reginald_molehusband
Winger
Surely if the debt is slowly increasing, then Newcastle are still living beyond their means, despite benefitting from interest free loans. If Ashley starts spending more, then the debt will simply become unsustainable. What’s hard to understand about that
The debt to Ashley has effectively increased by the 2x £30m relegation hits he is responsible for. Factor in all the money NUFC has lost in unpaid advertising and merchandise to ShiteDirect, and all the other revenue streams that have dropped under his ownership, and it's quite clear the club isn't being run correctly, or to.the benefit of NUFC anyway.