Newcastle announce profit

first_imgNewcastle have recorded a profit for the second successive year, the club has revealed. The Magpies have released financial figures for the year ending June 2012 which show that the club made a profit after player amortisation of £1.4million. That is significantly down on the previous year’s level of £32.6million, although that was due largely to the £35million sale of striker Andy Carroll to Liverpool. Newcastle have also re-entered the list of the world’s top 20 revenue-generating clubs after increasing turnover by 5.4 per cent to £93.3million. That figure includes a rise of 14.6 per cent in television income as a result of their fifth-placed Barclays Premier League finish, a figure which is set to be boosted further by the bumper new broadcasting deal. However, while operating costs have remained steady at £21.6million, operating profit fell from £13.3million to £7.5million, and the club’s wage bill rose by 20 per cent to £64.1million as a result of the addition of the likes of Yohan Cabaye, Sylvain Marveaux, Davide Santon, Papiss Cisse and the now departed Demba Ba to Alan Pardew’s squad. That represents an increase in the wages-to-turnover ratio of 8.1 per cent to 68.7 per cent. Although attendances at St James’ Park rose to an average of 49,936 during the period – an increase of 2,190 on the previous year – ticket revenue dropped by seven per cent because of a series of pricing initiatives. Commercial revenue too was down by 12.7 per cent, although the figures do not include the Magpies’ new partnership with Wonga, which they say “represents a significant increase on the club’s previous commercial agreements”. center_img Press Associationlast_img read more

“Identity Theft” to be shown this weekend at Regent; “Argo” is Saturday matinee

first_imgAlso this weekend: Argo. Saturday matinee at 2 p.m. When: Friday, 7 p.m., Saturday, 7 p.m., Sunday, 7 p.m. Rated: PG-13. Length: 1 hour 47 minutes. This week at the Regent Theater: “Identity Theft” (Movie trailer is below)center_img Movies ahead at Regent Theater:March 15 — Safe Haven.March 22 — Escape from Planet Earth. Movie Synopsis:Unlimited funds have allowed Diana (McCarthy) to live it up on the outskirts of Miami, where the queen of retail buys whatever strikes her fancy. There’s only one glitch: The ID she’s using to finance these sprees reads “Sandy Bigelow Patterson”….and it belongs to an accounts rep (Bateman) who lives halfway across the U.S. With only one week to hunt down the con artist before his world implodes, the real Sandy Bigelow Patterson heads south to confront the woman with an all-access pass to his life. And as he attempts to bribe, coax and wrangle her the 2,000 miles to Denver, one easy target will discover just how tough it is to get your name back. — (C) Official Site.Rotten Tomatoes rating (movie critics collective approval ratings): 23%. Audience review: 63% approval.last_img read more