Newcastle announce record profits….

Newcastle United Football Company Limited announces a record £18.7m profit after tax, up from £9.9m in 2013. It is the fourth consecutive year of recorded profit. Operational losses of £600,000 in 2013 have been turned into an operating profit of £4.7m as they continue to outperform UEFA Financial Fair Play regulations. Their turnover rose to £129.7m, up from £95.9m the previous year. Matchday revenue, which includes ticket sales and hospitality, dropped slightly to £25.9m from £27.8m in 2013, while season ticket renewal figures held steady, as did average Premier League attendances, which were 50,395 compared to 50,517 the previous season. The club’s debt remains at £129m in the form of an interest-free loan from owner Mike Ashley.

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