Newcastle post record profit

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Published: Monday 30th March 2015 by The News Editor

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Newcastle have announced record profits of £18.7million last season due to increases in television income and new deals with sponsors.

The club also saw revenues increase by 35 per cent from £95.9million to £129.7million, the club said.

More than half Newcastle’s income – £78.3million – came from the new Premier League television rights deals, with commercial income also increasing.

A Newcastle statement said: “Most significantly, the club reported strong commercial revenue growth delivering £25.6million in 2014, up from £17.1million in 2013. This 49.7 per cent increase was largely the result of two lucrative new deals with the club’s principal sponsors, Wonga and Puma.”

Published: Monday 30th March 2015 by The News Editor

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