kirkwdavis2001

Yep, I'd reckon the land there is going to be half of that £500m which realistically would only be £350 anyway!

Oh well, at least we can concentrate on the league now. Oh fuck, we can't, we're second bottom of that and getting beat by the team at the bottom!

Mr. Ashley was once a "whistleblower" as it were, relating to a price fixing affair with Mr Whelan's JJB - hmmm I wonder if this is why he is opening his big un-welcome mouth? http://findarticles.com/p/articles/mi_qn4158/is_20041002/ai_n12815418

Ltd. companies accounts are available via companies house, but much more abridged and the AGM reports are not any longer required to be published as they are with PLC's.

Excellent someone is joining while using facts rather than just "nah nah nah" The problem with removing amortisation and player trading is that the club need to invets in players, and that cost will never go away. The club need to have players, and will need to buy some of them to actually allow their business to run. It would be like XL pointing to how well their business is run while asking us to ignore the cost of planes. Their fuel bill being the equivalent of NUFC's wage bill. For the last three years the net amount the club paid on players was between £10 and £11m. That was the figure that Shepherd felt the business could, or had, to run at. At the same time the amortisation was running at roughly £16m per year. This was higher players are sodl before the end of their contracts to try and rescue some cash before they are sold off. The stadium debt which hit Ashley by surprise came to £45m, which had been costing the club £6.2m per year under the Hall ownership. That he didn't know was very poor. The other loans taken out by Shepherd, not as part of the stadium expansion were £13.1m borrowed form Northern Rock at 8.55%, to be completely paid off by July 2010 (this was the sponsorship money), paid off by Ashley £4.5m loan taken out in 2002 guaranteed against the training ground. This was at 2.25% over the base rate, and had £1.8m left to be paid off when Ashley took over. £8m loan taken out in August 2007, under Ashley , this one is interesting for anyone who can be bothered. It was used to take the Sky money early, rather than having to wait until they gave at the season end. The interest on this loan was at 11.7% !! £4m loan taken out in 2007 at 8.8% interest, paid off by Ashley £2.4m worth of loans taken out to buy "assets", to be paid off by August 2009. £1.5m interest free loan, linked to a "commercial agreement". There is no explanation of who or what thsi was about, but a similar deal was in place in the 1990s when S&N lent the club money at no interest whiel they had the pouring rights at teh ground. The land owed around the ground is included in the assets of the club. It isn't clear how much for exactly. The land IS an asset if you plan to do something with it, otherwise it is just land. Overall the club has liabilities of £16m rather than assets, as it actually owes more than the value of the ground and all the players put together. So the spare land is actually helping to make the figures look good at £16m !! The other issue aroudn the land is that to build on it would require to borrow money first. The size of the debt meant there was nothing left to borrow against. The ground, the training ground, the pouring rights, the future Sky money had already been used as back up. By the end the interest rates being charged were nearly 12%, even the banks knew how risky a lend it was and charged more. I wasn't sure getting the sponsorship money up front was a bad thing. The club was in such a desperate position they had to spend to avoid going down. What I hadn't realised until the last set of accounts form Shepherd was that the money was borrowed from Northern Rock. So on the surface it seemed we were getting money every yera from NR, and really we had got £13.1m loan and were paying them £2.5m a year I have a record of all the club accounts, if you want a copy then let me know. All I want is the information to be out there, so that some of us can ask questions I've also seen similar figures from the accounts I used to be sent as a shareholder (before Ashley bought out). I am also in agreement that the accounts since are in the public domain via companies house as are the accounts of any other limited company in this country. You can't argue with the facts.

why does anyone even remotely believe this shite from people on SSN or "sources close to the club" or whoever the fuck is peddling the bollocks from London this week?

<TIN HAT ON> They are talking about it on TalkSport @ the moment and it is a good point, he has brought in some good players and quietly got on with the job he was brought in to do. So, what is everyones problem with him? </TIN HAT OFF>

agree totally with this; Ashley has been made a scapegoat to be honest.

Phil Brown

I agree, and that's what the majority of fans are doing. United in protest against a regime that has seen our best manager in memory forced out due to lack of control. ...and to what? does anyone have the 0.25 billiion needed to buy the club? and the 0.5 billion per year to spend on the players we all want? it's farcical, it really is!

and we know that the BBC has always been impartial Mate, at this time we need to all stick together and be UNITED.

...and what did it want? we have a club with no manager and an owner who doesn't want the club anymore, nice one. We're fucking rocking we are

From SSN yes? No I was there, cringing at the fookers trying to get onto SSN!

yes, hence "every protest outside looked like little f***ing clueless kids to me"

every protest outside looked like little fucking clueless kids to me, I may be wrong but shoes off if you hate Ashley? hmm nice, mature protest it was not!

Not where I was stood. Fact! and you are 16 yeah?

the protesters were mainly fucking areshole kids - fact!

its sad, very sad, to be honest I am gutted, I love the bloke I really do - he's helped Newcastle United Football Club to the extent that the fucking mongs at this club do not know, ok he should have done more to keep KK but he should not be hung for that, especially his family. Thanks Mike, you saved us from bankrupcy, hopefully you will find us a rich befefactor now

I was decorating tonight when I heard the Keegan Ashley news; at least I have an excuse for stopping my decorating but fucking howay Keegan, my heart can only take so much. If I don't post anymore, please understand I am dead!!!

...as is newcastle united FC!!

typical Newcastle United! HOWAY THE LADS for tomorrow!

at the end of the day, if your the manager, you have to be left to manage, anything else is professional undermindment

They should be banned from travelling again; I mean FFS get a life, let people support the team how they see fit. Don't persecute people for not joining in with what you deem to be the required level of mayhem!

Did these kids have seats in the front row just to the side of the goal by any chance? A few seats back from the front row but yeah! i think the kids you were on about were on my bus. On the way back to the bus after the game one of them were stood at the side of the bus with a policeman so i dont know if he got kicked out or what. they should have done, were calling people wankers for not standing up when they were singing and giving out wanker signs here there and everywhere.

yep, they were th Did these kids have seats in the front row just to the side of the goal by any chance? A few seats back from the front row but yeah!