But we're owned by a billionaire!

[Dokko]

I expected more commitment than he's shown in terms of finance, i wasn't expecting RA style, but something decent to jolt us forward quickly, then to let the club build on that by itself.

 

As it is, he's done quite a s*** job so far and it won't get any better from his recent comments. Wouldn't be arsed to see him leave for a proper billionaire.

 

 

 

What exactly do you regard as a s*** job? Buying Guthrie, Coloccini, Bassong and Jonas? Negotiating £8m for Dyer, £4m for Shola and possibly £10m for Milner? Seems pretty competent work to me so far.

 

 

 

Where did we finish last season?

 

 

 

Also, let us not forget that he is the owner not the executive director who is involved in day to day dealing with the club nor is he the manager who runs the game.

 

Would you reckon you could change a below-par company into a hugely successful company in just 1 year?

 

Would you reckon you could make your worst grade (assuming it's a 40/100) into an extremely good grade (assuming it's a 90/100) within a year? - assuming university level?

 

Of course, those aren't necessarily a good comparison. What I am trying to say is he needs to be given time, his own proper structure and his team of players.

 

Have he not said how he intend to do it? or how many years it will take? or what his aims are?

 

For Christ sake... it's been repeated times and times again.

 

 

 

How about looking at it like restoring an old car since it seems you are in to this?

 

You could order the parts, one part at a time, and in a couple of years get it road worthy, or you could order the lot in bulk, and get the fuking thing on the road ASAP so its actually some use to you. Both will cost similar, in fact you could save delivery or shop around better if your car is on the road and getting you places.

 

[Spider Jerusalem]

Wasn't expecting a mad splurging of money Abramovic style.  What I was hoping for though as some sort of investment in building a squad for today - it's all well and good trying to build a squad of youngsters to come in in four years or so, but if they are going to start plying thier trade in a team propping up the league or - god forbid - playing in the Football League would it have been worth it. 

 

From the comments by Keegan this week this is looking likely to be fifth transfer window in a row where the squad is thinner than when it started - three of them being under the new ownership.  If Milner does go, hopefully for the amounts mentioned earlier this summer, then we will also have another transfer window where the transfer dealings will have just about broke even.  In January we were fed stories of massive debt repayments, at the start of the summer it was £80 million player wages.

 

It seems from an outsider looking in that Ashley has bought a new plaything without having the idea of how to maintain it.  To try and alleviate the problems he has brought in 'big names' to try and create a management team, but has tried to fit them into roles that they have had no pst record of having the aptitude to carry out.

[Ericz]

Look on bright side of things. He wants us running as a business, making profit, becoming self-sustainable etc. - it's all positive stuff.

 

I'd rather that then Ashley come in and just throw millions of his own money away on players - that suggests that we're just a toy to him, and as we all know people become bored of toys and it wouldn't be long before he just tosses us aside and forgets all about us.

 

This way, I'm positive he's in it for the long term and we don't have to fear the future.

 

Reminds me of the Fulham owner... big money transfers for a championship club at that time.

 

Now.... mmmmm quiet quiet quiet...

[mrmojorisin75]

on a side note if someone had told me in may smith & duff would still be at the club on august 28th i'd have been in fucken tears, i almost am now just thinking about it again

 

You see I'm not sure how the club is to blame for that. Those players aren't very good, and probably on huge wages. How are they meant to be moved on when everyone knows this? We can't force clubs to buy them.

 

we can't but (and we may have done this i don't know) say to their agents find another club, there's to be no fee and they're not wanted

 

i know this is basically a FM argument and the real world doesn't work like that but this is what needed to happen, they have to leave as they offer nothing and are a massive drain on resources, not to mention potentially holding back the development of younger players that could be given the chance to play in their place if we can't afford replacements

 

we know they do nothing, ever; we don't know that about lua lua, zamblera, donaldson etc...

 

lets face it if they stay for the length of their contracts now we'll get no money back (nor are we ever likely to get decent fees for them) and will have paid them millions, so what would be to lose by letting them go for nothing?

 

But this is what I was getting at in the OP. Why on earth should Ashley be expected to just write off millions of pounds paid to other clubs in transfer fees for the players? You and I may think they're shit but they're not completely worthless. Your argument stands up in terms of the wages, but no business is just going to ditch assets like that, however poor their reputation.

 

i'm sorry but imo both are totally and utterly a waste of air & space, the only thing either of them do is get in the way of stuff other players are doing so it comes to nothing (duff) or this plus commit fouls in stupid places and getting sent off (smith)

 

i rate smith a touch higher than duff due to his fouls, they're not always red card offences and/or on the edge of the box so sometimes he inevitably breaks up moves by the opposition by default

 

dave you're on about throwing good money after bad basically and if it was peanuts i'd agree with you, but it's not it's millions & millions of more pounds we'll have to spend and we'll never get any money for either of them from what i can see so why keep them?  you consider that good business 'cause i don't

 

give their wages to milner, at least just just shit at crossing

 

I completely agree on the merits of both players mate. They're fucking crap.

 

Just don't see why any club would just bin players for nothing. Not even 'as much money as we like' Chelsea do that. And what message would it give out to other players we're trying to attract?

we're not gonna pay shite players loads of money anymore, perform or you're out...?

 

[Slugsy]

on a side note if someone had told me in may smith & duff would still be at the club on august 28th i'd have been in fucken tears, i almost am now just thinking about it again

 

You see I'm not sure how the club is to blame for that. Those players aren't very good, and probably on huge wages. How are they meant to be moved on when everyone knows this? We can't force clubs to buy them.

 

we can't but (and we may have done this i don't know) say to their agents find another club, there's to be no fee and they're not wanted

 

i know this is basically a FM argument and the real world doesn't work like that but this is what needed to happen, they have to leave as they offer nothing and are a massive drain on resources, not to mention potentially holding back the development of younger players that could be given the chance to play in their place if we can't afford replacements

 

we know they do nothing, ever; we don't know that about lua lua, zamblera, donaldson etc...

 

lets face it if they stay for the length of their contracts now we'll get no money back (nor are we ever likely to get decent fees for them) and will have paid them millions, so what would be to lose by letting them go for nothing?

 

But this is what I was getting at in the OP. Why on earth should Ashley be expected to just write off millions of pounds paid to other clubs in transfer fees for the players? You and I may think they're s*** but they're not completely worthless. Your argument stands up in terms of the wages, but no business is just going to ditch assets like that, however poor their reputation.

 

I agree in principle Dave but I would have hoped that we would have said at the start of the transfer window to Smith and Ameobi that they were no longer in our plans going forward and were free to look for other clubs and make it known to the market.  Granted they may stay put but I would of expected the likes of Smith to look elsewhere.  I think they may have done that with Ameobi but not sure about others? 

 

Additionally, in reality there is NO way they are ever going to get their money back on the likes of Smith anyway - I'm not sure what the market value of Smith is for example, pretty low I would assume.  If you take Smith's wages into consideration, you have to weigh up if he is going to be of any benefit to the first team, if the answer is no and he aint going to play at all, why would you keep him on for the next 3 years at £40-50k a week with no transfer fee at the end rather than write off the majority of initial fee (which you will have to do anyway) and save all those wages?

[Ericz]

I expected more commitment than he's shown in terms of finance, i wasn't expecting RA style, but something decent to jolt us forward quickly, then to let the club build on that by itself.

 

As it is, he's done quite a s*** job so far and it won't get any better from his recent comments. Wouldn't be arsed to see him leave for a proper billionaire.

 

 

 

What exactly do you regard as a s*** job? Buying Guthrie, Coloccini, Bassong and Jonas? Negotiating £8m for Dyer, £4m for Shola and possibly £10m for Milner? Seems pretty competent work to me so far.

 

 

 

Where did we finish last season?

 

 

 

Also, let us not forget that he is the owner not the executive director who is involved in day to day dealing with the club nor is he the manager who runs the game.

 

Would you reckon you could change a below-par company into a hugely successful company in just 1 year?

 

Would you reckon you could make your worst grade (assuming it's a 40/100) into an extremely good grade (assuming it's a 90/100) within a year? - assuming university level?

 

Of course, those aren't necessarily a good comparison. What I am trying to say is he needs to be given time, his own proper structure and his team of players.

 

Have he not said how he intend to do it? or how many years it will take? or what his aims are?

 

For Christ sake... it's been repeated times and times again.

 

 

 

How about looking at it like restoring an old car since it seems you are in to this?

 

You could order the parts, one part at a time, and in a couple of years get it road worthy, or you could order the lot in bulk, and get the fuking thing on the road ASAP so its actually some use to you. Both will cost similar, in fact you could save delivery or shop around better if your car is on the road and getting you places.

 

 

A car isn't a good comparison though but I reckon a company is a better comparison.

 

It is no secret that football clubs are run like corporate organizations in the modern capitalist market. Blame it on capitalism if you wish.

 

 

[UV]

I guess the other thing that irks me is that as fans we should know more than anyone else that simply spending lots of money guarantees nothing. We have to build to get to where we want to be, and build on solid foundations.

 

We have our best ever manager in, who knows exactly what is required to do that, why can't we give him time to work his magic? Why does it all have to be here and now, this summer?

 

Ashley's comment about KK being very specific about the kind of player we buy is very heartening for me.

 

Forget bankrolling the club, at the moment he's not even putting anything like what is generated in revenue back into the development of the club.

 

There's not much point in trying to build a team from cheap young players if we can't keep them happy and hold onto them once they become even remotely good. If people think a young model-pro player who has never openly complained once despite having greater cause to than most who has the PFA acting as his agent is being a twat to the club and overly greedy, then god help us when we get in all these brilliant new youngsters with real agents. If anyone thinks we're going to go out and build a team to improve on where we currently are now from £1-2m kids who will all be better than Milner and be happy to stay on low wages forever, then they really are living in cloud cookoo land.

[mrmojorisin75]

on a side note if someone had told me in may smith & duff would still be at the club on august 28th i'd have been in fucken tears, i almost am now just thinking about it again

 

You see I'm not sure how the club is to blame for that. Those players aren't very good, and probably on huge wages. How are they meant to be moved on when everyone knows this? We can't force clubs to buy them.

 

we can't but (and we may have done this i don't know) say to their agents find another club, there's to be no fee and they're not wanted

 

i know this is basically a FM argument and the real world doesn't work like that but this is what needed to happen, they have to leave as they offer nothing and are a massive drain on resources, not to mention potentially holding back the development of younger players that could be given the chance to play in their place if we can't afford replacements

 

we know they do nothing, ever; we don't know that about lua lua, zamblera, donaldson etc...

 

lets face it if they stay for the length of their contracts now we'll get no money back (nor are we ever likely to get decent fees for them) and will have paid them millions, so what would be to lose by letting them go for nothing?

 

But this is what I was getting at in the OP. Why on earth should Ashley be expected to just write off millions of pounds paid to other clubs in transfer fees for the players? You and I may think they're s*** but they're not completely worthless. Your argument stands up in terms of the wages, but no business is just going to ditch assets like that, however poor their reputation.

 

I agree in principle Dave but I would have hoped that we would have said at the start of the transfer window to Smith and Ameobi that they were no longer in our plans going forward and were free to look for other clubs and make it known to the market.  Granted they may stay put but I would of expected the likes of Smith to look elsewhere.  I think they may have done that with Ameobi but not sure about others? 

 

Additionally, in reality there is NO way they are ever going to get their money back on the likes of Smith anyway - I'm not sure what the market value of Smith is for example, pretty low I would assume.  If you take Smith's wages into consideration, you have to weigh up if he is going to be of any benefit to the first team, if the answer is no and he aint going to play at all, why would you keep him on for the next 3 years at £40-50k a week with no transfer fee at the end rather than write off the majority of initial fee (which you will have to do anyway) and save all those wages?

 

aye slugsy, exactly

[Ericz]

I guess the other thing that irks me is that as fans we should know more than anyone else that simply spending lots of money guarantees nothing. We have to build to get to where we want to be, and build on solid foundations.

 

We have our best ever manager in, who knows exactly what is required to do that, why can't we give him time to work his magic? Why does it all have to be here and now, this summer?

 

Ashley's comment about KK being very specific about the kind of player we buy is very heartening for me.

 

Forget bankrolling the club, at the moment he's not even putting anything like what is generated in revenue back into the development of the club.

 

You seem to know something we don't?

[Guest neesy111]

I guess the other thing that irks me is that as fans we should know more than anyone else that simply spending lots of money guarantees nothing. We have to build to get to where we want to be, and build on solid foundations.

 

We have our best ever manager in, who knows exactly what is required to do that, why can't we give him time to work his magic? Why does it all have to be here and now, this summer?

 

Ashley's comment about KK being very specific about the kind of player we buy is very heartening for me.

Forget bankrolling the club, at the moment he's not even putting anything like what is generated in revenue back into the development of the club.

 

There's not much point in trying to build a team from cheap young players if we can't keep them happy and hold onto them once they become even remotely good. If people think a young model-pro player who has never openly complained once despite having greater cause to than most who has the PFA acting as his agent is being a twat to the club and overly greedy, then god help us when we get in all these brilliant new youngsters with real agents. If anyone thinks we're going to go out and build a team to improve on where we currently are now from £1-2m kids who will all be better than Milner and be happy to stay on low wages forever, then they really are living in cloud cookoo land.

 

the club still lost more than 10 million last season, so you can wipe that myth out

[TRon]

I expected more commitment than he's shown in terms of finance, i wasn't expecting RA style, but something decent to jolt us forward quickly, then to let the club build on that by itself.

 

As it is, he's done quite a shit job so far and it won't get any better from his recent comments. Wouldn't be arsed to see him leave for a proper billionaire.

 

 

 

What exactly do you regard as a shit job? Buying Guthrie, Coloccini, Bassong and Jonas? Negotiating £8m for Dyer, £4m for Shola and possibly £10m for Milner? Seems pretty competent work to me so far.

 

 

 

Where did we finish last season?

 

 

 

I can remember you panicking before we turned things round and saying something like "Fuk Keegan" so I thin k we finished quite well considering your suicidal state at the time.

[Guest Mucky01]

It seems from an outsider looking in that Ashley has bought a new plaything without having the idea of how to maintain it.  To try and alleviate the problems he has brought in 'big names' to try and create a management team, but has tried to fit them into roles that they have had no pst record of having the aptitude to carry out.

 

yep, it does look like he’s from a business empire built on buying and selling cheap crap and without a clue about the new industry of his ‘plaything’, but Fat Sam showed him that there are people in the business who can make him look an idiot and cost him tens of millions. He’s had to write that off and start a new approach, which is fair enough – but the jury is still out at the moment.

[9]

Not really, i wasn't expecting it from him, but that doesn't mean i wouldn't want to see it happen, no contradiction in my eyes.

 

How he cannot restore us to where we belong by himself and he needs help from investors, basically saying, i cannot afford to put my own cash in to this, but i do not want to sell up.

 

He'll not suffer, he'll get everything and more back, while we stand still. Rather him go tbh.

 

Fair enough, I read it as though you didn't expect Abramovich spending with him but would with another 'better' billionaire. Implying he's failed.

 

I find it strange that you'd like to see him go though, the last thing we need is yet another period of change.

 

Just not impressed mate, were ripe for some decent cash injection, but we never seem to do it. I watched Citeh last year do exactly what we should have done, if we had, with a more stable owner, it would be us brining in top players at the drop of a hat since were moving forward. Now you could say he didn't have his own manager, well now he has, and this summer's spending although good in terms of the quality, is only about half of what we need to have a strong season. I cannot see us signing 5+ players of the same quality in the time we've got left, therefore were in for another tough season, and another season lost where we could have easily made an impact.

 

 

Man city finished a whole 12 points ahead of us..spending a massive amount more

[Dave]

I guess the other thing that irks me is that as fans we should know more than anyone else that simply spending lots of money guarantees nothing. We have to build to get to where we want to be, and build on solid foundations.

 

We have our best ever manager in, who knows exactly what is required to do that, why can't we give him time to work his magic? Why does it all have to be here and now, this summer?

 

Ashley's comment about KK being very specific about the kind of player we buy is very heartening for me.

 

Forget bankrolling the club, at the moment he's not even putting anything like what is generated in revenue back into the development of the club.

 

There's not much point in trying to build a team from cheap young players if we can't keep them happy and hold onto them once they become even remotely good. If people think a young model-pro player who has never openly complained once despite having greater cause to than most who has the PFA acting as his agent is being a twat to the club and overly greedy, then god help us when we get in all these brilliant new youngsters with real agents. If anyone thinks we're going to go out and build a team to improve on where we currently are now from £1-2m kids who will all be better than Milner and be happy to stay on low wages forever, then they really are living in cloud cookoo land.

 

Have you got some figures on what the club is making against what is going back into the club? I didn't think they were made public these days.

 

Your other paragraph is classic straw man material. How are Coloccini and Gutierrez '£1-2m kids'? We need to be signing young players, cheap players and also expensive first-team players where required. Where has anyone ever suggested we don't?

[UV]

Hasn't Ashley discovered that the cost of generating that turnover was way too much and the club was sitting on a debt mountain, which he has now paid off?

 

Is this roughly accurate?

 

Aston Villa

Owned by: R Lerner (since 2006).

Value: c.£90m

Turnover: £52.7m (to 31 May 2007).

Profit/loss: £18.8m op' loss. Debt: £37m.

 

http://www.independent.co.uk/sport/football/transfers/whats-in-the-kitty-how-the-premier-league-clubs-shape-up-financially-834762.html

 

Because if is is, then our non-stadium based "debt mountain" was not significantly more than yours is currently, and out stadium based "debt mountain" easily covered itself as an investment (as long as the club can fill it).

 

Paying off the debt is irrelevant to the club other than it saves a couple of million a year in repayments, which is not to be sniffed at in the long run, but in the short to medium term is insignificant. Man U, Liverpool, and Arsenal seem to be doing just fine with their far more significant debts. The debt repayment is a massive red herring for how the club is so much better off now, as at the end of the day Ashley could sell the club tomorrow for £250m to HedgeFundsRUs who fund the purchase entirely on money borrowed against the club and we'd be up to our necks in far more debt than we ever had previously while he walks off with a tidy profit and 3 years worth of advance season ticket money leaving us really in the shit.

[UV]

I guess the other thing that irks me is that as fans we should know more than anyone else that simply spending lots of money guarantees nothing. We have to build to get to where we want to be, and build on solid foundations.

 

We have our best ever manager in, who knows exactly what is required to do that, why can't we give him time to work his magic? Why does it all have to be here and now, this summer?

 

Ashley's comment about KK being very specific about the kind of player we buy is very heartening for me.

 

Forget bankrolling the club, at the moment he's not even putting anything like what is generated in revenue back into the development of the club.

 

There's not much point in trying to build a team from cheap young players if we can't keep them happy and hold onto them once they become even remotely good. If people think a young model-pro player who has never openly complained once despite having greater cause to than most who has the PFA acting as his agent is being a t*** to the club and overly greedy, then god help us when we get in all these brilliant new youngsters with real agents. If anyone thinks we're going to go out and build a team to improve on where we currently are now from £1-2m kids who will all be better than Milner and be happy to stay on low wages forever, then they really are living in cloud cookoo land.

 

Have you got some figures on what the club is making against what is going back into the club? I didn't think they were made public these days.

 

Your other paragraph is classic straw man material. How are Coloccini and Gutierrez '£1-2m kids'? We need to be signing young players, cheap players and also expensive first-team players where required. Where has anyone ever suggested we don't?

 

I'm pretty sure the wage bill has gone down, the TV income has gone up, and we have extra revenue from pulling in future years season ticket money now.

 

http://www.journallive.co.uk/north-east-news/todays-news/tm_headline=newcastle-united-one-of-eight-clubs-to-make-profit%26method=full%26objectid=20989122%26siteid=61634-name_page.html

 

We made a profit in 06-07. We're heading the way of making a massive profit in 08-09

 

Your whole initial post is based on a straw man argument.

 

I'm saying that that is what a lot of people on here are suggesting the club should do, try to be successful on the cheap. Buying Coloccini went against that as he would be the "simply spending lots of money guarantees nothing" kind of player you're talking about. I think we should be buying more players like him (as well as youngsters), and 1 or 2 such players per season will get us nowhere.

[mrmojorisin75]

I guess the other thing that irks me is that as fans we should know more than anyone else that simply spending lots of money guarantees nothing. We have to build to get to where we want to be, and build on solid foundations.

 

We have our best ever manager in, who knows exactly what is required to do that, why can't we give him time to work his magic? Why does it all have to be here and now, this summer?

 

Ashley's comment about KK being very specific about the kind of player we buy is very heartening for me.

 

Forget bankrolling the club, at the moment he's not even putting anything like what is generated in revenue back into the development of the club.

 

There's not much point in trying to build a team from cheap young players if we can't keep them happy and hold onto them once they become even remotely good. If people think a young model-pro player who has never openly complained once despite having greater cause to than most who has the PFA acting as his agent is being a t*** to the club and overly greedy, then god help us when we get in all these brilliant new youngsters with real agents. If anyone thinks we're going to go out and build a team to improve on where we currently are now from £1-2m kids who will all be better than Milner and be happy to stay on low wages forever, then they really are living in cloud cookoo land.

 

Have you got some figures on what the club is making against what is going back into the club? I didn't think they were made public these days.

 

Your other paragraph is classic straw man material. How are Coloccini and Gutierrez '£1-2m kids'? We need to be signing young players, cheap players and also expensive first-team players where required. Where has anyone ever suggested we don't?

 

I'm pretty sure the wage bill has gone down, the TV income has gone up, and we have extra revenue from pulling in future years season ticket money now.

 

http://www.journallive.co.uk/north-east-news/todays-news/tm_headline=newcastle-united-one-of-eight-clubs-to-make-profit%26method=full%26objectid=20989122%26siteid=61634-name_page.html

 

We made a profit in 06-07. We're heading the way of making a massive profit in 08-09

 

Your whole initial post is based on a straw man argument.

 

I'm saying that that is what a lot of people on here are suggesting the club should do, try to be successful on the cheap. Buying Coloccini went against that as he would be the "simply spending lots of money guarantees nothing" kind of player you're talking about. I think we should be buying more players like him (as well as youngsters), and 1 or 2 such players per season will get us nowhere.

 

well said mate

[Spider Jerusalem]

We made a profit in 06-07. We're heading the way of making a massive profit in 08-09

 

Get in!  Just wonder where this profit will end up going though.  In his pocket, on the squad or on the balance sheet to make the club look more of an attractive prospect to others.

[Colos Short and Curlies]

We made a profit in 06-07. We're heading the way of making a massive profit in 08-09

 

Get in!  Just wonder where this profit will end up going though.  In his pocket, on the squad or on the balance sheet to make the club look more of an attractive prospect to others.

 

On the squad and on the balance sheet pretty much equate to the same thing dontcha think?

 

Anyway, I haven't got the figures in fornt of me, but any reported profit will be BEFORE any sales and purchases of players. So say we made a profit of £10m and spent net £11m (as I say I aint got the figures here) then we have reinvested all and more of the revenue during the year

[Dokko]

Not really, i wasn't expecting it from him, but that doesn't mean i wouldn't want to see it happen, no contradiction in my eyes.

 

How he cannot restore us to where we belong by himself and he needs help from investors, basically saying, i cannot afford to put my own cash in to this, but i do not want to sell up.

 

He'll not suffer, he'll get everything and more back, while we stand still. Rather him go tbh.

 

Fair enough, I read it as though you didn't expect Abramovich spending with him but would with another 'better' billionaire. Implying he's failed.

 

I find it strange that you'd like to see him go though, the last thing we need is yet another period of change.

 

Just not impressed mate, were ripe for some decent cash injection, but we never seem to do it. I watched Citeh last year do exactly what we should have done, if we had, with a more stable owner, it would be us brining in top players at the drop of a hat since were moving forward. Now you could say he didn't have his own manager, well now he has, and this summer's spending although good in terms of the quality, is only about half of what we need to have a strong season. I cannot see us signing 5+ players of the same quality in the time we've got left, therefore were in for another tough season, and another season lost where we could have easily made an impact.

 

 

Man city finished a whole 12 points ahead of us..spending a massive amount more

 

They tailed off, but considering the state they were in only weeks before kick off they had a pretty good season. The uncertainty and surroundings went sour with Thaskin's trial and inevitable sacking of Sven, coincided with their captain going to leave for free, yes they had a tough end. What i'm saying is if we spent that money, and with the stability the current regime has brought, we'd be X amount of points ahead of them, possibly with a Euro spot at least intertoto. Recruiting this window would have been a dream, we need that push, KK for all his talent can motivate these lot, but in the end the squad is small, lacking in talent in certain areas and that will only fix itself with new faces, a big push of players all at once would sort all that out, then afterwards we can buy and sell until we get the right team, keep on progressing, moving forward. If KK is only going to be here for 3 years, i want that big push sooner rather than later, i don't want him leaving just as its going to get good, for some knob jockey to come in and destroy it all again.

[Spider Jerusalem]

We made a profit in 06-07. We're heading the way of making a massive profit in 08-09

 

Get in!  Just wonder where this profit will end up going though.  In his pocket, on the squad or on the balance sheet to make the club look more of an attractive prospect to others.

 

On the squad and on the balance sheet pretty much equate to the same thing dontcha think?

 

Anyway, I haven't got the figures in fornt of me, but any reported profit will be BEFORE any sales and purchases of players. So say we made a profit of £10m and spent net £11m (as I say I aint got the figures here) then we have reinvested all and more of the revenue during the year

 

Nah, 6 million in the bank would look a hell of a better prospect than say 6 million on Alan Smith on the 'assets list' to anyone who knows anything about football. 

 

Don't think that there is going to be much taken out of this years budget for transfers in either.

[Slugsy]

Not to jump into an argument but I think we made a loss of £328k before amortisation of players in 06-07, after amortisation, we made a loss of £26m - no accounts have been filed as yet for 07-08 and I am quite impressed with your thoughts on profits for 08-09, given that financial year has only been 2 months in.

[Dokko]

I expected more commitment than he's shown in terms of finance, i wasn't expecting RA style, but something decent to jolt us forward quickly, then to let the club build on that by itself.

 

As it is, he's done quite a shit job so far and it won't get any better from his recent comments. Wouldn't be arsed to see him leave for a proper billionaire.

 

 

 

What exactly do you regard as a shit job? Buying Guthrie, Coloccini, Bassong and Jonas? Negotiating £8m for Dyer, £4m for Shola and possibly £10m for Milner? Seems pretty competent work to me so far.

 

 

 

Where did we finish last season?

 

 

 

I can remember you panicking before we turned things round and saying something like "Fuk Keegan" so I thin k we finished quite well considering your suicidal state at the time.

 

I was pissed off at the board for not signing recruits in the winter window, can't remember me actually directing much towards KK. How many points did we finish of relegation anyway? 7? Yeah, no reason for anyone to be concerned eh?

[UV]

We made a profit in 06-07. We're heading the way of making a massive profit in 08-09

 

Get in!  Just wonder where this profit will end up going though.  In his pocket, on the squad or on the balance sheet to make the club look more of an attractive prospect to others.

 

On the squad and on the balance sheet pretty much equate to the same thing dontcha think?

 

Anyway, I haven't got the figures in fornt of me, but any reported profit will be BEFORE any sales and purchases of players. So say we made a profit of £10m and spent net £11m (as I say I aint got the figures here) then we have reinvested all and more of the revenue during the year

 

Seriously? Seems like a pretty big omission from a profit & loss statement to me.

 

Mind you, Mike says we never actually paid for any players before he came anyway, we just gave the selling clubs promise notes to be collected when the club was sold on to a generous (and handsome) Billionaire.

[Colos Short and Curlies]

Not to jump into an argument but I think we made a loss of £328k before amortisation of players in 06-07, after amortisation, we made a loss of £26m - no accounts have been filed as yet for 07-08 and I am quite impressed with your thoughts on profits for 08-09, given that financial year has only been 2 months in.

 

To be honest the best way of looking at spend in a year for the club as a whole is to take profit/loss before ammortisation then add the net spend/income on players in that year.