That's just what we know about. You said zero evidence, I given instances of him taking money out of the club.
Why should he take a salary? He isn't a club employee.
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The Mags and money...
- Thread starter safc_grindon
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That's just what we know about. You said zero evidence, I given instances of him taking money out of the club.
Why should he take a salary? He isn't a club employee.
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He could appoint himself chairman with a salary if he chose if he was 'rinsing'.
I give you even bigger evidence of where he could legally and legitimately take more and he doesn't. There is no credible evidence he is taking money out the club. There is evidence he has put in via loans £130m since he took over - this is factual. That equates to £13m per year. Interest on it adds up to £7m a year. How is that rinsing. Your previous owners took out a lot of money in salary and dividends.
Nufc accounts are published. Main cost lines are published. There is no conceivable way he is taking out more than £20m a year. Lost advertising could realistically be £4-5m a year.
You do not like the facts - MA has put money into the club since he arrived - not taken out of it.
What he has not done is saddled your club with external debt and taken early future income to buy an annual hollywood signing the way the previous owners did.
You said zero evidence, I have provided you with evidence. Now all of a sudden the goalposts are shifted and it's only an issue if he is taking out over £20m.
I am not contesting that he has put money in, it's kept us afloat at times and I am grateful. The argument is there though that had it not been for his mismanagement from summer 2008 he wouldn't have had to pump these short-term cash boosts in.
I haven't read anyone on the forums I go on that want a 'hollywood signing'. Yet again a straw man is being built to prove a point just like the countless other times it has happened with the boring 'expect to be champeeons leeeeg' shite. No point discussing it any further if you are going to trot out that kind of bollocks.
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Ale taster
Striker
IF YOU HATE NEWCASTLE, HATE
NEWCASTLE, HATE NEWCASTLE CLAP YOUR HANDS.
Come on everyone, one two three
IF YOU........
NEWCASTLE, HATE NEWCASTLE CLAP YOUR HANDS.
Come on everyone, one two three
IF YOU........
Tin Soldier
Striker
Bottom line is the precious ***** think they deserve to be top 6 buying players akin to Liverpool Chelsea and Man Utd. They believe they have a manager 'name' that befits their deluded 'status' but the owner simply isn't throwing money to give them 'name' players that befits the same delusion. They can try and spin it like the resident defenders of their faith do constantly on here in whichever way they chose but the truth is much more simple. This is simply the most deluded set of fans in the country not being handed success on a silver platter by a sugar daddy.
Hes a businessman, simple as that. And he is running Newcastle quite well. The grass is not always greener
Well given that your are in debt to him by millions why shouldnt he take a bit out?
He doesn't in large quantity because he can use the leverage of it to justify (not that he absolutely has to) his heavy advertisment inside the stadium.
Tin Soldier
Striker
Logic doesn't apply to these 'entitled' twats pointless applying it
So what are you moaning about then
Bear
Striker
I agree to an extent, but if he's such a good businessman then surely he'd protect his investment, speculate to accumulate, rather than the 5 relegation battles he's had them involved in. Don't forget two of his 11 years weren't even in the top flight, so in 5 out of 9 top flight seasons his club have fought relegation, yet not one relegation fight in the 15 years in the top flight before that.
WTF!
Tin Soldier
Striker
Fuck off you tool the truth has fuck all to do with the afore mentioned teams, fuck all and that's why you precious ' entitled ' ***** are whinging
Because you lot never whinged about Short and his handling of the club...
Tin Soldier
Striker
no you moved the goal posts. you used the words rinsed - you know what that would implies. Implies someone unethically parted someone from all their money.
Given that whatever financial analysis you use proves MA has put more money into NUFC than hes taken out means RINSING is fundamentally incorrect.
Now you may disagree with how the club is run - no external debt beinn taken on to punt on players the club cannot afford through its own cash flows. Whilst i think it would be dumb to do that i appreciate some disagree (and call it investment).
But you cannot substantiate in anyway the statement he has rinsed the club when he has put in £130m interest free.
Ironically Ellis Short persued the strategy of borrowing to 'invest'. There is no doubt you are better placed than us.
I genuinely appreciate that football is now 'f****d and shit and increasingly pointless if you are outside the top 6. And the only hope is a City/Chelsea style sugardaddie. But these guys are thin on the ground. That's why i'm looking forward to watching a bunch of young lads and journeymen on 'only' £5k a week play next season and we may win a few games
His negligence over the last ten years has seen us relegated twice (33% of all relegations in our history)
His creative accounting has created smoke and mirrors that have allowed him to renege on assurances given to our current manager.
Installing of barriers in allowing the manager to sign the targets that can best benefit the team.
That's just the top-line stuff too.
It's mentioned often how he has pumped money into us twice after relegations to keep us afloat. For that I have no sympathy as it is his mismanagement that has caused it in the first place despite what he says about 'not being involved with the club'. Lee Charnley and Keith Bishop can't do anything without approval from Shirebrook.
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