Financial Forecast Newcastle United: Magpies looking to double pre-tax profit
6 September 2019
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.
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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