Alan Pardew believes NUFC fans should be pleased with club finances

WORDS OF WARNING ... Newcastle United manager Alan Pardew.
WORDS OF WARNING ... Newcastle United manager Alan Pardew.

ALAN Pardew says Newcastle United fans should be delighted with the club’s success off the field as well as on it.

Yesterday United announced that the club was getting back in the black – having reported annual losses of just £3.9million compared to an operating loss of more than £30million from the previous campaign.

Pardew believes that is cause for celebration as the club looks to move forward on a firmer financial footing.

And the Newcastle boss is well aware that of the problems being faced by other clubs.

“I think our fans should be pleased,” he said.

“There are a lot of fans up and down the country – Port Vale this week – where you could really worry about your football club in terms of the financial standing of it.

“We haven’t got that going on, we are in a good financial situation.

“Mike (Ashley), Derek (Llambias), Lee Charnley and the board here have worked really hard with the finances and we have discipline in that sense.

“We have to be competitive within that financial discipline.”

Despite United running a tight ship these days in terms of finances, Pardew is still confident that cash can be found to strengthen the side in the summer.

But he knows that events on the field could boost his transfer war chest, with United hoping to cash in on the extra money that European football would bring.

He added: “Obviously I would like more and I have to get a small revenue.

“Hopefully that will start if we get into Europe that will help.”

Whether or not United qualify for continental competition this term, the United boss believes the club are going about things in the right manner, particularly in these times of austerity.

“We are in great shape.” he said. “ And that is good news for us as we look to progress.

“We know it’s not easy at the moment, I pick up a local paper and see that jobs are tough up here.

“We aren’t laying people off we are probably going to employ a few extra.

“So that’s a good thing.”