Skirge Posted August 21, 2013 Share Posted August 21, 2013 PSG are willing to pay up to €23.5m for Newcastle United midfielder Yohan Cabaye. (The Independant) # If they are willing to pay that then that's the fee Link to post Share on other sites More sharing options...
r0cafella Posted August 21, 2013 Share Posted August 21, 2013 No expectation at all that we'd spend the entire amount, you'd be mad to expect it. Expect? No certainly not. Fat Mike has succeeded in lowering my expectations so much I don't. I'd love to know where the money does go though. Doesn't take much to find out. £1 iirc. I've seen the accounts but that's not the point I'm making. My question was meant to be more along the lines of why don't we have anything to spend this summer? We'll never know of course, If the club came out and said we aren't buying anyone this summer season ticket sales would plummet. Eh? Surely the accounts will give a fair indication whether we actually had decent wedge to spend this summer when they come out? If not, then they'll show the money must have instead gone to pay off debt, wages, or something else. It doesn't just disappear. "The debt" is is owed to Ashley. The Loans are payable on demand but whilst Ashley owns the club it makes no sense for him to "repay" these loans as in order to do so He'd have to take a loan out against the club which would bear interest. If Ashley intends to repay the debt and neglect the team I'm sure we'd all prefer to be told because by not saying he's basically obtaining money by deception. Link to post Share on other sites More sharing options...
Disco Posted August 21, 2013 Share Posted August 21, 2013 Get French Football @GFN_France 14m Arsenal will submit another offer for Cabaye by the end of the day, we are looking at €17m including bonuses. #AFC #PSG #NUFC Get French Football @GFN_France 18m The Independent: Several Newcastle representatives have today flown to Paris to complete Yohan Cabaye's move to PSG this week they say. #PSG Link to post Share on other sites More sharing options...
Guest icemanblue Posted August 21, 2013 Share Posted August 21, 2013 Arsenal fans probably sound a lot like us, at the minute. Probably a bit more 'urban', but, y'know. Link to post Share on other sites More sharing options...
alexf Posted August 21, 2013 Share Posted August 21, 2013 All seems the wrong way round. Surely the buying club should be the ones flying in to talk to us not the other way round? Link to post Share on other sites More sharing options...
hoppaz Posted August 21, 2013 Share Posted August 21, 2013 All seems the wrong way round. Surely the buying club should be the ones flying in to talk to us not the other way round? I expect we'll be trying to buy players out there too. Link to post Share on other sites More sharing options...
BottledDog Posted August 21, 2013 Share Posted August 21, 2013 Get French Football @GFN_France 14m Arsenal will submit another offer for Cabaye by the end of the day, we are looking at €17m including bonuses. #AFC #PSG #NUFC Get French Football @GFN_France 18m The Independent: Several Newcastle representatives have today flown to Paris to complete Yohan Cabaye's move to PSG this week they say. #PSG This would be the perfect scenario for me (bar him staying). Arsenal keep submitting bids. We've already sold him overseas for silly money. Link to post Share on other sites More sharing options...
r0cafella Posted August 21, 2013 Share Posted August 21, 2013 No expectation at all that we'd spend the entire amount, you'd be mad to expect it. Expect? No certainly not. Fat Mike has succeeded in lowering my expectations so much I don't. I'd love to know where the money does go though. Doesn't take much to find out. £1 iirc. I've seen the accounts but that's not the point I'm making. My question was meant to be more along the lines of why don't we have anything to spend this summer? We'll never know of course, If the club came out and said we aren't buying anyone this summer season ticket sales would plummet. Eh? Surely the accounts will give a fair indication whether we actually had decent wedge to spend this summer when they come out? If not, then they'll show the money must have instead gone to pay off debt, wages, or something else. It doesn't just disappear. "The debt" is is owed to Ashley. The Loans are payable on demand but whilst Ashley owns the club it makes no sense for him to "repay" these loans as in order to do so He'd have to take a loan out against the club which would bear interest. If Ashley intends to repay the debt and neglect the team I'm sure we'd all prefer to be told because by not saying he's basically obtaining money by deception. He's not like. It's his company, he owns it (sole shareholder). He would only be deceiving himself. He's taking money from the fans too. Link to post Share on other sites More sharing options...
Skirge Posted August 21, 2013 Share Posted August 21, 2013 I think its near enough done but will try to keep it hush hush until we can announce new signings in to smooth over the selling of Dreamboat. Link to post Share on other sites More sharing options...
Skirge Posted August 21, 2013 Share Posted August 21, 2013 Get French Football @GFN_France 11m READ: 2nd #AFC bid for Cabaye still below asking price?: http://www.getfootballnewsfrance.com/2013/arsenal-to-make-second-bid-for-cabaye/ … #AFC #NUFC Expand Link to post Share on other sites More sharing options...
r0cafella Posted August 21, 2013 Share Posted August 21, 2013 Your sentiment is bang on but the harsh reality is the fan's are spending their money on his business. That's their prerogative. Any money coming into NUFC belongs to Ashley alone by virtue of his shareholding. I'm not questioning the legality of what he's doing, but from a ethical and moral point of view it's reprehensible. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted August 21, 2013 Share Posted August 21, 2013 Your sentiment is bang on but the harsh reality is the fan's are spending their money on his business. That's their prerogative. Any money coming into NUFC belongs to Ashley alone by virtue of his shareholding. I'm not questioning the legality of what he's doing, but from a ethical and moral point of view it's reprehensible. Debatable. Firstly the amount that income from gate receipts would drop if he said "I plan on taking debt repayments for the next 10 years" is probably quite small. Also, he paid of debt that was in danger of becoming very damaging to the club. I'm not saying that debt repayments should override any other spending obviously, the balance has to be right. Link to post Share on other sites More sharing options...
Guest Phil K Posted August 21, 2013 Share Posted August 21, 2013 Arsenal fans probably sound a lot like us, at the minute. Probably a bit more 'urban', but, y'know. Usual fans - some are seriously embarrassed at Wengers insulting valuation of Cabaye, and his timing, some are desperate for any quality. None so far, unlike Man U fans or Liverpool fans - seem to think they are ENTITLED to get any player they want. Your sentiment is bang on but the harsh reality is the fan's are spending their money on his business. That's their prerogative. Any money coming into NUFC belongs to Ashley alone by virtue of his shareholding. The baffling thing is though - would he bring such appalling personnel for management as the likes of Pardew and Kinnear for running Sports Direct ? Like hell he would. So why does he get "low" wage low talent people here ? Link to post Share on other sites More sharing options...
r0cafella Posted August 21, 2013 Share Posted August 21, 2013 Your sentiment is bang on but the harsh reality is the fan's are spending their money on his business. That's their prerogative. Any money coming into NUFC belongs to Ashley alone by virtue of his shareholding. I'm not questioning the legality of what he's doing, but from a ethical and moral point of view it's reprehensible. Debatable. Firstly the amount that income from gate receipts would drop if he said "I plan on taking debt repayments for the next 10 years" is probably quite small. Also, he paid of debt that was in danger of becoming very damaging to the club. I'm not saying that debt repayments should override any other spending obviously, the balance has to be right. And as i said By Ashley not coming out and saying He's no intentions of spending or stating the budget is this amount is he deceiving the fans. I'd call him an accessory but he's clearly the instigator. Link to post Share on other sites More sharing options...
BottledDog Posted August 21, 2013 Share Posted August 21, 2013 Your sentiment is bang on but the harsh reality is the fan's are spending their money on his business. That's their prerogative. Any money coming into NUFC belongs to Ashley alone by virtue of his shareholding. I'm not questioning the legality of what he's doing, but from a ethical and moral point of view it's reprehensible. Paying off club debt at a similar rate to that which we'd only be servicing the interest on them if they were from banks is reprehensible? Really? I'd fucking love for the cash to be splashed on signings. As a supporter, the team we end up with is the most important thing, but as long as we have a decent side at the end of the window, him clearing some of the debt doesn't seem that ethically reprehensible or morally bankrupt in the scheme of things to me. Link to post Share on other sites More sharing options...
r0cafella Posted August 21, 2013 Share Posted August 21, 2013 Your sentiment is bang on but the harsh reality is the fan's are spending their money on his business. That's their prerogative. Any money coming into NUFC belongs to Ashley alone by virtue of his shareholding. I'm not questioning the legality of what he's doing, but from a ethical and moral point of view it's reprehensible. Paying off club debt at a similar rate to that which we'd only be servicing the interest on them if they were from banks is reprehensible? Really? I'd f***ing love for the cash to be splashed on signings. As a supporter, the team we end up with is the most important thing, but as long as we have a decent side at the end of the window, him clearing some of the debt doesn't seem that ethically reprehensible or morally bankrupt in the scheme of things. You're twisting my words sir. If his intention is to pay off the debt and neglect the squad in process I feel that he should inform the fans and not pull the wool over our eyes by having his cronies say we are going to buy 3 strikers etc. Link to post Share on other sites More sharing options...
biggs Posted August 21, 2013 Share Posted August 21, 2013 Arsenal fans probably sound a lot like us, at the minute. Probably a bit more 'urban', but, y'know. rather be in there position tbh ,at least there manager knows what he is doing football wise Link to post Share on other sites More sharing options...
Super Duper Branko Strupar Posted August 21, 2013 Share Posted August 21, 2013 Arsenal fans probably sound a lot like us, at the minute. Probably a bit more 'urban', but, y'know. And with a lot gayer hair. Link to post Share on other sites More sharing options...
BottledDog Posted August 21, 2013 Share Posted August 21, 2013 Your sentiment is bang on but the harsh reality is the fan's are spending their money on his business. That's their prerogative. Any money coming into NUFC belongs to Ashley alone by virtue of his shareholding. I'm not questioning the legality of what he's doing, but from a ethical and moral point of view it's reprehensible. Paying off club debt at a similar rate to that which we'd only be servicing the interest on them if they were from banks is reprehensible? Really? I'd f***ing love for the cash to be splashed on signings. As a supporter, the team we end up with is the most important thing, but as long as we have a decent side at the end of the window, him clearing some of the debt doesn't seem that ethically reprehensible or morally bankrupt in the scheme of things. You're twisting my words sir. If his intention is to pay off the debt and neglect the squad in process I feel that he should inform the fans and not pull the wool over our eyes by having his cronies say we are going to buy 3 strikers etc. He hasn't promised us anything in terms of players, but I think we can all agree that if we exit the window another man down and pretty much sod all in then Kinnear, and even more so Ashley, will deserve a good kicking. Whether we are paying off debt or not at that point doesn't really matter. Link to post Share on other sites More sharing options...
Shush Posted August 21, 2013 Share Posted August 21, 2013 Keeping on to our better players was one of the few things I was hopeful of this window. It sort of netted out the need to bring someone in for CM position. I guess in some ways with Sissoko and Anita available to partner Tiote we could be ok to start with, but beyond that we don't have much. We seem to struggle to part with cash at the best of times given that we badly need another striker and potentially a left midfielder, adding the need for a CM with 10 days left of the transfer window is bit of a disaster. Be interesting to hear what Kinnear's got to say if this goes south. I'm sure our only targets are not just Bent and Gomis since apart from Remy. Link to post Share on other sites More sharing options...
tmonkey Posted August 21, 2013 Share Posted August 21, 2013 Being a bit dim here no doubt, but I don't get business sometimes. Let's say Ashley bought NUFC for £150m. That £150m was paid to the shareholders at the time (Hall/Shepherd/other shareholders). Am I reading things right in that Ashley has attached that £150m to the club as a debt owed to him? If so, how does that even work? I'd understand if he'd just straight up purchased debentures or preference shares from NUFC, and therefore the club owed him money (for receiving his £150m), but how does NUFC owe Ashley the cost of him buying NUFC's shares? It's not like the money went into the club. Or is it a weird technicality where instead of shares+goodwill worth £150m, he has shares worth £1 and £150m in a loan? If it's this, why do it like this - to avoid amortization of goodwill? Confusing as f***. Link to post Share on other sites More sharing options...
timeEd32 Posted August 21, 2013 Share Posted August 21, 2013 All seems the wrong way round. Surely the buying club should be the ones flying in to talk to us not the other way round? The other day I saw a tweet about Roma's people flying to London to discuss Lamela with Spurs. The whole business is backwards. Link to post Share on other sites More sharing options...
r0cafella Posted August 21, 2013 Share Posted August 21, 2013 Being a bit dim here no doubt, but I don't get business sometimes. Let's say Ashley bought NUFC for £150m. That £150m was paid to the shareholders at the time (Hall/Shepherd/other shareholders). Am I reading things right in that Ashley has attached that £150m to the club as a debt owed to him? If so, how does that even work? I'd understand if he'd just straight up purchased debentures or preference shares from NUFC, and therefore the club owed him money (for receiving his £150m), but how does NUFC owe Ashley the cost of him buying NUFC's shares? It's not like the money went into the club and it used it. Confusing as f***. No, He's just refusing to take a loss on what he paid by setting his asking price accordingly. Link to post Share on other sites More sharing options...
Decky Posted August 21, 2013 Share Posted August 21, 2013 Being a bit dim here no doubt, but I don't get business sometimes. Let's say Ashley bought NUFC for £150m. That £150m was paid to the shareholders at the time (Hall/Shepherd/other shareholders). Am I reading things right in that Ashley has attached that £150m to the club as a debt owed to him? If so, how does that even work? I'd understand if he'd just straight up purchased debentures or preference shares from NUFC, and therefore the club owed him money (for receiving his £150m), but how does NUFC owe Ashley the cost of him buying NUFC's shares? It's not like the money went into the club. Or is it a weird technicality where instead of shares+goodwill worth £150m, he has shares worth £1 and £150m in a loan? If it's this, why do it like this - to avoid amortization of goodwill? Confusing as f***. IIRC Ashley paid off the clubs debt and that is what the club owes him. Link to post Share on other sites More sharing options...
Guest bimpy474 Posted August 21, 2013 Share Posted August 21, 2013 Being a bit dim here no doubt, but I don't get business sometimes. Let's say Ashley bought NUFC for £150m. That £150m was paid to the shareholders at the time (Hall/Shepherd/other shareholders). Am I reading things right in that Ashley has attached that £150m to the club as a debt owed to him? If so, how does that even work? I'd understand if he'd just straight up purchased debentures or preference shares from NUFC, and therefore the club owed him money (for receiving his £150m), but how does NUFC owe Ashley the cost of him buying NUFC's shares? It's not like the money went into the club. Or is it a weird technicality where instead of shares+goodwill worth £150m, he has shares worth £1 and £150m in a loan? If it's this, why do it like this - to avoid amortization of goodwill? Confusing as f***. IIRC Ashley paid off the clubs debt and that is what the club owes him. Correct and it's held interest free. And we owe him so much for that Link to post Share on other sites More sharing options...
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