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The Mags and money...

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Pukka pad said:
Which is why i dont get it, the bloke is in the main hated and has been for years, he just doesnt see the opportunity in front of him at times , the top 6 have gone, forget that unless some ultra state buys us, but he could steady the ship with a quality striker, i for one think so far we have done reasonable BUSINESS so far but there you go sometimes its not enough.
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So if he knaas the top 6 has gone, even though ya bigger than Barca, why should he spend 100m to finish 7th?

Ye colossal Fookwit.......Commercial acumen of a Fookin domesticated Turkey....
 

Mallard said:
I dont get the obsession with breaking records for the sake of breaking records and the way. Infairness when you paid 17mil for Owen however long it was it was highly likely that 17mil would get you a good player (not in Owens case) now, well 17 mil wouldnt get you Mitro if reports are to be correct.
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I know you don’t get the obsession marra. Neither do I, or most right minded folk. But they aren’t right in the heed. They have to be the biggest and bestest at everything, ever, to make up for their shortcomings on the pitch, where they’ve won the square root of fuck all since Moses was in his basket.
 
Mary Hinge said:
So if he knaas the top 6 has gone, even though ya bigger than Barca, why should he spend 100m to finish 7th?

Ye colossal Fookwit.......Commercial acumen of a Fookin domesticated Turkey....
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Not being in the PL you wouldnt know.Stand still and it will get you, gone.

Im not one who is raging.i laugh quite a bit cos we could be worse marra
 
To be honest they are probably minted, I'd imagine Mike is just wary of letting Rafa waste more money on more mediocre players and who could blame him.
 
Cat 3 said:
Nufc had a £100m wage bill in their promotion year. Huddersfield had a £22m wage bill. Fans get obsessed with headline fees but the big cost is the wage bill.
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The last relegation sowed the seeds for the current situation. He gambled on them staying up while reducing the debt and lost. He then went 'shit or bust' to get them out of the championship and bought basically a new team to get them promoted.

They come up with a wage bill around 90% of turnover and still carrying the I.O.U.'s of a few hundred million to Ashley. It'll either take a massive cash injection from outside or a sale to sort this out in the short term. Even though he's a gambler I cant see anything changing his mind from 'reducing the debt by making a profit from minimal outlay' is the way forward. Especially given the financial trouble his investments are in.
 
rowley2 said:
Amazing man isn't it!?
Why is this notion routinely suggested?
The big stadium advertising money comes from actually naming the stadium itself, and that is not possible it seems, if the past is a guide. The perimiter advertising at pitch side carries other than SD promotions. The Shirts are not SD.
He has Sports Direct slapped all over the place on the stadium, and while they may be a startlingly grotesque sight, they would not be making much money if it were another name.
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No it does not. This only works for new grounds because they haven't got a 'sticky' name in the public mind. It's why you can rename an Ashburton Grove (remember that) the Emirates before it opens and it will stick. You can built a Reebok Stadium, Amex Stadium or Allianz Arenas. You can knock down a Calderon and build a Metropolitano Stadium, but it is next to impossible to get value sponsoring an existing stadium. It's been tried and failed. Have you heard anyone who isn't contractually obliged to called the Millennium Stadium the Principality lately?

You don't think SD haven't got £14m/season (Ashley's £140m) out of the coverage NUFC provides? When he took over, mid-table clubs were flogging touchline hoardings for £3,000 per minute, let alone now.
 
safc_grindon said:
See, this is it for me - I think you've hit the nail on the head. They think they're bigger/better than they are - but I just don't see how they can demand that if they're not even making money?
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Never underestimate the lunacy of the lesser striped morlock.
 
Cat 3 said:
Nufc had a £100m wage bill in their promotion year. Huddersfield had a £22m wage bill. Fans get obsessed with headline fees but the big cost is the wage bill.
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Essentially meaning huddersfield can afford to splash more cash than newcastle. What is it them.lot dont get about it?? Their club is spending exactly what they can.
 
JL1985 said:
Benitez has blown a fortune on players that he now can't shift because they're either poor, on huge wages or both.

They money the mags are generating are the players bought by previous managers Mbemba etc. Mitrovic was a McLaren signing I think, he'll be the one that gives Rafa more money to piss away on Spanish shite.
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Which ones can he not shift that he wants rid of like?
 
Are there any other prem teams cutting their cloth similarly?

Looks to me like Ashley is just protecting himself against relegation. It can happen to any one of 10-12 teams, and he’s done it twice, so hardly surprising he’s not buying 17m left backs from France like a couple of the other bottom half lot.

If they were selling their best players and not replacing them then they can cry about that fairly legitimately, but they’re not, it’s all crap that barely played.

If Huddersfield dropped after spending tens of millions, they’d be goosed. If that lot go down a third time spending nowt, they’d be in a hole, but nowhere near what other teams would.

He’s running a yo-yo club accordingly, IMO.
 
Zak's Dad said:
The last relegation sowed the seeds for the current situation. He gambled on them staying up while reducing the debt and lost. He then went 'shit or bust' to get them out of the championship and bought basically a new team to get them promoted.

They come up with a wage bill around 90% of turnover and still carrying the I.O.U.'s of a few hundred million to Ashley. It'll either take a massive cash injection from outside or a sale to sort this out in the short term. Even though he's a gambler I cant see anything changing his mind from 'reducing the debt by making a profit from minimal outlay' is the way forward. Especially given the financial trouble his investments are in.
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There has only ever been one payment made on reducing the debt of £12m 6 or 7 years ago. I believe it was after the Carroll sale. He hasn't taken any other payment on it, and has since then increased it.
Before he arrived the debt was £75m. Now it's around £140m.
All revenue streams have went down under Ashley, the only income that has increased in the 11 years since he's been here is television revenue, which has no part in.

Following relegation in 2009, Barclays took ownership of the ground and training facilities as collateral on the debt owed to them by NUFC, then issued a mortgage on them. A few months later, Ashley paid the mortgage off to regain ownership and settled the debt with the bank, hence the debt doubling after a drop in PL income for one season.
The interest on Ashley's loan is estimated to be £8m per year.
The advertising space in SJP is estimated to be worth £8m per year.
Ashley doesn't charge interest but takes all the advertising space to benefit his other companies, with the PL being shown in 200 countries around the world, Sports Direct enjoys a lot of exposure globally every fortnight, and at least 6 times a season when the big boys come to play here.

It's a marriage of convenience for Ashley and having that debt puts off any buyers unless they come up with a huge offer.
The club is costing him nothing other than a load of abuse.
 
Dilligaf60 said:
I know you don’t get the obsession marra. Neither do I, or most right minded folk. But they aren’t right in the heed. They have to be the biggest and bestest at everything, ever, to make up for their shortcomings on the pitch, where they’ve won the square root of fuck all since Moses was in his basket.
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If you had to choose a club will small man syndrome Newcastle wins that hands down.

Only thing that they can win mind :lol:
 
Brian Griffin said:
No Mag has come on here and told us which players they could realistically sign who would be better than what they currently have.

@Sima @Pukka pad
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Fuck knows im not a football manager or finance expert.ive already stated the business we have done isnt too bad, im pretty much sure we are skint for some reason.

I know we need someone to get goals/bit of quality up front and cover for a left back...thats Rafas job to work with what he has, he did it very very well last season.
 
Lewberry pie said:
Are you suggesting that Mike Ashley is deliberately limiting your income?
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Think its more that he runs it poorly/doesn't care to try and improve it. Attendances were dropping and goodwill had evaporated before Benitez came along.
The shirts under Puma have been mainly rubbish and not sold well either, the quality is noticeably poorer than the adidas ones and there's been some horrendous designs, although they've improved the last 2 or 3 seasons, if you have crap kits fans don't buy them so its more money lost.
 
What A Waster said:
There has only ever been one payment made on reducing the debt of £12m 6 or 7 years ago. I believe it was after the Carroll sale. He hasn't taken any other payment on it, and has since then increased it.
Before he arrived the debt was £75m. Now it's around £140m.
All revenue streams have went down under Ashley, the only income that has increased in the 11 years since he's been here is television revenue, which has no part in.

Following relegation in 2009, Barclays took ownership of the ground and training facilities as collateral on the debt owed to them by NUFC, then issued a mortgage on them. A few months later, Ashley paid the mortgage off to regain ownership and settled the debt with the bank, hence the debt doubling after a drop in PL income for one season.
The interest on Ashley's loan is estimated to be £8m per year.
The advertising space in SJP is estimated to be worth £8m per year.
Ashley doesn't charge interest but takes all the advertising space to benefit his other companies, with the PL being shown in 200 countries around the world, Sports Direct enjoys a lot of exposure globally every fortnight, and at least 6 times a season when the big boys come to play here.

It's a marriage of convenience for Ashley and having that debt puts off any buyers unless they come up with a huge offer.
The club is costing him nothing other than a load of abuse.
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Christ it's worse than I thought. I haven't really taken notice unless people at work told me stuff. Your situation sounds as poisonous as ours was. God knows where we'd be if the £120 million hadn't been wiped out.

Can't see anything changing MA's "business plan".
 
Zak's Dad said:
The last relegation sowed the seeds for the current situation. He gambled on them staying up while reducing the debt and lost. He then went 'shit or bust' to get them out of the championship and bought basically a new team to get them promoted.

They come up with a wage bill around 90% of turnover and still carrying the I.O.U.'s of a few hundred million to Ashley. It'll either take a massive cash injection from outside or a sale to sort this out in the short term. Even though he's a gambler I cant see anything changing his mind from 'reducing the debt by making a profit from minimal outlay' is the way forward. Especially given the financial trouble his investments are in.
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The problem of a cash injection from him or new owners is what is the return? to break into the Champions League places they need to spend maybe £500 -£700 m. Why would you do that to finish 7th which may get you an extra £5 to £10m a year. You buy a £350m asset spend £500m on it and you maybe have a £500m asset - just does not make sense.

The unpaletable facts for nufc. Once spurs and chelsea finish their stadiums nufc will get the 8th biggest crowds who will be paying less per head. Nufc is in a place footballers are not keen to come to. The corporate sponsors pay less. The brand is not internationally appealing relatively speaking.

NUFC ARE NOT CHAMPIONS LEAGUE CLUB. Just like Man City a £1bn investment could sort that - but the same could be said for many clubs including Us, Villa, Leeds etc.

Football has moved on sadly. 6 teams are competing for the Champions League and 14 are competing for 7th (Ellis short understood this even if he understood little else). The problem with 7th to 20th the clubs are pretty fungible. A few injuries a bad start its a relegation fight. A good start and a hot striker and its the Europa League.
 
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