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Deloitte Reveal: Newcastle 19th richest club in World but bottom for ambition

7 years ago

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.

The 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.


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