Raconteur Posted May 6, 2020 Share Posted May 6, 2020 It's true that Keegan and Ashley weren't at odds from the start - but that quote's from 2008 and in September of that year we signed Nacho Gonzalez and Xisco and it was all over. It didn't take long for Ashley to be the cunt he is Link to post Share on other sites More sharing options...
Guest Carrick18 Posted May 6, 2020 Share Posted May 6, 2020 The Luka Modric deal particularly stinks because it was the kind of deal the club supposedly wanted to make. For all the claims Keegan wanted Schweinsteiger and a list of ambitious targets, Modric was gettable, clearly very talented, and with potential to make the club a lot of money. I'm not averse to the idea of selling to buy or flipping players, Ajax and Dortmund do it enough. Where I've always fallen down with Ashley is that the plan is always ill-conceived and poorly applied. To his credit, Keegan saw through him like he was made of glass. One thing I've always appreciated about Keegan is his ability to convey the identity of this region. He very often borders on poetic, and it's the little details (waiting until the team was home to discuss Alan Shearer's signing, for example), that make him one of my all-time favourites. Link to post Share on other sites More sharing options...
Paully Posted May 6, 2020 Share Posted May 6, 2020 "This club had £100million-worth of debt which has now been cleared and it would be foolish to stretch it beyond its limits. I HATE this quote! I am right in saying that the most of the debt Ashley inherited was in relation to the level seven expansion, aren't I?! It was secured against 40K season ticket sales up until 2015 but needed to be paid within 30 days IF a sale of the Club went through! Link to post Share on other sites More sharing options...
NG32 Posted May 6, 2020 Share Posted May 6, 2020 "This club had £100million-worth of debt which has now been cleared and it would be foolish to stretch it beyond its limits. I HATE this quote! I am right in saying that the most of the debt Ashley inherited was in relation to the level seven expansion, aren't I?! It was secured against 40K season ticket sales up until 2015 but needed to be paid within 30 days IF a sale of the Club went through! Thats right, the loan was secured against the stadium expansion and extra ST sales. Iirc that loan had to be paid up in full when the club was sold which is why Ashley had to fork out the extra money. This should have been highlighted in due diligence for Ashley to consider. If due diligence was ever carried out in full of course. Why Ashley couldn't remortgage I dunno and why he refused to use the overdraft facility Barclays said he could have I dont know either, he basically strangled NUFC of cash flow. Link to post Share on other sites More sharing options...
Paully Posted May 6, 2020 Share Posted May 6, 2020 "This club had £100million-worth of debt which has now been cleared and it would be foolish to stretch it beyond its limits. I HATE this quote! I am right in saying that the most of the debt Ashley inherited was in relation to the level seven expansion, aren't I?! It was secured against 40K season ticket sales up until 2015 but needed to be paid within 30 days IF a sale of the Club went through! Thats right, the loan was secured against the stadium expansion and extra ST sales. Iirc that loan had to be paid up in full when the club was sold which is why Ashley had to fork out the extra money. This should have been highlighted in due diligence for Ashley to consider. If due diligence was ever carried out in full of course. Why Ashley couldn't remortgage I dunno and why he refused to use the overdraft facility Barclays said he could have I dont know either, he basically strangled NUFC of cash flow. Cheers mate! That £100m figure is used by all of the media and those lot down the road to declare how Ashley saved us as we were going to do a Leeds etc - utter shite! Link to post Share on other sites More sharing options...
NG32 Posted May 6, 2020 Share Posted May 6, 2020 "This club had £100million-worth of debt which has now been cleared and it would be foolish to stretch it beyond its limits. I HATE this quote! I am right in saying that the most of the debt Ashley inherited was in relation to the level seven expansion, aren't I?! It was secured against 40K season ticket sales up until 2015 but needed to be paid within 30 days IF a sale of the Club went through! Thats right, the loan was secured against the stadium expansion and extra ST sales. Iirc that loan had to be paid up in full when the club was sold which is why Ashley had to fork out the extra money. This should have been highlighted in due diligence for Ashley to consider. If due diligence was ever carried out in full of course. Why Ashley couldn't remortgage I dunno and why he refused to use the overdraft facility Barclays said he could have I dont know either, he basically strangled NUFC of cash flow. Cheers mate! That £100m figure is used by all of the media and those lot down the road to declare how Ashley saved us as we were going to do a Leeds etc - utter shite! Yeah we got bashed over the head by it a few times, they totally ignored that the extra ST money was paying this off with mortgage payments, Ashley also refusing the Barclays overdraft facility seemed very odd as well. I suppose he had a business model that he worked to but for a football club it basically strangled finances, even with the extra TV revenue. Remember he was also happy to sell players to other clubs with payments stretched over a few seasons but for NUFC he insisted that any new players had to be bought out right in one payment. Link to post Share on other sites More sharing options...
Paully Posted May 14, 2020 Share Posted May 14, 2020 Link to post Share on other sites More sharing options...
Guest reefatoon Posted May 14, 2020 Share Posted May 14, 2020 That's quality. Was a big fan of McCreery too Link to post Share on other sites More sharing options...
frankpingel Posted May 14, 2020 Share Posted May 14, 2020 Aye Mccreery was decent and appeared like a good character from what I recall. Link to post Share on other sites More sharing options...
Paully Posted May 17, 2020 Share Posted May 17, 2020 Link to post Share on other sites More sharing options...
Pandamninator Posted May 17, 2020 Share Posted May 17, 2020 "This club had £100million-worth of debt which has now been cleared and it would be foolish to stretch it beyond its limits. I HATE this quote! I am right in saying that the most of the debt Ashley inherited was in relation to the level seven expansion, aren't I?! It was secured against 40K season ticket sales up until 2015 but needed to be paid within 30 days IF a sale of the Club went through! Thats right, the loan was secured against the stadium expansion and extra ST sales. Iirc that loan had to be paid up in full when the club was sold which is why Ashley had to fork out the extra money. This should have been highlighted in due diligence for Ashley to consider. If due diligence was ever carried out in full of course. Why Ashley couldn't remortgage I dunno and why he refused to use the overdraft facility Barclays said he could have I dont know either, he basically strangled NUFC of cash flow. Cheers mate! That £100m figure is used by all of the media and those lot down the road to declare how Ashley saved us as we were going to do a Leeds etc - utter shite! Yeah we got bashed over the head by it a few times, they totally ignored that the extra ST money was paying this off with mortgage payments, Ashley also refusing the Barclays overdraft facility seemed very odd as well. I suppose he had a business model that he worked to but for a football club it basically strangled finances, even with the extra TV revenue. Remember he was also happy to sell players to other clubs with payments stretched over a few seasons but for NUFC he insisted that any new players had to be bought out right in one payment. Guessing the Fat Mans logic is by he is able to charge a premium (as well as interest as Derek bragged about when talking about Liverpool being later for a Carroll payment) by selling a player and being paid over time. On the flip side he will be demanding a discount when he buys a player for paying cash up front. Link to post Share on other sites More sharing options...
Kanji Posted May 17, 2020 Share Posted May 17, 2020 His management of cash flow makes abs 0 sense when we accepted fees on sales over multiple years but paid everything outward up front. Link to post Share on other sites More sharing options...
Mikky Posted May 29, 2020 Share Posted May 29, 2020 https://www.facebook.com/TheMagpieChannel/videos/309758583348595/ KK I could listen to the bloke all day - nobody will ever compare to him (for the time being) Link to post Share on other sites More sharing options...
t00nraider Posted May 29, 2020 Share Posted May 29, 2020 His management of cash flow makes abs 0 sense when we accepted fees on sales over multiple years but paid everything outward up front. It does a little. Those clubs desperate for money willing to pay less if money up front and those willing to pay more, but unable, over a longer period of time It sounds good, but obviously paying more for a player to help keep us up or finish higher pays the difference off and more. Link to post Share on other sites More sharing options...
Guest chopey Posted May 29, 2020 Share Posted May 29, 2020 What the holy Fuck, its also a book, why am I just finding this now ? Link to post Share on other sites More sharing options...
NEEJ Posted May 29, 2020 Share Posted May 29, 2020 he's been crowdfunding it for ages. Link to post Share on other sites More sharing options...
Paully Posted July 16, 2020 Share Posted July 16, 2020 Link to post Share on other sites More sharing options...
joeyt Posted July 16, 2020 Share Posted July 16, 2020 Just watched that, class Link to post Share on other sites More sharing options...
LFEE Posted July 16, 2020 Share Posted July 16, 2020 Never tire of listening to KK. Feel for those who missed that period and only know of the last 13 years. Link to post Share on other sites More sharing options...
wormy Posted July 16, 2020 Share Posted July 16, 2020 That emotion. If/when a takeover finally happens this man needs to become a face of the club again. Link to post Share on other sites More sharing options...
NG32 Posted July 16, 2020 Share Posted July 16, 2020 Sky Sports were playing the Liverpool v Newcastle epic 4-3 game a few days ago, found myself fully pulled into and all the emotions back in the day came flooding back. That game was played at some pace from start to finish. Link to post Share on other sites More sharing options...
Superior Acuña Posted July 16, 2020 Share Posted July 16, 2020 Keegan would've become mayor if we were in America. Link to post Share on other sites More sharing options...
frankpingel Posted July 16, 2020 Share Posted July 16, 2020 Keegan would've become mayor if we were in America. Doesn't even have statue never mind a stand named in his honour. Very sad and I would suggest embarrassing given all he did for us. Link to post Share on other sites More sharing options...
Paully Posted August 19, 2020 Share Posted August 19, 2020 It anyone needs cheered up (or made to feel worse!) about the current NUFC then read this! Link to post Share on other sites More sharing options...
Guest neesy111 Posted August 19, 2020 Share Posted August 19, 2020 :'( Link to post Share on other sites More sharing options...
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