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Newcastle fc

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Secret Visage said:
So from that they could get together £250 million towards the £380 million asking price.
Or installments, with in all probability using future club income to pay the additional £50 / £100 million to cover it.

Not surprised Ashley said no.
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PCP’S THREE BIDS
  • £300m, first bid, November 2: £200m on completion. £50m July 1 2018, £50m July 1 2019 — neither paid in the event of relegation. Benítez to stay as manager. Penalty clauses in the event of HMRC fine.
  • £350m, second bid, November 10: £150m on completion. £50m January 1 2020 £50m January 1 2021 £50m January 1 2022 £50m in the event of qualifying for the Champions League. Benítez to stay as manager. Penalty clauses in the event of relegation and HMRC fine.
  • £250m, third bid, November 17: £250m payable in full. Benítez to stay as manager. No clauses

Tbh that second bid is mental. Give you half now then start paying you the rest yearly after 2 years
 
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What A Waster said:
PCP’S THREE BIDS
  • £300m, first bid, November 2: £200m on completion. £50m July 1 2018, £50m July 1 2019 — neither paid in the event of relegation. Benítez to stay as manager. Penalty clauses in the event of HMRC fine.
  • £350m, second bid, November 10: £150m on completion. £50m January 1 2020 £50m January 1 2021 £50m January 1 2022 £50m in the event of qualifying for the Champions League. Benítez to stay as manager. Penalty clauses in the event of relegation and HMRC fine.
  • £250m, third bid, November 17: £250m payable in full. Benítez to stay as manager. No clauses

Tbh that second bid is mental. Give you half now then start paying you the rest yearly after 2 years
Click to expand...
So not meeting his valuation at all. And anything above 200m was pretty much to be paid out of club funds. A huge bullet dodged as far as I can see. If you think Ashley has no ambition, just think of figures now less 50m a season to pay off Ashley.
 
What A Waster said:
PCP’S THREE BIDS
  • £300m, first bid, November 2: £200m on completion. £50m July 1 2018, £50m July 1 2019 — neither paid in the event of relegation. Benítez to stay as manager. Penalty clauses in the event of HMRC fine.
  • £350m, second bid, November 10: £150m on completion. £50m January 1 2020 £50m January 1 2021 £50m January 1 2022 £50m in the event of qualifying for the Champions League. Benítez to stay as manager. Penalty clauses in the event of relegation and HMRC fine.
  • £250m, third bid, November 17: £250m payable in full. Benítez to stay as manager. No clauses

Tbh that second bid is mental. Give you half now then start paying you the rest yearly after 2 years
Click to expand...
It makes me wonder if it’s the penalty clauses related to an HMRC fine that Ashley doesn’t like? It’s one of the very few logical reasons I can think of why he won’t accept those terms. Could be more to the case than meets the eye...
 
What A Waster said:
PCP’S THREE BIDS
  • £300m, first bid, November 2: £200m on completion. £50m July 1 2018, £50m July 1 2019 — neither paid in the event of relegation. Benítez to stay as manager. Penalty clauses in the event of HMRC fine.
  • £350m, second bid, November 10: £150m on completion. £50m January 1 2020 £50m January 1 2021 £50m January 1 2022 £50m in the event of qualifying for the Champions League. Benítez to stay as manager. Penalty clauses in the event of relegation and HMRC fine.
  • £250m, third bid, November 17: £250m payable in full. Benítez to stay as manager. No clauses

Tbh that second bid is mental. Give you half now then start paying you the rest yearly after 2 years
Click to expand...
The first one : £200m to Ashley, they could have avoided the 2018 and 2019 payments by actively relegating you :lol: , then a rebate if HMRC fine, so potentially less than £200m

The second one : £150m to Ashley, £150 million on tick for a few years, the Champions League stuff we'll just leave that there, then penalty clauses (probably similar to the first one), so again potentially less than £200m

The third one : £250m

So looking at the downside for Ashley he could potentially have got less than £200 million, less than £200 million or £250 million.
None of these come anywhere near the £380 million value he placed on the club.

Wonder why he didn't sell :lol:
 
Secret Visage said:
The first one : £200m to Ashley, they could have avoided the 2018 and 2019 payments by actively relegating you :lol: , then a rebate if HMRC fine, so potentially less than £200m

The second one : £150m to Ashley, £150 million on tick for a few years, the Champions League stuff we'll just leave that there, then penalty clauses (probably similar to the first one), so again potentially less than £200m

The third one : £250m

So looking at the downside for Ashley he could potentially have got less than £200 million, less than £200 million or £250 million.
None of these come anywhere near the £380 million value he placed on the club.

Wonder why he didn't sell :lol:
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Ashley In!! said:
I see from twitter that Sports Direct are actually paying for their advertising which rather blows the accusation that it's "free advertising for his shop" out of the water.
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Yes, just read the minutes of the meeting and they have now started paying.
So that's a positive thing imo. A good move.
The club also said that the figure owed to Ashley is now less than what was in the published accounts. Accounts published 7th August said the debt was £144m so between then and the fans forum meeting he's taken some of his loan back.
 
What A Waster said:
Yes, just read the minutes of the meeting and they have now started paying.
So that's a positive thing imo. A good move.
The club also said that the figure owed to Ashley is now less than what was in the published accounts. Accounts published 7th August said the debt was £144m so between then and the fans forum meeting he's taken some of his loan back.
Click to expand...

Was that debt not up to the previous summer? He's perfectly entitled to take back what he's owed, particularly over and above the amount he put in to clear the loans when he bought it.
 
Ashley In!! said:
Was that debt not up to the previous summer? He's perfectly entitled to take back what he's owed, particularly over and above the amount he put in to clear the loans when he bought it.
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All it says was the debt now is less than what was stated in the published accounts. The accounts came out in August, but they're about a year behind. The minutes of the meeting didn't stipulate when he took the money back, just that the figure is now lower than published.
 
What A Waster said:
All it says was the debt now is less than what was stated in the published accounts. The accounts came out in August, but they're about a year behind. The minutes of the meeting didn't stipulate when he took the money back, just that the figure is now lower than published.
Click to expand...

So basically it's come down in the last 14 months. Seems fair enough seeing as he's had to prop up two relegations financially, albeit the first one was at his door.
 
What A Waster said:
All it says was the debt now is less than what was stated in the published accounts. The accounts came out in August, but they're about a year behind. The minutes of the meeting didn't stipulate when he took the money back, just that the figure is now lower than published.
Click to expand...
@Grumpy Old Man might help, he’s our go to financial blokey and makes finances understandable for even my small brain.
 
Ashley In!! said:
So basically it's come down in the last 14 months. Seems fair enough seeing as he's had to prop up two relegations financially, albeit the first one was at his door.
Click to expand...

Also said in the meeting that the club pay the full fee up front for players in order to get the best deal, but they allow the buying clubs to pay in installments in order to receive the highest fee.
Instead of paying in installments like anybody else would, balancing your outgoing installments with incoming ones and other income, signing 2 or 3 players nearly bankrupts us as it would be about £30m going out in one window and then relying on installments and other income to replenish that.
Extremely limiting way to operate

janey said:
@Grumpy Old Man might help, he’s our go to financial blokey and makes finances understandable for even my small brain.
Click to expand...

WHERE'S THE MONEY GONE
 
What A Waster said:
Also said in the meeting that the club pay the full fee up front for players in order to get the best deal, but they allow the buying clubs to pay in installments in order to receive the highest fee.
Instead of paying in installments like anybody else would, balancing your outgoing installments with incoming ones and other income, signing 2 or 3 players nearly bankrupts us as it would be about £30m going out in one window and then relying on installments and other income to replenish that.
Extremely limiting way to operate



WHERE'S THE MONEY GONE
Click to expand...
:):)
 
What A Waster said:
Also said in the meeting that the club pay the full fee up front for players in order to get the best deal, but they allow the buying clubs to pay in installments in order to receive the highest fee.
Instead of paying in installments like anybody else would, balancing your outgoing installments with incoming ones and other income, signing 2 or 3 players nearly bankrupts us as it would be about £30m going out in one window and then relying on installments and other income to replenish that.
Extremely limiting way to operate



WHERE'S THE MONEY GONE
Click to expand...

Not really when your owner is prepared to fund it to the extent of £140m interest free.
 
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