Financial Forecast Newcastle United: Magpies looking to double pre-tax profit

6 September 2019

Newcastle United
Photo: Getty Images Owner Mike Ashley and managing director Lee Charnley are looking into another great year financially for the Magpies. With increased profits from player sales, the club are expected to more than double their pre-tax profit.

As part of our business analysis initiatives at Off The Pitch, we have analysed the major happenings in the recently closed 2018/19 financial year for all Premier League clubs.

Here are Newcastle United's 2018/19 finances predicted.

Mads Christian Fogt Jensen, analyst

Looking at the recently closed financial year of 2018/19, Newcastle are expected to report that their bottom line exceeds the profits generated in 2017/18. 

2018 was a remarkable year for Newcastle. The Magpies became the first club to lower their wage bill, and in turn their overall operating expenses, following a promotion from the Championship. Moreover, with revenues rocketing from once again taking a share of the Premier League's broadcasting payments, Newcastle managed to turn a pre-tax loss of £47 million in 2016/17 into a pre-tax profit of £23 million in 2017/18. 

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