Llambias reports Toon progress

In a mission statement published in the matchday programme for

Sunday’s Premier League clash with Tottenham, Llambias revealed

some positive figures. He said: “In 2008-9, we reported an

operating loss before player trading of £37.7million. In

2009-10, that loss was £35.5million. “Once audited, our

accounts for 2010-11 are expected to show an operating loss of just

£4.7million and this year, we hope we will be close to

breaking even. “We are pleased that the club is working towards

being able to operate within the boundaries of UEFA’s financial

fair play rules even during these challenging economic times.” Mike

Ashley’s regime at St James’ Park appears to have ridden out

something of a storm with the club sitting in fourth place in the

league table before kick-off despite having failed to replace

£35million striker Andy Carroll and selling influential men

Kevin Nolan, Jose Enrique and Joey Barton during the summer.

However, Llambias insists Ashley remains ambitious and has set

manager Alan Pardew and his players the task of securing a top-10

finish this time around. He said: “Everyone associated with

Newcastle United wants success for this club and we can assure

supporters that the Board is fully committed to achieving that

success. “To make our ambitions clear to supporters and

stakeholders, our aim for the 2011-12 season is at least a top 10

finish in the Barclays Premier League. “We are fully aware that

Newcastle United holds a unique place in the lives of Geordies

around the world. “Our supporters are the lifeblood of the club and

the Board understands that it has been charged with ensuring their

club is properly run and continues its growth both on and off the

field over the next year and beyond. “In declaring our aims for

this season, we are demonstrating our commitment to taking this

club forward from what is now becoming a stronger and more healthy