Newcastle United Accounts Filed – Reveals which areas saw big fall in cash revenues
The Newcastle United Accounts for 2016/17 are now available at Companies House for the public to see.
The club released headline figures of the accounts last week but now we can see the detail.
Revenues were always going to go down in the Championship but in which areas were the biggest losses?
In total, Newcastle’s total revenues were £125.8m in 2015/16 in the Premier League but dropped to £85.7m in the Championship 2016/17 season.
Predictably, TV and Broadcasting (Media) showed the biggest drop, going down by over £25m (£72.6m to £47.4m).
Of that £47.4m, just over £41m was from PL parachute payments, with the rest down to money earned from finishing top of the second tier and number of times on live TV.
Home match attendances actually went up in the Championship from just under 50,000 to over 51,000 and that helped matchday revenue stay almost exactly the same, dropping only just over a million from £24.6m to £23.4m.
However, commercial revenues more than halved, from £25.1m to £12.1m.
So yet again, Newcastle fans come up trumps, with easily the biggest ever matchday revenues ever seen in the Championship.
Extract from the 2016/17 Newcastle United Accounts:
‘Relegation to the EFL Championship at the end of the 2015/16 season had a huge impact on the Group’s financial results for the year, as detailed in the financial overview below and clearly indicated by the following key performance indicators, used as a measure of the Group’s performance:
Turnover: £85.7m (£125.8m)
Matchday revenue: £23,449,000 (£24,699,000)
Media revenue: £47,411,000 (£72,673,000)
Commercial revenue: £12,136,000 (£25,101,000)
Other income: £2,689,000 (£3,282,000)
Average home league attendance: 51,108 (49,754)
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