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Player trading isn't even included here, is it? Is that normal? Or is that the difference between Operating Profit and After Tax Profit?

 

That should be the difference.  Those are "non-operating income / expenses".  So even if we received less money than quoted, it should only impact after tax profit.

 

So the question re the operating profit still persists.  30m more revenue, 4m more operating profits, so around 25m additional cost incurred.  This doesn't make sense, unless, that's the "Bonus" paid to everyone for finishing tenth.

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Just noticed...

 

#NUFC profit after Tax 2013/2014 = £18.7m

 

#NUFC Net Transfer Spend 2014/2015 = £18.6m

 

Looks like my view that the club spends what it earns was spot on.

 

Shame they're doing their utmost keep that as low as possible.

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The further assumption you can make is that having sold Cabaye for £19m in 13/14 to report an £18.7m profit, the £18.6m spend in 14/15 should lead to losses approaching £20m in 14/15... No new TV deal, no new commercial deals, no extra matchday income from cups.... so fuck all to spend on a manager or players.

 

:lol:

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Guest Roger Kint

Player trading isn't even included here, is it? Is that normal? Or is that the difference between Operating Profit and After Tax Profit?

 

Operating Profit before player trading was £4.7m according to them

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So where's the £25m gone? loans still at £129m and operating costs up £25m from the year before. Dodgy as fuck, hope he's done for fraud the cunt.

 

I'm expecting something absolutely infuriating like a Loyalty bonus to Pardew.

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