The club’s trading company, CPFC 2010 Ltd, made a pre-tax profit of just under £23m (£17m post-tax) for the year ending June 30th, 2014, up from £3.5m the previous year.

The improved profit stemmed mainly from increased broadcasting income, with the Premier League's current £3bn TV rights deal playing a big part. The club’s £90.4m turnover was up from £14.5m in 2013. Broadcasting income accounted for £74.1m of turnover.

 

During this accounting period, the club spent close to £26m of cash investing in players and infrastructure, acquiring the training ground, laying a new pitch with under-soil heating and developing the academy.

The profit from 2013/14 has largely been reinvested, with a further £22.3million spent on player acquisition (this figure includes compensation paid to Newcastle United when we hired Alan Pardew in January) and about £4m on various stadium and training ground improvements. We believe that these investments will continue to reap benefits for the club in the future.