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Behaving like adults and getting a snug grip on reality would be a starting point.What do you expect people to do? Are we supposed to sit there and accept the situation? We have an owner who is preying on the loyalty of the fans to line his own pockets. It's glaringly obvious and has been for some time that the squad is not strong enough. I'm not suggesting that he bankrolls them. However he should be prepared to at least release funds that are coming into the club to improve the team. If he doesn't want to do that then why is he involved in football?
He has taken a portion of the loan back since the accounts were published. Was confirmed at the fans forum meeting in September (think it was September), but the amount was not disclosed.
Newcastle pay for players outright. They have said that they believe they get a better deal if paying the full amount up front. So if there isn't enough in the bank, even a player of £12m is beyond our reach.
They sell players and take instalments, as they believe it incentivizes the buying club to pay more.
Not even sure if that's relevant on reflection, but I've typed it out anyway
I think you are being somewhat unfair there.All the loans from Ashley are interest free. Looking at their accounts, there have been no reductions in that debt in recent seasons. He takes no salary. Transactions between NUFC and Sports Direct are fully disclosed in the accounts, and are stated to be on "normal commercial terms". Yet apparently Ashley is "trousering the cash" from any transfer surplus. They're not only deluded, they're financially illiterate as well.
MASH Holdings is Ashley's personal investment company 100% owned by him. It also holds his shares in Sports Direct. Totally standard procedure. Just as the shares in Sunderland Ltd are held by Madrox Partners, a company co-owned by Donoald, Methven and Sartori.
In any event, under limited liability (that's what the Ltd in a name means), the shareholders are not liable for a company's debts, unless they have separately made personal guarantees to the lenders.
If someone publicly states that the manager can use all the money generated by transfers but then that money is not fully exhausted when there is a clear need to strengthen then it's not unreasonable to claim it is being trousered. Obviously it would help if I was a qualified accountant but like most of the population I'm not so I will take the simplistic view.
So are they still paying the wages of the players they sold?It's gone on wages.
That might explain their attendance at our games this season. We like FSW and the wearer of the self abuser's hat as skunk managers.They were 10th with BSA. That wasnt good enough for them as well.
The only two managers they have worshipped in recent times as Messiahs are Sheera and the FSW. Both of whom took them down.
So are they still paying the wages of the players they sold?
I think you are being somewhat unfair there.
If someone publicly states that the manager can use all the money generated by transfers but then that money is not fully exhausted when there is a clear need to strengthen then it's not unreasonable to claim it is being trousered. Obviously it would help if I was a qualified accountant but like most of the population I'm not so I will take the simplistic view.
What I cannot understand is if Ashley is not making anything out of owning the club then why does he persist in owning it.
What I cannot understand is if Ashley is not making anything out of owning the club then why does he persist in owning it.
No.
£112m wage bill in the championship, which would have been 8th highest in the premier league.
Not unreasonable to think that figure will have increased last season too.
That wage bill was including the bonuses for promotion, not just the salary.
Here's new information.
NUFC first team wage bill has been revealed
That wage bill was including the bonuses for promotion, not just the salary.
Here's new information.
NUFC first team wage bill has been revealed
Probably why you’re so shite
Exactly. Get what you pay for.
So what's the turtle wage bill? New way it's dropped from £112m in the pub league...
I'm not going to argue with grumpys interpretation of the accounts as he's far better place than me to understand the financial jiggery pokery that sits behind accounting. But there's something about the whole thing that just isn't right. The club might have large outgoings but they get a hell of a lot coming in. They may have had a couple of seasons out of the Sky TV money but so have other clubs. Season tickets might be a bit cheaper than other places but they sell a lot more than other clubs. There are a number of clubs against whom we should be able to compete financially and yet we are not able to.The figures are not out for the 17/18 season.
But in 15/16 the wage bill was £75m.
Do you really think a man like Ashley is going to increase the wage bill by almost £40m, despite losing £100m in tv money?
Keep in mind that when we dropped to the championship, wijnaldum, cisse, sissoko, janmaat, taylor, townsend, and a few other first team players all left. There were 15 departures that summer.
There is no way the likes of Grant Hanley, Daryl Murphy et al were on more money than those that left.
The figures are not out for the 17/18 season.
But in 15/16 the wage bill was £75m.
Do you really think a man like Ashley is going to increase the wage bill by almost £40m, despite losing £100m in tv money?
Keep in mind that when we dropped to the championship, wijnaldum, cisse, sissoko, janmaat, taylor, townsend, and a few other first team players all left. There were 15 departures that summer.
There is no way the likes of Grant Hanley, Daryl Murphy et al were on more money than those that left.
i remember when they were saying they would get champions league spot within two years now they have a champions league manager