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NUFC and other Sportswashing Spring 2022

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Below is from the Athletic. How much do Newcastle United still owe to Mike Ashley? Really doesn’t seem clear to me from reading that.

Noticeable that the Saudis were open to keeping him around. How would that help them replicate what Man City did? Mike Ashley would surely be more of a hindrance than a help to a project like that.

Ashley’s claim that Staveley’s company couldn’t afford the deposit and he leant it to her instead is repeated. The article doesn’t mention Staveley’s lie that she got the funds by flogging a hotel.

This takeover isn’t what the mags think it is at all. There’s red flags all over it, yet they just can’t admit it!

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“Ashley claims that, while “PIF had been open” to him continuing as a minority shareholder, Staveley “was opposed to Mr Ashley’s continued involvement”.
Newcastle’s most recent accounts, which covered the final full season of Ashley’s ownership, showed that the retailer was owed £106.9 million as of June 30, 2021, having provided a long-term loan facility to the club. The accounts state that the loan was “interest-free and repayable on demand”.
While it had been widely assumed that those loans were included in the £305 million purchase price for the club, Ashley’s amended court documents state that “shortly before closure of the 7 October transaction… a loan repayment of GBP 17,500,000 (was made) to Mr Ashley as per an agreement with the acquiring consortium”.
Staveley and PCP declined to comment when approached by The Athletic.
In November, The Athletic reported that Newcastle’s ownership were required to invest another £38.5 million into the club to cover daily costs. “There was an immediate requirement for cash, day one, for working capital and then for the transfer window,” Staveley later said.

On the £10 million loan, Ashley’s initial case claimed that, “PCP and the First Defendant (Staveley) were also unable to meet the advisory, legal, and other costs and commissions associated with PCP’s participation in the SPA (sales and purchase agreement). Therefore, and in order for the whole transaction to be able to proceed, the Claimant agreed to lend the First Defendant the funds required to pay PCP’s bill.”
“As the defence says, we incurred costs that were for the benefit of the whole consortium,” Staveley said four months ago. “Mike wanted very much a deal done very quickly and that meant we made a decision which meant he could close quickly. We took that burden on.”
 
Skellington said:
Below is from the Athletic. How much do Newcastle United still owe to Mike Ashley? Really doesn’t seem clear to me from reading that.

Noticeable that the Saudis were open to keeping him around. How would that help them replicate what Man City did? Mike Ashley would surely be more of a hindrance than a help to a project like that.

Ashley’s claim that Staveley’s company couldn’t afford the deposit and he leant it to her instead is repeated. The article doesn’t mention Staveley’s lie that she got the funds by flogging a hotel.

This takeover isn’t what the mags think it is at all. There’s red flags all over it, yet they just can’t admit it!

You must be logged on to see external links

“Ashley claims that, while “PIF had been open” to him continuing as a minority shareholder, Staveley “was opposed to Mr Ashley’s continued involvement”.
Newcastle’s most recent accounts, which covered the final full season of Ashley’s ownership, showed that the retailer was owed £106.9 million as of June 30, 2021, having provided a long-term loan facility to the club. The accounts state that the loan was “interest-free and repayable on demand”.
While it had been widely assumed that those loans were included in the £305 million purchase price for the club, Ashley’s amended court documents state that “shortly before closure of the 7 October transaction… a loan repayment of GBP 17,500,000 (was made) to Mr Ashley as per an agreement with the acquiring consortium”.
Staveley and PCP declined to comment when approached by The Athletic.
In November, The Athletic reported that Newcastle’s ownership were required to invest another £38.5 million into the club to cover daily costs. “There was an immediate requirement for cash, day one, for working capital and then for the transfer window,” Staveley later said.

On the £10 million loan, Ashley’s initial case claimed that, “PCP and the First Defendant (Staveley) were also unable to meet the advisory, legal, and other costs and commissions associated with PCP’s participation in the SPA (sales and purchase agreement). Therefore, and in order for the whole transaction to be able to proceed, the Claimant agreed to lend the First Defendant the funds required to pay PCP’s bill.”
“As the defence says, we incurred costs that were for the benefit of the whole consortium,” Staveley said four months ago. “Mike wanted very much a deal done very quickly and that meant we made a decision which meant he could close quickly. We took that burden on.”
Click to expand...
🍿
 
Skellington said:
Below is from the Athletic. How much do Newcastle United still owe to Mike Ashley? Really doesn’t seem clear to me from reading that.

Noticeable that the Saudis were open to keeping him around. How would that help them replicate what Man City did? Mike Ashley would surely be more of a hindrance than a help to a project like that.

Ashley’s claim that Staveley’s company couldn’t afford the deposit and he leant it to her instead is repeated. The article doesn’t mention Staveley’s lie that she got the funds by flogging a hotel.

This takeover isn’t what the mags think it is at all. There’s red flags all over it, yet they just can’t admit it!

You must be logged on to see external links

“Ashley claims that, while “PIF had been open” to him continuing as a minority shareholder, Staveley “was opposed to Mr Ashley’s continued involvement”.
Newcastle’s most recent accounts, which covered the final full season of Ashley’s ownership, showed that the retailer was owed £106.9 million as of June 30, 2021, having provided a long-term loan facility to the club. The accounts state that the loan was “interest-free and repayable on demand”.
While it had been widely assumed that those loans were included in the £305 million purchase price for the club, Ashley’s amended court documents state that “shortly before closure of the 7 October transaction… a loan repayment of GBP 17,500,000 (was made) to Mr Ashley as per an agreement with the acquiring consortium”.
Staveley and PCP declined to comment when approached by The Athletic.
In November, The Athletic reported that Newcastle’s ownership were required to invest another £38.5 million into the club to cover daily costs. “There was an immediate requirement for cash, day one, for working capital and then for the transfer window,” Staveley later said.

On the £10 million loan, Ashley’s initial case claimed that, “PCP and the First Defendant (Staveley) were also unable to meet the advisory, legal, and other costs and commissions associated with PCP’s participation in the SPA (sales and purchase agreement). Therefore, and in order for the whole transaction to be able to proceed, the Claimant agreed to lend the First Defendant the funds required to pay PCP’s bill.”
“As the defence says, we incurred costs that were for the benefit of the whole consortium,” Staveley said four months ago. “Mike wanted very much a deal done very quickly and that meant we made a decision which meant he could close quickly. We took that burden on.”
Click to expand...
That raises some questions.
 
OOOSH YEAH said:
I thought we had left this type of harrowing and disgusting scenes behind in the 80s. These feared geordies have got the rest of the country living in fear.

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Its scenes like this make me not want to live in Newcastle anymore in case anyone walks backwards at me calling me a wanker while seemingly struggling to get over a knee height fence :eek:
Click to expand...
Singing match for gay teens.
 
OOOSH YEAH said:
I thought we had left this type of harrowing and disgusting scenes behind in the 80s. These feared geordies have got the rest of the country living in fear.

You must be logged on to see media items

Its scenes like this make me not want to live in Newcastle anymore in case anyone walks backwards at me calling me a wanker while seemingly struggling to get over a knee height fence :eek:
Click to expand...
Grown men :lol: :lol:
 
OOOSH YEAH said:
Just noticed this on Amazon Prime. Based upon Mark Menim? :confused: Book.

Presented by Steve Wraith it details how rock hard Newcastle fans began the hooliganism disease in the UK. Looks very nasty this mind.

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I’ve heard he’s dedicated this to the love of his life, Holly.
 
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How much money spent by Mags and us for zero trophies? :(
 
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