As the club publish their latest reports the state of Newcastle Unitedas finances is today unveiled St James' Park Billionaire Mike Ashley has secured his 2nd successive year of earnings with the St Jamesa Park membership. Over all income was recorded at A1.4m following player amortisation that has seen Newcastle re-enter the worldas top 20 revenue-generating clubs after increasing turnover to A93.3m a representing a 5.4% increase on a year ago. A fifth-place finish in the group saw TV revenue swell by 14.6% with the team set to take advantage of a settlement on broadcasting for next year. Regular attendance at St. Jamesa Park rose to 49,936 a' an increase of 2,190 on this past year. But after season ticket prices were frozen by the club their ticket income has fell by 7%. As a result of these initiatives the membership saw a hugely significant increase in the number of season ticket holders and members. The number of season ticket holders reached its highest level since 2007. Commercial income fell by 12.7%, though the latest results don't include revenue from the clubas new partnership cope with Wonga. That alliance, which will be effective from the 2013/14 year, shows a substantial increase on the clubas past commercial contracts. While operating costs have remained steady at A21.6m, operating income is down from A13.3m to A7.5m. A key issue can be an escalation in the clubas wage bill, which has grown by 20% to A64.1m following a signings of numerous key players, including Cabaye, Marveaux, Santon, Ba and Cisse. That puts the clubas wages-to-turnover at 68.7%, an increase of 8.1% rise relative to last yearas percentage.
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