Lewberry pie
Striker
Barnsley have just been bought out, they obviously decided a club like Barnsley are better value than either of us
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When it rains, it pours...
- Thread starter safc_grindon
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Isn't it a case of the land St James' Park sits on being leasehold and not freehold?
There's millions of properties that have that levied against them.
Or they didn't want to commit that much money into owning a football club?
There's millions of properties that have that levied against them.
Or they didn't want to commit that much money into owning a football club?
safc_grindon
Winger
And that would be correct - the bank owns it till you pay them the final payment. Stop paying and they kick you out and take it back.
The fact that Newcastle don't own the ground outright has put off potential buyers before.
It has? Who?
My logic doesn't include extending my point to nonsensical levels.
Lewberry pie
Striker
Maybe like but if you look at complete no mark clubs and I realise that's gonna sound offensive but Bournemouth are a club that's gone bankrupt 3 times in the last 30 years, I've actually followed them for a few years with my mag cousin and they're a total backwater club who should in truth be non league, but someone's out a bit money into them and they're now in the prem for a hell of a lot less than it would cost to buy either 1 of us and because they're in the premier league their fan base is almost irrelevant.
safc_grindon
Winger
I've got a journo pal, very well connected to the club, that told me it's been an issue.
Appreciate you're about to say sources, ITK, and all that, so feel free to shout bollocks and there's not a lot I can say, but I trust him and he's not a bullshitter.
Barclays took ownership of the ground and issued a mortgage in the 09/10 season when we were in the championship to cover any defaults on debts held with them.
Ashley paid off the banks and put the club in debt to himself instead with a series of interest free loans totalling £140m. That was reduced to £129m. Following Ashley paying off the debt and the andy carroll sale newcastle have ran at a profit since (apart from last season in the championship, although those figures aren't out yet).
Yes, but you buy potential and Newcastle's ceiling is a lot higher than Bournemouth or Barnsley's is.
safc_grindon
Winger
Okay.
Aye, fair enough, I'd say the same as you, in this position.
Lewberry pie
Striker
It isn't.
safc_grindon
Winger
I'll bow to your knowledge on that one then. I thought it was the City Council that owned it. Happy to concede the point though.
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The council own the land its on, but nufc have something like a 1000 year lease.
There's some old law that states the freemen of the city are still allowed to graze their cattle on that land.
safc_grindon
Winger
That explains the Micky Quinn years then.
flusheding
Striker
How can you seriously say that? Of course it is, almost every neutral fan would agree. Pure red specs to suggest otherwise.
Matter of fact based on the size of the stadium alone, just that simple fact of more seats in one stadium compared to the other shows that it factually correct.
Slim999
Striker
Interesting that also today we have the annual story about the 'big six' wanting a bigger slice of the overseas TV pie.
Have to say I agree in part with this - as not many abroad are tuning in to see the baggies vs the potters on a wet Wednesday evening .
It needs to be done appropriately though - to stop the Bix six getting bigger and creating the kind of disparity we see in Spain.
Even more impetus for the likes of Newcastle and Everton to push on and challenge that big six hegemony.
...NUFC have the potential to break in there - as long as we can unshackle ourselves from fat Mike.
I know how mackems will react to this talk - but it's a fact-
- we have the potential , and thats why the suitors are circling.
The Great MES
Striker
If it wasn't all for the "shackles" of Fat Mike, you lot would have been in administration thanks to Uncle Freddie
flusheding
Striker
The last decade has hugely hit Newcastle's reputation outside the NE though, I don't live in the NE any more but have friends who have a fondness for Newcastle due to their success in the 90s so my age of 20-30s it was sort of prime time for young kids to see Ginola et al doing well.
There is still some interest based on that stage of Newcastle success abroad but it will have massively decreased, so the current talk of top 6 clubs getting more TV money won't be helping Newcastle at all and it would take a fair bit of recent success to get the global following it once had.
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