£60 million transfer profit in Ashleys' time in charge ?

[Teasy]

The most obvious ones you've missed are Coloccini and Gutierrez.  Take a look at the NUFC.com transfers section for a full list of all players in and out.  Its nowhere near £40m, more like £20m, which all comes from the current season.

[Happy Face]

Am I missing something?  Why would those players not be included in the accounts?

[macca888]

The most obvious ones you've missed are Coloccini and Gutierrez.  Take a look at the NUFC.com transfers section for a full list of all players in and out.  Its nowhere near £40m, more like £20m, which all comes from the current season.

Yes, true and I also fogot Danny Guthrie as well so it looks about the 20 million mark being right.

[Guest Walking in a waddle wonde]

http://www.mirrorfootball.co.uk/news/Newcastle-owner-Mike-Ashley-owed-a-staggering-111million-by-the-financially-stricken-club-Exclusive-article411471.html

 

Newly-promoted Newcastle United owe Mike Ashley a staggering £111million.

 

And Toon’s controversial owner is now entitled to claim his debt back on demand.

 

The shock revelation comes in Newcastle’s latest balance sheet which shows net current liabilities of £154.3m and a net loss of £15.2m on the 2008/09 relegation campaign.

 

Significantly, Ashley has changed the terms of the loan to make the £111m payable whenever he requests it rather than having to wait until there is a change of ownership.

 

Ashley’s loan to Newcastle has increased by £11million over the financial year to June 2009 and since the year end he has ploughed another £25.5m into the financially-stricken club.

 

Newcastle also have a £3m loan from their bankers as well as a bank overdraft of £35m, while trade creditors are owed £15.8m.

 

Newcastle’s wage bill, slashed by an estimated £30m since relegation, was a massive £71m or 82.6 per cent of turnover.

 

The figures make depressing reading for the Toon Army as Ashley prepares to sit down to discuss transfer targets for their Premier League return with manager Chris Hughton

 

The accounts reveal: “The Group’s outstanding loan from Mr MJW Ashley of £111m (30 June 2008 £100m) is repayable on demand.

 

“Under the previous agreement in force at 30 June 2008 the loan was only repayable on demand in the event of a change of control.”

 

The balance sheet also highlights that the departures of managers Sam Allardyce and Kevin Keegan cost the hard-up Magpies a whopping £10m.

 

But managing director Derek Lambias’ business review admits that the full financial implications of Newcastle’s season in the Championship won’t unfold until the figures for the year ending 2010 are published.

 

Newcastle insist they will be ale to meet their debts with the continued backing of Ashley and their bankers.

[macca888]

I guess we had better be nice to him in future and lay off the Ashley Out chants at games

[andydunc]

Apparently dave whelan richest great Britain in sport with fortune of £190 million- source Sunday times.  Have I missed something, surely Ashley wealthier??

[stalker]

Apparently dave whelan richest great Britain in sport with fortune of £190 million- source Sunday times.  Have I missed something, surely Ashley wealthier??

 

Dave Whelan was a footballer, think he's the richest current or former sportsman