Newcastle Utd reveal financial figures

Newcastle Owner Mike Ashley and former Director of Football Joe Kinnear
Newcastle Owner Mike Ashley and former Director of Football Joe Kinnear
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NEWCASTLE United has revealed it made almost £10m in 2012-13.

The club today published its financial figures for the year ending June 2013.

United recorded a profit after tax of £9.9m.

Newcastle bought six players in the period for a cash outlay of £28.7m.

The results show it recouped £11.7 on outgoing players.

United’s turnover increased to £95.9m – up from £93.3m – after a 24.2 per cent rise in commercial revenue, which grew to £17.1m.

The wage bill fell to £64.1m, with the wage-to-turnover ratio down four per cent to 64 per cent.

Newcastle’s debt – an interest-free loan owed to owner Mike Ashley – remains “static” at £129m.