Newcastle have announced record profits of £18.7million last season due to increases in television income and new deals with sponsors . The club , owned by Mike Ashley , also saw revenues increase by 35 per cent from £95.9m to £129.7m , the club said . More than half Newcastle 's income - £78.3m - came from the new Premier League television rights deals , with commercial income also increasing . Newcastle owner Mike Ashley has seen his side record a profit for the fourth consecutive year . Newcastle fans have not taken to Ashley since he took control of the Premier League club in 2007 . A Newcastle statement said : 'Most significantly , the club reported strong commercial revenue growth delivering £25.6m in 2014 , up from £17.1m in 2013 . This 49.7 per cent increase was largely the result of two lucrative new deals with the club 's principal sponsors , Wonga and Puma . ' It is the fourth successive year the club have made a profit and cements Newcastle 's positions in financial terms at least as one of the most successful in the top flight . The club 's debt remained static at £129million in the form of an interest-free loan from owner Mike Ashley - none of the debt has been repaid . Newcastle managing director Lee Charnley said : ' I am pleased to report a positive set of results which confirms the healthy financial position the club now finds itself in and is a reflection of the prudent and measured manner in which we operate . A large proportion of Newcastle 's income came through sponsorship deals with Wonga and Puma . 'The club benefits from a supportive owner and is financially stable . This gives us a strong platform from which to grow , both on and off the pitch , a result of which means , as we move forward , we are able to net spend on the playing squad and invest in other areas of the business . 'The most pleasing aspect in this set of accounts has been the growth in our commercial revenue and it has been our strongest year yet in that respect . 'With our commitment to keeping ticket prices affordable for our supporters , growing our commercial income has been crucial . The deals we struck with our two main sponsors , Wonga and Puma , together with a stronger focus on our commercial operations , have helped us achieve this growth . 'We believe financial stability will deliver positive on-field results for the club . '
Newcastle have benefited from the increase in television income . More than half of the North East club 's income came through television rights deals . Newcastle signed lucrative deals with sponsors Wonga and Puma . READ : Club-by-club guide to the Premier League 's financial health .