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Everything posted by Unbelievable
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This! *look look, we kept him despite massive offers" Completely this. Don't know, I could see them just selling him and not getting a replacement. Clear as day they don't give a f***. No idea why it's being dismissed out of hand like. Not like we don't have previous in this particular area.
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The worse will happen, like a car crash in slow motion this club
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Just think of all the profit
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I will keep my user name and avatar as a reminder of happier days. Gosh, aren't my favourite team and country crap these days. Talking of which, Oranje will have to beat France in Paris tonight to have any kind of chance of making it to next year's World Cup
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Did he bang your missus or something? I just don't rate him and think he's always had a reputation he's not deserved. His reputation was based on his early promise. Shame how it's turned out, for him and us. Still sad to see him go; one of my few fond NUFC memories was Palermo and seeing him break into the team and live the dream.
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Unbelievable! I'll be leaving to a Brighton forum along with him. Catch you later fella's, enjoy the season
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Good for him. Hope it happens. Last year of his contract isn't it, so could turn into a permanent deal if he proves himself?
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Who's Colin Millar?
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Can't be real, surely? So Rafa couldn't do anything until we're rid of the deadwood, and now we don't want rid of it? This club
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Oh dear. They want a fee, that's us done
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Colleague over here who is a Besiktas fan just told me we've apparently offered 12.5m Euros and it looks like the deal is on. He doesn't want to lose him, as they have to publish their CL squad tomorrow and he doesn't think there is enough time to find a replacement. Mid twenties and scored 20 goas for them last season apparently. Gayle replacement? What's his play style like? That's a key question. No idea
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Just done a bit of Dennis Wise scouting and seen a goal that Tosun fella scored in last year's CL. Sign him up I'd say. Colleague says our bid is in Turkish press and we're currently outbidding WBA and Palace. Thread worthy?
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Colleague over here who is a Besiktas fan just told me we've apparently offered 12.5m Euros and it looks like the deal is on. He doesn't want to lose him, as they have to publish their CL squad tomorrow and he doesn't think there is enough time to find a replacement. Mid twenties and scored 20 goas for them last season apparently. Gayle replacement?
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We're selling our best striker!? Lot of pressure to bring in a better replacement before the window closes. What could possibly go wrong?
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Please explain what is loan from club owner and why it has increased to 129m term loan + 33m further loan = 164m as per latest account A loan is money owed (to Ashley), which needs to be paid back at some stage and is interest bearing (we pay for it in free advertising). It is not the same as putting money in and expecting nothing in return. The debt was 70m when he bought us (mainly related to late 90's stadium extension as a 57m mortgage which had to be repaid in the event of a change in ownership). He then added 29m to pay off existing player transfer fees that were spread out in one go, another 29m as the cost of the first relegation (his mistake) and another 33m after the second relegation (again his mistake). He also profits from this loan fiscally as he offsets it in his holding company, hence paying less tax over his profits. So in short: no, a loan is entirely different to putting his own money in (as most other club owners have done by the way). Give me examples that a normal club in EPL would have an income item called "owners donation". Most if not all owners have put money in or converted loan into equity (efffectively writing off the loan unlike how our clown claims to have done). It's not hard to find many examples using any search engine. Do some research.
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Thing is though - it doesn't really make sense from a business perspective. Lots of businesses have uneven income streams over the course of a year, but will still require funds to carry out day to day tasks which they will invariably need to borrow. Of course, but the ideal scenario is that you always have enough free cash to do whatever you want without having to borrow any more. We're seemingly trying to run that model at all times but the current context is completely unsuitable for it. This isn't meant to be patronising and apologies if I've misunderstood, but I'm not sure I know of many companies (if any) (including FTSE 100 companies) that won't borrow money. Debt isn't an issue - in many ways, with debt as cheap as it is, it's a sensible business decision. Especially in a market where the value of assets (players) is rapidly increasing. 90m today probably gets you more value than 100m in a year's time, and the difference won't even be anywhere newr that big considering current interest rates.
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Please explain what is loan from club owner and why it has increased to 129m term loan + 33m further loan = 164m as per latest account A loan is money owed (to Ashley), which needs to be paid back at some stage and is interest bearing (we pay for it in free advertising). It is not the same as putting money in and expecting nothing in return. The debt was 70m when he bought us (mainly related to late 90's stadium extension as a 57m mortgage which had to be repaid in the event of a change in ownership). He then added 29m to pay off existing player transfer fees that were spread out in one go, another 29m as the cost of the first relegation (his mistake) and another 33m after the second relegation (again his mistake). He also profits from this loan fiscally as he offsets it in his holding company, hence paying less tax over his profits. So in short: no, a loan is entirely different to putting his own money in (as most other club owners have done by the way).
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"I knew that the club would cost me money every year after I had bought it. I have backed the club with money. You can see that from the fact that Newcastle has the fifth highest wage bill in the Premier League. I was always prepared to bank roll Newcastle up to the tune of £20 million per year but no more. That was my bargain. I would make the club solvent. I would make it a going concern. I would pour up to £20 million a year into the club and not expect anything back." Not once has he put a penny of his own money in, not once, other than when he bought it and to add to the club's debt to pay for his own mistakes.
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This goes to the heart of the problem with our club, when the manager can't buy (within financial constraints) who they want, and has to make do with fourth, fifth or sixth down the list. We've hired a world class manager who isn't known for being flexible in terms of strategy. If we're not going to give him the tools he needs we might as well not have bothered with hiring him. When Rafa came in I was hopeful, not just because of his track record, but also because it signaled change might be on the way in terms of control over transfers and funds being made available. Unfortunately it seems Ashley and his minnions are too set in their ways. I can't see Rafa riding this one out. As soon as he gets an interesting opening elsewhere he will be on his bike, and who could blame him?
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Ajax manager in presser confirms he's spoken to De Jong informally, but that's it for now. Both sides thinking about what they want currently. But... "If it's up to is he will join soon. it will however not be easy to get him from England." Presume wages are the issue then, as expected