Everyone’s favourite Geordie big club, Newcastle United, have announced losses of ?6.3m for the six months up to 31st January 2006, a deficit of ?16m compared to their profits of ?9.7m for the same period a year previous.

Big money signings such as Albert Luque, Scott Parker, Emre and Michael Owen have all failed to push the club’s fortunes on the pitch despite a late rise in form under caretaker manager Glenn Roeder.

Newcastle chairman Freddy Shepherd said: “The current season has been disappointing, with performances on the pitch falling well below the levels we expected.

“Since his appointment, Glenn Roeder, capably supported by Alan Shearer, has overseen a significant improvement in team performances.

“We want this positive trend to continue while our search for the best possible team manager takes its course.”

(Now I’m going to sit back and see how many Geordies are still reading State of the Game after the “Newcastle a Big Club? Don’t Make Me Laugh” article and which one bites first on them still being a big club )

This entry was posted on Thursday, April 13th, 2006 at 8:34 pm and is filed under Newcastle United. You can subscribe via RSS 2.0 feed to this post's comments. Both comments and pings are currently closed.