Jammy89
31-08-2017, 11:12 PM
Someone posted this on Newcastle Facebook group and i thought it was interesting enough to post here.
Those who economically good - does this make sense? Is it plausible etc?
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I don't know if anyone else has been enough of a sad **** to look through the clubs publicly available accounts but let me sum it up.
Last accounts available are for the 15/16 season but using date from other clubs accounts i've pieced together what i think will be an accurate picture of the financial reality at NUFC.
Last season we would have made about £22m in match-day revenue. Probably another £15-20m in commercial revenue and about £45m in media revenue. So Revenue of about £87m. Not bad is it. Well it's down £30m on the previous year but then we had a net transfer profit of about £30m didn't we?
Did we? Simply put no. We spent about £11m on agent fees so that figure becomes only £19m net.
But still that is £106m. Although then you have to factor in that we paid a reported £73m in player wages. And on top of that we paid £3m to Rafa for the season. And an apparent £1m further to his backroom staff. And £150,000 to Lee Charnley of course.
Oh but one more thing in the accounts. You know how Mike Ashley hates paying in installments for players? He made an exception the year we went down.
And that meant that last year in addition to what we spent on players in the summer we spent £28m on transfers of players we already had at the club.
All of a sudden our net profit in transfers last summer disappeared fast and all of a sudden i can see why we needed another £15m loan from Mike Ashley last season to keep our head above water.
So simply put going into this season i am quite confidant in saying that there was no money. Or at least there was very little money. And it looks like Rafa did get every penny. There just weren't all that many pennies.
Those who economically good - does this make sense? Is it plausible etc?
---------------------------------------------------------------------------------------
I don't know if anyone else has been enough of a sad **** to look through the clubs publicly available accounts but let me sum it up.
Last accounts available are for the 15/16 season but using date from other clubs accounts i've pieced together what i think will be an accurate picture of the financial reality at NUFC.
Last season we would have made about £22m in match-day revenue. Probably another £15-20m in commercial revenue and about £45m in media revenue. So Revenue of about £87m. Not bad is it. Well it's down £30m on the previous year but then we had a net transfer profit of about £30m didn't we?
Did we? Simply put no. We spent about £11m on agent fees so that figure becomes only £19m net.
But still that is £106m. Although then you have to factor in that we paid a reported £73m in player wages. And on top of that we paid £3m to Rafa for the season. And an apparent £1m further to his backroom staff. And £150,000 to Lee Charnley of course.
Oh but one more thing in the accounts. You know how Mike Ashley hates paying in installments for players? He made an exception the year we went down.
And that meant that last year in addition to what we spent on players in the summer we spent £28m on transfers of players we already had at the club.
All of a sudden our net profit in transfers last summer disappeared fast and all of a sudden i can see why we needed another £15m loan from Mike Ashley last season to keep our head above water.
So simply put going into this season i am quite confidant in saying that there was no money. Or at least there was very little money. And it looks like Rafa did get every penny. There just weren't all that many pennies.