Newcastle United are back in the big leagues. Well, the Deloitte Football Money League, at least. Following a four-year absence, the Magpies have been named among the highest revenue generating clubs in world football.
It is easy to forget that Newcastle were once flying as high as fifth in the financial table in the late '90s, but the black-and-whites dropped out of the top 20 in 2010 and rarely ranked during the Ashley era. That has changed under the new ownership.
“Newcastle have been a powerhouse," Zal Udwadia, assistant director of Deloitte’s Sport Business Group, said. "They're a one-club city and investment will only trigger further growth.”
