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Magpies reveal Allardyce pay-out


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Newcastle United had to pay out £4.6m to manager Sam Allardyce and his staff after dispensing with their services in January last year.

The club's financial report for the period to 30 June 2008 revealed the club handed over a total of £4,597,000 after parting with Allardyce.

A £20m loss was made - the figures did not include five signings or the sales of James Milner and Abdoulaye Faye.

The results also confirmed owner Mike Ashley has poured £100m into the club.

It was also revealed that Ashley has injected an extra £10m into the business since the end of the reporting period.

Newcastle United Football Company Limited, part of the St James Holdings Limited group set up by Ashley to acquire the club, reported increased turnover of £98.8m, up from £87.1m the previous year.

Much of the increase comes as a result of the new television deal for Premier League clubs.

Wages and salaries amounted to £62.3m, up from £52.1m.

The report also highlights the club received compensation of £6.7m for the knee injury striker Michael Owen suffered at the 2006 World Cup finals and his subsequent treatment and rehabilitation.

http://news.bbc.co.uk/sport1/hi/football/t...ted/7846147.stm

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It's the Newcastle fans that put too much pressure on the manager, they expect to get a new manager then go on and win the league the same season, they don't have patience. Joe Kinnear is doing a good job a Newcastle just now, better than I expected anyway. Newcastle fans think there clubs in massive and should be up there in top 6, but they dont keep a manager in long enough.

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