Newcastle United Football Club sank £17.1m into the red as a result of relegation from the Barclays Premier League in 2009, figures show. The loss, for the end of the 2008-09 season, compared with a £15.2m deficit in the season before that. Turnover reduced 39% to £52.4m, according to accounts filed with Companies House. http://www.bbc.co.uk/news/business-12901992
Not quite as desperate as you make out fish, seeing as this is from well over a year ago now... Despite the Beeb mentioning Carrol's transfer fee, I suspect all of that has gone into Ashley's back pocket...
Mike has still pumped around 45 mill into the Comedy Club of the North East tho, 35 mill still leaves the fat lad with a 10 deficit
