alexf Posted November 21, 2013 Share Posted November 21, 2013 Sorry, it was just a link off newsnow so not sure if it's credible. http://www.nufcblog.org/2013/11/what-is-newcastle-uniteds-498000-payment-to-sports-direct-for/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-newcastle-uniteds-498000-payment-to-sports-direct-for#.Uo4ojMS-18E Link to post Share on other sites More sharing options...
Benwell Lad Posted November 21, 2013 Share Posted November 21, 2013 I think the article misses a few points regarding the real value of the asset. The complementary fit it has with Ashley's core interests make it a lot more valuable to him than simply adding those two figures together. Also the perceived hostility to outsiders, whatever you think about Ashley he is the first ever person to put substantial amounts of capital into the club yet he is still widely loathed, may make any billionaire think twice about buying the club as a "play thing". Interesting to see the notions of Newcastle being either poor or remote being debunked. Parts of the NE may have economic problems but any visitor to SJP and Newcastle would probably leave with the impression of a well off and very vibrant city. We may be further in miles from the metropolis but it's still much easier to get to than most other places in the UK. Two trains an hour centre to centre, the quickest of which does the journey in 2 hours 50 minutes, regular flights to an airport 10 minutes from the city centre and regular direct flights to other European centres and the Middle East make us anything but remote. Link to post Share on other sites More sharing options...
BottledDog Posted November 21, 2013 Share Posted November 21, 2013 Sorry, it was just a link off newsnow so not sure if it's credible. http://www.nufcblog.org/2013/11/what-is-newcastle-uniteds-498000-payment-to-sports-direct-for/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-newcastle-uniteds-498000-payment-to-sports-direct-for#.Uo4ojMS-18E Happy to accept it as legit, but until we know what it's for (which I can't imagine we'll find out anytime soon/ever) then can't say it bothers me. /Unless it is for mugs. Fuck me man, fair enough it's useful crockery and that, but howay, £500,000!!! Link to post Share on other sites More sharing options...
ikri Posted November 21, 2013 Share Posted November 21, 2013 I'm sure there's some tax avoidance scam going on here, minimising incomes to make it appear that the club's losing money. Link to post Share on other sites More sharing options...
Benwell Lad Posted November 21, 2013 Share Posted November 21, 2013 Sorry, it was just a link off newsnow so not sure if it's credible. http://www.nufcblog.org/2013/11/what-is-newcastle-uniteds-498000-payment-to-sports-direct-for/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-newcastle-uniteds-498000-payment-to-sports-direct-for#.Uo4ojMS-18E Happy to accept it as legit, but until we know what it's for (which I can't imagine we'll find out anytime soon/ever) then can't say it bothers me. /Unless it is for mugs. Fuck me man, fair enough it's useful crockery and that, but howay, £500,000!!! Who knows, but while the blurred lines between NUFC and SD marketing has been used as ammunition against Ashley, it MAY be the case that the NUFC business is benefitting from using another company's system to save making substantial investment in their own. As is normally the case a fee would be payable. Not saying this IS the case but it could explain it ?? Link to post Share on other sites More sharing options...
Guest Roger Kint Posted November 21, 2013 Share Posted November 21, 2013 Well based on the limited wording under that table which the blog doesnt seem to have bothered reading its likely to be this: 'mike ashley leased certain properties to various companies in the group which operated as retail and distribution premises. a commercial rent is charged in respect of these leases. ' Does he use any SD shops(or parts of them) for NUFC Club Shops or anything? Link to post Share on other sites More sharing options...
BottledDog Posted November 21, 2013 Share Posted November 21, 2013 Well based on the limited wording under that table which the blog doesnt seem to have bothered reading its likely to be this: 'mike ashley leased certain properties to various companies in the group which operated as retail and distribution premises. a commercial rent is charged in respect of these leases. ' Does he use any SD shops(or parts of them) for NUFC Club Shops or anything? Ha, sounds suspiciously like Shepherd brothers shed scenario. Could be now storing merchandising stock in SD facilities to be fair. Would make sense for them and us, especially if the online sales are being handled and distributed via the Sports Direct system. Link to post Share on other sites More sharing options...
Guest Roger Kint Posted November 21, 2013 Share Posted November 21, 2013 Well based on the limited wording under that table which the blog doesnt seem to have bothered reading its likely to be this: 'mike ashley leased certain properties to various companies in the group which operated as retail and distribution premises. a commercial rent is charged in respect of these leases. ' Does he use any SD shops(or parts of them) for NUFC Club Shops or anything? Ha, sounds suspiciously like Shepherd brothers shed scenario. Could be now storing merchandising stock in SD facilities to be fair. Would make sense for them and us, especially if the online sales are being handled and distributed via the Sports Direct system. The most likely answer. Link to post Share on other sites More sharing options...
Mick Posted November 21, 2013 Share Posted November 21, 2013 Happy to accept it as legit, but until we know what it's for (which I can't imagine we'll find out anytime soon/ever) then can't say it bothers me. /Unless it is for mugs. f*** me man, fair enough it's useful crockery and that, but howay, £500,000!!! Ostrich. Link to post Share on other sites More sharing options...
Guest neesy111 Posted November 21, 2013 Share Posted November 21, 2013 Well based on the limited wording under that table which the blog doesnt seem to have bothered reading its likely to be this: 'mike ashley leased certain properties to various companies in the group which operated as retail and distribution premises. a commercial rent is charged in respect of these leases. ' Does he use any SD shops(or parts of them) for NUFC Club Shops or anything? NUFC are now using Sports Direct warehouses to hold NUFC stock for NUFC Direct after the lease/contract of the warehouse in Team Valley expired. Link to post Share on other sites More sharing options...
Guest Roger Kint Posted November 21, 2013 Share Posted November 21, 2013 Well based on the limited wording under that table which the blog doesnt seem to have bothered reading its likely to be this: 'mike ashley leased certain properties to various companies in the group which operated as retail and distribution premises. a commercial rent is charged in respect of these leases. ' Does he use any SD shops(or parts of them) for NUFC Club Shops or anything? NUFC are now using Sports Direct warehouses to hold NUFC stock for NUFC Direct after the lease/contract of the warehouse in Team Valley expired. There we go then Link to post Share on other sites More sharing options...
Guest icemanblue Posted November 21, 2013 Share Posted November 21, 2013 Happy to accept it as legit, but until we know what it's for (which I can't imagine we'll find out anytime soon/ever) then can't say it bothers me. /Unless it is for mugs. f*** me man, fair enough it's useful crockery and that, but howay, £500,000!!! Ostrich. 'Ostriches are known to bury their heads deep into the sand, searching for facts, before making judgements. This it at odds with the common old man, who prefer to jump to the most negative conclusion, almost immediately. As a result, the ostrich looks a lot less silly than the old man.' - Science Link to post Share on other sites More sharing options...
NG32 Posted November 21, 2013 Share Posted November 21, 2013 :lol: Link to post Share on other sites More sharing options...
Guest Roger Kint Posted November 21, 2013 Share Posted November 21, 2013 Link to post Share on other sites More sharing options...
Guest neesy111 Posted November 21, 2013 Share Posted November 21, 2013 Happy to accept it as legit, but until we know what it's for (which I can't imagine we'll find out anytime soon/ever) then can't say it bothers me. /Unless it is for mugs. f*** me man, fair enough it's useful crockery and that, but howay, £500,000!!! Ostrich. 'Ostriches are known to bury their heads deep into the sand, searching for facts, before making judgements. This it at odds with the common old man, who prefer to jump to the most negative conclusion, almost immediately. As a result, the ostrich looks a lot less silly than the old man.' - Science I'd say get a life tbh. Link to post Share on other sites More sharing options...
BlueStar Posted November 21, 2013 Share Posted November 21, 2013 Happy to accept it as legit, but until we know what it's for (which I can't imagine we'll find out anytime soon/ever) then can't say it bothers me. /Unless it is for mugs. f*** me man, fair enough it's useful crockery and that, but howay, £500,000!!! Ostrich. 'Ostriches are known to bury their heads deep into the sand, searching for facts, before making judgements. This it at odds with the common old man, who prefer to jump to the most negative conclusion, almost immediately. As a result, the ostrich looks a lot less silly than the old man.' - Science Contrary to popular belief, ostriches do not bury their heads in the sand. The old saw probably originates with one of the bird's defensive behaviors. At the approach of trouble, ostriches will lie low and press their long necks to the ground in an attempt to become less visible. Their plumage blends well with sandy soil and, from a distance, gives the appearance that they have buried their heads in the sand. - National Geographic Link to post Share on other sites More sharing options...
Guest icemanblue Posted November 21, 2013 Share Posted November 21, 2013 Ah, damn. Close, though. Link to post Share on other sites More sharing options...
Mick Posted November 21, 2013 Share Posted November 21, 2013 Well based on the limited wording under that table which the blog doesnt seem to have bothered reading its likely to be this: 'mike ashley leased certain properties to various companies in the group which operated as retail and distribution premises. a commercial rent is charged in respect of these leases. ' Does he use any SD shops(or parts of them) for NUFC Club Shops or anything? I thought we only had 3 2 club shops? How much warehouse space would 3 2 shops need and how much does warehouse space cost? Shepherd charged the club £150,000 for warehouse space, has inflation gone up that much in a recession? Our web based sales seem to go directly to SD, how much is showing in those accounts going into our club for SD making money out of our club? How much is showing in those accounts as paying for advertising? The answer appears to be that cash is only going one way in our relationship with SD and it doesn't appear to be for the benefit of our club, does it? Link to post Share on other sites More sharing options...
Mick Posted November 21, 2013 Share Posted November 21, 2013 Happy to accept it as legit, but until we know what it's for (which I can't imagine we'll find out anytime soon/ever) then can't say it bothers me. /Unless it is for mugs. f*** me man, fair enough it's useful crockery and that, but howay, £500,000!!! Ostrich. 'Ostriches are known to bury their heads deep into the sand, searching for facts, before making judgements. This it at odds with the common old man, who prefer to jump to the most negative conclusion, almost immediately. As a result, the ostrich looks a lot less silly than the old man.' - Science Link to post Share on other sites More sharing options...
Guest Roger Kint Posted November 21, 2013 Share Posted November 21, 2013 Well based on the limited wording under that table which the blog doesnt seem to have bothered reading its likely to be this: 'mike ashley leased certain properties to various companies in the group which operated as retail and distribution premises. a commercial rent is charged in respect of these leases. ' Does he use any SD shops(or parts of them) for NUFC Club Shops or anything? I thought we only had 3 2 club shops? How much warehouse space would 3 shops need and how much does warehouse space cost? Shepherd charged the club £150,000 for warehouse space, has inflation gone up that much in a recession? Our web based sales seem to go directly to SD, how much is showing in those accounts going into our club for SD making money out of our club? How much is showing in those accounts as paying for advertising? The answer appears to be that cash is only going one way in our relationship with SD and it doesn't appear to be for the benefit of our club, does it? What part of my post would possibly suggest i know those answers? Link to post Share on other sites More sharing options...
Mick Posted November 21, 2013 Share Posted November 21, 2013 What part of my post would possibly suggest i know those answers? I never said you did know the answers, I just added the questions to the one you asked at the end of your post. Link to post Share on other sites More sharing options...
Guest Roger Kint Posted November 21, 2013 Share Posted November 21, 2013 What part of my post would possibly suggest i know those answers? I never said you did know the answers, I just added the questions to the one you asked at the end of your post. Ok. Link to post Share on other sites More sharing options...
Mick Posted November 21, 2013 Share Posted November 21, 2013 Ok. You can lease warehouse space 30 miles from London for £4.50 per square foot per annum, we must be turning over a shit load of stock if we're paying £498,000 on warehouse space in Nottingham for 2 shops. I'm looking forward to seeing our accounts in the New Year, we'll be raking it in. Link to post Share on other sites More sharing options...
Teasy Posted November 21, 2013 Share Posted November 21, 2013 Seems incredibly cheap, where from? Link to post Share on other sites More sharing options...
Mick Posted November 21, 2013 Share Posted November 21, 2013 Seems incredibly cheap, where from? A company called Core Commercial and it was 45 miles from London, not 30. Link to post Share on other sites More sharing options...
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