Magpies double profit to £18.7m as staff costs rise 28%

St James Park

By David Owen
April 20 – Rising staff costs helped to prevent Premier League club Newcastle United from reporting even stronger financial results for the year to 30 June 2014. Financial statements for the club currently lying 14th in the league table, now available from Companies House, show that overall staff costs climbed 27% year-on-year to £78.3 million, with wages and salaries rising more than 28% to £69.3 million.

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