Lowly Newcastle United see annual profits soaring

Newcastle have announced a rise in profits to £32.4million (€40 million) in their annual accounts, but managing director Lee Charnley accepted results on the field are most important right now.

Rafael Benitez’s men are 19th in the Premier League with only seven matches remaining, having fallen to a 3-2 loss in Saturday’s crunch clash at relegation rivals Norwich.

Off the field things are looking rosier and United have announced a post-tax profit of £32.4m for the financial year ending June 30, 2015 - a significant rise on the £18.7m figure for 2014.