Tsunami Posted March 23, 2008 Share Posted March 23, 2008 Newcastle owner Mike Ashley has lost a reported £129m gambling on financial markets sparking fears he could be about to sell the club. So says the NOTW but also reported on the TV. It may be his money but playing the markets to the tune of 129Mill in a week of market turmoil may appear reckless to some. I don't accept this as a sign that he may sell the club but I'm sure KK would have liked to have had some of that money for summer transfers. The craic is he lost the money on HBOS (Halifax, Bank of Scotland). Link to post Share on other sites More sharing options...
Dr. Nguyen Van Falk Posted March 23, 2008 Share Posted March 23, 2008 It's buisness, he's taking the gambles. Some pay off and some don't. Link to post Share on other sites More sharing options...
Martin Lol Posted March 23, 2008 Share Posted March 23, 2008 Newcastle owner Mike Ashley has lost a reported £129m gambling on financial markets sparking fears he could be about to sell the club. So says the NOTW but also reported on the TV. It may be his money but playing the markets to the tune of 129Mill in a week of market turmoil may appear reckless to some. I don't accept this as a sign that he may sell the club but I'm sure KK would have liked to have had some of that money for summer transfers. The craic is he lost the money on HBOS (Halifax, Bank of Scotland). Not as much as Joe Lewis who lost £500m buying up shares in Bear Stern. That won't affect Spurs, Ashley's loss won't affect Newcastle either imo. They can both afford to take a hit. Link to post Share on other sites More sharing options...
madras Posted March 23, 2008 Share Posted March 23, 2008 Newcastle owner Mike Ashley has lost a reported £129m gambling on financial markets sparking fears he could be about to sell the club. So says the NOTW but also reported on the TV. It may be his money but playing the markets to the tune of 129Mill in a week of market turmoil may appear reckless to some. I don't accept this as a sign that he may sell the club but I'm sure KK would have liked to have had some of that money for summer transfers. The craic is he lost the money on HBOS (Halifax, Bank of Scotland). quite right,the bloke should just earmark his entire wealth for NUFC aswell,selling his huge house and living in a carvan at the least. Link to post Share on other sites More sharing options...
Guest Posted March 23, 2008 Share Posted March 23, 2008 Newcastle owner Mike Ashley has lost a reported £129m gambling on financial markets sparking fears he could be about to sell the club. So says the NOTW but also reported on the TV. It may be his money but playing the markets to the tune of 129Mill in a week of market turmoil may appear reckless to some. I don't accept this as a sign that he may sell the club but I'm sure KK would have liked to have had some of that money for summer transfers. The craic is he lost the money on HBOS (Halifax, Bank of Scotland). quite right,the bloke should just earmark his entire wealth for NUFC aswell,selling his huge house and living in a carvan at the least. Link to post Share on other sites More sharing options...
GM Posted March 23, 2008 Share Posted March 23, 2008 Newcastle owner Mike Ashley has lost a reported £129m gambling on financial markets sparking fears he could be about to sell the club. So says the NOTW but also reported on the TV. It may be his money but playing the markets to the tune of 129Mill in a week of market turmoil may appear reckless to some. I don't accept this as a sign that he may sell the club but I'm sure KK would have liked to have had some of that money for summer transfers. The craic is he lost the money on HBOS (Halifax, Bank of Scotland). quite right,the bloke should just earmark his entire wealth for NUFC aswell,selling his huge house and living in a carvan at the least. If he carries on the way he has reputedly been doing on the stock markets, it won't be long before that whole caravan deal happens for real... Link to post Share on other sites More sharing options...
Power NUFC Posted March 23, 2008 Share Posted March 23, 2008 well the stock is going to go up again and is not like he can't handle the temporary loss,.but what have NOTW against newcastle? I dont' live in the uk and i don't get why this paper is always writing this shit about us.have we done something against them or what? Link to post Share on other sites More sharing options...
GM Posted March 23, 2008 Share Posted March 23, 2008 well the stock is going to go up again and is not like he can't handle the temporary loss,.but what have NOTW against newcastle? I dont' live in the uk and i don't get why this paper is always writing this shit about us.have we done something against them or what? Aye. We're not in the South-East of England. Link to post Share on other sites More sharing options...
LoveItIfWeBeatU Posted March 23, 2008 Share Posted March 23, 2008 Mike Ashley would only have lost that money on shares if he sold them now. The shares will probably recover over the next few years. Anyway, £129m represents something like 10% of his personal wealth. Newcastle winning yesterday has kicked up a hornets nest of negative stories in the media today: - Newcastle striker Obafemi Martins is on the verge of handing in a transfer request if things don't improve at the club over the summer. (News of the World) Newcastle owner Mike Ashley has lost a reported £129m gambling on financial markets sparking fears he could be about to sell the club. (News of the World) Meanwhile Martin Jol has emerged as the leading contender to take over at Newcastle - if Kevin Keegan fails. (Sunday Mirror) Link to post Share on other sites More sharing options...
Guest smnewport Posted March 23, 2008 Share Posted March 23, 2008 He only loses the money if there is a margin call. Otherwise it's a paper loss. Markets are cyclical, what goes down will normally come back up (you know, a bit like Watford/Derby/Bolton/Mackems!!). Link to post Share on other sites More sharing options...
Guest mobiius Posted March 23, 2008 Share Posted March 23, 2008 The fact that the N O T W decided to put it on the back page along with our 1st win in ages proves they hunt for the negatives. I wonder what they would of wrote had he won the same amount or indeed if they would of mentioned it(probably a small mention hidden in the financial section).The only thing that suprises me is that reporter A.Dunn didn't write it. Link to post Share on other sites More sharing options...
Cronky Posted March 23, 2008 Share Posted March 23, 2008 Somebody is feeding the press with negative stories about Ashley. Scarcely a month goes by without some rumour emerging about him trying / needing to sell. Presumably it's someone with a grudge, but I can't think who that could be. Link to post Share on other sites More sharing options...
Mowen Posted March 23, 2008 Share Posted March 23, 2008 Somebody is feeding the press with negative stories about Ashley. Scarcely a month goes by without some rumour emerging about him trying / needing to sell. Presumably it's someone with a grudge, but I can't think who that could be. It'll be Jamie Redknapp. Did you see how Louise managed to get £100k out of him just like that? Blatantly knobbing. Link to post Share on other sites More sharing options...
Robster Posted March 23, 2008 Share Posted March 23, 2008 In funnier NOTW news though, Paul Jewell has been caught on video humping some bird Link to post Share on other sites More sharing options...
Guest neesy111 Posted March 23, 2008 Share Posted March 23, 2008 i have to say some of our fan's will believe anything thats printed, the NOTW is a made up paper Link to post Share on other sites More sharing options...
Wullie Posted March 23, 2008 Share Posted March 23, 2008 Did I read somewhere that the Man City chairman is a horrific human rights abuser? Oh no I didn't, obviously not important enough to make the rags. Mike Ashley's lost some money though. CRISIS IN TOON!!! Fuck off. Link to post Share on other sites More sharing options...
GM Posted March 23, 2008 Share Posted March 23, 2008 Did I read somewhere that the Man City chairman is a horrific human rights abuser? Oh no I didn't, obviously not important enough to make the rags. Mike Ashley's lost some money though. CRISIS IN TOON!!! Fuck off. Good man, Wullie. Sock it to them. Link to post Share on other sites More sharing options...
Liam Liam Liam O Posted March 23, 2008 Share Posted March 23, 2008 i have to say some of our fan's will believe anything thats printed, the NOTW is a made up paper comic Link to post Share on other sites More sharing options...
Liam Liam Liam O Posted March 23, 2008 Share Posted March 23, 2008 Did I read somewhere that the Man City chairman is a horrific human rights abuser? Oh no I didn't, obviously not important enough to make the rags. Mike Ashley's lost some money though. CRISIS IN TOON!!! Fuck off. You mean the man credited with bringing Elano & Petrov to English football? Link to post Share on other sites More sharing options...
Guest Spurs_from_Africa Posted March 23, 2008 Share Posted March 23, 2008 Why would losing 130 million quid force a billionaire/ multi billionaire ( not sure which) to sell a club that isn't exactly likely to have made him a profit in the few months he has owned the club? People like Ashley can afford to lose that sort of money, what crap reporting. Link to post Share on other sites More sharing options...
Tsunami Posted March 23, 2008 Share Posted March 23, 2008 We all expect the negative press, it is slightly concerning that we seem to have a bit of an impulsive owner & a manager who we all know to be impulsive. At some point they will clash. I wouldn't have thought that last week was the best to go looking to make a quick killing in shares but it may give a bit more of an insight into what makes Ashley tick. If he's looking for thrills n spills he's come to the right place. Link to post Share on other sites More sharing options...
GM Posted March 23, 2008 Share Posted March 23, 2008 We all expect the negative press, it is slightly concerning that we seem to have a bit of an impulsive owner & a manager who we all know to be impulsive. At some point they will clash. I wouldn't have thought that last week was the best to go looking to make a quick killing in shares but it may give a bit more of an insight into what makes Ashley tick. If he's looking for thrills n spills he's come to the right place. Aye, he's here so he can indulge in some short-selling... Link to post Share on other sites More sharing options...
1878 Posted March 23, 2008 Share Posted March 23, 2008 The HBOS shares should recover quite well. They only went down because some traders spread false rumours about their demise to make a packet out of the ensuing panic. Link to post Share on other sites More sharing options...
madras Posted March 23, 2008 Share Posted March 23, 2008 The HBOS shares should recover quite well. They only went down because some traders spread false rumours about their demise to make a packet out of the ensuing panic. he didn't have shares,it was spread betting Link to post Share on other sites More sharing options...
S.S.R. Posted March 23, 2008 Share Posted March 23, 2008 Nigel Pearson gave him a few stock market tips. Link to post Share on other sites More sharing options...
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