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NUFC thread 2021.

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Brian Griffin said:
I’ve explained in depth on this forum the reasons for Rafa leaving. He won’t be coming back.

If I was a betting man, and I am, if Bruce gets the push, I’ll be putting my money on a magnificent return for Pardiola.
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Mark Hughes or Tim Sherwood. Nailed on.

Or Stevio Brucio. They'll love him. Won loads at other Clubs.

And Rafael left as he's a greedy fat charlatan who's career is at an end.
 
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Secret Visage said:
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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Apart from being a fantastic piece of investigative journalism this needs to be added to the forum as a sticky. It'll aid a few during work arguments but also kill wum mags arguments dead before they start. Haway mods do the decent thing
 
Cloughie said:
They could have put their own money into it, easily. They chose not to. There's a difference. I don't get why you come in here to just shout abuse when it clearly winds you up.
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Doesn't wind me up at all, I just correct liars.

They didn't put any of their own money into it as they could see the black hole deepening.

Monies taken from the club by the Halls and Shepherds was part of the reason Ashley had to inject so much.

Now go and play with the traffic, if the truth doesn't sit well with you.

As for liars @Rosco , still waiting...........
 
BigPeter said:
Rafa mint
Bruce shit
Ashleys a robbing fucker
Get the cabbages on the sticks!
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They should use a cabbage that comes with it's own 'stick' attached :lol::lol: (
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The Jersey cabbage (Brassica oleracea longata) is a variety of cabbage native to the Channel Islands that grows to a great height and was formerly commonly used there as livestock fodder and for making walking sticks. It is also known as Jersey kale or cow cabbage, and by a variety of local names including giant cabbage, long jacks, tree cabbage and the French chour and chou à vacque.

The 'Jersey cabbage' develops a long stalk, commonly reaching 6 to 10 feet (1.8 to 3.0 m) in height, and can grow as tall as 18 to 20 feet (5.5 to 6.1 m). Historically the stalks were made into walking sticks, of which 30,000 a year were being sold by the early 20th century, many for export

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Exile 1968 said:
🤣🤣🤣🤣 hopefully that shuts the thick Mag arsehole up
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I had a good look myself into those finances back in the day and they were in an horrific position, in terms of lending against future income etc.

You'll notice they borrowed against the training ground, not the stadium, as they don't own that.

Seems like the "new" mags on here are trying to rewrite history (there's a surprise), unfortunately for them, it's set out in black and white (!) despite their protestations.
 
MackemX said:
They should use a cabbage that comes with it's own 'stick' attached :lol::lol: (
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)

The Jersey cabbage (Brassica oleracea longata) is a variety of cabbage native to the Channel Islands that grows to a great height and was formerly commonly used there as livestock fodder and for making walking sticks. It is also known as Jersey kale or cow cabbage, and by a variety of local names including giant cabbage, long jacks, tree cabbage and the French chour and chou à vacque.

The 'Jersey cabbage' develops a long stalk, commonly reaching 6 to 10 feet (1.8 to 3.0 m) in height, and can grow as tall as 18 to 20 feet (5.5 to 6.1 m). Historically the stalks were made into walking sticks, of which 30,000 a year were being sold by the early 20th century, many for export

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I honestly had to check it wasn't April 1st when I read that article this morning. No self awareness. Pure Comedy Gold. And lots agreeing with him. They're completely shot like.
Secret Visage said:
I had a good look myself into those finances back in the day and they were in an horrific position, in terms of lending against future income etc.

You'll notice they borrowed against the training ground, not the stadium, as they don't own that.

Seems like the "new" mags on here are trying to rewrite history (there's a surprise), unfortunately for them, it's set out in black and white (!) despite their protestations.
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Nice work fella 👍
 
Secret Visage said:
Doesn't wind me up at all, I just correct liars.

They didn't put any of their own money into it as they could see the black hole deepening.

Monies taken from the club by the Halls and Shepherds was part of the reason Ashley had to inject so much.

Now go and play with the traffic, if the truth doesn't sit well with you.

As for liars @Rosco , still waiting...........
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Go and play with traffic. Keep this up I'll tip your wheelchair.

Ok, so now I get it - our definitions of 'on the brink' are clearly very different. To me, being on the financial brink is not paying players, selling players to fund the club, having no money you can inject. Basically what Donald had you lot in. It's not, what Ellis Short had you in, which was a decent amount of debt but still able to run the club provided things stayed the same. By your definition, Man Utd are on the financial brink. :lol:

Would we have been there in three years? Maybe. It would depend likely on whether we got back into Europe, but you forget that relegation forced us into selling the likes of Obafemi Martins and Seb Bassong for less than they were worth. That was a relegation that he oversaw by pissing off Keegan with broken promises (he won a court case that proved the fact) and then installing a cascade of bad managers and then desperately turning to Shearer like he was ever going to keep us up.

It's common sense, Ashley inherited a club that was fairly stable in mid-table/top half, and managed to make Europe on a regular basis. We couldn't always maintain the levels of Sir Bobby, but we could comfortably float below it. Since then he's had us there once, and then chose, with a bloated schedule and all that, to sign one player. He's made us a far more unstable club in terms of Premier League status, but benefited from the rise in club prices. I don't expect you understand or agree, however.
 
Cloughie said:
Go and play with traffic. Keep this up I'll tip your wheelchair.

Ok, so now I get it - our definitions of 'on the brink' are clearly very different. To me, being on the financial brink is not paying players, selling players to fund the club, having no money you can inject. Basically what Donald had you lot in. It's not, what Ellis Short had you in, which was a decent amount of debt but still able to run the club provided things stayed the same. By your definition, Man Utd are on the financial brink. :lol:

Would we have been there in three years? Maybe. It would depend likely on whether we got back into Europe, but you forget that relegation forced us into selling the likes of Obafemi Martins and Seb Bassong for less than they were worth. That was a relegation that he oversaw by pissing off Keegan with broken promises (he won a court case that proved the fact) and then installing a cascade of bad managers and then desperately turning to Shearer like he was ever going to keep us up.

It's common sense, Ashley inherited a club that was fairly stable in mid-table/top half, and managed to make Europe on a regular basis. We couldn't always maintain the levels of Sir Bobby, but we could comfortably float below it. Since then he's had us there once, and then chose, with a bloated schedule and all that, to sign one player. He's made us a far more unstable club in terms of Premier League status, but benefited from the rise in club prices. I don't expect you understand or agree, however.
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Wa obviously "divvunt undastaand "

🤣🤣🤣🤣🤣🤣🤣
 
tonyfromalnwick said:
You would think that such a giant club as the skunks would be able to organise a special place on the internet, where their "special" fans could log on to, and discuss football matters, animal abuse,Ashley, and any other matters of interest to them, amongst each other.

Instead of infesting this place.
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Do they not have anywhere?

Build it and they will come. One nation under a groove. You need your own space.
 
Exile 1968 said:
Wa obviously "divvunt undastaand "

🤣🤣🤣🤣🤣🤣🤣
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Clearly doesn't understand this bit.

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%.
 
Exile 1968 said:
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"What can we do? I don’t really know but I decided to stand close to the training ground on Tuesday morning with a cabbage on a stick on a one man protest. This was allegedly the first day back at training after the Brighton debacle, which I had had over two days to stew on"

This....is f***ing GOLD 🤣🤣🤣🤣🤣
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That has to be one of us on a wind up surely?
 
Sandboy said:
although I derive great pleasure from any toon shenanigans and have done for many a year, this wasn't their usual protest. No face paint, no bad spelling, no dressing up as a priest, no shop shouting, no shovel, no broken phone boxes and no horses harmed. They are performing so badly they've driven a previously stable ( toon leanings apart ) 65 year old retired man to get out of bed and go and stand by the side of the road with a cabbage on a stick

f***ing priceless :lol:
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Ladies and gentlemen from the same stable that produced
The horse punchers,
the coffin carriers,
the shop shouters,

may I now present for your delight and delectation...... ....

The Brassica Bearers. 👏

🤣🤣🤣🤣🤣

Or does cabbage clutchers work better? 😉
 
Cloughie said:
:lol:

You clearly don't understand the difference in interpretation, Barry.
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It is clear who doesn’t understand. What is it with you sad bastards spending morning noon and night on this forum? Jobless, penniless, lonely or just obsessed?

12.46am and you were posting on a Sunderland forum, what a time to be alive.
 
Exile 1968 said:
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Imagine the bother they'd be in if Rafa had got his way. Bankrupt
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This could almost be the fish as he has indicated it is so easy to run a football club:

"They should adopt a moneyball approach to scouting. It's worked wonders from Brentford, Barnsley and Utrecht. And a manager with a brain would be useful, not just experience of being mediocre."

Football fans, and mags in particular, are often clueless. Just because Barnsley are currently 5th in the Championship they must be doing things right. In the 13 seasons that Ashley took over they have had 10 years in the Championship and 3 in L1. They were relegated from the Championship in 2 out of the 10 seasons, finished 21st in 3 more and 20th in 1 more and best finish was 14th. Yeah, the Mags would tolerate that. Jeez.
 
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