Newcastle United 2023/24 accounts now published – Compared to 2022/23 accounts | OneFootball

The Newcastle United 2023/24 accounts have today (4 March 2025) been made public.

Tuesday afternoon seeing an official announcement/release by the club.

These Newcastle United 2023/24 accounts for the 12 months up to 30 June 2024.

Please find below a comparison to the 2022/23 season.

The headline figures from the Newcastle United 2023/24 accounts (in brackets the 2022/23 accounts in comparison:

Turnover: £320.3m (£250.3m)

Matchday Revenue: £50.1m (£37.9m)

Commercial Revenue: £83.6m (£43.9m)

Media Revenue excluding UEFA distributions: £154.0m (£165.5m)

UEFA Champions League distributions: £29.8m (£0)

Amortisation: £96.7m (£86.8m)

Operating profit before amortisation and impairment: £28.8m (£21.6m)

Operating profit/loss: £1.2m profit (64.9m loss)

Loss after tax: £11.1m loss (£71.8m loss)

Staff costs to turnover ratio: 68.3% (74%)

Club make public the Newcastle United 2023/24 accounts – 4 March 2025:

‘Newcastle United Limited (Newcastle United) has filed its financial results for the 12 months ended 30 June 2024, reflecting a 28% increase in overall revenue.

This strong financial performance reflects continued progress on and off the pitch during the financial year, including a return to the UEFA Champions League.

These figures represent a substantial improvement on the previous two financial years, which had been characterised by significant investment into the squad.

The improved result was driven mainly by revenue growth from Newcastle United’s participation in the Champions League and profits from transfer dealings in line with Premier League profit and sustainability rules (PSR).

Newcastle United increased its latest reported revenue to £320.3million (from £250.3million in 2022/23), reflecting 90% and 32% increases in commercial and matchday revenues respectively.

Since the end of the accounting period, the ownership group led by PIF has continued to invest capital into the club to improve the financial position of the business. This continued investment is consistent with the shareholders’ approach of long-term, patient investment.

Darren Eales, Chief Executive Officer of Newcastle United, said: “We are committed to sustainable success and we have started 2025 in a strong position.

“Our progress has been supported by diligent work on and off the pitch. Returning to the Champions League for the first time in more than 20 years was hugely memorable for everyone connected with the club, and it has clear upside financially as we continue to grow.

“We grew our revenues by 28% in the twelve months to 30 June 2024, with an increase in matchday revenue as well as significantly improved sponsorship deals and a sharper focus on everything we are doing across the club.

“We continue to make significant strides with our commercial deals and matchday offerings as we strengthen the foundations of the long-term project here at Newcastle United.”