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Newcastle United reveal £18.6m profit with latest accounts

Credit: Richard Sellers/PA Wire/PA Images

Newcastle United say the club is in a "healthy financial position" after making a profit of £18.6 million pounds in the year ending June 2018.

Accounts for the Magpies published on Thursday reveal that profit came after the club made a loss of more than £41 million pounds following relegation to the Championship in 2017.

Credit: Owen Humphreys/PA Archive/PA Images

A tenth-placed finish in our first season back in the Premier League was a fantastic achievement and I would like to thank everyone connected to the club – staff, players and fans – for their collective efforts.

The significant increase in revenue, together with prudent financial management, resulted in the club showing a profit and that is reassuring, given the substantial loss in the previous year.

There is much more work to be done but these positive financial results give the club a strong platform on which to build. We all want to see the club improve and be competitive at every level, and in every competition. We are convinced that the best route to achieving this is to do so sustainably, spending on young development players and adding high quality to the first team squad each season – players that can really make a difference and improve the team - without risking the financial health and stability of the club.

We strongly believe that consistently doing the above, and robustly following this policy, will give us the best possible chance of achieving our shared ambitions.”

– Lee Charnley, Newcastle United’s managing director

In a statement, the club says owner Mike Ashley has been repaid £33 million pounds from a loan to the club a decade ago. Mr Ashley is still owed £111 million pounds - but that amount will only be repaid if Newcastle United is sold.

Tributes paid after the death of North East football legend Ivor Broadis

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Tributes have been paid to former England, Newcastle United and Sunderland footballer Ivor Broadis, who has died.

He was 96-years-old.

Born in 1922, the forward played for Sunderland AFC between 1949 and 1951, before turning out for Newcastle United between 1953 and 1955.

Both clubs have paid tribute to their former player.

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After playing, Broadis took up a career as a football journalist which lasted for 45 years.

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Newcastle's Lejeune ruled out for remainder of the season with knee injury

Newcastle defender Florian Lejeune has been ruled out for the rest of the season after suffering a knee injury against Crystal Palace. Credit: PA

Newcastle defender Florian Lejeune has been ruled out for the rest of the season after suffering a knee injury against Crystal Palace on Saturday.

Lejeune was carried off on a stretcher in the second half of the 1-0 loss at St James' Park and the Magpies said in a statement on Monday the Frenchman had sustained a "significant" injury to his left knee.

The 27-year-old did not make his first appearance of the campaign until January after he injured his other knee during pre-season.

Newcastle said: "Lejeune has been ruled out for the remainder of the current season and further updates on his recovery will be provided in due course."

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Horse racing to resume in the North East and North Yorkshire

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The British Horseracing Authority has announced what they are calling a risk-managed return to racing.

Racing has been cancelled across the UK for 6 days due to an outbreak of equine flu.

It means racing WILL take place from Wednesday this week, but only with strict biosecurity controls in place.

It had meant racing at Newcastle last Friday and on Monday at Catterick were cancelled, but all meetings as of Wednesday will now go ahead.

“From the testing and analysis conducted the disease appears to be contained at present. The BHA veterinary committee believe that the swift controls on movement that were put in place have clearly helped to restrict the spread of this virus.

“Clearly, there is some risk associated with returning to racing. This risk has been assessed and, based on the evidence – and ensuring biosecurity measures are in place – the level of risk is viewed as acceptable.”

– Brant Dunshea, BHA

Sunderland star joins French side Bordeaux in permanent transfer

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Sunderland striker Josh Maja has left the club to join French side Bordeaux.

The 20-year-old academy graduate joins the French Ligue 1 side in a permanent deal.

Both clubs announced the transfer via their social media channels on Saturday morning.

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In a statement, Sunderland AFC said:

Josh Maja has completed a move to Bordeaux.

The 20-year old Sunderland AFC academy graduate has joined the French Ligue 1 side on a permanent basis.

– Sunderland AFC club statement

Maja is the Black Cats' top scorer so far this season.

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