Whilst I would normally avoid these sort of expressions I can only say...
NAILED ON!
Polemic is not an open exchange of views...
2007, if I remember rightly
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Newcastle fc
- Thread starter Fulwellmackem
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Whilst I would normally avoid these sort of expressions I can only say...
NAILED ON!
Polemic is not an open exchange of views...
Sir Tasker
Central Defender
The Wheatsheaf, or anywhere. It needs to be said. Your owner is worse than ours. You are being treated terribly
Billy Batts
Striker
FTM
Laidback Jack
Striker
Rafa is getting the best out of a limited squad. But so are several other managers in the PL - I don't recall too many having the media exposure and praise that Rafa is. Naturally that comes with his reputation but it's unbearable at times.
I think Newcastle will squeeze by - as we did for several seasons. It shouldn't be celebrating as a magnificent achievement like
I think Newcastle will squeeze by - as we did for several seasons. It shouldn't be celebrating as a magnificent achievement like
Latka Gravas
Striker
You’ve actually called Sunderland a filthy excuse of a club in The Wheatsheaf?
Sir Tasker
Central Defender
No. Think I have only been in there once or twice. Was in before that England friendly against Australia
Grumpy Old Man
Striker
Looking at the accounts from 2006 to 2008, it's just shoddy or non-existent due diligence. The last Newcastle United plc accounts clearly showed external debt of around £70m. During 2007/8 Ashley paid all that off and put in a £100m loan to cover that and the 2007/8 player purchases. I haven't looked in more detail, because I don't have time right now.
Thanks Grumpy, most appreciated...especially as it seems that my memory is still functional...
As ever, if you ever have nothing better to do please dig deeper.
Btw, I wonder if @AndyH has time over from his homework to keep following this...?
Grumpy Old Man
Striker
The thing that probably did surprise Ashley, and probably made in put in more than he wanted, was that most of the debt was in the form of long term loan notes, but the holders called them in early after the takeover. But even there, proper due diligence should have revealed that the lenders could have done that, and flagged it as a risk.
Remarkable similarities between both owners...
Their cluelessness on football and their wish to make fast money...that Ashley saw this earlier is probably what has kept us afloat. The arrival of Ashley saw the end of flagship signings and and expressed company policy to run at a profit. Of course the profit is minimal as a return on investment so he has to keep it going to avoid a huge loss...
Just as Short must.
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What an earth are you on about cracker jack I haven't even been arguing with you.
You said that there was 130 million in debt that Ashley didn't know existed when he bought the club. I simply said if Ashley said he didn't realise that amount was there because it was hidden he is lying. You seam to be happy to accept what @Grumpy Old Man says so ask him if its possible that Ashley's accountants could miss 130 million pounds because it was hidden and for nobody to go to prison for it once that debt was found. The debt may have been called in unexpectedly but they would have known it was there.
You simply can't hide that amount of money in your accounts.
not sure what this has to do with it?
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R
Reiver
Guest
Why would anyone be sent to prison?
Have you never heard the expression 'caveat emptor' .... the books of any company are opened for the proposed buyer.
If the buyers accountants miss things that's the fault of the buyer, not the seller.
This kind of accountant earns huge fees for being able to find 'hidden' debts etc.
Sir Tasker
Central Defender
People speculating about what Ashley did or did not know. Nobody on here will ever find out. Draw a line out of it and talk about something else.
R
Reiver
Guest
It's a chat forum, people are chatting .... if you don't like it no one's making you come on a ten o'clock at night.
It's none of your business as far as I can see.
Sir Tasker
Central Defender
You seem an angry chap Reiver. Hopefully I have got you wrong. But you certainly don't make people welcome on here.
R
Reiver
Guest
Please explain why what I just said was angry or insulting, have I used bad language?
You have no right to come on here dictating what can be discussed, if you're offended by that I'm afraid I couldn't care less tbh.
Sir Tasker
Central Defender
I am not offended. I just happen to think that of the regular posters on here, you are one of the better ones.
Like you say, it's a chat forum. I can't do much chatting on here if I follow your suggestion of not coming on here.
R
Reiver
Guest
Nor can anyone else if they do what you're telling them to do and stop chatting.
"Draw a line out of it and talk about something else."
If the subject doesn't suit you there's no compulsion to join in ..... just ignore it or start a thread you prefer.
Or go on a Newcastle board.
Sir Tasker
Central Defender
Newcastle boards are not as good. I like it here. You are normally OK, but you are having a tantrum today. Hopefully you will be better tomorrow.
R
Reiver
Guest
That's your opinion .... wrong but there you go.
As I've said, if you believe you can dictate what people talk about, you're wrong again.
I'll leave it there.
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