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Newcastle FC

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The Sheepfolds End said:
They do get a mention. And if Newcastle were in a similar position to Blackpool, that would be a serious threat to the city’s economy. 50k people get into the city every other week, they buy alcohol, food, spend on transport, hotels, shops etc and keep people in jobs. Lots of away supporters come to Newcastle and spend on the night time economy. They’ve started putting gigs on also which generates more summer income for the city.

But all that is happening in Newcastle under Ashley’s ownership. They finished in the top half last season, they were in a European quarter final just a few years ago. They bang on about having a world class manager; well Ashley got him there and employed him. All this makes it ridiculous that the MP brought this issue up in Parliament.
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Aye alright. Maybe drawing comparisons against the Oystons was a bit extreme.

Mind if he’s gonna get the bullet from Blackpool with the receivership, he might fancy a cheeky bid on the mags. There’s surely a ton of assets he can strip out of there.

Small price to pay having it raised in parliament if that were to happen like ;)
 
Keith S30S said:
She should try to do some maths. The mags were in £170M in debt (including £27M in owed transfers and all but bankrupt) when Ashley took over largely down to the Halls and Shepherd's wild over spending which gained them 2nd in the league (chertle). He paid £43M off the debt and gave them an interest free loan of £100M saving them at least £5M a season for each of his 12 years in charge. So basically there's over a £100M he's shelled out plus the £134M he paid for the club. Obviously they are still in over a £100M in debt.

Since then he's tried to run the club as a business, slowly reducing the debt and trying to make it sustainable. Does the MP as a responsible adult see any of this? Nope.

She goes to the papers and the house of commons basically saying; haway man ya fat bastad, spend sum of ya cash on wa toon...

Deluded mag clown.
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This post is simply brilliant.

I shall copy it, use it and claim it as my own
 
Keith S30S said:
She should try to do some maths. The mags were in £170M in debt (including £27M in owed transfers and all but bankrupt) when Ashley took over largely down to the Halls and Shepherd's wild over spending which gained them 2nd in the league (chertle). He paid £43M off the debt and gave them an interest free loan of £100M saving them at least £5M a season for each of his 12 years in charge. So basically there's over a £100M he's shelled out plus the £134M he paid for the club. Obviously they are still in over a £100M in debt.

Since then he's tried to run the club as a business, slowly reducing the debt and trying to make it sustainable. Does the MP as a responsible adult see any of this? Nope.

She goes to the papers and the house of commons basically saying; haway man ya fat bastad, spend sum of ya cash on wa toon...

Deluded mag clown.
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You'll have all of the factual information to back the numbers up, right? Not just soundbites from Ashley?
 
Roker Mackem said:
Im a huge SAFC fan since a kid. Born in Roker. Live in Newcastle.
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I live up there too but Nick Brown is my MP (although I didn’t vote for him).
Which area does this clown shoe Chi cover?

Sima said:
You'll have all of the factual information to back the numbers up, right? Not just soundbites from Ashley?
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What’s your take on the figures he’s quoted?
 
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gretzky said:
I live up there too but Nick Brown is my MP (although I didn’t vote for him).
Which area does this clown shoe Chi cover?



What’s your take on the figures he’s quoted?
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It's been reported that our debt was £76m in numerous places when he took over

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So even bearing in mind that £27m he suggests on transfers, I'm curious as to where the other £67m is coming from?

Ashley himself has said the debt inherited was £76m.

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Sima said:
You'll have all of the factual information to back the numbers up, right? Not just soundbites from Ashley?
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Here's a couple. I'm sure all the facts will be in the widely published club accounts of the time.

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Keith S30S said:
Here's a couple. I'm sure all the facts will be in the widely published club accounts of the time.

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Have you added the £100m t0 the £43m overdraft and then added the £27m in transfer fees?

It reads to me from this in the first article

Ashley paid off borrowings of £43m and cleared the overdraft, lending the club £100m on which he has chosen to waive interest.
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That the £43m was in the £100m loaned as there is no mention of the £43m and the £100m separately in the second (earlier) article. Only this:

Apart from the purchase of the club and the associated costs that come with that, I've put in a further £100m to reduce debts, yet we still have the outstanding debt of the monies still owed on player transfers,
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