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Takeover News/Rumours

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He took absolutely none of it. It came into the club and went straight back onto wages and transfers from previous regimes. He then funded just about every signing we made from that point on.

The SBC loan was a ridiculous decision and left us completely hamstrung. No argument. I’m not saying he was a good owner. Never said that once. I don’t agree that he’s a coward though and I feel for him because his mistakes were just mistakes (unlike the current incumbents) which is what this conversation is about.

Ultimately he’s one of the worst owners in our history but he did his best to set it right. Unfortunately he couldn’t even get that right.
I'm not saying he took it personally. I'm saying it was there. In his cash flow. He had circa 60-100m a year guaranteed funds in in cash flow and still fucked it up. That means he had more than all of our previous owners combined to play with.
He took absolutely none of it. It came into the club and went straight back onto wages and transfers from previous regimes. He then funded just about every signing we made from that point on.

The SBC loan was a ridiculous decision and left us completely hamstrung. No argument. I’m not saying he was a good owner. Never said that once. I don’t agree that he’s a coward though and I feel for him because his mistakes were just mistakes (unlike the current incumbents) which is what this conversation is about.

Ultimately he’s one of the worst owners in our history but he did his best to set it right. Unfortunately he couldn’t even get that right.

Well your second post is absolute nonsense. We made considerable losses every year under drumaville.
Tell me how much Keane spent in year one. Then year 2 against Premier League revenue.
 

Irrespective of Short covering the debt that he put the club into by his gross mis-management - which we can say was the noble thing to do, he turned his back on the club when we needed his money and leadership most. When the excitement and gravy train had disappeared down the tunnel and into the championship, he shut up shop and locked the safe. The shutters come down and if not all his fault we are where we are I would say its 99% his fault. Everybody is seen for who they are when the chips are down, well he showed his true colours and love for the culub and supporters when the money train stopped. Its unforgivable how he treat us and if he was to show his face any where near the club again he should be hounded back up to Ponteland Airport and back on his private jet
Yes, indeed, Short was responsible for selling the club to Donald and Co. and, ultimately, that's his legacy to the supporters and on his account.
 
I'm not saying he took it personally. I'm saying it was there. In his cash flow. He had circa 60-100m a year guaranteed funds in in cash flow and still fucked it up. That means he had more than all of our previous owners combined to play with.

Tell me how much Keane spent in year one. Then year 2 against Premier League revenue.
Keane spent a fortune. £8m on Ferdinand, £6m on McCartney, £5m on Chopra, £6m on Jones, £9m on Gordon etc. Transfer market has it at £55m plus.

I’ve no idea what the premier league payments were back in 2008/09 but I know we posted huge losses year on year and I know that we ended up making a loss on more or less every one of those signings
 
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the team had no good players in the championship season, either shite,finished or couldnt give a toss.

January was a disgrace as even a small spend on a few decent players would probably have kept us up, surely it hit short harder with us going down again than spending 4 or 5m on olayers
 
Keane spent a fortune. £8m on Ferdinand, £6m on McCartney, £5m on Chopra, £6m o. Jones, £9m on Gordon etc. I’ve no idea what the premier league payments were back in 2008/09 but I know we posted huge losses year on year and I know that we ended up making a loss on more or less every one of those signings
In 98 against Charlton they were talking about it as the 60m game as that was the payment for finishing bottom. I would think when Keane was here it would've been a lot more. He spent less than he earned by being in the Premier League is what I mean.
How do you mean recieved?

He made a loss of over 150m.

We were making a loss of over 30m per season for some time that he was signing off whilst many were kicking off that we weren't spending more on transfers.

Managed it terribly but he gave the club a massive opportunity.
I mean 'came into the club'. If Short chose to spend more than his means then who's fault is that?
 
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He took absolutely none of it. It came into the club and went straight back onto wages and transfers from previous regimes. He then funded just about every signing we made from that point on.

The SBC loan was a ridiculous decision and left us completely hamstrung. No argument. I’m not saying he was a good owner. Never said that once. I don’t agree that he’s a coward though and I feel for him because his mistakes were just mistakes (unlike the current incumbents) which is what this conversation is about.

Ultimately he’s one of the worst owners in our history but he did his best to set it right. Unfortunately he couldn’t even get that right.

Well your second post is absolute nonsense. We made considerable losses every year under drumaville.

One of worst owners? I'm not sure how many of our owners had 10 years in top division and a cup final etc.
 
Keane spent a fortune. £8m on Ferdinand, £6m on McCartney, £5m on Chopra, £6m on Jones, £9m on Gordon etc. Transfer market has it at £55m plus.

I’ve no idea what the premier league payments were back in 2008/09 but I know we posted huge losses year on year and I know that we ended up making a loss on more or less every one of those signings
Managers will spend as much as they can generally speaking. It's the owners who sanction it.
 
In 98 against Charlton they were talking about it as the 60m game as that was the payment for finishing bottom. Its
I mean 'came into the club'.
So say it was £60m then. We spent that on transfers then had a wage bill of £50m plus. Hence the huge losses. Those players that were brought in weren’t good enough, we couldn’t shift them and they cost us year on year while short pumped in £20-£30m extra every year to offset it.

He is ultimately one of our worst ever owners but he did his best, his best just wasn’t good enough.I don’t put him in the same bracket as the current lot who are making decisions that only benefit them and clearly don’t benefit the club.
Managers will spend as much as they can generally speaking. It's the owners who sanction it.
Yep and that was drumaville not short
 
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One of worst owners? I'm not sure how many of our owners had 10 years in top division and a cup final etc.
cowie fucked up with aldridge, murray fucked up in 1990 and 2001 by not investing when we had a great chance, short gave it a go money wise, but just too many mistakes
 
cowie fucked up with aldridge, murray fucked up in 1990 and 2001 by not investing when we had a great chance, short gave it a go money wise, but just too many mistakes

His appointments at running the club was gross mismanagement, but someone who provided that many years in the prem and that much cash, I just can't being myself to dislike, in fact I'm grateful.

You could say he deserved to lose that amount of money for the way he has handled it but by the same token sd should be paying someone to take over from him. Very different intent in my opinion.
 
So say it was £60m then. We spent that on transfers then had a wage bill of £50m plus. Hence the huge losses. Those players that were brought in weren’t good enough, we couldn’t shift them and they cost us year on year while short pumped in £20-£30m every year.

He is ultimately one of our worst ever owners but he did his best, his best just wasn’t good enough.I don’t put him in the same bracket as the current lot who are making decisions that only benefit them and clearly don’t benefit the club.

Yep and that was drumaville not short
I half agree with you tbh. Did he do his best though? His absolute best? SBC loan. Maggie Byrne. Martin Bain. Literally leaving us to rot in the Championship while we dropped to League One for the want of a goalkeeper with hands. Taking our parachute payments. Leaving us with Donald? I get your point mate but I just find it a hard swallow.
 
Ultimately he left us in league one mate. I’ll defend his intentions but ultimately he left us in the lowest position we’d ever been up to that point and then sold us to the actual worst owners in our history. That overrides the good unfortunately

Aye they're fair points. I just feel wiping the debt ultimately tips the scales. I can't for certain say that's what I would have done had I owned an American football team for example.
 
Aye they're fair points. I just feel wiping the debt ultimately tips the scales. I can't for certain say that's what I would have done had I owned an American football team for example.
Yeah and that’s why I’m defending him. Writing off that amount of money isn’t to be sniffed at. It’s football so people see £150m and act as if it’s a tenner. It’s not. It’s a massive amount of money and there aren’t many people in the world who would do that. That’s why while I won’t defend his tenure, I will defend him when people call him a coward.
 
Aye they're fair points. I just feel wiping the debt ultimately tips the scales. I can't for certain say that's what I would have done had I owned an American football team for example.
Maybe you would if your entire business/fortune/reputation was based on taking over and rescuing distressed assets. It wouldn't look good for your cv/credibility to bankrupt a perfectly sustainable 140yo business. Maybe.
 
I half agree with you tbh. Did he do his best though? His absolute best? SBC loan. Maggie Byrne. Martin Bain. Literally leaving us to rot in the Championship while we dropped to League One for the want of a goalkeeper with hands. Taking our parachute payments. Leaving us with Donald? I get your point mate but I just find it a hard swallow.
It’s absolutely hard to swallow. The SBC loan is something in particular I can’t defend. I think he was badly advised and didn’t know enough about the sport. Quinn leaving fucked his reign really as we never really had someone who knew the sport and short flitted around from appointment to appointment trying to fix it. Each time he kept making it worse.

The championship season is a strange one. At the end of the day short doesn’t pick the players. The people who did sold man one and brought three others in. We had a squad at the start with mannone, Jones, kone, O’Shea, Oviedo, cattermole, ndong etc - mostly players who’d played at a higher level. No one thought we’d go down and a layman like him probably assumed that was enough to be competitive. He underestimated for sure but as recompense he gave the next owners a free slate. That relegation cost him £150m plus. Do you think that if he knew what would happen he wouldn’t have spent extra on another player rather than having to lose that amount of money.

It’s ineptitude certainly but not malice and he paid the price for it.
 
It’s absolutely hard to swallow. The SBC loan is something in particular I can’t defend. I think he was badly advised and didn’t know enough about the sport. Quinn leaving fucked his reign really as we never really had someone who knew the sport and short flitted around from appointment to appointment trying to fix it. Each time he kept making it worse.

The championship season is a strange one. At the end of the day short doesn’t pick the players. The people who did sold man one and brought three others in. We had a squad at the start with mannone, Jones, kone, O’Shea, Oviedo, cattermole, ndong etc - mostly players who’d played at a higher level. No one thought we’d go down and a layman like him probably assumed that was enough to be competitive. He underestimated for sure but as recompense he gave the next owners a free slate. That relegation cost him £150m plus. Do you think that if he knew what would happen he wouldn’t have spent extra on another player rather than having to lose that amount of money.

It’s ineptitude certainly but not malice and he paid the price for it.
I honestly can't decide on whether spending 1m in the championship was ineptitude or complete disinterest. I don't want to think malice but the fact that he got Bain in to cut everything to the bone and paid him a salary to match our transfer budget makes me wonder. I don't think malice but he was sick and turned the tap off...whatever the consequences. That's not the act of a true fan with the clubs best interests at heart.
 
If it wasn't for short, it's possible we could have gone bust/fell like a rock in 08 with the financial crash. Drumaville were out of money and none of the group other than short could take on the load.

Unfortunately he realised how hard it would be to sell a football club, especially one that never wrangled in its wage to turnover ratio and making huge losses every year. His ineptness at hiring people with knowledge of how to run a football club was our biggest harm, seemingly easily led.

Championship season pulling the ladder up was suicide, but there is still no excuse for how bad that season turned out. Same as Moyes season or Bruce's final transfer window, signing crap plodders on long term contracts with decent wages whilst offloading our better players
 
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