The Fish
Winger
Yeah, don't yours?
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Newcastle fc
- Thread starter Fulwellmackem
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Rafa is not asking Ashley to do that by the way.
Rafa has asked for a competitive budget that shows the club has ambition to move forward, one that is reasonable and within the means of the club. At no time has he asked Ashley to invest money into the squad from outside of the clubs revenue.
The debt that you are talking about is not debt to a bank it's to Ashley and it just means he payed less than the club was worth by that amount. It's a pretty meaningless figure, I think its 120 million so you can say the club is worth 300 million to Ashley or you can say it's worth 180 million to him plus the 120 million he is owed, it's pretty irrelevant.
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Reiver
Guest
But Ashley's not interested in moving the club forward ..... he wants to move it on to someone else but can't find a buyer.
I would agree with the first half, I would be sceptical about the second. At the end of the day you are only trying to sell something if you price it to sell.
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Reiver
Guest
So you think he's lying when he says he wants to sell the club.
North of the Smoke
Striker
They could be big and have real tradition, but they are one of the least dignified clubs in football.
Somewhere along the way they believed their own hype.
Somewhere along the way they believed their own hype.
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Temptation88
Guest
I do. I can't see him going anywhere anytime soon. He's got it too good and too easy.
reginald_molehusband
Winger
Sell at a realistic price, absolutely.
This is the 3rd time the club has been 'up for sale', and he still hasn't managed it.
He's full of shit.
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Temptation88
Guest
He will still be here in 5 years time.
reginald_molehusband
Winger
Unless he gets a mental offer, you're probably right.
The club is costing him nothing whilst his sports shop gets all the advertising exposure. Meanwhile if a buyer is willing to meet his price he's laughing. Otherwise, carry on as you were. I think he enjoys the fact his other businesses benefit from the association with NUFC, and that debt is in place to deter any buyers. If somebody is willing to pay the debt and buy the club he comes out of it well, but he doesn't need to sell
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Reiver
Guest
So that's that then .... Ashley isn't bothered about selling but he won't be putting in money.
He's stated, point blank, that he won't be 'backing Rafa' with the amount the supporters want.
The end.
He's stated, point blank, that he won't be 'backing Rafa' with the amount the supporters want.
The end.
saying "within the means of the club" means breaking even and ashley not putting any more money in to increase the debt. any profit gets invested into the players.
your 2016 accounts showed a 4.6m profit on 125m turnover, no idea what the last 2 years would be, but last year you made a profit on sales, had more players (on probably less wages so the wage bill was probably similar) but would have lost some premier league money, so at a guess about the same profit.
you can argue he could have invested 4.6m more in 2016, and maybe the same last year then. not exactly much more than he's doing is it?
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Temptation88
Guest
We will spend 40m and get in about 25m from sales. Benitez will stay and do well again as we finish 9th-11th before leaving when his contract is up next summer. That would be my guess
reginald_molehusband
Winger
Totally agree.
As you say, the debt is there for a reason. At one point a few years back, we had something like £40m sitting in the account doing nothing, which could have paid a large chunk of the debt to him (I think it was £110m at the time), but he chose not to. I wonder why?
Essentially he's a greedy ****, with little regard for anything else other than Mike Ashley plc, however one day we'll be of no use to him, and he'll cast us aside like an empty coke can. Until then, we just have to make the most of it I guess, but I know of plenty of people who won't go back until he's gone.
He'll be away in the summer if he gets a better offer elsewhere in this country.
reginald_molehusband
Winger
I think the big sticking point will be when Benitez asks him for the money to rebuild/overhaul the training ground academy, as there's no chance Ashley will sign off on a £50-100m spend without seeing potentially no money coming back into his back pocket.
And that will be the end of Rafa.
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