• Club’s accounts for final financial year show healthy rise in profits
• Managing director ‘acknowledges seriousness’ of relegation threatNewcastle United’s accounts for the final financial year show a healthy increase in profits but the relegation-threatened club acknowledges that this surplus has since been spent and,right now, football results are all that matter.
The results show the club had £48.3m in the bank at the stop of their accounting period, or but the club’s net spend on players during the subsequent transfer windows amounted to just under £80m.
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Source: theguardian.com