Newcastle United Capital Expenditure 10 year figures published compared to ‘rival’ clubs – Embarrassing
Figures have been published showing the Newcastle United Capital Expenditure 10 year figures published compared to ‘rival’ clubs.
The excellent Swiss Ramble (a Swiss based English bloke who collates information and writes great pieces on the business of football) has done some great work on the subject.
He has recently done a range of studies on Premier League clubs but because of the period of time covered, Newcastle United are pitched in with Championship clubs.
The study on capital expenditure is for the 10 years up to 2017 and the last available financial figures for NUFC (as they are for many/most clubs) are for the 2016/17 season when Newcastle were in the second tier.
The Capital Expenditure definition is ‘Money spent by a business or organisation on acquiring or maintaining fixed assets, such as land, buildings, and equipment.’
Which in football terms is basically what any club spends on building/acquiring and maintaining their stadium and training complex.
So Swiss Ramble looked at the 23 clubs who were in the Championship in the 2016/17 season and how much they had spent on their stadiums/training grounds in the last decade.
As a nice bonus, this fitted in exactly with the first decade of Mike Ashley owning Newcastle United.
This is the Swiss Ramble table:
When presenting these figures, Swiss Ramble said;
“Thanks to the generosity of owner Tony Bloom, Brighton have invested a hefty £159m in the Amex Stadium and a new training facility.
“The next highest capital expenditure is Bristol City, £55m for the development at Ashton Gate.
“Worth noting just £10m at Newcastle United.”
As well as the refusal to allow proper investment in the first team playing squad, Newcastle fans have increasingly pointed out on the shameful lack of investment on St James Park, the training complex and the Academy.
Newcastle supporters using social media to publish countless photos showing how shabby St James Park is due to a lack of money spent on maintaining it, never mind the idea of improving the stadium, or increasing the capacity (plus of course these images from the training ground showing the use of wheelie bins and paddling pools, whilst others properly invest in the updated facilities).
Likewise, six years ago Mike Ashley announced that a new state of the art training complex was going to be built, saying this was absolutely essential if Newcastle United were going to compete with clubs towards the top end of the Premier League.
Six years later not one brick has been laid.
Never mind capital expenditure to ensure Newcastle compete with clubs in the top half of the Premier League, as the figures above show, Mike Ashley isn’t even willing to allow a level of spending on facilities that matches the likes of Preston, Brentford and Reading.
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