Newcastle in black, but Coventry and Dunfermline see red and rock bottom

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By Paul Nicholson
March 28 – Newcastle United have recorded only their second year of profit since billionaire Mike Ashley bought the club in 2007 for £135m. The £1.4m profit is a drop on the previous year’s £32.6m profit, but substantially better than the finances at Coventry (English Championship) and Dunfermline (Scottish Division 1) who both fell into the hands of administrators yesterday.

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