Fans of Newcastle United have been reacting to a post on Twitter, in which Lee Ryder relays reports of Newcastle United’s financial situation.
According to reports in the Chronicle Live, Newcastle United recently released their accounts, which showed that the club made a £34.7 million profit for figures ending June 2019 – a significant increase from the previous year, when the club made an £18.6 million profit.
In reaction to the reports, which were relayed by Ryder on Twitter, fans of the club have flocked to have their say on the matter, with many airing their outrage at the profit made by the club, as fans with season tickets are yet to receive a refund for the matches that they will not be able to attend throughout the remainder of the season.
They’ve kept season ticket money for this season & next, kept Man City cup money, used the furlough scheme to pay wages. Ashley is a disgrace and the sooner him & his cronies are gone the better #ASHLEYOUT #CHARNLEYOUT
— The E Wing Paddock (@speedypete68) May 29, 2020
Gis my money back for rest of season
— J.h1gn5 (@h1gn5) May 29, 2020
Maybe that profit could refund the season ticket holders and purchasers cup tie and away match tickets
— Dan Carr (@siddersdan) May 29, 2020
Meanwhile, other fans have stated their disgrace regarding the fact that the club is currently using the government’s furlough scheme to pay its staff, which, considering the sizeable profits that the club made over the last year, would appear to show that Mike Ashley is taking advantage of the scheme when he does not necessarily require the help.
The profits are the ticket money they have been taking and all the wages they have saved on using tax payer money, our club is a disgrace and rotten to the core under our current owner
— LiamD (@LiamD3991) May 29, 2020
Profit but need to furlough staff???????????
— SouthernMagpie (@magpie_southern) May 29, 2020
£34.7million profit but staff still need to be furloughed and season ticket money not being refunded? @NUFC
How is this allowed? @ChiOnwurah @nufctrust
— Lee (@GTEazyx) May 29, 2020
With Newcastle currently in the middle of a £300 million takeover deal, one fan has suggested that the release of Newcastle’s positive figures could be a move from Ashley to show the potential new investors that the club is financially sound, while others have questioned what the current owner is hiding from the fans.
Are you confident the takeover will be completed?
Yes
No
Making books look good so Saudi don’t pull plug on um!
— ??????????Ian eglintine?????????? (@IanIan11egg) May 29, 2020
@KieranMaguire what’s he hiding from us?
— Adam M (@adzy_90) May 29, 2020
Thieves
— @yorkmag (@ddy2121) May 29, 2020
Although the fact that their club has made a profit over the last year would usually be good news, it is evident from their replies that many of these Newcastle fans are furious at the club’s current owner for a variety of reasons.