MONEY SHOTS – A SHORT HISTORY OF MIKE ASHLEY AND HIS FINANCIAL OPERATIONS AT NEWCASTLE UNITED
This company had been trading since December 2002 and is a subsidiary of Newcastle United PLC. It was set up to acquire and exploit an exclusive license of the internet and certain media rights of Newcastle United including the operating and hosting of the club’s website. In 2007 nufc.co.uk recorded £474k income, although during the year the termination of the website’s betting partnership, caused a drop in income Newcastle United Football Company Limited This company has been incorporated since March 1899 and have been submitting accounts to companies house since 1974. It is set up as a professional football club with ancillary activities. We are able to do a segmental breakdown of income into Media, commercial and match day income. As the club had finished 13th it suffered a 15% fall in central distribution media income from the previous season however, channel 5’s broadcasting of our www.true-faith.co.uk
UEFA Cup campaign partially offset that reduction. Commercial income grew as a result of increased sponsorship and catering / banqueting due to our UEFA cup campaign. At this point most of our match day income was housed in St James’ Newcastle Limited and Newcastle United Football Company charged a management fee roughly equal to the level of match day income. As this is already included above, we have not included it again as management fee income in Newcastle United Football Company. • Media income was £25.9m • Commercial Income was £23.5m • Match Day Income was £1.9m Newcastle United PLC This is the ultimate controlling party and the Parent company has responsible for the consolidated group accounts. It presents the overall, group income, which includes any of it’s own generated income as £87.1m broken down as follows:
• Commercial £27.6m which represented 31.7% of income • Match Day £33.6m which represented 38.5% of income • Media £25.9m which represented 29.7% of income Year Ending 30th June 2008 St James’ Park Newcastle Limited Following repayment of securitised loans in Sept 2007, the company were no longer required to collect ticket revenues on behalf of the group, the directors decided to transfer season ticket income into Newcastle United Football Company from this point.
a result of the new Premier League TV deal. With no European participation, match day and commercial revenue decreased. • Media income was £41.1m • Commercial Income was £21.6m • Match Day Income was £6.65m Newcastle United Limited This name change reflects the status as a privately owned company, which was now wholly owned and controlled by St James Holdings Limited. In this year consolidated group accounts were reported through St James Holdings as well as Newcastle United Limited.
In 2008 St James’ Park Newcastle Limited recorded Income of £23.6m
In 2008 it records group income as £99.4m broken down as follows:
Newcastle United Enterprises Limited In 2008 Newcastle United Enterprises recorded income of £3.9m
In 2008 nufc.co.uk recorded income of £556k
• Commercial £25.9m which represented 26.1% of income • Media £41.1m which represented 41.4% of income • Match Day £32.3m which represented 32.6% of income
Newcastle United Football Company Limited The club’s turnover increased this year largely as
Year Ending 30th June 2009 St James’ Park Newcastle Limited The company was no
nufc.co.uk Limited
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