Relegation-haunted Magpies post bumper £32m profit

By David Owen
April 7 – Newcastle United may have lost their mojo on the pitch, but they remain one of the Premier League’s most consistent financial performers. The club from England’s football-mad north-east, which has turned to Rafa Benitez in an attempt to salvage its top-tier status, has posted a sharply increased after-tax profit of £32.4 million – up from £18.7 million in the year to 30 June 2014.