financial results

Newcastle United posted their 2019/20 financial results and boasted better numbers than the majority of Premier League clubs despite the disruption from Covid-19, says Swiss Ramble on Twitter. The Magpies posted a £26m loss (£23m after tax), considerably down from their £41m pre-tax profit from the previous year, but they did a lot better than most sides. United’s revenue fell to £152.6m, which was down 14% (£23.8m) from 2018/19. Expenses went up by £45m (28%), but the profit on player sales rose by £2m to £26m. Swiss Ramble notes that Newcastle’s suffered a big revenue loss from broadcasting, directly affected by the pandemic – the Toon Army lost £18m (14%) from the previous year’s total of £124m. Matchday revenue also slumped unsurprisingly. They posted £24.8m in 2018/19 and £17.4m in 20...