TV revenue

Alongside matchday revenue and commercial revenue, TV revenue is the third source of income, although an increasingly more important one. At this point in time,…

Loan

Newcastle United’s debt is covered by a loan, which Mike Ashley has transferred to his holding company (MASH Holding Limited). Newcastle United do not pay…

Debt

One of the things Mike Ashley is commonly praised for by the media and fans alike is “clearing the debt”, which according to many statements…

wonga

Despite all the public utterings by the Newcastle United hierarchy about the importance of developing commercial revenue, it wasn’t until five years into Mike Ashley’s…