From Start To Profit: Newcastle’s Guide To Forex Trading And Mining Success


From Start To Profit: Newcastle’s Guide To Forex Trading And Mining Success – Newcastle United’s 2021/22 accounts cover a season of major change, reflecting the club’s financial performance since ownership changed hands, as Mike Ashley’s long reign came to an end.

The club was acquired in October 2021 by Saudi Arabia’s Public Investment Fund (80% majority stake), as well as PCP Capital Partners (10%) and RB Sports & Media (10%). Therefore, these financial results include nine months under the new shareholders.

From Start To Profit: Newcastle’s Guide To Forex Trading And Mining Success

From Start To Profit: Newcastle's Guide To Forex Trading And Mining Success

It’s all but forgotten now, as Newcastle ride high in the league, but there was a clear threat of relegation when the new owners arrived, as the club languished in 19th place. As a result, head coach Steve Bruce left the stage again with Eddie Howe announced as his replacement.

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Newcastle’s pre-tax loss widened from £14m to a club record £73m, despite revenue increasing by £40m (28%) from £140m to £180m and profit from player sales rising £4m to £6m pound. This was because running costs increased by almost two-thirds (£102m) from £156m to £258m.

The club said this was “driven mainly by investment in the playing squad, in line with a long-term strategic objective to improve the competitive position of the team.”

It’s worth noting that Newcastle’s 2020/21 accounts only covered 11 months, as the previous reporting period was extended to 31 July 2020 to account for the COVID postponement of the end of that season.

This had little impact on revenue, as the vast majority occurs during the playing season, but the difference was more significant for costs, which accrue evenly throughout the year. Inside Greenwood’s move to Getafe The Briefing: Key talking points Imagining the January window Saudi Pro League transfer guide

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Mike Ashley’s frugality may have held Newcastle United back, but the club’s latest accounts show his frugality also means new owners can still spend big, even in an era of financial fair play.

While the Premier League’s FFP rules prevent the kind of short-term spending that followed the sale of Chelsea or Manchester City, the top flight’s £105m limit in cumulative losses over a three-year rolling period still leaves room for potential new ones. owners to underwrite significant financing.

In Newcastle’s case, their accounts for the year to 30 June 2019, released in recent days, highlight that their margin for spending is one of the biggest among top-flight clubs.

From Start To Profit: Newcastle's Guide To Forex Trading And Mining Success

Should the Amanda Staveley-led consortium looking to buy the club gain Premier League ratification, in a single season they could conceivably spend between £100m and £150m in the transfer market without worrying about FFP breaches.

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In theory, this number could turn out to be even higher, although it is difficult to fix an exact number. These latest accounts are for the 2018-19 campaign – not the current one – and the entire football industry has yet to discover the full extent of the financial impact of the coronavirus pandemic.

But while the specific figure is hard to pin down, a club that has made a profit in eight of the last nine years – with the 2016-17 Championship campaign the only exception – is ideally placed to absorb transfer spending. It is not the same among other clubs trying to break into the elite. Everton, for example, lost £111.8m last year, meaning any future investment owner Farhad Moshiri would have to make with FFP in mind.

For Newcastle, profit after tax in 2018-19 was £34.7m, up from £18.6m the previous year. The club’s wage-to-turnover ratio is just 54.9 per cent, the sixth lowest in the Premier League and well below the target of 60 per cent. And apart from a £111m long-term interest-free loan to Ashley, Newcastle are debt-free.

Justin Barnes, Ashley’s close associate, was tasked four years ago with streamlining Newcastle and ensuring the club was in an attractive, marketable position. On the evidence of the latest accounts, that is exactly what he has done.

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Still, while the landscape for potential team investment appears favorable to potential new owners, Staveley’s consortium would not inherit a club without difficulty should they gain Premier League approval for the takeover.

For starters, matchday earnings this season are almost certain to be down from the £24.8m taken last season.

While Newcastle’s average attendance in 2018-19 was 51,116, their median gates have decreased by almost 3,000 to 48,248 during the current campaign. Physical attendances have, anecdotally, looked far lower than that anyway, and the Newcastle United Supporters Trust (NUST) also claim that the club confirmed to them that 5,000 season ticket holders surrendered their season tickets last summer.

From Start To Profit: Newcastle's Guide To Forex Trading And Mining Success

While that means there will likely still be around 30,000 season-ticket holders – about 20,000 of whom are on long-term price freeze deals – the attendance problem became so acute that in December, about 10,000 extra half-season tickets were given away for free. Despite the expected increase in season ticket interest if Ashley leaves, matchday revenue – which accounts for 14 per cent of the club’s total turnover of £176.4m – will be reduced for 2019-20.

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That will be further enhanced by the fact that Newcastle still have five home games left this season. No refund plan has been communicated by the club, despite the Premier League confirming that all matches will be behind closed doors. The problem can be left to new owners to solve if they take responsibility.

Not only have direct debit payments continued to be taken for 2019-20 season tickets, but some fans with long-term plans have also seen their money – often running into hundreds of pounds – taken for the 2020-21 campaign.

There are doubts about whether any games will be in front of fans at St James’ Park next season – meaning a sixth of the club’s annual income could disappear – but despite the uncertainty, Newcastle still have not outlined to supporters when, or indeed. if, they will be refunded.

With the majority of the club’s non-playing staff on leave – the authorities pay 80 per cent of their wages and Newcastle top up the rest – box office staff have been unavailable to answer fan questions, while there has been no correspondence from chief executive Lee Charnley to supporters.

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From a purely business point of view, layoffs of employees have reduced costs in the last two months, and potentially alleviated losses. However, withdrawing from the public sector has led to criticism. The potential owners have already indicated that they will bring employees back from the public payroll.

If optics are the issue when it comes to layoffs, especially with the playing squad and coaching staff yet to take a pay cut or deferral, then finances are the concern when it comes to club debt. As of 30 June 2019, Newcastle’s only outstanding debt was £111 million owed to Ashley, an amount that would be written off as part of the £300 million price agreed for the purchase of the club.

Confirmation that Ashley repaid himself £33m last season – to return funds he loaned the club during the 2016-17 Championship campaign – could potentially affect Newcastle’s ability to navigate the financial turbulence caused by the coronavirus. The club’s cash balance fell from £33.8m to just £14m. That £19.8m year-on-year loss could have been lower had Ashley not taken back the short-term loan, potentially giving Newcastle more room to mitigate the current challenges.

From Start To Profit: Newcastle's Guide To Forex Trading And Mining Success

Firstly, the club’s commercial income is just £26.2m, down £500,000 on last season, a drop which the club said was due to “the success, the year before, of the three Ed Sheeran concerts” at St James’. Incredibly, the figure for 2018-19 is £1.4m down on 2006-07 (£27.6m), the year before Ashley took control.

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Indeed, although Newcastle’s revenue has grown by £89m since 2007, this boost has come almost entirely from an increase in Premier League TV money, rather than any other revenue stream.

According to Swiss Ramble, a respected football business blogger, Everton (£41m), West Ham United and Leicester City (both £36m) made significantly more than Newcastle commercially last year, while Manchester United brought in almost 10 times as much from sponsorship ties .

To show how far Newcastle have fallen behind in this area, their commercial revenue can be compared to Tottenham, who they previously outperformed. In 2006-07, the year before Ashley became involved at St James’ Park, Tottenham earned £25.4m from this revenue stream, £2.2m less than Newcastle. Last year Tottenham made £135m commercially, five times Newcastle’s equivalent return.

This summer, Newcastle’s main shirt sponsorship deal with Chinese betting company Fun88 is due to expire while they also need a new sleeve sponsor. And while a one-year extension is believed to have been tentatively agreed with Puma to supply the kit next season, a long-term partnership could still be put out to tender.

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With both their shirt sponsorship and supplier deals each believed to be worth around £6.5m per season, there seems to be room for

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