Mags £150 million in debt


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Re: Football Finance expert on BBC Newcastle reckons SAFC are fucked

Speak some sense man you f***ing invalid.[/QUOTE]

One who is incapacitated by a chronic illness or disability, that was the sacked Sir Bobby Robson when he was in that condition you lot decided to make him a Toon hero and Newcastle legend, bunch of arse wipes, just for your info it was too late then, he and his family had been badly let down by the marvelous toon army, and answer the question that was put to you when you made a bullshit statement about our finances
 
Re: Football Finance expert on BBC Newcastle reckons SAFC are fucked

Speak some sense man you f***ing invalid.

Did you ask that of Sir Bobby? Personally I used to love his screwed up interview replieslike "the second half was the better and later of the two"
 
Re: Football Finance expert on BBC Newcastle reckons SAFC are fucked

Did you ask that of Sir Bobby? Personally I used to love his screwed up interview replieslike "the second half was the better and later of the two"

ARSEWIPE51 is strawb in disguise or a tired school bairn and this is a bit much for his not yet adult brain, I will give him a break I think


Bit of a Pratt isnt he, poor bairn
 
f***ing hell, talk about embarrassing yourselves. :oops: No wonder mackems have a reputation for being thick as pigshit charvers.

And I haven't a clue what you were going on about previously.

Speak some sense man you f***ing invalid.[/QUOTE]

One who is incapacitated by a chronic illness or disability, that was the sacked Sir Bobby Robson when he was in that condition you lot decided to make him a Toon hero and Newcastle legend, bunch of arse wipes, just for your info it was too late then, he and his family had been badly let down by the marvelous toon army, and answer the question that was put to you when you made a bullshit statement about our finances

What bullshit statement about your finances?
 
He talks about thick as pig shit, he only posted it today and cant work out how to go and have a look at post 106 and 108, ARSEWIPE51 you are awarded this for the month of march

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Indeed I did make a statement in 106 but I'm struggling to understand which part of it is BS. As for 108 you want a source for what?

Well done, you can effectively use Google Images. That's primary school level use of a computer that. Your Mam must be dead proud. Have a gold star and a pat on the back. ;)
*******. :lol:
 
Indeed I did make a statement in 106 but I'm struggling to understand which part of it is BS. As for 108 you want a source for what?

Well done, you can effectively use Google Images. That's primary school level use of a computer that. Your Mam must be dead proud. Have a gold star and a pat on the back. ;)
*******. :lol:

goodnight ;)
 
Goodnight indeed mate there must be something in the water on Whineside.

Chav capital of Britain, closely run by Portsmouth apparently. :-D
Now THAT is some going! :eek:

I will check that one out, funny fuckers these skunkers, WTF they spend hours on this board, I cant get my head around it me like
 
I will check that one out, funny fuckers these skunkers, WTF they spend hours on this board, I cant get my head around it me like

I comment very occasionally in threads about NUFC where you lot need corrected and the irony is you spent most of the night whinging because I wasn't online. :lol:
Proper f***ing special you like. :lol:
 
I comment very occasionally in threads about NUFC where you lot need corrected and the irony is you spent most of the night whinging because I wasn't online. :lol:
Proper f***ing special you like. :lol:
hi jake are you being targeted for entering a Sunderland Messageboard whilst being a Newcastle fan, thats terrible, the original topic is Pure Football related so therefore has a place on here and i wouldnt consider it to be sad or cringey or owt.
but the fact of a NUFC fan entering into a discussion on said messageboard subject wouldnt be sad or cringey or owt and i for one appreciate the efforts of you to offer an unbiased and opposition side to the thread.
Unfortunately you will be seen to be sad and cringey by coming on here by certain sections of this board for replying, but not for you replying but for the fact your patter is f***ing minus
 
Re: Football Finance expert on BBC Newcastle reckons SAFC are fucked

Foj yourself. What that geezer was just saying was extremely worrying seeing as though he is apparently an expert in the field. He was suggesting what we've done is no less dangerous than what Leeds and Portsmouth did.
But the geezer is wrong.
Leeds used a business model that was based on the premise that success would bring in bigger crowds. They borrowed money to buy players on the basis of the expected bigger crowds and prize money.
It failed miserably and remember they key word is borrowed.
We ( SAFC) are getting a combination of loans from ES which to date he has most capitalised ( converted to shares )
The banks arent knocking on our doors for money owed, and wont be when he leaves.
Add to that the assets that are the SOL & the AOL.
Leeds had flogged off their ground and training ground well before it all came crashing down.
Pompey...I mean please. 2 lots of dodgy east european owners followed by a couple of middle east wannabes. Again the whole lot was based on borrowing not capital injection by owners.
The likes of ourselves and AV are lucky to have owners that we do have. Villa especially are a club with a lot of real estate assets built up during deadly doug ellis's tenure.
Yes we'd both hurt if our respective owners upped and walked, however we would never crash and burn like leeds and Pompey have.
NUFC is currently death by a 1000 cuts.
Carroll gone, tiote, enrique and barton will no doubt be flogged in the summer. I'm sure he'd like Coloccini and gutierrez of the off the wages bill as well. The only assets they have is they are a well known brand and they have decent crowds, both intangible assets.
 
Re: SAFC 'will go into administration'

Its surely correct.

Short (as Sunderland Ltd/Drumaville Ltd) guarantees SAFC as a going concern. However although its a huge business risk that SAFC relies on one person its a huge business risk for almost all PL football clubs.

Same could be said of Chelsea and Abramovich and its one of the corporate governance weaknesses of the PL.

Although the Drumaville consortium obviously didnt have the money that Short seems willing to put in at least the risk was spread between a few people.

I'd take issue with that though as Chelsea at least have the commercial clout to make what they are doing viable even if RA left. Also RA is one of the most wealthy men in the world meaning is practically imune to global recession and able to write off the majority of what he's put into Chelsea.

We'd better just hope nothing happens to Mr Short, that his businesses prosper and he stays fit and healthy as I don't really see much difference between the current SAFC model and that of Brookes Mileson's Gretna punching above their weight, and looked what happened to them! :mad:
 
Re: SAFC 'will go into administration'

I'd take issue with that though as Chelsea at least have the commercial clout to make what they are doing viable even if RA left. Also RA is one of the most wealthy men in the world meaning is practically imune to global recession and able to write off the majority of what he's put into Chelsea.

We'd better just hope nothing happens to Mr Short, that his businesses prosper and he stays fit and healthy as I don't really see much difference between the current SAFC model and that of Brookes Mileson's Gretna punching above their weight, and looked what happened to them! :mad:

The club owe, £50million?

We are in a superb position and could easily cut our cloth if we needed to.

Short has capitalised most of his investment. This is significant. If he went belly up his creditors could only sell the shares, they couldn't demand all his money back.
 
I comment very occasionally in threads about NUFC where you lot need corrected and the irony is you spent most of the night whinging because I wasn't online. :lol:
Proper f***ing special you like. :lol:

So is your club £150 million in debt or not, as this is what the thread is about, we eagerly await your considered judgement
 
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