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Newcastle ufc (May 2019)

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Amaw said:
FFP in the first season of new owners doesn't exist to the extent it does for established chairman/clubs. New owners get a grace period where they can over spend.
Also Newcastle don't anywhere near receive their potential revenue due to Sports Direct taking the lions share, so we would greatly increase that. Last seasons Premier league income was announced a short while ago, despite finishing lower, we were in the top 10. Being live on sky 19 times only beaten by 5 clubs (or maybe 6 can't remember er) and our facilities income was top 6 or 7, around there. We make a profit, and still spend, well actually not that much.

But with investment our revenues could grow quite a bit, not to the extent man u, Liverpool or spurs. But we are currently the 5th biggest earners in the premier league. FFP may well stop Messi signings but we should be able to compete with 6 - 13.
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A reasoned mag. Well I never! Too bad most of your brethren on here are bell ends
 

North Yorks Mackem said:
Except hes saying their earnings are currently greater than two of the current top 6 which is of course nonsense.
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I will see if I can find that link again, I was surprised as you are.

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It's not the one I was originally looking at but it gives the same information I suppose.

actually this one is crap, the one I was looking at had match day income etc and facilities income.

I will keep looking

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this one here shows facilities income

Also, scratch the "But we are currently the 5th biggest earners in the premier league." it is 7th, I must have been looking at an old one.
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Either way, I wasn't trying to brag or big up Newcastle or anything like that, I was trying to say that we are quite healthy at the moment and we don't utilize our full potential under Ashley via sponsorship etc. There is a huge gap between us in 7th to 5th but with a little investment we could close that gap to at least compete with 6 - 13, I get that the past two seasons that is where we have finished but it was seasons of looking down rather than up. So when I say compete with 6 - 13 I mean in the style of Everton and Leicester etc.
 
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ISOE II said:
Apparently the Arabs are on there way today to do the deal according to a Scots Mag at work.
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:D:lol::lol::lol:, if ashley don't sell , mags will hang him

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Asked a Bin Zayed Group source about
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, who claimed "big news on Friday" for
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fans. Response: "Never heard of him."

 
Amaw said:
I will see if I can find that link again, I was surprised as you are.

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It's not the one I was originally looking at but it gives the same information I suppose.

actually this one is crap, the one I was looking at had match day income etc and facilities income.

I will keep looking

You must be logged on to see external links


this one here shows facilities income

Also, scratch the "But we are currently the 5th biggest earners in the premier league." it is 7th, I must have been looking at an old one.
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Either way, I wasn't trying to brag or big up Newcastle or anything like that, I was trying to say that we are quite healthy at the moment and we don't utilize our full potential under Ashley via sponsorship etc. There is a huge gap between us in 7th to 5th but with a little investment we could close that gap to at least compete with 6 - 13, I get that the past two seasons that is where we have finished but it was seasons of looking down rather than up. So when I say compete with 6 - 13 I mean in the style of Everton and Leicester etc.
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Only about 200 million short of the club with the 6th highest income.

MrOompapa said:
I can well believe that in terms of ticket fees and merchandise they do earn a lot, to be fair.
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They're 200 million short in terms of turnover from spurs who are sixth. They are light years away from the top 6.
 
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sima-hebburn said:
:D:lol::lol::lol:, if ashley don't sell , mags will hang him

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Asked a Bin Zayed Group source about
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, who claimed "big news on Friday" for
You must be logged on to see external links
fans. Response: "Never heard of him."

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Meanwhile Benitez contract expires in 30 days.
 
ReaL Madras said:
Has he leaked this as the transfer window opens.....due diligence, no spending, takeover collapses? :)
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Actually one for @Grumpy Old Man relating to due diligence. To the best of my knowledge NUFC still have this pending HMRC investigation hanging over them. Do you imagine any buyer would be happy to proceed without resolution of this and take on the risk ? Or alternatively could a deal be done where Ashley agrees to indemnify any potential losses after the event ? Any thoughts just not sure what happens in situations like this ?
 
Rob said:
Actually one for @Grumpy Old Man relating to due diligence. To the best of my knowledge NUFC still have this pending HMRC investigation hanging over them. Do you imagine any buyer would be happy to proceed without resolution of this and take on the risk ? Or alternatively could a deal be done where Ashley agrees to indemnify any potential losses after the event ? Any thoughts just not sure what happens in situations like this ?
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Massive indemnity clauses for sure.
 
Grumpy Old Man said:
Massive indemnity clauses for sure.
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Thanks. I thought that would be the case, but this in itself would surely end up being a point of negotiation wouldn't you think? Depending on the scale of any potential evasion and penalties, Ashley doesn't seem the sort to agree to an open ended indemnity so there might end up being an element of shared risk.
 
Rob said:
Thanks. I thought that would be the case, but this in itself would surely end up being a point of negotiation wouldn't you think? Depending on the scale of any potential evasion and penalties, Ashley doesn't seem the sort to agree to an open ended indemnity so there might end up being an element of shared risk.
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This could be what could hold anything up.
Ashley throughout his business career has shown himself to be a 'chips in' gambler.

WRT Newcastle:
Buying them without due diligence (and not realising that if the club was sold the company that funded the extension could call in the loan - something he could have found in the Newcastle Journal!)
And:
Spending £100 million on promotion when failure would have resulted in massive sanction (like QPR)
Both show he has no time the minutiae and he gambles to the point of recklessness.

Trying to negotiate lots of indemnity clauses with him would potentially be a nightmare.

For this to go through his advisors need to keep him as far away from the potential new owners as possible!
 
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Rob said:
Thanks. I thought that would be the case, but this in itself would surely end up being a point of negotiation wouldn't you think? Depending on the scale of any potential evasion and penalties, Ashley doesn't seem the sort to agree to an open ended indemnity so there might end up being an element of shared risk.
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Mrs G (no!) has done extensive M&A work on international transactions on the tax planning side. Tax indemnity clauses take up a huge amount of both due diligence and negotiating time.
 
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Zak's Dad said:
This could be what could hold anything up.
Ashley throughout his business career has shown himself to be a 'chips in' gambler.

WRT Newcastle:
Buying them without due diligence (and not realising that if the club was sold the company that funded the extension could call in the loan - something he could have found in the Newcastle Journal!)
And:
Spending £100 million on promotion when failure would have resulted in massive sanction (like QPR)
Both show he has no time the minutiae and he gambles to the point of recklessness.

Trying to negotiate lots of indemnity clauses with him would potentially be a nightmare.

For this to go through his advisors need to keep him as far away from the potential new owners as possible!
Click to expand...

Good examples. He's kind of a paradox like. He can gamble recklessly as above, but he can also be one stubborn bugger and gamble losing a deal over a simple point of principle a la Staveley. Its not my club and I wouldn't relish any success they may have, but I have to admit its good theatre sometimes.

Grumpy Old Man said:
Mrs G (no!) has done extensive M&A work on international transactions on the tax planning side. Tax indemnity clauses take up a huge amount of both due diligence and negotiating time.
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Aye I'd have thought. You sure about Mrs G ;) ?
 
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