Often using the year which the previous owners banked almost all of the previous sponsorship deal as evidence of growth and achievement when it was really the hocking of future revenues.

    The following statements within the article are simply untrue and both defamatory and inflammatory. Serving no purpose to fans.  
    Instead of 

    ‘Remember as well that the matchday and commercial revenues have collapsed under Mike Ashley’s handling of the club, just imagine if all the advertising was paid for at the club and we had a top commercial team out there signing deals to bring in more off the pitch money.’

    Deloitte’s actual report stated

    http://www.bbc.co.uk/sport/0/football/30915985
    “Magpies in rude health
    Newcastle owner Mike Ashley has his detractors, but Deloitte’s list shows the retail tycoon is not a billionaire for nothing. Although success in major competitions remains elusive, Newcastle’s large stadium and strong commercial deals puts them in a respectable 19th place on the list.
    An average attendance of 50,688 at St James’ Park was the third highest in the Premier League last season, while Deloitte notes the club’s commercial income increased by an “impressive” 50%, to £25.6m in 2013/14. “Newcastle United are commercially in the strongest position in their history,” the report adds.”

  • No Brainer

    Paul Patterson Lucky Lucky

  • Brownale69

    So have the “debts” been paid off?? Or where is all this money going?

  • pissed off mag

    we will finish 19th inthe prem if were lucky

  • amacdee

    No Brainer It increased “impressivley” because it was at a lowpoint of £17.8m last financial year marginally better than the previous years £13.8m. Whereas Tottenham’s commercial income was nearly £50m and Everton’s not too far behind.

    It is also wrong to say “Newcastle United are commercially in the strongest position in their history,” as 2005/06 we made almost £28m but that was in the good old days before Fatman arrived to plunder the club.

  • No Brainer

    You need to take that up with deloitte’s not me its their words not mine.
    I believe they have taken into account fred put three years money for sponsor ship into one years revenues.

  • Bachman

    The difference between Ashley and every other club on that table is that NUFC is run with a view to making profit at the expense of success on the football pitch.

    It is almost irrelevent!

    Every other club on there is still run as a business – They’re all in it to make money regardless of how much they may spend on players for example

    But the huge difference is that they do it with a view to what happens on the football pitch has a significant impact on the business and the bottom line as well

    Ashley prefers to strip assets and get what he can for them to make profit

  • Bachman

    amacdee No Brainer (i think) this is with regards football revenue, i.e. turnover rather than net profit