Premier League - Newcastle pleased by "boring" figures

Newcastle managing director Derek Llambias has expressed his delight at how "boring" the club's latest financial figures are.

PA Sport
Premier League - Newcastle pleased by "boring" figures

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Newcastle United owner Mike Ashley (left) with Derek Llambias (right)

The Magpies have reported a profit of £1.4million for the year to June 2012, their second successive year in the black, and are confident their model is working.

After years of boom and bust on Tyneside, that steady improvement has been greeted with a sense of satisfaction in the boardroom at St James' Park.

Llambias told the club's official website: "I think accounts should be boring - and these are boring, thank you.

"We are very happy we have posted a profit this year and we are delighted we are staying within our model.

"We will continue to stay within our model to provide decent players on the pitch and also to give affordable ticket pricing to our fans. It's working very well."

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