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How much has relegation cost Ashley?


cp40

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How much money will he lose, in direct income, and loss of value of the club?

 

Where would we be if he'd have given that money to Keegan, and backed him instead of Wise.

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Guest neesy111

it'll cost him somewhere near around 45 million

 

he'll fuck off and cut his losses

 

and sports direct should fuck off out of the north east

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On the other hand Keegan might have wanted Lampard, Joe Cole, Steven Gerrard and Wayne Rooney. FACT, they would have cost a hell of a lot more than relegation. Just enjoy this moment of apathy....or not. But on the other hand, next year is or year. No more overpaid cunts; Tayls and Jonas are stayin' and let's build around them. I LOVE NEWCASTLE UNITED! And fuck the rest!

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Not as much as a left and a right back, plus a central midfielder would have cost.

 

Yup, what a fucking dopey cunt he is.

 

He even had a football man as his bitch Denis Wise, what the fuck was he saying to Ashley.  :doh:

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Not as much as a left and a right back, plus a central midfielder would have cost.

 

Wrong way round, surely? :lol:

 

 

tooj meant , a lot more than an, etc etc.....

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Not as much as a left and a right back, plus a central midfielder would have cost.

 

Wrong way round, surely? :lol:

 

 

tooj meant , a lot more than an, etc etc.....

 

Aye.

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Not as much as a left and a right back, plus a central midfielder would have cost.

 

Wrong way round, surely? :lol:

 

Lampard, Henry etc

 

Ah right. I thought you meant relegation has cost him a fuckload more than the outlay on some half-decent players would have. Which it has. :(

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Guest saintscoobz

Not as much as it should, hope he sells up, fucks off and takes his bargain basement sports chain with him

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Not as much as a left and a right back, plus a central midfielder would have cost.

 

Wrong way round, surely? :lol:

 

Lampard, Henry etc

 

Ah right. I thought you meant relegation has cost him a fuckload more than the outlay on some half-decent players would have. Which it has. :(

 

I was just trying to cover my back. :(

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Guest Dr. Richard Kimble

Does Ashley have some kind of speech impediment?

 

Maybe the shock will trigger some life into his vocal chords a little too late.

 

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Does Ashley have some kind of speech impediment?

 

Maybe the shock will trigger some life into his vocal chords a little too late.

 

He thinks he's being a cool kid, a normal bloke, in the way he's acting - shunning the limelight, disliking the "suits", being one of the common folk who dislikes attention and keeps things to himself. Doesn't realise he comes across as a right prat because he's lacking respect for the role he's occupying and the responsibilities that go with it.

 

Ashley should have heeded Sir Bobby's advice from the day it was given, i.e. that he should act like an owner of a football club instead of ignoring his responsibilities.

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Guest Dr. Richard Kimble

Does Ashley have some kind of speech impediment?

 

Maybe the shock will trigger some life into his vocal chords a little too late.

 

He thinks he's being a cool kid, a normal bloke, in the way he's acting - shunning the limelight, disliking the "suits", being one of the common folk who dislikes attention and keeps things to himself. Doesn't realise he comes across as a right prat because he's lacking respect for the role he's occupying and the responsibilities that go with it.

 

Ashley should have heeded Sir Bobby's advice from the day it was given, i.e. that he should act like an owner of a football club instead of ignoring his responsibilities.

 

It could have been so different if he'd been positive and engaging, maxing out to promote the club.

 

Did you ever see those Victor Kiam adverts for Remington Shavers? --

 

"I liked the shaver so much, I bought the company"

 

That the kind of guy you want at the helm.

 

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On the other hand Keegan might have wanted Lampard, Joe Cole, Steven Gerrard and Wayne Rooney. FACT, they would have cost a hell of a lot more than relegation. Just enjoy this moment of apathy....or not. But on the other hand, next year is or year. No more overpaid c***s; Tayls and Jonas are stayin' and let's build around them. I LOVE NEWCASTLE UNITED! And f*** the rest!

how do you know about jonas??

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http://www.telegraph.co.uk/sport/football/leagues/premierleague/newcastle/5383023/Mike-Ashley-hit-by-90-million-black-hole-after-Newcastles-relegation.html

Mike Ashley hit by £90 million black hole after Newcastle's relegation

 

Mike Ashley has made and lost vast sums in his career but before Sunday he is unlikely to have seen his money drain away at a rate of £1 million per minute.

 

Newcastle's 1-0 defeat by Aston Villa confirmed their relegation to the Championship and at a stroke wiped an estimated £90 million off the value of a club priced at twice that nine months ago. Relegation is a sporting disaster for the city of Newcastle and the north east, but for its owner the financial implications of this car-crash season run deep.

 

When Ashley bought the club in May 2007 he paid around £134 million to former chairmen Sir John Hall, Freddie Shepherd and other significant shareholders, before paying off £100 million of debt laid on the club by these previous regimes.

 

Investment in the playing squad and the need to oil the revolving doors of the boardroom and manager's office with regular pay-offs – four managers, one director of football and two chief executives have come and gone during the Ashley years – takes his total spending to more than £250 million in two years.

 

Relegation means the value of that investment has plummeted just as surely as the playing staff. When Ashley put the club up for sale amid growing supporter unrest last September he was seeking around £220 million, a good return given the meltdown in the global credit markets.

 

Three serious candidates emerged, one of them an American willing to offer £180 million. Unfortunately for Ashley that offer evaporated when fraudster Bernie Madoff was exposed, taking the potential buyer's fortune with him.

 

Today, according to informed City estimates, Ashley would have to settle for no more than £90 million, assuming a buyer could be found for a club about to taste the realities of life on short rations in the Championship.

 

Even for a buccaneering investor such as Ashley that is some hit, and its implications will fundamentally shape talks over the club's future direction with managing director Derek Llambias this week.

 

The club's future is almost entirely dependent on how much Ashley is willing to gamble on an early return to the Premier League. Persuading Alan Shearer to stay on will buy Ashley time with the supporters, but the manager will want assurances that he will be able to revamp a playing squad who were paid more than £70 million last year.

 

With around 12 of the 33 first-team players earning more than £50,000 per week, a fire-sale to cut costs is inevitable. Michael Owen and Mark Viduka will be first out of the door, taking £180,000 per week off the wage bill.

 

Whether Ashley is willing to spend good money after bad remains to be seen, with his personal fortune estimated to have slumped by around half in the last year too. The Sunday Times Rich List estimates his fortune at £700 million, still enviable, but it means his Newcastle investment no longer looks like Monopoly money.

 

Should Ashley decide to sell he is likely to have to be flexible. His investment in the club includes an interest-free loan of £100 million, repayable on demand. Any new owner will want the loan written off or deferred until Premier League status is regained.

 

His best hope may be a quick sale now with some of the payment deferred until Newcastle are back in the top division. Should that highly optimistic scenario not materialise then he and Llambias will have to balance Premier League ambitions with Championship realities.

 

The only certainty is that revenue is about to plummet. Last season Newcastle turned over £99 million, £41 million from broadcast deals. Next season the club will earn £2.5 million from TV, supplemented by a parachute payment of £11.5 million, and they also face significant reductions in commercial and match-day income.

 

With those kind of numbers Ashley knows it may take more than a parachute to stop the decline.

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