madras Posted July 8, 2009 Share Posted July 8, 2009 £75m owed to the banks turned in to £100m owed to Mike. Plus an £10m overdraft extension. so you expected him to break even straight away while inheriting a wages ratio of over 60% ? Are you saying the debt levels went down? where did i even hint it ? i'm asking you how, with the wages being by far the largest swallower of cash and built in with long term contracts you expect him to cut the debt straight away It’s implied by the context of post I was responding to, which incorrectly claimed Ashley wiped off £90m of debt. i suppose he has. the banks are no longer owed any monies bar what has been used out of the overdraft facility. now it's up to ashley how much he asks for the club. Link to post Share on other sites More sharing options...
Stu Posted July 8, 2009 Share Posted July 8, 2009 lads, we've had this debate with fadingstar before, he's firmly in the Ashley-antichrist camp and is unwilling to acknowledge the facts Link to post Share on other sites More sharing options...
Guest fading star Posted July 8, 2009 Share Posted July 8, 2009 Ashley paid £135m for an ailing premiership club carrying about £75m of debt. He now wants £100m for a completely f***ed up championship club with a £40m overdraft. A net loss of about £45m on the value of his asset represents a lucky escape for Mike Ashley. Link to post Share on other sites More sharing options...
madras Posted July 8, 2009 Share Posted July 8, 2009 Ashley paid £135m for an ailing premiership club carrying about £75m of debt. He now wants £100m for a completely f***ed up championship club with a £40m overdraft. A net loss of about £45m on the value of his asset represents a lucky escape for Mike Ashley. depends on wether he gets the "loan"back....incidentally why would this loan be separate from the headline price ?....also how much extra has he put in ? Link to post Share on other sites More sharing options...
TRon Posted July 8, 2009 Share Posted July 8, 2009 How on earth has he managed to make Shepherd look like a financial genius? that's almost on a par with the OP Just because Ashley made the mistakes doesn't mean that you can't afford him any empathy or recognition of his losses. Unless proven otherwise, he acted in how he thought was best for the club - which you can't fault his intentions for. His methods and decisions will be scrutinised forevermore, but it ludicrous to think that he came to SJP with the intention of deliberately failing. Shepherd didn't lose a personal fortune AND get the club relegated. Compared to Ashley, Shepherd is a financial genius, which isn't saying much btw. Ashley had plenty of chances to step back from the brink but he failed to invest a few million at the right time to avoid disaster. This isn't an endorsement of Shepherd, more of an indictment of Ashley's monumental cock ups and there's a long list of them I haven't even mentioned here. Link to post Share on other sites More sharing options...
madras Posted July 8, 2009 Share Posted July 8, 2009 How on earth has he managed to make Shepherd look like a financial genius? that's almost on a par with the OP Just because Ashley made the mistakes doesn't mean that you can't afford him any empathy or recognition of his losses. Unless proven otherwise, he acted in how he thought was best for the club - which you can't fault his intentions for. His methods and decisions will be scrutinised forevermore, but it ludicrous to think that he came to SJP with the intention of deliberately failing. Shepherd didn't lose a personal fortune AND get the club relegated. Compared to Ashley, Shepherd is a financial genius, which isn't saying much btw. Ashley had plenty of chances to step back from the brink but he failed to invest a few million at the right time to avoid disaster. This isn't an endorsement of Shepherd, more of an indictment of Ashley's monumental cock ups and there's a long list of them I haven't even mentioned here. shepherds net worth is nowhere near ashleys...both started off with nowt. Link to post Share on other sites More sharing options...
TRon Posted July 8, 2009 Share Posted July 8, 2009 How on earth has he managed to make Shepherd look like a financial genius? that's almost on a par with the OP Just because Ashley made the mistakes doesn't mean that you can't afford him any empathy or recognition of his losses. Unless proven otherwise, he acted in how he thought was best for the club - which you can't fault his intentions for. His methods and decisions will be scrutinised forevermore, but it ludicrous to think that he came to SJP with the intention of deliberately failing. Shepherd didn't lose a personal fortune AND get the club relegated. Compared to Ashley, Shepherd is a financial genius, which isn't saying much btw. Ashley had plenty of chances to step back from the brink but he failed to invest a few million at the right time to avoid disaster. This isn't an endorsement of Shepherd, more of an indictment of Ashley's monumental cock ups and there's a long list of them I haven't even mentioned here. shepherds net worth is nowhere near ashleys...both started off with nowt. I am talking about this from the perspective of Newcastle United as a football club. Link to post Share on other sites More sharing options...
madras Posted July 8, 2009 Share Posted July 8, 2009 How on earth has he managed to make Shepherd look like a financial genius? that's almost on a par with the OP Just because Ashley made the mistakes doesn't mean that you can't afford him any empathy or recognition of his losses. Unless proven otherwise, he acted in how he thought was best for the club - which you can't fault his intentions for. His methods and decisions will be scrutinised forevermore, but it ludicrous to think that he came to SJP with the intention of deliberately failing. Shepherd didn't lose a personal fortune AND get the club relegated. Compared to Ashley, Shepherd is a financial genius, which isn't saying much btw. Ashley had plenty of chances to step back from the brink but he failed to invest a few million at the right time to avoid disaster. This isn't an endorsement of Shepherd, more of an indictment of Ashley's monumental cock ups and there's a long list of them I haven't even mentioned here. shepherds net worth is nowhere near ashleys...both started off with nowt. I am talking about this from the perspective of Newcastle United as a football club. fair do's Link to post Share on other sites More sharing options...
Stu Posted July 9, 2009 Share Posted July 9, 2009 How on earth has he managed to make Shepherd look like a financial genius? that's almost on a par with the OP Just because Ashley made the mistakes doesn't mean that you can't afford him any empathy or recognition of his losses. Unless proven otherwise, he acted in how he thought was best for the club - which you can't fault his intentions for. His methods and decisions will be scrutinised forevermore, but it ludicrous to think that he came to SJP with the intention of deliberately failing. Shepherd didn't lose a personal fortune AND get the club relegated. Compared to Ashley, Shepherd is a financial genius, which isn't saying much btw. Ashley had plenty of chances to step back from the brink but he failed to invest a few million at the right time to avoid disaster. This isn't an endorsement of Shepherd, more of an indictment of Ashley's monumental cock ups and there's a long list of them I haven't even mentioned here. shepherds net worth is nowhere near ashleys...both started off with nowt. I am talking about this from the perspective of Newcastle United as a football club. So someone who cornered themselves into a position where they had exhausted all available lines of credit and were forced into realising future cash flows immediately at a much discounted price...over someone who lost their OWN money plugging the holes created by said person. Don't really think you can call shepherd a financial genius (in relation to Ashley), he had no idea of the world outside of NE1, Ashley has a poor footballing knowledge but at least got us onto a more stable footing. Link to post Share on other sites More sharing options...
UV Posted July 9, 2009 Share Posted July 9, 2009 Ashley has a poor footballing knowledge but at least got us onto a more stable footing. Classic The club's never been in better shape. Link to post Share on other sites More sharing options...
Dave Posted July 9, 2009 Share Posted July 9, 2009 Link to post Share on other sites More sharing options...
ianovthetoon Posted July 9, 2009 Share Posted July 9, 2009 He likes a gamble, why doesn't he whack a few quid on Vialli to be the next manager, that should help him recoup his losses when he sells to the Hong Kong Lot Link to post Share on other sites More sharing options...
ewerk Posted July 9, 2009 Share Posted July 9, 2009 Ashley has a poor footballing knowledge but at least got us onto a more stable footing. Has there ever been a more ridiculous statement ever posted anywhere on the internet? Link to post Share on other sites More sharing options...
David Icke - Son of God Posted July 9, 2009 Share Posted July 9, 2009 How on earth has he managed to make Shepherd look like a financial genius? that's almost on a par with the OP Just because Ashley made the mistakes doesn't mean that you can't afford him any empathy or recognition of his losses. Unless proven otherwise, he acted in how he thought was best for the club - which you can't fault his intentions for. His methods and decisions will be scrutinised forevermore, but it ludicrous to think that he came to SJP with the intention of deliberately failing. Shepherd didn't lose a personal fortune AND get the club relegated. Compared to Ashley, Shepherd is a financial genius, which isn't saying much btw. Ashley had plenty of chances to step back from the brink but he failed to invest a few million at the right time to avoid disaster. This isn't an endorsement of Shepherd, more of an indictment of Ashley's monumental cock ups and there's a long list of them I haven't even mentioned here. shepherds net worth is nowhere near ashleys...both started off with nowt. I am talking about this from the perspective of Newcastle United as a football club. So someone who cornered themselves into a position where they had exhausted all available lines of credit and were forced into realising future cash flows immediately at a much discounted price...over someone who lost their OWN money plugging the holes created by said person. Don't really think you can call shepherd a financial genius (in relation to Ashley), he had no idea of the world outside of NE1, Ashley has a poor footballing knowledge but at least got us onto a more stable footing. Deary fucking me Aye, it looks and feels like we're on a more stable footing at the moment. Twat. Link to post Share on other sites More sharing options...
Parky Posted July 9, 2009 Share Posted July 9, 2009 How on earth has he managed to make Shepherd look like a financial genius? that's almost on a par with the OP Just because Ashley made the mistakes doesn't mean that you can't afford him any empathy or recognition of his losses. Unless proven otherwise, he acted in how he thought was best for the club - which you can't fault his intentions for. His methods and decisions will be scrutinised forevermore, but it ludicrous to think that he came to SJP with the intention of deliberately failing. Shepherd didn't lose a personal fortune AND get the club relegated. Compared to Ashley, Shepherd is a financial genius, which isn't saying much btw. Ashley had plenty of chances to step back from the brink but he failed to invest a few million at the right time to avoid disaster. This isn't an endorsement of Shepherd, more of an indictment of Ashley's monumental cock ups and there's a long list of them I haven't even mentioned here. shepherds net worth is nowhere near ashleys...both started off with nowt. I am talking about this from the perspective of Newcastle United as a football club. So someone who cornered themselves into a position where they had exhausted all available lines of credit and were forced into realising future cash flows immediately at a much discounted price...over someone who lost their OWN money plugging the holes created by said person. Don't really think you can call shepherd a financial genius (in relation to Ashley), he had no idea of the world outside of NE1, Ashley has a poor footballing knowledge but at least got us onto a more stable footing. Deary fucking me Aye, it looks and feels like we're on a more stable footing at the moment. Twat. Staggering idiocy. Link to post Share on other sites More sharing options...
Guest Redcar Mag Posted July 9, 2009 Share Posted July 9, 2009 How on earth has he managed to make Shepherd look like a financial genius? that's almost on a par with the OP Just because Ashley made the mistakes doesn't mean that you can't afford him any empathy or recognition of his losses. Unless proven otherwise, he acted in how he thought was best for the club - which you can't fault his intentions for. His methods and decisions will be scrutinised forevermore, but it ludicrous to think that he came to SJP with the intention of deliberately failing. Shepherd didn't lose a personal fortune AND get the club relegated. Compared to Ashley, Shepherd is a financial genius, which isn't saying much btw. Ashley had plenty of chances to step back from the brink but he failed to invest a few million at the right time to avoid disaster. This isn't an endorsement of Shepherd, more of an indictment of Ashley's monumental cock ups and there's a long list of them I haven't even mentioned here. shepherds net worth is nowhere near ashleys...both started off with nowt. I am talking about this from the perspective of Newcastle United as a football club. So someone who cornered themselves into a position where they had exhausted all available lines of credit and were forced into realising future cash flows immediately at a much discounted price...over someone who lost their OWN money plugging the holes created by said person. Don't really think you can call shepherd a financial genius (in relation to Ashley), he had no idea of the world outside of NE1, Ashley has a poor footballing knowledge but at least got us onto a more stable footing. What. A. Cunt. Link to post Share on other sites More sharing options...
Dogmatix Posted July 9, 2009 Share Posted July 9, 2009 How on earth has he managed to make Shepherd look like a financial genius? that's almost on a par with the OP Just because Ashley made the mistakes doesn't mean that you can't afford him any empathy or recognition of his losses. Unless proven otherwise, he acted in how he thought was best for the club - which you can't fault his intentions for. His methods and decisions will be scrutinised forevermore, but it ludicrous to think that he came to SJP with the intention of deliberately failing. Shepherd didn't lose a personal fortune AND get the club relegated. Compared to Ashley, Shepherd is a financial genius, which isn't saying much btw. Ashley had plenty of chances to step back from the brink but he failed to invest a few million at the right time to avoid disaster. This isn't an endorsement of Shepherd, more of an indictment of Ashley's monumental cock ups and there's a long list of them I haven't even mentioned here. shepherds net worth is nowhere near ashleys...both started off with nowt. I am talking about this from the perspective of Newcastle United as a football club. So someone who cornered themselves into a position where they had exhausted all available lines of credit and were forced into realising future cash flows immediately at a much discounted price...over someone who lost their OWN money plugging the holes created by said person. Don't really think you can call shepherd a financial genius (in relation to Ashley), he had no idea of the world outside of NE1, Ashley has a poor footballing knowledge but at least got us onto a more stable footing. Deary fucking me Aye, it looks and feels like we're on a more stable footing at the moment. Twat. Staggering idiocy. Could not have put it more succinctly Link to post Share on other sites More sharing options...
madras Posted July 9, 2009 Share Posted July 9, 2009 whats does everyone think of the rest of stupeedos post ? Link to post Share on other sites More sharing options...
brummie Posted July 9, 2009 Share Posted July 9, 2009 I FUCKING HOPE SO just like to add to this; I HOPE HE LOSES EVERYTHING AND HIM, HIS WIFE AND CHILDREN END UP FLIPPING MY BURGERS THE FUCKING CUNT You eat burgers? Crikey, how very déclassé Link to post Share on other sites More sharing options...
Segun Oluwaniyi Posted July 9, 2009 Share Posted July 9, 2009 This thread is pathetic. Link to post Share on other sites More sharing options...
cp40 Posted July 9, 2009 Share Posted July 9, 2009 whats does everyone think of the rest of stupeedos post ? The correct answer is.... he loses credibilty by stating Ashley has us on a stable footing. Link to post Share on other sites More sharing options...
TRon Posted July 9, 2009 Share Posted July 9, 2009 whats does everyone think of the rest of stupeedos post ? There was merit in Ashley trying to put the club on a stable footing, obviously Shepherd's money was blown by Souness and it put the club in a bad position, but at least we were in the Premier. Ashley's blunders over Keegan, his stupid cheap option managerial oppointments and worst of all his failure to protect the club's Premiership future by investing in the squad backfired spectacularly. Shepherd wuld have acted far more decisively in the market in those crucial transfer windows and it would have kept us up. So yes, in comparison to Ashley he's a financial genius. Link to post Share on other sites More sharing options...
Stu Posted July 9, 2009 Share Posted July 9, 2009 whats does everyone think of the rest of stupeedos post ? The correct answer is.... he loses credibilty by stating Ashley has us on a stable footing. Christ, I miss out the word 'financial' and look what happens...the Shepherd apologists out in force (not aimed at you Cp40, I know you're just a Keegan fan) Link to post Share on other sites More sharing options...
Stu Posted July 9, 2009 Share Posted July 9, 2009 Ashley has a poor footballing knowledge but at least got us onto a more stable footing. Classic The club's never been in better shape. Hmm, about to topple into the abyss....or....further down the mountain but with slightly wider ledge to cling onto Link to post Share on other sites More sharing options...
cp40 Posted July 9, 2009 Share Posted July 9, 2009 whats does everyone think of the rest of stupeedos post ? The correct answer is.... he loses credibilty by stating Ashley has us on a stable footing. Christ, I miss out the word 'financial' and look what happens...the Shepherd apologists out in force (not aimed at you Cp40, I know you're just a Keegan fan) thats me. Link to post Share on other sites More sharing options...
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