Mags selling their stadium to themselves

[Useful_Idiot]

Whispers that if they hadn't have sold the stadium to themselves they'd have breached PSR rules, that's why they've done it.

They would've. They've also breached UEFA rules but it's less relevant as they probably won't qualify for Europe

 

[HoxtonMackem]

Wetherspoons has done a breakdown on twitter. But aye they’ve done it to basically avoid a breach. Without it the would have booked a 90 odd million loss. Now they’ve swung into profit it’s not sustainable like. They can only do that once

Sounds like a knee jerk desperate lurch to keep themselves in the black this year.

As you say, can only do it once.

Stinks of terrible and disinterested financial management.

 

[Pacific]

they're defending it as a needs must to 'compete' after previously slagging Chelsea and Villa for similar book fiddling shenanigans

not like them to be hypocritical

 

[Stubbs ftm]

"but wa the richest clerb in the wurld"

 

[The Situation]

Would have breached PSR without it.

Saudis also starting to pull the plug on spending on various sports.

All of this in the aftermath of a second derby defeat this season at the hands of their newly promoted rivals, after Newcastle have spent close to a billion quid in the time we've been away from the PL.

 

[wednesday1957]

Didn't Derby do something similarly dodgy before things went tits up for them?

Wednesday did, thatswhat started the bloody messwe are in now...heres hoping eh?

 

[jaraarrow]

Qualifying for the europa league or conference will probably cost them money this season ,expect a few dodgy results incoming

 

[Wearside Wanderer II]

Wow theyre fucked.

Edit: pop up ads covering the post reply button ffs

Annoying as fuk those adverts at the bottom
Like.

 

[Bacon]

The money booked in this season clears the losses but also presumably knocks £170m off the net value of the club? Can't be good long term can it?

 

[The Situation]

Qualifying for the europa league or conference will probably cost them money this season ,expect a few dodgy results incoming

It reduces their spending limit from 85% to 70%.

Seems a mad rule like but aye, they're probably better off out of it this season all told as they won't make CL.

 

[Useful_Idiot]

It’s funny as fuck. But in some ways it’s depressing. They’ve got the biggest revenues outside the top 6. They’re gaming ground on spurs but they’re still miles off being a sustainable concern. Football is just fucked

They haven't exactly gone about in a smart way though. They spent huge amounts of money on players with very little resale value and then also refuse to sell them (see Isak) then panic and buy more players with not much value/not good enough. If they were more patient and slowly built up by buying and selling talent then they'd be in a much better position. But they've been absolutely mugged off from everyone including their own recruitment team

 

[The Shepherd]

Having to do deals like the Anderson and Forests backup keeper and now this to stay in the rules is a sign of a poorly run club.

Wor Mandy....wor Sayvyaaaar!!

 

[Tuono]

Mosque on the hill.

Mosque at the bottom of the hill.

 

[Morny]

Outside of the rights and wrongs of it, and at risk of sounding like an old gadgey, but it does my head in how much of football coverage nowadays is just about financial manoeuvrings and accounting entries.

Bloody dull.

 

[JL1985]

Logon or register to see this image

 

[Hendon Mad Frog]

Errr nerrr wor noo part a tha kartel

 

[nelford_safc]

Cheats.

 

[Carteron]

But wa just want a team that tries mannnnnnnnnnnnn

 

[gretzky]

I’m not familiar with Newcastle, but in Manchester practically every property is leasehold rather than freehold. It may just be be par for the course up there

I live in Newcastle, my house is freehold

 

[Tuono]

90 million pounds to finish below Sunderland.