Newcastle United 'Out of Football Big Time' After Fall in Profits

Daily PostOctober 08, 2004

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Summary


A BUSINESS expert has claimed that Newcastle United's preliminary results indicate they have dropped out of the big time - despite the club's declaration that they are "delighted".

The club yesterday announced their operating profit dropped by pounds 3.3m for the year ending July 31, falling from pounds 11.6m to pounds 8.3m - a reduction of almost a quarter.

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Newcastle United 'Out of Football Big Time' After Fall in Profits

Group turnover fell pounds 6.2m to pounds 90.2m after the team failed to q...

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