Archive for tag: Newcastle 20th richest in Europe.

Newcastle cling on to spot in rich list elite!

March 2nd, 2010 | 95 Comments |

Moneyball is a funny old game...
Moneyball is a funny old game...
It’s the time of the year when Deloitte publish their annual ‘rich list’ of European clubs, and this years report holds a pleasant surprise for Newcastle United and offers us fans another chance to stick two fingers up at opposition taunts with the revelation that the Toon still have a place in top 20 of Europe’s richest clubs.

If anything the list confirms something that a lot of us already know, that Newcastle United have massive potential to be European contenders. The list publishes figures from the 2008/09 season which we all know was hit by many many troubles on and off the field, a combination of which ended in our relegation.

The report takes into account money that is generated on a day-to-day basis and it reveals that Newcastle United managed to generate £86 million pounds in a relegation season, not bad and can only be bettered by the likes of the Big 4, Tottenham Hotspur and Manchester City from the domestic game. Of course, however much of that £86 million was then spent on wages and other day-to-day running costs is an open question that can only be answered by the official accounts being published. (more…)