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Newcastle United's accounts reveal spending at Sports Direct

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Newcastle United's accounts reveal spending at Sports Direct

Post  cyprussyd on 2018-05-23, 4:06 pm

Newcastle United's accounts reveal spending at Sports Direct



  • 3 hours ago

  • [size=13]From the sectionNewcastle[/size]


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[size=11]Is Newcastle owner Mike Ashley stocking up for the club's next Premier League campaign?

Two lorry loads of oversized mugs? Four crates of tracksuit bottoms? Or an entire store?
A closer inspection of Newcastle United's 2016-17 financial accounts has revealed the club spent nearly £1.3m at sportswear and equipment store Sports Direct, and at owner Mike Ashley's other companies.
The retail store is already a heavy presence at St James' Park - the stadium is emblazoned with its name and was even rebranded, albeit for a brief period, the Sports Direct Arena.
So, perhaps it comes as no surprise that Ashley continues to strengthen the bond between his club and his retail empire.
But what could £1.3m buy you at Sports Direct?
[/size]

  • 1.3m branded giant mugs, or

  • 372,492 Dunlop Union Jack umbrellas, or

  • 520,000 Sports Direct plastic water bottles, or

  • 866,666 Sports Direct bags for life



Ashley also kept it in the family when it came to matchday hospitality with £77,951 spent on his nearest and dearest. The latest figures also show that the club owner injected a further £15m into the club - which means he has now provided £144m in interest-free loans to the club.
Last week, Newcastle revealed they had taken a "financial gamble" in trying to return to the Premier League. The 2016-17 accounts - which covers the period the club were in the Championship - state they paid wages of £112.2m, almost double the Championship's other promoted clubs, Brighton and Huddersfield, combined.
The club made a £90.9m operating loss that year.

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Re: Newcastle United's accounts reveal spending at Sports Direct

Post  Kipper on 2018-05-23, 4:59 pm

I thought this was a Sunderland board.
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Re: Newcastle United's accounts reveal spending at Sports Direct

Post  cyprussyd on 2018-05-23, 5:23 pm

Kipper wrote:I thought this was a Sunderland board.
Sorry  Embarassed

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Re: Newcastle United's accounts reveal spending at Sports Direct

Post  canary-dave on 2018-05-23, 6:12 pm

Doesn't the page heading say "other football and sports  "

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Re: Newcastle United's accounts reveal spending at Sports Direct

Post  cyprussyd on 2018-05-23, 6:47 pm

canary-dave wrote:Doesn't the page heading say "other football and sports  "
keep up

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Re: Newcastle United's accounts reveal spending at Sports Direct

Post  canary-dave on 2018-05-23, 6:50 pm

cyprussyd wrote:
canary-dave wrote:Doesn't the page heading say "other football and sports  "
keep up

Did you post it in the wrong place oh wise one   Shocked

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Re: Newcastle United's accounts reveal spending at Sports Direct

Post  cyprussyd on 2018-05-23, 6:52 pm

canary-dave wrote:
cyprussyd wrote:
canary-dave wrote:Doesn't the page heading say "other football and sports  "
keep up

Did you post it in the wrong place oh wise one   Shocked
How dare you  Embarassed Embarassed Embarassed Embarassed Embarassed Embarassed Embarassed Embarassed Embarassed Embarassed

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Re: Newcastle United's accounts reveal spending at Sports Direct

Post  Black Cat Kiwi on 2018-05-23, 11:21 pm

Any updates on Ipswich anyone  confused

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