Magpies profits drop

Newcastle today announced a drop in profits of £7.4m (€11.1m) as a result of missing out on Champions League football this season.

In the club’s latest interim figures for the half-year ending on January 31, total operating profit fell from £12m (€18m) to £4.6m (€6.9m). Operating profit before player amortisation and trading was £11.1m (€16.6m), £9m (€13.5m) down on the same point last year.