Mick

He's clearly not as daft as some people think.

We had the same speculate to accumulate model post Robson.

He spent less than £6 million per year net.

The thing is, Sir Bobby probably cost us nothing or very little considering how much he spent and the improvement he made and the cash which that brought to the club.

You forget, I've seen you. Edit, I'm as slow as LLO, I read that wrong.

You're quick.

I said I would be surprised, I was also surprised to see people standing ouside NR for hours to take money out in a panic. I was surprised when Woolworths and Land of Leather closed down.

The Liverpool debt is £350 million. I would be surprised if they do go out of business but I can see them being screwed even further financially, they currently pay £30 million to service the debt.

Liverpool is under threat of that exact scenario.

We either cost cut or borrow more from him, as it stands we spend more than we bring in.

The Chronicle said that they couldn't get interviews until the transfer window closes.

Good luck with that one Indi.

http://www.newcastle-online.org/nufcforum/index.php/topic,57178.msg1578185.html#msg1578185

Yes he could put us into administration although that is almost certainly not going to happen. As for the point of the loan, if we sort ourselves out financially then he can start taking his money back.

I haven't heard of any Chairman ever taking up office at the training ground so if Llambias has missed a trick then he's in good company. The communication from within the club has been shite and must change once the window closes.

We've never had a Chairman (or MD) in the past go to the training ground to speed up transfers, I can't see how this will make any difference.

I can see most of what you're saying but Kinnear didn't have to get Llambias to travel to Newcastle, he moved him from St James' to the training ground.

He doesn't have to change the terms of the loan to start taking interest, it's a part of the loan agreement.

I would think if it's true then he's requested it as the original crime doesn't usually end up in Crown Court.

You're confusing me with somebody else.

The timing has nothing to do with Ashley, the accounts have to be completed and handed in to a deadline and Companies House are the ones who have published them. As for what has been said, things have changed over a period of time, the global recession didn't begin with the publication of our accounts, it's been ongoing for a long time, it's just that the effects are becoming more evident as time goes on.

Have you got a link to this info?

He had an estimated wealth of around £1.9 billion when he bought the club, the latest figures have him as being down to £800 million and £240 million of that is tied up in our club. He also owns 72% of Sports Direct International so he's got hundreds of millions tied up with them. That is the reality of the current situation, and nobody who can afford the football club wanted to buy the club when he tried to sell it.

You've probably missed the thread regarding the clubs latest accounts where Ernst & Young added the following: At 30th June 2008 the Group had net liabilities of £36.3m, which includes loans from Mr M J W Ashley totalling £100m. Net liabilities were £22.6m. Subsequent to the year and the ultimate controlling party, Mr M J W Ashley, has provided additional funding of £10m. This funding, together with newly agreed bank facilities, has been incorporated into the Directors' cash flow forecast for the Group. These forecasts indicate that the Group can continue to meet its debts as they fall due for a period of at least 12 months from the date of approval of these financial statements. The Directors have also received a commitment from its parent undertaking. St James Holdings Limited and from ultimate controlling party Mr M J W Ashley that they will continue to provide the Group with financial support so that it can meet its debts as they fall due for a period of at least 12 months from the date of approval of these financial statements or up until the date of any change in control. On this basis, the Directors have prepared the financial statements on a going concern basis. Basically, without the money Ashley has put in and has promised to carry on doing so, we would be out of business as you can't trade while insolvent.