[thenry]

Newcastle United 2012 detailed accounts have been published: profit of £1.4m (2011 £32.6m) #NUFC


The £31.3m fall in #NUFC profit explained by £31.4m reduction in profit on player sales from £36.7m to £6.5m, due to 2011 Andy Carroll sale.

#NUFC revenue rose 5% from £88.5m to £93.3m, which is 7th highest in England and 20th highest in the world.

#NUFC 2012 revenue £93.3m (2011 £88.5m): match day £23.9m (2011 £24.3m), TV £55.6m (2011 £48.5m), commercial £13.8m (2011 £15.8m).

#NUFC 2012 average attendance rose from 47,746 to 49,936 (3rd highest in England), but match day revenue down due to season ticket discounts

#NUFC 2012 TV revenue up £7m, mainly due to higher league position (5th vs 17th) and 2 more live televised matches.

#NUFC 2012 commercial revenue down £2m, but these figures exclude new Wonga sponsorship deal.

#NUFC 2012 staff costs up 20% to £64.1m (2011 £53.6m), leading to rise in wages to turnover ratio from 61% to 69%.

Despite much transfer activity, #NUFC 2012 player amortisation and impairment down £4.6m to £12.6m.

#NUFC spending in Jan window (Sissoko, Debuchy, Gouffran, Yanga-Mbiwa, Haidara) not included. Cost £27m, but player sales ( mainly Ba) £12m.

#NUFC 2012 gross debt down £11m to £129m (2011 £140m), made up of interest-free loans from owner Mike Ashley.

#NUFC 2012 net debt is only down £1m to £129m (2011 £130m), as prior year cash balances of £10m have become a £0.3m overdraft.

https://twitter.com/SwissRamble

detailed analysis of #NUFC finances from a year ago

http://swissramble.blogspot.ch/2012/...hern-town.html

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Tottenham Hotspur 2012 full accounts have been published: loss before tax £7.3m (2011 profit before tax £0.4m) #THFC


Thanks to tax credits, #THFC loss after tax smaller (than before tax loss) at £4.3m (2011 profit after tax £0.7m).

#THFC revenue dropped 12% from last year’s record £163.5m to £144.2m, which is still 6th highest in England and 13th highest in the world.

#THFC 2012 revenue £144.2.5m (2011 £163.5m): match day £41.1m (2011 £43.3m), TV £61.6m (2011 £83.1m), commercial £41.5m (2011 £37.1m).

Main reason for #THFC £19.3m revenue fall is going from Champions to Europa, cutting prize money & gate receipts by £30.7m (37.1m to 6.4m).

#THFC 2012 domestic TV revenue up £5m, mainly due to higher league position (4th vs 5th) and 6 more live televised matches.

#THFC 2012 commercial income up £4m, mainly due to more revenue from main sponsorship deal, offset by lower merchandising sales.

#THFC 2012 profit on player sales £9.2m similar to 2011 £8.6m, including Crouch, Palacios, Keane, O’Hara, Hutton, Pavlyuchenko and Corluka.

#THFC 2012 staff costs cut 1% to £90.2m (2011 £91.1m), though wages to turnover ratio rose from 56% to 63% following fall in revenue.

#THFC 2012 player amortisation fell £14.5m to £25m “as a result of significant player disposals”.

#THFC 2012 highest paid director received £2.2m (2011 £1.8m), presumably chairman Daniel Levy.

#THFC 2012 gross debt up £8m to £86m (2011 £78m), comprising bank loans and securitisation funds. Less £16m cash gives net debt of £70m.

#THFC 2012 net interest payable up to £5.7m (2011 £1m), mainly due to no interest credit on Preference Shares (£4m in 2011).

#THFC continued to invest heavily in the stadium project and new training centre – £42m net (according to cash flow statement).

#THFC finances will be boosted in 2012/13 season by hefty player sales, e.g. Modric to Real Madrid and Van der Vaart to Hamburg.

https://twitter.com/SwissRamble

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