Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Newcastle United Finance Director Quits

Wed 20th May 2015 | Football Club Management

Finance Director, John Irving has announced he is to leave relegation threatened Newcastle United.

Irving was appointed to the club’s board of directors after former Managing Director, Derek Llambias quit in the summer of 2013, and has worked at the club for seven years.

He will leave the club, who face West Ham at the weekend hoping to secure their place in the Premier League next season, to take up a post at Newcastle Airport. 

Newcastle face the very real prospect of dropping out of the Premier League after a disastrous campaign following Alan Pardew’s departure to Crystal Palace.

Having accumulated just seven points since the turn of the year under John Carver, there has been growing discount from fans angry at the way Mike Ashley is running the club.

Along with Hull City and rivals Sunderland, Newcastle face the prospect of missing out on the bumper TV broadcasting deal that comes into play from 2016 with clubs expected to make a minimum of £100m.

Analysis of Newcastle’s accounts by Deloitte in their annual football money league shows that they rely heavily on the money the Premier League’s TV rights deal brings in, with 60% of their total revenue coming from broadcasting.

The ramifications of relegation could be significant with players believed to have no form of relegation clause in their contracts meaning they would not be able to reduce their wage bill in line with the reduction in income. This is something which Hull and Sunderland have built into their player contracts.

Image: A Newcastle fan holds up a banner in protest towards owner Mike Ashley.

Action Images Reuters / Andrew Yates Livepic

Posted by: Aaron Gourley

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE FCBUSINESS RSS FEED

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk  

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Leeds United Appoint Former Real Madrid Executive Ivan Bravo

Tue 25th Apr 2017 | Football Club Management

Leeds United has appointed Ivan Bravo to the Club’s Board of Directors with immediate effect. The former Director of Strategy at Real Madrid, leading on both the sport and business fronts at the...

Is United's Off-Field Success Contributing To Their Struggles?

Mon 24th Apr 2017 | Football Club Management

If you look at Manchester United's recent history, there is a clear distinction between the club's on and off-field performance . More specifically, while the club has struggled to achieve success on...

Ugo Ehiogu Dies Following Cardiac Arrest

Fri 21st Apr 2017 | Football Club Management

Tottenham Hotspur Under 23 coach and former Aston Villa and Middlesbrough defender Ugo Ehiogu has died following a cardiac arrest. Ugo collapsed at Spurs’ training ground on Thursday and was...

Club Trained Players Hits All Time Low In Premier League

Thu 13th Apr 2017 | Football Club Management

The number of minutes played by club-trained players in the Premier League has hit an all-time low according new research. The study by CIES Observatory focuses on the demographic evolution of the...