Some Newcastle United fans have been reacting on social media, after it was revealed that the Toon have fallen out of Deloitte’s Top 30 in the Football Money League.
United had revenues of €201.5million (£172.5m) for the 2017/18 season when Deloitte published their figures last year, which made the club the 19th richest in the world and the eighth richest in England.
However, the club did not ticket as much for the 2018/19 season as others managed, and have fallen drastically down the order to no longer feature inside the Top 30.
West Ham United, who were 20th in ’17/18, have moved up to 18th after making €216.4m (£185.3m) in ’18/19, while Everton fell from 17th to 19th.
Leicester City are now valued as the 22nd richest club in the world after posting a revenue of €200m (£171.2m), while Wolverhampton Wanderers are 25th with €195.5m (£167.3m) and Crystal Palace are 30th with €174.5m (£149.4m).
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Barcelona top Deloitte’s Football Money League after posting revenues totalling €840.8m (£719.8m), having taken charge of their merchandising and licensing activities.
“Barca is a clear example of a club adapting to changing market conditions, reducing its reliance on broadcast revenue and focussing on growing revenues within their control,” Deloitte noted.
The gap between first and second has never been wider in Deloitte’s finding, with Real Madrid trailing rivals Barcelona by €83m (£73.6m) for money generated in 2018/19.
Here are some of the messages shared as fans reacted to our position in Deloitte’s Football Money League being revealed…
Ah the Ashley effect! Sound financial footing aye? #AshleyOut #nufc
— Chris Currie (@Wig82) January 14, 2020
We haven’t just dropped out of the top 20 richest clubs, but the top 30 while we’ve been at it.
No wonder we’re flogging Man Utd gear.— NUFCThreatLevel (@NUFCThreatLevel) January 14, 2020
Ironically, #nufc looks to have taken a significant drop in revenue, but Mike Ashley still wants £350M for the club. 🤪🤪🤪🤡
— NUFC 360 (@NUFC360) January 14, 2020
How have we dropped so low?
— Lewis John Stratford (@lewisstratford) January 14, 2020
But Ashley gets away with it as per. This is where @ChronicleLive should be pulling him to bits but no.
— chris (@cbil1984) January 14, 2020
Untapped potential
— FootyFan (@Number9NUFC) January 14, 2020
Haven’t they dropped down because nufc didn’t submit their accounts to Deloit?
— Saving Private Rhino Gough (@GoughRhino) January 14, 2020
In other Newcastle United news, the club have reportedly made contact with a £7.2m-rated defender.