sofatester
Striker
Rafa rang blue Monday personally and told him
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NUFC thread 2021.
- Thread starter Left For Dead
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She's called Alexa I believeYou think he has a wife?
faith brothers
Striker
no Benitez left for a Project the translation of this is $$$$$$$
Tbf, Ashley done an interview with the Daily Mail in July or August 2019 explaining more or less exactly that. They could've had Joelinton tied up as early as Feb 2019 but Benitez didn't want him and said he was overpriced.
Exile 1968
Winger
He wanted a 25% salary increase and a Wor Chest which would have bankrupted the club. So Ashley rightly told him to fuck right offno Benitez left for a Project the translation of this is $$$$$$$
Wanting to sign Rondon permanently for £16m, instead of £40m for Joelinton doesn't sound like a manager demanding a transfer kitty that will bankrupt the club.
Even if he did want a salary increase of 25%, that extra £1.5m a year is still better value than paying Sheffield Wednesday £6m compo to sign Bruce.
Mike Ashley- great businessman.
D
Deleted member 48931
Guest
Bankrupted the club.
He wanted what Ashley promised - every penny the club made invested back into things - he said that, not Benitez.
That's not to say Benitez was Nostradamus in the market, he had slips like every manager, but the problem was our set-up makes those failures more pronounced and that's true of any manager as evidenced by Bruce spending £15m on Lewis.
You look at say Leicester or Southampton. They'll buy someone like Musa or Carilllo for just south of £20m and if they flop there'll be a replacement in fairly promptly. They invest in quality young talent at a high price but they bank on their ability to improve and sell. And this is where I try to explain to people, my issue with Ashley is not his reluctance to spend big money consistently, it's that he never commits to one actual strategy. He cherry-picks the worst bits of several.
Brighton are not huge spenders, but they invest in a quality scouting network and take punts on a string of young players knowing one or two will really take off. We do not do that. We rely on agents AND we're cheap. This issue is bigger than Benitez, he just served to highlight the problem, one that Keegan first identified. This owner doesn't know football, he doesn't get football, and yet he refuses to relinquish control - at any level - to someone who will. Then he wonders why his team gets relegated.
Ashley In!!
Striker
Best tell @The Fish then as he's trying to blame Obertan on pardew.
Obertan was signed from a club in the same league tbf
Exile 1968
Winger
He's a fantastic owner. You would have been wound up without him you moronBankrupted the club.
He wanted what Ashley promised - every penny the club made invested back into things - he said that, not Benitez.
That's not to say Benitez was Nostradamus in the market, he had slips like every manager, but the problem was our set-up makes those failures more pronounced and that's true of any manager as evidenced by Bruce spending £15m on Lewis.
You look at say Leicester or Southampton. They'll buy someone like Musa or Carilllo for just south of £20m and if they flop there'll be a replacement in fairly promptly. They invest in quality young talent at a high price but they bank on their ability to improve and sell. And this is where I try to explain to people, my issue with Ashley is not his reluctance to spend big money consistently, it's that he never commits to one actual strategy. He cherry-picks the worst bits of several.
Brighton are not huge spenders, but they invest in a quality scouting network and take punts on a string of young players knowing one or two will really take off. We do not do that. We rely on agents AND we're cheap. This issue is bigger than Benitez, he just served to highlight the problem, one that Keegan first identified. This owner doesn't know football, he doesn't get football, and yet he refuses to relinquish control - at any level - to someone who will. Then he wonders why his team gets relegated.
Secret Visage
Striker
Bruces own words in that article was the transfer dragged on for quite some time. Considering he was only hired the previous Wednesday Id say the transfer was all agreed before Brucey even took charge. But you keep blaming him though
Has he still not backed up his bullshit claims?
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captain fatty
Central Defender
Worse than that marraBruces own words in that article was the transfer dragged on for quite some time. Considering he was only hired the previous Wednesday Id say the transfer was all agreed before Brucey even took charge. But you keep blaming him though
Has he still not backed up his bullshit claims?
He reckons he has a wife with a "muff, tit's" and everything
D
Deleted member 48931
Guest
I'm not blaming Bruce, but the notion he had no say or sign off isn't true. It wasn't done over his head. If that was the case they'd have just done it six months prior.Bruces own words in that article was the transfer dragged on for quite some time. Considering he was only hired the previous Wednesday Id say the transfer was all agreed before Brucey even took charge. But you keep blaming him though
Has he still not backed up his bullshit claims?
Bears Beets
Striker
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D
Deleted member 48931
Guest
No we wouldn't, as I've shown in this very thread, 'you moron'.
Won't lie, that one I have no idea, he was in the UK but French, so I'd wager both probably contributed to it.
Exile 1968
Winger
Yes you would you f***ing scruffy thick Mag twat. Ffs man you come on here full of slaver then after 2 hours the other week showed your true colours.
You'll never get the owner you think you're entitled to, never be rid of Ashley who's propped you up for years and never be as big a club or have a history like ours.
I hope he is purposely trying to relegate you so he can put you back where you belong and fuck the money he'll lose. Its pocket change to him and might lower you're ridiculously deluded expectations.
Now fuck off to your own boards you boring bastard.
There's a good lad
Secret Visage
Striker
Your previous owners took from the club and left you on the brink, this has been evidenced previously to others of your ilk.
Read, digest and f*ck off from our forum
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In spite of this, the club’s previous excesses have resulted in significant debt of £282 million, though only £150 million is held in the books of the football club with the remaining £132 million held in the holding company. The vast majority of this debt represents loans from Mike Ashley of £243 million, but there is also a bank overdraft of £36 million, which is a significant increase on the prior year balance of £1 million. Since the 2009 year-end, Ashley advanced a further £25.5 million to keep the club ticking over in the Championship, so his total investment in the club now stands at £268 million, represented by £132 million to buy the club, £70 million to repay loans and £66 million working capital.
Because most of the loans are from the owner, instead of banks, some commentators have argued that the club is effectively debt-free, though it should be noted that Ashley’s loans are now repayable on demand, whereas they were previously only repayable on demand in the event of a change of control (ownership). That said, it is clear that it is better for the football club to borrow money from the owner, as these loans are unsecured, which means that Ashley has no guarantee of repayment, and non-interest bearing. This has been important to the club’s finances, as the net interest payable has been reduced by £5 million a year.
More to the point, Ashley’s loans have been critical to the club’s survival, as it is far from clear that they would have managed to secure refinancing from the debt market. For example, Barclays Bank has insisted on securing its lending on assets and cash from transfer fees, while the last loan obtained by the previous regime under chairman Freddy Shepherd was at the prohibitively expensive interest rate of 11.72%.
In fact, it is fair to say that the previous ownership had mortgaged the club to the hilt, securing loans on virtually all the club’s assets (training ground) and future income streams (TV, sponsorship), though they would argue that this was used to fund the stadium development. Whatever the reasons, when Ashley bought the club, the holders of the loan notes invoked a change of control clause, forcing the new owner to immediately repay the £45 million outstanding, as opposed to the annual installments until 2016 that he had anticipated.
Despite his crass behaviour, there is no doubt that Mike Ashley has put his hand in his pocket to keep the club going. The unpalatable truth is that Newcastle United are heavily reliant on the support of their charmless owner. In the last two years, he has put in £111 million of new loans, initially to repay £70 million of expensive bank loans, but also providing £41 million of working capital on top of that (plus the £25.5 million subsequent to the books closing). Looking at the 2009 cash flow statement, his backing was required to help fund a £24 million loss from operating activities plus £17 million of net spend on new players, many of which were signed in previous periods, though most of the shortfall was financed by the increase in the overdraft.
The club’s deteriorating financial position is also evidenced by the balance sheet, which shows a swing from net assets of £17 million in 2005 to net liabilities of £52 million in 2009, though the players’ value in the accounts is under-stated compared to the price that they would receive in the market.
And what was the result of these staggering payments? After years of rank bad management, they left the club in an appalling mess: a £30 million loss; £70 million of debt plus £27 million owing transfer fees; extremely limited borrowing capacity, as all assets and income streams had already been used to secure loans; and a bloated wage bill of aging mercenaries on generous long-term contracts.
They also left us the indelible memory of Douglas Hall and Freddy Shepherd being caught by a News of the World sting, when they were recorded in a seedy Spanish bar, laughing about the Toon Army’s gullibility in buying replica shirts and calling Geordie women “dogs”. After this scandal, the gruesome twosome briefly resigned, only to return to the board less than a year later. Somehow, they managed to survive by spouting a lot of nonsense about “fighting for the Geordie nation” and appeasing the fans by making a marquee signing from time to time.
Incoming chairman Chris Mort criticised the old board, “If they had not been successful in refinancing the club by the end of the year, it would have folded like a pack of cards.” Admittedly, he had a vested interest, but his view was endorsed by Vinay Bedi from stockbrokers Brewin Dolphin, “Ashley bought a club that was financially going nowhere with debts increasing as player transfers built up. It was a difficult situation – it was hard to see how the club could be turned round quickly without a huge injection of cash.”
In contrast to Ashley, the former owners did very nicely out of their investment in Newcastle United, thank you very much. In fact, they absolutely coined it with the Halls (Sir John and Douglas) receiving a total of £95 million over the years, while the Shepherds (Freddy and Bruce) had to make do with £55 million. The Halls’ money comprised £55 million from the sale to Ashley, £20 million from previous share sales (to NTL and the club itself), £15 million from dividends and £5 million in salary payments, while the Shepherds’ money came from £38 million Ashley sale, £7 million dividends and £5 million salaries.
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D
Deleted member 48931
Guest
Yes you would you f***ing scruffy thick Mag twat. Ffs man you come on here full of slaver then after 2 hours the other week showed your true colours.
You'll never get the owner you think you're entitled to, never be rid of Ashley who's propped you up for years and never be as big a club or have a history like ours.
I hope he is purposely trying to relegate you so he can put you back where you belong and fuck the money he'll lose. Its pocket change to him and might lower you're ridiculously deluded expectations.
Now fuck off to your own boards you boring bastard.
There's a good lad
Rattled.- Status
