Revolution Number 9 Posted March 29, 2011 Share Posted March 29, 2011 I'm very happy to see that. I think soon enough the collective financial penny of football is going to drop and these clubs that spend big and beyond their means will start dropping like flies, but hopefully we'll be in a strong position to move forward while they all struggle to stay afloat. I just hope he realises that we also need to look at strengthening for the here and now Link to post Share on other sites More sharing options...
quayside Posted March 29, 2011 Share Posted March 29, 2011 The accounts aren't showing as filed yet, I guess Pardew means they are being filed today. There is always a delay after filing before they become available. Based on the figures from Ashley's holding company (see OP) I don't think there will be any great surprises revealed. The club has not made any money so there is no chance that the Ashley debt is going to be down to £17m unless either he has converted a lot of it into equity or he has written a lot of it off. Link to post Share on other sites More sharing options...
madras Posted March 29, 2011 Share Posted March 29, 2011 I'm very happy to see that. I think soon enough the collective financial penny of football is going to drop and these clubs that spend big and beyond their means will start dropping like flies, but hopefully we'll be in a strong position to move forward while they all struggle to stay afloat. I just hope he realises that we also need to look at strengthening for the here and now if true it'll be interesting to see the direction the club then takes, build or will he start taking money out as repayment ? Link to post Share on other sites More sharing options...
Revolution Number 9 Posted March 29, 2011 Share Posted March 29, 2011 I'm very happy to see that. I think soon enough the collective financial penny of football is going to drop and these clubs that spend big and beyond their means will start dropping like flies, but hopefully we'll be in a strong position to move forward while they all struggle to stay afloat. I just hope he realises that we also need to look at strengthening for the here and now if true it'll be interesting to see the direction the club then takes, build or will he start taking money out as repayment ? I'd much rather have a debt to the owner, than to any third party, in any case. Link to post Share on other sites More sharing options...
Punk77 Posted March 29, 2011 Share Posted March 29, 2011 I'm very happy to see that. I think soon enough the collective financial penny of football is going to drop and these clubs that spend big and beyond their means will start dropping like flies, but hopefully we'll be in a strong position to move forward while they all struggle to stay afloat. I just hope he realises that we also need to look at strengthening for the here and now Link to post Share on other sites More sharing options...
Matt Posted March 29, 2011 Share Posted March 29, 2011 The accounts aren't showing as filed yet, I guess Pardew means they are being filed today. There is always a delay after filing before they become available. Based on the figures from Ashley's holding company (see OP) I don't think there will be any great surprises revealed. The club has not made any money so there is no chance that the Ashley debt is going to be down to £17m unless either he has converted a lot of it into equity or he has written a lot of it off. Exactly- reducing debt levels is hardly impressive when it is little more than the flick of a pen! Link to post Share on other sites More sharing options...
Pilko Posted March 29, 2011 Share Posted March 29, 2011 Official site has them now. Prepare to be bored shitless. Link to post Share on other sites More sharing options...
midds Posted March 29, 2011 Share Posted March 29, 2011 Quite looking forward to them tbh. I like knowing either how bad/good it's been. FACTS ftw. Link to post Share on other sites More sharing options...
Interpolic Posted March 29, 2011 Share Posted March 29, 2011 Official site has them now. Prepare to be bored shitless. Might avoid N-O for a few days like. Link to post Share on other sites More sharing options...
Dave Posted March 29, 2011 Share Posted March 29, 2011 Official site has them now. Prepare to be bored shitless. As midds said, I'm still interested even if I won't be having a tommy tank like Punk77. Link to post Share on other sites More sharing options...
Disco Posted March 29, 2011 Share Posted March 29, 2011 Aye I'm strictly a read and no comment. Link to post Share on other sites More sharing options...
Anderson Posted March 29, 2011 Share Posted March 29, 2011 NOTW were a bit off with 'reduced debts to £17m'. That was the amount we lost. Link to post Share on other sites More sharing options...
sparkzter Posted March 29, 2011 Share Posted March 29, 2011 Well let the tearing apart of the figures begin! Link to post Share on other sites More sharing options...
Dave Posted March 29, 2011 Share Posted March 29, 2011 Wages to Turnover % - 90.6% Cool. Link to post Share on other sites More sharing options...
sparkzter Posted March 29, 2011 Share Posted March 29, 2011 Crazy eh the wages to turnover figure! good job we got straight outta the fizzy pop league first time! Link to post Share on other sites More sharing options...
Interpolic Posted March 29, 2011 Share Posted March 29, 2011 Wages to Turnover % - 90.6% Cool. Can't deny the progress. (Yes, I know we were in the Championship and this will hopefully be my third last contribution in this thread). Link to post Share on other sites More sharing options...
ChrisMcQuillan Posted March 29, 2011 Share Posted March 29, 2011 "All loans from Mike Ashley, which totalled £139.8 million at the year-end, have been and remain interest free. In addition, the owner advanced a further £13 million to the club to finance the amounts due from other football clubs in respect of the transfer of players' registrations." Does that sound to anyone else like the further £13m doesn't need to be paid back? Link to post Share on other sites More sharing options...
Ash Posted March 29, 2011 Share Posted March 29, 2011 Wages to Turnover % - 90.6% Cool. At least the 10/11 figures will be hugely different to that due to the increased turnover. From a positive view, it's nice to see our wage bill at what I'd say was an acceptable level. Link to post Share on other sites More sharing options...
Dave Posted March 29, 2011 Share Posted March 29, 2011 So am I right in saying between the end of those accounts - with our wage bill at £47.5m - and now the squad changes in terms of wages were just those made over the summer and this January? Which would be (these are only the senior players): Out Pancrate Butt Hall Carroll Xisco Routledge In Perch Gosling Campbell Tiote Ben Arfa Ireland (?) Kuqi Link to post Share on other sites More sharing options...
ChrisMcQuillan Posted March 29, 2011 Share Posted March 29, 2011 Missing Routledge out. Link to post Share on other sites More sharing options...
Dave Posted March 29, 2011 Share Posted March 29, 2011 Missing Routledge out. That was January 2010, included in these accounts. Edit - ah, I see what you mean. Link to post Share on other sites More sharing options...
Interpolic Posted March 29, 2011 Share Posted March 29, 2011 OK, why the fuck were 'Other Expenses' £26.9m in both 08/09 and 09/10? Link to post Share on other sites More sharing options...
Anderson Posted March 29, 2011 Share Posted March 29, 2011 "All loans from Mike Ashley, which totalled £139.8 million at the year-end, have been and remain interest free. In addition, the owner advanced a further £13 million to the club to finance the amounts due from other football clubs in respect of the transfer of players' registrations." Does that sound to anyone else like the further £13m doesn't need to be paid back? Didn't quite understand it but, does "amounts due from other football clubs in respect of the transfer of players' registrations" not mean he put in £13m to cover transfer fees we're owed but yet to receive? If it was £13m he'd put in for buying players surely it would be 'amounts due to..'. Link to post Share on other sites More sharing options...
Dave Posted March 29, 2011 Share Posted March 29, 2011 "All loans from Mike Ashley, which totalled £139.8 million at the year-end, have been and remain interest free. In addition, the owner advanced a further £13 million to the club to finance the amounts due from other football clubs in respect of the transfer of players' registrations." Does that sound to anyone else like the further £13m doesn't need to be paid back? Didn't quite understand it but, does "amounts due from other football clubs in respect of the transfer of players' registrations" not mean he put in £13m to cover transfer fees we're owed but yet to receive? If it was £13m he'd put in for buying players surely it would be 'amounts due to..'. That's the way I read it. He subsidised clubs not wanting to go with his stupid pay everything up front policy by loaning us it first? Link to post Share on other sites More sharing options...
Dave Posted March 29, 2011 Share Posted March 29, 2011 From the Mail: Managing director Derek Llambias said: 'Mike Ashley's money has kept this club buoyant. Quite honestly Newcastle United would not be here without him, its as simple as that. 'He has never taken a penny out of the football club but he knows what he has to put in every year and he is keen to grow it. He knows where we want to be and where we should be in four or five years time. 'But we are a very tight unit here and a much better unit than we have been previously. At the end of the day Mike is a football fan, a Newcastle fan and he loves coming here. 'We are starting to get the stability we need into the football club both financially and within the squad. That stability is one of our most important goals. 'That would give us the security that the club and the playing side needs. We need to get that stability back here, including on the managerial side. 'Our vision for the club is to finish 10th or above every year, year after year. That is our target, we want to be challenging for Europe every single year.' Link to post Share on other sites More sharing options...
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