afar Posted July 10, 2008 Share Posted July 10, 2008 Mike Ashley does have the cash, but bought the club thinking the debt was far less than it was. Considering he spent £100million of his own money to clear the clubs debts, u would call it an expensive seat to sit in. Also if he was planning to spend the money on players rather than the clubs debt, we would be challenging this season, but because of his out lay on addressing the clubs debts he feels he would like an investor to share some of the financial burden for player transfers because he won't make any profit from the club. So are you saying that we should accept little to no investment in the playing staff because Ashley screwed up his due diligence process ? Link to post Share on other sites More sharing options...
Tsunami Posted July 10, 2008 Share Posted July 10, 2008 I'd like to know what Ashley is thinking of offering these sought after investors for their cash. It's a bit worrying when our Billionairre owner is looking for other people to start giving up their money for his club. What if they don't? Link to post Share on other sites More sharing options...
Syrette Posted July 10, 2008 Share Posted July 10, 2008 Mike Ashley does have the cash, but bought the club thinking the debt was far less than it was. Considering he spent £100million of his own money to clear the clubs debts, u would call it an expensive seat to sit in. Also if he was planning to spend the money on players rather than the clubs debt, we would be challenging this season, but because of his out lay on addressing the clubs debts he feels he would like an investor to share some of the financial burden for player transfers because he won't make any profit from the club. So are you saying that we should accept little to no investment in the playing staff because Ashley screwed up his due diligence process ? Because that is nailed on to happen isn't it. Link to post Share on other sites More sharing options...
Thespence Posted July 10, 2008 Share Posted July 10, 2008 Ashley's first Freddie Shepherd moment. I was thinking more Prince Phillip than Shep. Link to post Share on other sites More sharing options...
Thespence Posted July 10, 2008 Share Posted July 10, 2008 But, why would he speak to a L O C A L evening rag in London?? Compared to the Ronnie, the Standard is a major newspaper. It is major because it is London's major evening paper (giving it canny bit clout) but the Chron is one of best selling local evening newspapers & unlike some major cities it still has such a demand that "free lite" editions are not getting dished out which is the case in a lot of major UK cities. Link to post Share on other sites More sharing options...
LoveItIfWeBeatU Posted July 10, 2008 Share Posted July 10, 2008 Mike Ashley saying he is looking for investors would have been a lot less worrying if he'd said it some time after we had brought in the players we desperately need for the first team squad. Now everyone will be worrying about our spending until we get those players (if we do). Link to post Share on other sites More sharing options...
kirkwdavis2001 Posted July 10, 2008 Share Posted July 10, 2008 Am sure Freddy would like to get back involved. Assuming this isn't a joke, Freddy has no money - he made 30+ish million from his sale IIRC, that would buy two or three players! Link to post Share on other sites More sharing options...
manorpark Posted July 10, 2008 Share Posted July 10, 2008 I loathe the Evening Standard, it is just the Daily Mail in a different skin. However, London is one of 3 or 4 global megacities, and as such, a London newspaper can be every bit as important as a national newspaper. There's no point comparing it with the Chronicle or similar. Sanity at last. Having lived down there for many years, I know EXACTLY what their local rag is like. It is a local rag, and no matter which "locality" it serves (and you guys seem to think that makes a difference . . . ) it is still just that - a local rag. No, it is more than that - it is one of the worst (most boring) local rags I have seen anywhere. I know that it is fashionable on here to 'knock' the Evening Chronicle - but believe me (or don't!) but most local papers are FAR worse than the Chronicle. The Newcastle Evening Chronicle is a success. It is well liked (loved even) by many, and it serves a duel role as a Newcastle paper and as the only regional (Evening) paper for North Eastern England. (IE, it covers the entire region). It also sells a lot of copies (which would not happen if it was not liked). It is, as you say, indeed a direct contrast to the London Evening Standard. Link to post Share on other sites More sharing options...
kirkwdavis2001 Posted July 10, 2008 Share Posted July 10, 2008 Mike Ashley does have the cash, but bought the club thinking the debt was far less than it was. Considering he spent £100million of his own money to clear the clubs debts, u would call it an expensive seat to sit in. Also if he was planning to spend the money on players rather than the clubs debt, we would be challenging this season, but because of his out lay on addressing the clubs debts he feels he would like an investor to share some of the financial burden for player transfers because he won't make any profit from the club. Sense at last!!! You won't last long here my friend Link to post Share on other sites More sharing options...
UV Posted July 10, 2008 Share Posted July 10, 2008 Mike Ashley does have the cash, but bought the club thinking the debt was far less than it was. Considering he spent £100million of his own money to clear the clubs debts, u would call it an expensive seat to sit in. Also if he was planning to spend the money on players rather than the clubs debt, we would be challenging this season, but because of his out lay on addressing the clubs debts he feels he would like an investor to share some of the financial burden for player transfers because he won't make any profit from the club. Sense at last!!! You won't last long here my friend It's bollocks actually. Firstly, the debt was around £70m. Secondly, if it was more than he expected then we're talking around £10m or so more at most. Thirdly, if he couldn't afford to cover the debt himself, http://www.oceanfinance.co.uk Link to post Share on other sites More sharing options...
ChezGiven Posted July 10, 2008 Share Posted July 10, 2008 Ashley's first Freddie Shepherd moment. I was thinking more Prince Phillip than Shep. Apparently Freddy needed investors too. Link to post Share on other sites More sharing options...
Parky Posted July 10, 2008 Share Posted July 10, 2008 I loathe the Evening Standard, it is just the Daily Mail in a different skin. However, London is one of 3 or 4 global megacities, and as such, a London newspaper can be every bit as important as a national newspaper. There's no point comparing it with the Chronicle or similar. Sanity at last. Having lived down there for many years, I know EXACTLY what their local rag is like. It is a local rag, and no matter which "locality" it serves (and you guys seem to think that makes a difference . . . ) it is still just that - a local rag. No, it is more than that - it is one of the worst (most boring) local rags I have seen anywhere. I know that it is fashionable on here to 'knock' the Evening Chronicle - but believe me (or don't!) but most local papers are FAR worse than the Chronicle. The Newcastle Evening Chronicle is a success. It is well liked (loved even) by many, and it serves a duel role as a Newcastle paper and as the only regional (Evening) paper for North Eastern England. (IE, it covers the entire region). It also sells a lot of copies (which would not happen if it was not liked). It is, as you say, indeed a direct contrast to the London Evening Standard. Gosh your blowing our minds with you local London knowledge. Link to post Share on other sites More sharing options...
ChezGiven Posted July 10, 2008 Share Posted July 10, 2008 I loathe the Evening Standard, it is just the Daily Mail in a different skin. However, London is one of 3 or 4 global megacities, and as such, a London newspaper can be every bit as important as a national newspaper. There's no point comparing it with the Chronicle or similar. Sanity at last. Having lived down there for many years, I know EXACTLY what their local rag is like. It is a local rag, and no matter which "locality" it serves (and you guys seem to think that makes a difference . . . ) it is still just that - a local rag. No, it is more than that - it is one of the worst (most boring) local rags I have seen anywhere. I know that it is fashionable on here to 'knock' the Evening Chronicle - but believe me (or don't!) but most local papers are FAR worse than the Chronicle. The Newcastle Evening Chronicle is a success. It is well liked (loved even) by many, and it serves a duel role as a Newcastle paper and as the only regional (Evening) paper for North Eastern England. (IE, it covers the entire region). It also sells a lot of copies (which would not happen if it was not liked). It is, as you say, indeed a direct contrast to the London Evening Standard. Gosh your blowing our minds with you local London knowledge. Its the Daily Mail Groups agenda anyway. Link to post Share on other sites More sharing options...
Guest sicko2ndbest Posted July 10, 2008 Share Posted July 10, 2008 more in depth in the times Hates spurs Mike Ashley wants to share financial loadKaveh Solhekol, Steve Hawkes Mike Ashley, the Newcastle United chairman, has laughed off claims that he is ready to sell the club to the Saudi Binladin Group, which is headed by Bakr bin Laden, the half-brother of Osama bin Laden, the al-Qaeda leader. He did admit, though, that he cannot afford to bring the good times back to the club on his own. “I'm not looking for a Newcastle shareholder in a cave in Afghanistan,” Ashley said. “It's not as if I'm going to go and see Bin [Laden] in a cave in Afghanistan. No doubt when I'm in South America next week, it will be Fidel Castro.” The Saudi Binladin Group, a construction company based in the Middle East, was said last week to be preparing a £300 million offer for the club. InterMedia Partners equity fund, based in Manhattan, New York, was also said to have been sounded out regarding its willingness to buy out Ashley. “There is absolutely no truth in the rumours of an outright sale,” Ashley said yesterday. Despite being the 54th-richest man in the United Kingdom, with a fortune of about £1.4 billion, according to the Sunday Times Rich List, Ashley wants to follow the example of Queens Park Rangers, where three of the richest men in England - Flavio Briatore, Bernie Ecclestone and Lakshmi Mittal - have joined forces with a view to transforming the fortunes of the Coca-Cola Championship club. “The QPR model looks very interesting,” Ashley said. “It's something that Newcastle needs to look at. It's got to be able to compete. Newcastle is not something you make a profit on, you have to enjoy and love it. If we had some multibillionaire that wanted a stake in Newcastle, it will help, but sell the club? It's not the same answer.” Ashley, who bought the club 14 months ago for £137 million, also denied rumours that he is a Tottenham Hotspur supporter. “It's not true,” he said. “I absolutely hate Spurs and always have done.” He was speaking out after Sports Direct, the sports retailer that he founded, reported that profits for the year to April had halved after a drop in sales attributed in part to poor weather last summer and England's failure to qualify for the European Championship finals. Joey Barton is expected to spend up to one more month in prison after being denied early release with an electronic tag. The 25-year-old midfield player had hoped to join in pre-season training with Kevin Keegan's squad, but may not be available until the final days of preparations, so he is unlikely to be ready for the start of the Barclays Premier League campaign on August 16. Barton's future remains in the balance after he was imprisoned for six months for assault and affray and also given a four-month suspended sentence for attacking Ousmane Dabo, his former Manchester City team-mate. Newcastle have confirmed that they will hold talks with Willie McKay, Barton's agent, when the player is released from prison. Link to post Share on other sites More sharing options...
Dave Posted July 10, 2008 Share Posted July 10, 2008 “I absolutely hate Spurs and always have done.” Fuck off, he didn't say that. Link to post Share on other sites More sharing options...
Syrette Posted July 10, 2008 Share Posted July 10, 2008 “I absolutely hate Spurs and always have done.” Fuck off, he didn't say that. He did! http://www.timesonline.co.uk/tol/sport/football/premier_league/newcastle/article4312304.ece That is it. The man has truly reached legend status. Officially. Link to post Share on other sites More sharing options...
Richo Posted July 10, 2008 Share Posted July 10, 2008 “I absolutely hate Spurs and always have done.” Fuck off, he didn't say that. Still, made me chuckle Link to post Share on other sites More sharing options...
UV Posted July 10, 2008 Share Posted July 10, 2008 “I absolutely hate Spurs and always have done.” f*** off, he didn't say that. He's definitely got people reading the forums. Link to post Share on other sites More sharing options...
Ally Posted July 10, 2008 Share Posted July 10, 2008 Class. Link to post Share on other sites More sharing options...
Wullie Posted July 10, 2008 Share Posted July 10, 2008 Genius. Link to post Share on other sites More sharing options...
manorpark Posted July 10, 2008 Share Posted July 10, 2008 I loathe the Evening Standard, it is just the Daily Mail in a different skin. However, London is one of 3 or 4 global megacities, and as such, a London newspaper can be every bit as important as a national newspaper. There's no point comparing it with the Chronicle or similar. Sanity at last. Having lived down there for many years, I know EXACTLY what their local rag is like. It is a local rag, and no matter which "locality" it serves (and you guys seem to think that makes a difference . . . ) it is still just that - a local rag. No, it is more than that - it is one of the worst (most boring) local rags I have seen anywhere. I know that it is fashionable on here to 'knock' the Evening Chronicle - but believe me (or don't!) but most local papers are FAR worse than the Chronicle. The Newcastle Evening Chronicle is a success. It is well liked (loved even) by many, and it serves a duel role as a Newcastle paper and as the only regional (Evening) paper for North Eastern England. (IE, it covers the entire region). It also sells a lot of copies (which would not happen if it was not liked). It is, as you say, indeed a direct contrast to the London Evening Standard. Gosh your blowing our minds with you local London knowledge. Thank You Parky, I normally only blow women's minds with my local knowledge . . . I have escaped from the sh*th*le some years ago though and am now living in civilisation. Link to post Share on other sites More sharing options...
afar Posted July 10, 2008 Share Posted July 10, 2008 So he's an Arsenal supporter then, that's why he's trying to model us on wenger's ideas. Link to post Share on other sites More sharing options...
Dave Posted July 10, 2008 Share Posted July 10, 2008 http://www.goal.com/en/Articolo.aspx?ContenutoId=771141 Read the comments. Link to post Share on other sites More sharing options...
Liam Liam Liam O Posted July 10, 2008 Share Posted July 10, 2008 http://www.goal.com/en/Articolo.aspx?ContenutoId=771141 Read the comments. That was obviously racist, and he should be punished by the FA and if I were the Bin Laden family, I would sue him up till he doesn't have money to go the bathroom The Bin Laden's sort their problems out by suing people? Link to post Share on other sites More sharing options...
Dave Posted July 10, 2008 Share Posted July 10, 2008 Does it cost to have a slash? Link to post Share on other sites More sharing options...
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