The Newcastle United accounts for 2016/17 went public on Wednesday.

The big headline news being that with now the fuller information to hand, financial analysts showed that the actual ‘real’ loss in the Championship season had been under £20m, rather than the £90m ‘accountancy’ one that the club had been pushing when they put out their selected headline figures earlier.

However, the full Newcastle United accounts showed a number of other interesting things.

One that hasn’t been covered in any great detail is money owed for players.

Comparing and contrasting the figures for the last three years of accounts (2014/15, 2015/16, 2016/17) paints a picture.

Much has been made of Mike Ashley having been happy to see clubs pay over a number of years when buying players from NUFC and the growing evidence is below.

The accounts figures show a total of what is still owed to Newcastle at the end of each season for players, with then a breakdown showing what money is due to be paid the following season, then how much in future seasons after that.

This is what Newcastle have been owed at the end of each of those three seasons on players (Newcastle United accounts for 2017/18 won’t be seen until next year):

2014/15 £21.9m owed to NUFC (£11.4m to be received in 2015/16 and £10.5m in future seasons)

2015/16 £32.2m owed to NUFC (£10.6m to be received in 2016/17 and £21.6m in future seasons)

2016/17 £60.7m owed to NUFC (£38.7m to be received in 2017/18 and £22.0m in future seasons)

For me, the doom and gloom of the bleak picture the club were trying to paint is well and truly lifting, when as well as the money that comes with being in the Premier League, you also see that NUFC were due to be paid a massive £38.7m this current year/season for players sold in previous years!

This is very encouraging surely for when it comes to what Rafa Benitez could and should be potentially backed with this summer, though it is only half the story, as maybe surprisingly, Newcastle have significant figures doing it the other way over the three years of accounts, in terms of buying players over a number of seasons.

This is what Newcastle have owed at the end of each of those three seasons on players (Newcastle United accounts for 2017/18 won’t be seen until next year):

2014/15 £5.5m owed by NUFC (£2.1m to be paid in 2015/16 and £3.3m in future seasons)

2015/16 £38.3m owed by NUFC (£28.4m to be paid in 2016/17 and £9.9m in future seasons)

2016/17 £24.5m owed by NUFC (£17.1m to be paid in 2017/18 and £7.4m in future seasons)

Looking at the massive jump from money owed on players from £5.5m at the end of 2014/15 to £38.3m owed at the end of 2015/16, I think the vast bulk of that must be down to when in January 2016 Mike Ashley was desperate to avoid relegation and over £30m was spent on Shelvey, Townsend and Saivet. The club not having the money to buy them up front and so Ashley buying on credit, rather than putting his own money in to cover the buys.

When we look at this past season and Rafa Benitez not getting the money he was expecting to get for transfers, we have a big clue as to one of the reasons.

In 2016/17 Newcastle were due to get £10.6m from players sold in the past BUT had to pay out £28.4m for players they had bought, so a net £17.8m going out, that is £17.8m knocked off Rafa’s budget for starters when it came to summer 2017!

The good news though is now it is going the other way, this current 2017/18 season Newcastle were due to bank £38.7m from players sold previously and only £17.1m to go out on past buys, a net positive of £21.6m!

So summer 2017 we saw Rafa getting £17.8m less for his transfer budget but now he should be getting a bonus £21.6m, if Mike Ashley keeps to his ‘every penny’ promise.

Adding on the cash flowing from Premier League revenues this season, no excuse for Rafa Benitez not to be getting serious backing this summer.

2016/17 Newcastle United Accounts:

Debtors:

Amounts falling due after one year:

‘Included within trade debtors are amounts totalling £60.7m relating to the consideration receivable for the sale of player registrations, including £38.7m expected to be recovered in more than 12 months.’

2015/16 Newcastle United Accounts:

‘Included within trade debtors are amounts totalling £32.2m (2015: £21.9m) relating to the consideration receivable for the sale of player registrations, including £10.6m (2015: £11.4m) expected to be recovered in more than 12 months.’

2016/17 Newcastle United Accounts:

Creditors:

Amounts falling due within one year:

‘Including within the above are amounts totalling £17.1m relating to consideration payable for player registrations.’

Amounts falling due after one year:

‘Including within the above are amounts totalling £7.4m relating to consideration payable for player registrations.’

2015/16 Newcastle United Accounts:

Amounts falling due within one year:

‘Including within accruals above are amounts totalling £28.4m (2015: £2.1m) relating to consideration payable for player registrations.’

Amounts falling due after one year:

‘Including within accruals above are amounts totalling £9.9m (2015: £3.3m) relating to consideration payable for player registrations.’



  • JonMag

    the only good news would be the Fat [email protected]@k getting eaten by a Great White on holiday off Barbados

    • Leazes.

      Florida

    • Billmag

      There isn’t an animal big enough on earth to swallow him.

  • TheFatController

    I love the Ashley PR spinners and apologists

    When the topic is ‘he’s a bad owner’ they tell us the club was a financial mess before he came along and now it’s financially stable and thus worth £400m of anyone’s money.

    Then when the transfer window comes along, there’s not much money around and we are all too stupid to understand why smaller clubs (in terms of match day revenues and commercial) sign players for £20m+.

    So which is it? The club’s sound financially or hasn’t got a pot to pee in so don’t expect any signings?

    (And for the apologists, a straight answer is all that’s needed, don’t do the usual ‘it’s not that simple and if I say a lot of nonsense I can avoid the obvious’…)

    • Leazes.

      Yes absolutely…..

      • TheFatController

        True but maybe a bit harsh, especially as the Chron always bring in a specialist Fisher Price calculator to help with their analysis ….

    • Tweed Mag

      Exactly. I’m sure everyone would just like to hear that Rafa has been given sufficient funds to strengthen the team for next season. We don’t need to know the exact amount as this would make potential sellers/agents greedy. Plain language, no spin and signs of ambition are what we want to hear.

    • Wor Lass

      I await Blobbi`s explanation with interest!

      • TheFatController

        There’s only two answers I will accept

        A) owner is rubbish
        B) big transfer pot

    • Paul Patterson

      Another problem is that it seems to take forever for a meeting/conference to take place.
      The second we were mathematically safe, there should have been a sit down meeting between Rafa/Charnley and Ashley with £Xm being confirmed as the transfer budget, even if it was nothing. Instead the owner is off on his hols and everyone hasn’t a Scooby. The club is run by a chancer and a bluff merchant who’s interests are not Newcastle Uniteds.

      • Leazes.

        Oh yes! Why does the Chairman hide all of the time….he’s a shambles?

        Now with the publication of the ‘season before lasts’ accounts…. I don’t forget that we’ve had a season of money as well, and were sitting on the first ‘traunch’ of Sky money in January followed by the rest in May/June.

        The accounts are a year/season out of synch.

    • Wezza147

      The point is they’re not real Newcastle fans. They’re sad trolls.
      We as legitimate Newcastle fans know that nobody in their right mind would praise Ashley for 2 relegations, chances of more, penny pinching, down sizing the club to just barely function all the while not being able to compete with Stoke.
      Even Pellegrinni has been promised money and we are led to believe we cant compete with them?
      We all know where the money goes and it’s in MASH Holdings and other companies. He ain’t selling whilst taking 100m plus per season.
      Trolls, won’t acknowledge you anymore cos you’re not worth it. Don’t bother replying cos you’re all blocked.

  • Dont stop bobbi fleckman

    We’ll Jim, you should be thanking Monkseaton Mag for the information on debtorsdeb he highlighted it for you yesterday. It’s a pity the angry posters didn’t understand him.

    • Monkseaton Magpies

      Thanks please see my comment above re deferred income £23m as no one in the press including the football expert from Liverpool seems to have picked up on that and it is a large figure.

      • TheFatController

        So you’re saying the finances are actually worse than we’re all saying.

        How come you also say Ashley is our saviour and a financial guru for the club?

        Which is it? Out of control finances or Ashley is a genius and there’ll be big summer signings?

        You confuse me on this issue .

        • Mack Edwards

          Listen to Leazes advice – just block them and you won’t be irritated by them again. You can’t reason with them they “talk” nonsense every time they hit the keyboard.

        • Jezza

          Just block the sad pathetic troll for the love of God.

        • Monkseaton Magpies

          What I am saying is that if we receive all the money for players sold, pay for all the players bought and put the season ticket money taken for next season and sponsorship we are about even at the bank at the end of the season before last. The season just gone should show a profit of round fifty million but will not find that out till a years time. Need to get the Commercial income up to £30m.

          • TheFatController

            So you’re agreeing Ashley is rubbish. That’s not a question, you’ve agreed it.

            We have no money. Other clubs have loads. Ashley is therefore consigned to rubbish owner forever.

            No more trolling thanks .

          • Monkseaton Magpies

            I agrre that we are trying to compete and are spending massive amounts on wages compared to the likes of Brighton and Huddersfield. Until some other person comes in with three hundred and fifty million we are reliant on his generosity.

          • Wezza147

            Aye just block them mate. They’re not real Newcastle fans their Manchester Utd fan brothers with way too time on their hands. They love Ashley cos one works in his shop on zero hours.

  • Paul Patterson

    The accounts can show a £200m profit on whatever, but one things for certain, Rafa won’t be getting it.

  • MD-NW

    So, if the price for the club is apparently set at £400 mil, does this account for the £60 mil in outstanding payments due to be received, or is the price in fact £460mil?

  • Wor Lass

    Jim, you`re making that basic error of equating money coming in with Rafa getting his hands on it AND controlling who it`s spent on. Past history is a good guide to future behaviour.

    • Guest 2

      Swissramble Twitter page is showing most of his dissection of the accounts.

    • Jezza

      Precisely. No matter how much money comes into the club it all goes straight into the fat pig’s pocket. If the club reaped a billion Pound windfall we still wouldn’t be able to match the transfer spending of Carlisle and Hartlepool.

  • TheNutJob

    Mike Ashley & promise in the same sentence
    😂😂

  • Dillon Tovak

    It’s funny how this can be labelled a must read, yet I regret reading it and feel I’ve wasted a little bit of my life.

    Another odd thing is how so many articles themes and writing styles are similar to one another on this site, regardless of the author??

    • Guest 2

      Maybe down to whoever is editing the articles?

      • Leazes.

        No its more than the daft headlines which seem to be put in by a different person without fully understanding the contents of the article beneath…. I’ve noticed that on many occasions.

        • Rich Lawson

          Their using the William Burroughs ”cut up” technique.

      • Dillon Tovak

        Someone edits these articles? The amount of spelling errors or missing words is crazy, I find it hard to believe 2 independent people have read them before they’re published.

    • Leazes.

      That’s because they are the same author…. many nom de plumes…. same right of centre politics, same literary style with a touch of femininity… I had identified the culprit as Simon van der velde…… he writes for the mag under his own name occasionally. Its a very cost effective way to produce an online fanzine.

      • TheFatController

        They need someone to numb their plumbs with a good well placed kick …

        • Leazes.

          Kick one you kick them both.

      • Rich Lawson

        So the whole editorial policy is a result of multiple personality disorder ? Hollywood Gold,Nick Cage to play all of them in the movie !

    • Peaky

      😂😂😂

    • Rich Lawson

      It’s like watching the X Files trying to keep up with the conspiracy theories on here at times,but where are The Lone Gunmen when we need them ?

  • Arty Hume

    Yet the underlying problem remains, TFCB! Its like rust on a car you cannot get rid of it until you cut it out! So it looks like we are on groundhog day again with the take over seemingly just another smoke screen AGAIN! He gets away with it every year as he knows where the mugs are, he’s pond life!

    • porciestreet

      Pondlife is useful…..!

  • Guest 2

    There’s also the mention of monies owed to HMRC, without the expected penalties. The accounts however do not indicate what that amount is.

    • Leazes.

      They’ve put aside about 2.5 million for that I think.

      • Guest 2

        Not sure where you get that figure from, Leazes? Even Swissramble states that the number is unquantified.

        • Leazes.

          Saw it somewhere…stuck in my mind it was a smallish figure…. I’m not going through the accounts again but there was a mention of the raid by HMRC in a ‘matter of fact’ tone.

          • TheFatController

            Agree the HMRC provision is in there.

          • Guest 2

            Is it? Out of interest, can you indicate where?

          • Leazes.

            Darn… Contingent Liability Note 26, p39

            Regarding players valued at £3.81m

          • Guest 2

            Er, I think you are reading that wrong. That figure is in regard to liabilities to other clubs for signing players.

            The HMRC situation follows that – and there’s no numbers. It states the numbers are in the Group accounts. MASH Holdings accounts aren;t due until July.

          • Leazes.

            Nah read the second paragraph it refers to the underpaid taxes and national insurance on the player valued in the first paragraph.

          • Guest 2

            The two are seperate issues. The paragraph relating to signing players is clearly based on games played by those players which would trigger payments – ” The Director does not currently think that such sums will be payable, on the basis that the qualifying criteria are not currently expected to be met”

            HMRC – ” In the opinion of the Director, at this stage in the process, there is insufficient information available to enable him to make a reliable estimate of either the un-accrued amount of any liability which may ultimately arise in this regard, or when any such sums become payable”

            HMRC claim is in relation to ALL transfers from 2010 onward.

          • Leazes.

            Okay I’ll buy that explanation.

          • Guest 2

            No worries. I just want to know where the numbers are! Accounts claim they are contained within ‘accruals’ of company statements – but I’ve looked at all the accounts involving the club and can’t find it anywhere.

          • Leazes.

            I’ll leave you to it…. it scrambles my brain.

          • Guest 2

            Raises more questions than answers, mate. Maybe tweet Swissramble, lol!

          • TheFatController

            Sorry meant ‘is referred to in them’

  • Sid James

    getting money from Mike Ashley, that`ll be another right Carry on

    • Leazes.

      You should be on stage.

      • Sid James

        that could turn out fatal

        • Leazes.

          I know that’s why I said it.

  • Monkseaton Magpies

    Yes I pointed this out in a post yesterday that we were due round £36m from net transfers in the next couple of years and some of this will all ready have come in. However do not forget what is known as defered income which is £23m at the year end. This is money in the bank from season ticket sales and sponsorship for future seasons so that works against us. So all in all the £36m good against the £23m bad just about wipes the overdraft out so do not get to excited.

    • TheFatController

      So Ashley has made us a financial basket case when compared to our rivals who make far less in Matchday, commercial and player sales incomes?

      How come you keep saying without him we’d be in a financial state ? You’re saying we are in a state, and thus can’t afford players to allow us to compete.

      You can’t have it both ways. Rubbish owner or great finances and Rafa can spend spend spend. Which is it ?

      • Jezza

        Don’t feed the troll, marra. Just block him.

        • TheFatController

          He never answers simple absolutes when asked.

          Because one minute he trolls ‘Ashley is a saviour’, then next day he trolls ‘Ashley can’t put more money in just cos the club can’t generate it itself ‘

          But when you expose that polarity, he’s dead in the water for the day.

          Which I think we can all agree is lovely.

          • Jezza

            The troll constantly contradicts himself and goes back on what he has said. In the run up to last summer’s transfer window he was repeatedly insisting that NUFC would spend “in excess of £100 million”. When the window ended with NUFC having barely spent a penny he repeatedly went to great lengths to explain that we were never going to be in a position to spend due to FFP reatrictions. Just block him, it’s the best way.

          • TheFatController

            I’m just interested in the truth of him.

            I can’t work out if he is just a PR bod for Ashley, but there’s too much dysfunction and frequency to make that plausible.

            Then he could be a non-NUFC supporting troll, very angry so enjoying angering others and control is the payoff (thus probably never leaving his house, where he has no control).

            Or third, exactly as that, but actually an NUFC supporter – given he’s quite up to date on affairs.

            Anyhow, for us this platform is an engaging hobby, for him it’s some sort of compulsive addiction – and there lies the polarised spectrum of the World Wide Web, from healthy to not so healthy !

            One day Ashley will go and we’ll have to talk players, tactics, memories again! But currently, the need for a new owner renders all that a sideshow sadly.

          • Jezza

            I can tell you exactly what he is. He’s a troll who supports Manchester and works in a S***s D****t shop. I know exactly who he is and I’ve seen his media social profile. You are right about his trolling being an addiction. He can’t help himself. He lives for it. Seeing the reaction that his trolling stirs up is the only thing in his sad creepy pathetic life that gives him any kind of validation. I’m sure this is not the only internet forum he trolls, not by a long chalk. I don’t know why he has chosen to target Newcastle fans other than the fact that our club is owned by his employer but the troll and his brother have been at us for years and have been responsible for at least two other NUFC fans forums being closed down.

          • TheFatController

            That’s good work finding him. Makes sense. In a world of serial killers and the like, it’s feasible people would get their kicks trolling to get reactions !

          • Monkseaton Magpies

            Jezza is bonkers and needs taking away. Nothing he says is correct. He clearly needs help. I am someone at every Newcastle game both home and away and in the top fifteen supporters of the club.

          • Hankandjerk

            Who creates the list of top supporters so we can check number 15 on the list and see who you are?

          • Monkseaton Magpies

            The club have the list and it’s based on the number of away games attended.

          • Toonrobbybobson

            Bipolar

  • nevfur

    Interesting that we all believed that we bought players up front and yet accepted instalments for players we sold yet now discover that’s not actually true. If we are prepared to follow that line, as many top clubs do, and with EPL riches to come, we should be able to buy better this summer than we thought

    • Jezza

      Don’t bulid your hopes up, marra. There will be nothing but loans and free transfers this summer.

    • Leazes.

      That’s because Ashley was so opposed to the practice when he came here…. he couldn’t understand why players were bought this way when it involved paying interest. Subsequently he called in the deals paid them off, didn’t amortise, and constructed a ‘debt’ along with the mortgage for the Stadium rebuild… now he’s playing the game like the rest deferred payments.

    • Guest 2

      That’s exactly what Ashley does. Outgoing contingencies are however based on signings meeting the qualifying critera (i.e.number of matches played etc). Plenty of times we all deduced that someone wasn’t getting game time because the club would have to pay out additional money.

  • Toon

    These ‘must read’ financial reviews from armchair accountants are laughable! Yes the figures may suggest this and that in black and white but without past and further objectives on spends you are just guessing, data and stats in print can mean anything when you pick at them

    • Leazes.

      Yes that’s what Charnley and Ashley do to them….. you can get an inkling that money is being hidden and tucked away, and not included…… if only we had some graphs to show the clubs turnover in comparison to those around us since Ashley bought the club…..

      …I like graphs.

  • Lewi

    I’m sure I’ve seen this article a few times over the last few years on here. Best we could really hope for this seasons is 50 million to spend and that’s including player sales. I really hope I’m wrong!

  • Rich Lawson

    All this would go away if Ashley just cut the c##p and came out with a stated figure to spend. It doesn’t seem unreasonable for any of the parties concerned (including us) to ask ? He must know already ?

    • Toonrobbybobson

      Im far from an Ashley fan wish he’d do one but in no terms should a club come out saying we are spending this. You approach to buy and player and instantly the price goes up if you are supposedly flush.

  • Albert Stubbins

    just seen a flying pig go past the office window- honestly I have- looked a bit like the fat lad as well.