Club statement

[Mick]

 

I know, I know, but I mean when they talk about breaking even, I presume this means excluding any 20 million a year investments by Ashley, or does it?

 

I can only guess that breaking even means without any cash input from Ashley.  I don't have any problem with that as most clubs are going to have to work like that if they intend to play European football.  If we are expected to get to that position without any investment in new players then I can only see it failing.

[Mick]

my take on the situation:

 

http://manontheterraces.blogspot.com

 

"Why does ashley not learn from lessons learnt?"

 

  That's as clear as the statement.

[Bad Mongo]

But what about the Puma deal? One would imagine that would give the club some money to spend.

[Happy Face]

I was just thinking, does this also spell the end of the 20 million of his own money Mike promised to put in the club on a yearly basis?

 

£20 million a year only adds up to £60 million, he's already put in much more than that.

 

He made the £20m a year statement AFTER Keegan went.

 

He'd already paid in at least £70m the day he arrived which, the way I see it, was not part of the £20m a year he was always willing to bankroll us with.

 

Current debt is £111m (up to 2009) plus £25m (09/10) which means his spending over 3 seasons is (111-70)+25 = £66m or £22m per season.

 

Credit to him for sticking to his word....so far.

[Mick]

 

He made the £20m a year statement AFTER Keegan went.

 

He'd already paid in at least £70m the day he arrived which the way I see it was not part of the £20m a year he was always willing to bankroll us with.

 

Current debt is £111m (up to 2009) plus £25m (09/10) which means his spending over 3 seasons is (111-70)+25 = £66m or £22m per season.

 

Credit to him for sticking to his word....so far.

 

The timing of when he said he'd put £20 million in doesn't mean that he hadn't planned to do so before that date.

[Guest Antec]

What happens if he uses the next five years to pay back his loans?

[clintdempsey]

I was just thinking, does this also spell the end of the 20 million of his own money Mike promised to put in the club on a yearly basis?

 

£20 million a year only adds up to £60 million, he's already put in much more than that.

 

He made the £20m a year statement AFTER Keegan went.

 

He'd already paid in at least £70m the day he arrived which, the way I see it, was not part of the £20m a year he was always willing to bankroll us with.

 

Current debt is £111m (up to 2009) plus £25m (09/10) which means his spending over 3 seasons is (111-70)+25 = £66m or £22m per season.

 

Credit to him for sticking to his word....so far.

Didn't he put in £36m this year. I'm sure I saw that somewhere.

 

Right, here it is:

 

http://news.bbc.co.uk/sport2/hi/football/teams/n/newcastle_united/8553411.stm

[Happy Face]

 

He made the £20m a year statement AFTER Keegan went.

 

He'd already paid in at least £70m the day he arrived which the way I see it was not part of the £20m a year he was always willing to bankroll us with.

 

Current debt is £111m (up to 2009) plus £25m (09/10) which means his spending over 3 seasons is (111-70)+25 = £66m or £22m per season.

 

Credit to him for sticking to his word....so far.

 

The timing of when he said he'd put £20 million in doesn't mean that he hadn't planned to do so before that date.

 

Agreed.

 

He has kept it up though....until now.

[BottledDog]

What happens if he uses the next five years to pay back his loans?

 

Then it means we will have had a pretty impressive 5 years, successful enough to allow him to do that and still have a club. Sounds good to me.

[Happy Face]

I was just thinking, does this also spell the end of the 20 million of his own money Mike promised to put in the club on a yearly basis?

 

£20 million a year only adds up to £60 million, he's already put in much more than that.

 

He made the £20m a year statement AFTER Keegan went.

 

He'd already paid in at least £70m the day he arrived which, the way I see it, was not part of the £20m a year he was always willing to bankroll us with.

 

Current debt is £111m (up to 2009) plus £25m (09/10) which means his spending over 3 seasons is (111-70)+25 = £66m or £22m per season.

 

Credit to him for sticking to his word....so far.

Didn't he put in £36m this year. I'm sure I saw that somewhere.

 

Right, here it is:

 

http://news.bbc.co.uk/sport2/hi/football/teams/n/newcastle_united/8553411.stm

 

What Llambias said to the BBC doesn't tally with note on the accounts.

[clintdempsey]

I was just thinking, does this also spell the end of the 20 million of his own money Mike promised to put in the club on a yearly basis?

 

£20 million a year only adds up to £60 million, he's already put in much more than that.

 

He made the £20m a year statement AFTER Keegan went.

 

He'd already paid in at least £70m the day he arrived which, the way I see it, was not part of the £20m a year he was always willing to bankroll us with.

 

Current debt is £111m (up to 2009) plus £25m (09/10) which means his spending over 3 seasons is (111-70)+25 = £66m or £22m per season.

 

Credit to him for sticking to his word....so far.

Didn't he put in £36m this year. I'm sure I saw that somewhere.

 

Right, here it is:

 

http://news.bbc.co.uk/sport2/hi/football/teams/n/newcastle_united/8553411.stm

 

What Llambias said to the BBC doesn't tally with note on the accounts.

Ok.

[Guest Antec]

What happens if he uses the next five years to pay back his loans?

 

Then it means we will have had a pretty impressive 5 years, successful enough to allow him to do that and still have a club. Sounds good to me.

 

Fucking hell

[BottledDog]

What happens if he uses the next five years to pay back his loans?

 

Then it means we will have had a pretty impressive 5 years, successful enough to allow him to do that and still have a club. Sounds good to me.

 

Fucking hell

 

You disagree?

[Guest Roger Kint]

What happens if he uses the next five years to pay back his loans?

 

For gods sake

[Mick]

What happens if he uses the next five years to pay back his loans?

 

I don't think we'll make enough money for him to do that if we're hanging around the lower reaches of the league or if we get relegated again.

[Happy Face]

I was just thinking, does this also spell the end of the 20 million of his own money Mike promised to put in the club on a yearly basis?

 

£20 million a year only adds up to £60 million, he's already put in much more than that.

 

He made the £20m a year statement AFTER Keegan went.

 

He'd already paid in at least £70m the day he arrived which, the way I see it, was not part of the £20m a year he was always willing to bankroll us with.

 

Current debt is £111m (up to 2009) plus £25m (09/10) which means his spending over 3 seasons is (111-70)+25 = £66m or £22m per season.

 

Credit to him for sticking to his word....so far.

Didn't he put in £36m this year. I'm sure I saw that somewhere.

 

Right, here it is:

 

http://news.bbc.co.uk/sport2/hi/football/teams/n/newcastle_united/8553411.stm

 

What Llambias said to the BBC doesn't tally with note on the accounts.

Ok.

 

I'm not saying he's lying.  At that point he may well have put that much in for the season but later took money out of the club.

 

The total loans from Ashley stood at £112m at one point in 08/09 before ending up at £111m which suggests he does pull money out throughout the year as well as putting it in.

[Guest Antec]

What happens if he uses the next five years to pay back his loans?

 

For gods sake

 

Pipe down Kunt, adults talking here

[Mick]

Didn't he put in £36m this year. I'm sure I saw that somewhere.

 

Right, here it is:

 

http://news.bbc.co.uk/sport2/hi/football/teams/n/newcastle_united/8553411.stm

 

I'm sure Ashley has put in £25.5 million during this financial year, he might have to put in more before it comes to a close but I doubt it.

[Guest Antec]

What happens if he uses the next five years to pay back his loans?

 

I don't think we'll make enough money for him to do that if we're hanging around the lower reaches of the league or if we get relegated again.

 

You don't think?

[Mick]

 

You don't think?

 

That's what I said.

[Foluwashola]

As someone who takes absolutely no interest in club finances, I find it hard to believe that a club that will almost certainly have an average attendance of 45000+ next season, has to sell before we buy.

 

Will someone please explain in Layman's terms, why teams like Wolves, West Brom, will most likely be spending more then they receive, yet we can't. I realise we are in debt and such but was of the opinion that the majority of teams are. 

[Happy Face]

As someone who takes absolutely no interest in club finances, I find it hard to believe that a club that will almost certainly have an average attendance of 45000+ next season, has to sell before we buy.

 

Will someone please explain in Layman's terms, why teams like Wolves, West Brom, will most likely be spending more then they receive, yet we can't. I realise we are in debt and such but was of the opinion that the majority of teams are. 

 

Those clubs get promoted with a £15m wage bill.  They can afford to sign some more expensive players.

 

We've been promoted with a £35m wage bill, already a Premier League outlay.

[clintdempsey]

Didn't he put in £36m this year. I'm sure I saw that somewhere.

 

Right, here it is:

 

http://news.bbc.co.uk/sport2/hi/football/teams/n/newcastle_united/8553411.stm

 

I'm sure Ashley has put in £25.5 million during this financial year, he might have to put in more before it comes to a close but I doubt it.

 

I think it says in the accounts that he put in a further £25.5m before yearend (Dec 31 2009). Since then he has according to Llambias put in a further £5.5m for running costs, and £5.5m for transfers during January. But if that's true, who knows?

[Happy Face]

Didn't he put in £36m this year. I'm sure I saw that somewhere.

 

Right, here it is:

 

http://news.bbc.co.uk/sport2/hi/football/teams/n/newcastle_united/8553411.stm

 

I'm sure Ashley has put in £25.5 million during this financial year, he might have to put in more before it comes to a close but I doubt it.

 

I think it says in the accounts that he put in a further £25.5m before yearend (Dec 31 2009). Since then he has according to Llambias put in a further £5.5m for running costs, and £5.5m for transfers during January. But if that's true, who knows?

 

Not sure that's the case.

 

The accounts include stuff past that date, for example £3.2m spent in Jan 2010.

[STM]

Alot of that statement looked to me as if they were trying to have a dig at the national media about something.

 

When i first read it, i thought they were denying the existance of a rumoured salary cap.

 

Bloody bizzare statement.