Newcastle United were reported to be top of the league in terms of profitability – finishing the year more than £32m in the black, thanks to the sale of striker Andy Carroll to Liverpool.
The Magpies’ revenue of £88m represented an increase of 69 per cent on the previous year, after promotion from the Championship, and was the eighth-highest in the Premier League.
Sunderland’s revenue of £79m was up 21 per cent from 2009/10.
The combined Newcastle and Sunderland figures represent six per cent of the total generated by the 92 top professional clubs.