BottledDog Posted December 14, 2010 Share Posted December 14, 2010 Newcastle United's Finances In Black And White - http://swissramble.blogspot.com/2010/12/newcastle-uniteds-finances-in-black-and.html Pretty impressive/depressing article. Link to post Share on other sites More sharing options...
Parky Posted December 14, 2010 Share Posted December 14, 2010 Everyone should read that. Link to post Share on other sites More sharing options...
AlanSkÃrare Posted December 14, 2010 Share Posted December 14, 2010 One of the best football related blogs around. Great read. Link to post Share on other sites More sharing options...
Ronaldo Posted December 14, 2010 Share Posted December 14, 2010 Good read. Link to post Share on other sites More sharing options...
Dave Posted December 14, 2010 Share Posted December 14, 2010 tl;wrl Link to post Share on other sites More sharing options...
mouldy_uk Posted December 14, 2010 Share Posted December 14, 2010 Summary please Link to post Share on other sites More sharing options...
Kaizero Posted December 14, 2010 Share Posted December 14, 2010 Summary please Ashley's a cunt with no idea what he's doing. Link to post Share on other sites More sharing options...
BottledDog Posted December 14, 2010 Share Posted December 14, 2010 One of the best football related blogs around. Great read. Manages to set everything out plainly and without any overbearing bias, and despite the debt etc, it does somehow leave me feeling a smidge positive about the direction we're taking too, which is a fairly surprising bonus. Never read his blog before... will have a look over some of the other posts when I get a chance. Link to post Share on other sites More sharing options...
Guest ObiChrisKenobi Posted December 14, 2010 Share Posted December 14, 2010 Summary please We lose loads of money every season from player wages, selling players at a lower value than we buy them for, and sacking our managers. Link to post Share on other sites More sharing options...
David Icke - Son of God Posted December 14, 2010 Share Posted December 14, 2010 Summary please Ashley saved us from the financial abyss left by Shepherd and Hall but still has no fucking idea how to run a club. Link to post Share on other sites More sharing options...
Hudson Posted December 14, 2010 Share Posted December 14, 2010 So are the halls and Shepards After years of rank bad management, they left the club in an appalling mess: a £30 million loss; £70 million of debt plus £27 million owing transfer fees; extremely limited borrowing capacity, as all assets and income streams had already been used to secure loans; and a bloated wage bill of aging mercenaries on generous long-term contracts. Link to post Share on other sites More sharing options...
pinkeye Posted December 14, 2010 Share Posted December 14, 2010 Very interesting insight into how our club is running. No doubt that while Ashley is making huge errors in judgement he is a pretty astute business man and has a clear plan to take this club out of deby, albeit most of the debt is now owed to him personally - the fact that this is interst free is helping the club recover from years of being run so badly. It is clear that without Ashley we would be as good as insolvent. The only way we could survive without this man at the helm is for some uber wealthy idiot to come along and plough in millions and I mean 100's of millions into the club in the vain hope of receiving some sort of entertainment in return. It will be quite some time, if ever at all before we are the type of club that attracts wealth in the same way as clubs like Man Utd and Chelsea can. Link to post Share on other sites More sharing options...
Guest ObiChrisKenobi Posted December 14, 2010 Share Posted December 14, 2010 Where Newcastle do score very highly is in gate receipts, thanks to their impressively large and loyal support. Although this has fallen from £35 million in 2005 to £29 million in 2009, this was unbelievably still the tenth highest of the Money League clubs, superior to Milan, Inter, Lyon and Borussia Dortmund among others. Be proud lads. Link to post Share on other sites More sharing options...
David Icke - Son of God Posted December 14, 2010 Share Posted December 14, 2010 The final paragraph sums the situation and I imagine the opinions of a lot of fans up quite well: The tragedy for Mike Ashley is that he could so easily have been a hero to the Newcastle faithful, having sunk so much of his own money into the club, but as Freddy Shepherd acidly observed, “Anybody can buy a football club, not everybody can run one.” Leaving aside the slightly unreliable provenance of the quote, especially as Ashley has had to fix the financial mess that he inherited from his predecessors, the man does have a point. As Ashley himself has admitted, “I tried my best, but I accept that my best was woefully short.” Even after Newcastle’s victory over Liverpool at the weekend, it’s difficult to believe that many of their fans would disagree with him. Link to post Share on other sites More sharing options...
Stu Posted December 14, 2010 Share Posted December 14, 2010 Brief Summary: Despite his crass behaviour, there is no doubt that Mike Ashley has put his hand in his pocket to keep the club going. The unpalatable truth is that Newcastle United are heavily reliant on the support of their charmless owner. Link to post Share on other sites More sharing options...
ponsaelius Posted December 14, 2010 Share Posted December 14, 2010 Very good read. Ashley's still a cunt thar. Link to post Share on other sites More sharing options...
Guest je85 Posted December 14, 2010 Share Posted December 14, 2010 One of my favourite blogs, can get a little heavy mind. Link to post Share on other sites More sharing options...
Mick Posted December 14, 2010 Share Posted December 14, 2010 Ashley saved us from the financial abyss left by Shepherd and Hall but still has no f***ing idea how to run a club. You've got it in one line. Link to post Share on other sites More sharing options...
relámpago blanco Posted December 14, 2010 Share Posted December 14, 2010 Brief Summary: Despite his crass behaviour, there is no doubt that Mike Ashley has put his hand in his pocket to keep the club going. The unpalatable truth is that Newcastle United are heavily reliant on the support of their charmless owner. What about all the profit he's made from transfers. Link to post Share on other sites More sharing options...
IceMag Posted December 14, 2010 Share Posted December 14, 2010 That article pretty much confirms that Fat Freddy was a cunt who didn't have a clue about how to run a football club. Ashley has at least sorted out the money side of things, while cocking up pretty much everything else. Link to post Share on other sites More sharing options...
OzzieMandias Posted December 14, 2010 Share Posted December 14, 2010 Brief Summary: Despite his crass behaviour, there is no doubt that Mike Ashley has put his hand in his pocket to keep the club going. The unpalatable truth is that Newcastle United are heavily reliant on the support of their charmless owner. What about all the profit he's made from transfers. Link to post Share on other sites More sharing options...
quayside Posted December 14, 2010 Share Posted December 14, 2010 Brief Summary: Despite his crass behaviour, there is no doubt that Mike Ashley has put his hand in his pocket to keep the club going. The unpalatable truth is that Newcastle United are heavily reliant on the support of their charmless owner. What about all the profit he's made from transfers. I assume that's a piss take Link to post Share on other sites More sharing options...
Unbelievable Posted December 14, 2010 Share Posted December 14, 2010 That article pretty much confirms that Fat Freddy was a c*** who didn't have a clue about how to run a football clubbusiness. Ashley has at least sorted out the money side of things, while cocking up pretty much everything elsefootball related. FYP Link to post Share on other sites More sharing options...
LesPaul Posted December 14, 2010 Share Posted December 14, 2010 Where Newcastle do score very highly is in gate receipts, thanks to their impressively large and loyal support. Although this has fallen from £35 million in 2005 to £29 million in 2009, this was unbelievably still the tenth highest of the Money League clubs, superior to Milan, Inter, Lyon and Borussia Dortmund among others. Be proud lads. BUT WE HAND OUT FREE TICKETS!!!111!!1!!11! Link to post Share on other sites More sharing options...
Guest ObiChrisKenobi Posted December 14, 2010 Share Posted December 14, 2010 Where Newcastle do score very highly is in gate receipts, thanks to their impressively large and loyal support. Although this has fallen from £35 million in 2005 to £29 million in 2009, this was unbelievably still the tenth highest of the Money League clubs, superior to Milan, Inter, Lyon and Borussia Dortmund among others. Be proud lads. BUT WE HAND OUT FREE TICKETS!!!111!!1!!11! It does go on to say that our attendance figures have dropped from 51k to 43k like. Link to post Share on other sites More sharing options...
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