Newcastle repay £33m of debt to owner Ashley
By David Owen
April 19 – Newcastle United, the north-east club seemingly assured now of retaining its place in the Premier League for at least one more season, has repaid £33 million of the debt owed to owner Mike Ashley (pictured).
Disclosure comes in newly-published accounts for the year to end-June 2018, the Magpies’ first back in the top tier of English football. These reveal that the club made a pre-tax profit of £22.9 million on turnover of £178.5 million.
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