On Tuesday Premier League side Newcastle Untied announced a healthy $16 million profit for the financial year ending June 2013.
But don’t expect the good news to stop there, as since then Newcastle has also sold prized asset Yohan Cabaye to Paris Saint-Germain for $30 million in January, as the North east club seems to be making much-maligned owner Mike Ashley a tidy profit each year.
In 2011-12 the club made a profit of just $2.4 million, but with that figure increasing significantly this year, it must be down to not spending money on new players, right?
On the contrary Newcastle shelled out over $42 million on new players in 2012-13, as the likes of Mathieu Debuchy, Yoan Gouffran, Massadio Haïdara, Moussa Sissoko and Mapou Yanga-Mbiwa all signed in January 2013.
(MORE: Rumors resurface that Vince McMahon wants to buy Newcastle)
The club has also released the wage bill for the entire playing staff, and it has decreased slightly from $96 million to $93 million and the Magpies wage-to-turnover ratio now stands at 64 per cent, which is a down four per cent on last year. All of this bodes quite well for the club to run in line with UEFA’s new Financial Fair Play rules which are now having a huge impact on the way soccer teams are managed across Europe. Failure to follow these regulations will see bans put on any offending teams and disqualification from European competitions.
As for the debt the club is in, apparently the only debt they have is in the form of a $195 million interest-free loan from owner Mike Ashley. If all those number are starting to make your head spin, let’s put it in layman’s terms: Newcastle are pretty sound financially and with crowds of over 50,000 turning up each week and spending plenty of money on merchandise, that trend won’t stop anytime soon.
Good news for the Geordies.
Marek Hamsik hit a ball with such momentous force that we’re not sure it rotated more than three full turns on its 20-yard flight into the goal.
The Slovakia star’s goal equalized a friendly with Germany at 1, and Repre went on to hammer the reigning World Cup champs by a 3-1 score.
[ USMNT-BOLIVIA: Recap | 3 things | Player ratings ]
I mean, really, what a hit. Bernd Leno had little hope of touching it.
Longtime Manchester United midfielder Michael Carrick spoke glowingly of new boss Jose Mourinho amidst rumors he’ll sign a one-year extension with the Old Trafford set.
Carrick, 34, joined United from Tottenham in 2006, and has won major trophy after major trophy with the club. He wants more, and he doesn’t care how.
[ MORE: United hires Mourinho | Things he must do ]
The 34-times capped English midfielder has 421 appearances for United, and could fit neatly into a Mourinho system.
From The Mirror:
“You have to be number one and winning trophies and if you can do that with a bit of style and a bit of flair then that is the perfect match but first and foremost it is about winning and getting back on top.
“There is going to be change without a doubt because he is coming in and he is his own man.
“He has got an unbelievable track record and everyone is looking for quick results and that’s how it is.”
We have to wonder how the United fans who booed Louis Van Gaal after every turn will react to these comments, although wins cure everything, right?
There were many rumors than N'Golo Kante had a deal that would allow him to leave Leicester City, but the midfielder doesn’t sound like the leaving type.
According to L’Equipe, Kante isn’t looking to leave the Premier League champions, and is content to play in the UEFA Champions League with the Foxes next season.
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He’s been tipped to move to Real Madrid and Manchester City amongst other potential stops.
“For now, I am happy at Leicester,” he said. “I do not pay too much attention to everything that is said.”
That vibe is running through the headlines today, as UEFA Champions League winners Karim Benzema and James Rodriguez say they want to stay at Real Madrid, and Isco is also happy to come back to the Bernabeu to make a run at a first La Liga title since the 2011-12 season.
Steve Bruce saw Hull City go down to the Championship, and pulled the Tigers right back up the Premier League.
Hull won promotion at the first time of asking after defeating Sheffield Wednesday 1-0 on Saturday, but Bruce wants to see stability at the KC Stadium.
[ USMNT-BOLIVIA: Recap | 3 things | Player ratings ]
The club remains up for sale after owner Assem Allam saw his request to change the team name to Hull Tigers denied by the English Football Association.
From the BBC:
“I’ll sit down with the owners. It’s not often you walk away from the Premier League – that’s where I want to manage,” Bruce told BBC Radio 5 live.
“But I have to be given certain assurances that we’re all moving in the right direction.
“I keep hearing too many stories that there’s a takeover imminent. We’ll see what develops,” added the 55-year-old.
The longtime Manchester United back has been around the managerial block a few times, and it’d be nice to see him stay at Hull for the long term. He’s led the Tigers into the Premier League on two occasions, and is — seriously — the seventh longest tenured manager in the Football League. He would enter the Premier League as the second-longest serving manager, to Arsene Wenger.