Colos Short and Curlies Posted April 16, 2014 Share Posted April 16, 2014 Thats always been the case, even if it hasnt been explicitly said out loud its an obvious trade off thats been discussed for a few years on here. fwiw the lost revenue is more or less equal to the interest that would be charged on the loan so apart from the tacky advertising boards the club isnt really losing out in this particular case Link to post Share on other sites More sharing options...
Wallace Posted April 16, 2014 Share Posted April 16, 2014 Thats always been the case, even if it hasnt been explicitly said out loud its an obvious trade off thats been discussed for a few years on here. fwiw the lost revenue is more or less equal to the interest that would be charged on the loan so apart from the tacky advertising boards the club isnt really losing out in this particular case Although surely if it was a normally structured loan, it would be reducing over time and this one isn't. Link to post Share on other sites More sharing options...
Colos Short and Curlies Posted April 16, 2014 Share Posted April 16, 2014 True, but only if it has a repayment schedule attached to it - no reason why it couldn't just attract interest but never be paid down Link to post Share on other sites More sharing options...
Thomson Mouse Posted April 18, 2014 Share Posted April 18, 2014 Depends if they can service the debt. If they can, they're fine. Been away for a bit and with the risk of dragging this shite up again, pretty much bingo from Ian. It was very doubtful whether the club could meet the repayments in the next 12 months. Comparing it to Liverpool is laughable. Link to post Share on other sites More sharing options...
Thomson Mouse Posted April 18, 2014 Share Posted April 18, 2014 Hugely increased TV revenue since Ashley took over, in no way attributable to him directly, simply glosses over how grossly he's mismanaging us financially. Our debt has doubled inside 7 years, non-TV related revenue income has almost halved at a time where nearly every other Premiership club has seen significant growth, and ultimately we're posting profits because we are a selling club who don't reinvest even the money generated in the playing or coaching side of the football club. I cannot believe people are falling for this insane notion that we were heading for financial ruin until Mike saved the day. The Hall/Shepherd ownership pisses all over this one on any level, including financial, even if it was going stale towards the end. Agree with everything apart 'Mike saved the day' and the club was going down a very poor financial path. Genuinely would like to see how the debt has doubled though. No bullshit or anything. It was around £61m in 2007. It's now £129m. I'm not certain but i thought most of this additional was due to Ashley absorbing the overdraft. Link to post Share on other sites More sharing options...
Kanj Posted April 18, 2014 Share Posted April 18, 2014 I believe Mike paid off all the short term debt with close maturities and then has injected cash in the form of a non interest loan owed to him (which is essentially equity) but given the separate entity that is the club, I assume it was done that way so he'd also protect his cash injection as a loan and future buyers would pay X for the club and X to pay off the debt (to MA) Link to post Share on other sites More sharing options...
Thomson Mouse Posted April 18, 2014 Share Posted April 18, 2014 I believe Mike paid off all the short term debt with close maturities and then has injected cash in the form of a non interest loan owed to him (which is essentially equity) but given the separate entity that is the club, I assume it was done that way so he'd also protect his cash injection as a loan and future buyers would pay X for the club and X to pay off the debt (to MA) So what i said then. Link to post Share on other sites More sharing options...
HawK Posted April 19, 2014 Share Posted April 19, 2014 Except it hasn't been a non-interest loan at all and we must be many millions into the red now in lost revenue because of it. What is the saving that Sports Direct makes on advertising around the stadium? The club suggested that while it is always proactively looking to attract new commercial partners and to sell that advertising space' date=' in the current climate it could not command a sum for that space anywhere close to the £129M invested into the club interest free by the owner.[/quote'] Link to post Share on other sites More sharing options...
merlin Posted April 19, 2014 Share Posted April 19, 2014 Reputedly, Villa are likely to be subject to a take-over bid by Americans if they escape relegation this season - a figure of 200m has been mentioned. It would be interesting to find out if Ashley was approached before Villa became the target.... Link to post Share on other sites More sharing options...
Darth Crooks Posted April 19, 2014 Share Posted April 19, 2014 Maybe they are a second city club though which outside if London or Manchester has a pull I'd guess, although people probably know more about NUFC. Lerner is also American as you of course know. Link to post Share on other sites More sharing options...
Ronaldo Posted April 19, 2014 Share Posted April 19, 2014 Reputedly, Villa are likely to be subject to a take-over bid by Americans if they escape relegation this season - a figure of 200m has been mentioned. It would be interesting to find out if Ashley was approached before Villa became the target.... Not a chance. No way he'd say no to that type of money for us. Link to post Share on other sites More sharing options...
Cajun Posted April 19, 2014 Share Posted April 19, 2014 Why does nobody want us? Surely we would be more profitable than someone like Villa (no offence Brummie), we could get 10,000 a week more through the gates for a start. If we had more ambitious owners and a manager to reflect them I think 'The Entertainers' hype would come back, we would be on tv more and we would pack the ground out every week. Would love owners willing to back the manager, doesn't have to be silly money like Chelsea/City etc.. just what you would expect a club our size to spend. Chuck Keegan into the mix and we would be so far away from our current selves I would probably wake up every morning having to wash the spunk off my bed sheets. Link to post Share on other sites More sharing options...
merlin Posted April 19, 2014 Share Posted April 19, 2014 Reputedly, Villa are likely to be subject to a take-over bid by Americans if they escape relegation this season - a figure of 200m has been mentioned. It would be interesting to find out if Ashley was approached before Villa became the target.... Not a chance. No way he'd say no to that type of money for us. Was it not 260m he wanted for us? That was my understanding too. There is no way a savvy investor/entrepreneur would buy Villa over NUFC given a choice, the number of ST holders - and potential new fans - would see to that ...second city doesn't even come into it, or the owners of Liverpool would have tried for Villa too. Unless someone comes up with north of 250m, Ashley won't sell. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted April 19, 2014 Share Posted April 19, 2014 Why does nobody want us? Surely we would be more profitable than someone like Villa (no offence Brummie), we could get 10,000 a week more through the gates for a start. Keep up dude, gate size is utterly irrelevant in modern football, it's not where the money is. /ianw etc Makes you wonder why Ashley didn't pay peanuts for a Leicester or Boro to advertise his shit. Link to post Share on other sites More sharing options...
Kanj Posted April 19, 2014 Share Posted April 19, 2014 If there is a rumored takeover, I assume it's false. These type of things are so wrapped up in non-disclosures and possibly done though investment bankers, etc... Link to post Share on other sites More sharing options...
OzzieMandias Posted April 19, 2014 Share Posted April 19, 2014 If I was Ashley I'd be thinking about how to gimmick the roof of the West Stand so on sunny matchdays it'll spell "Sports Direct" in shadows on the pitch. Link to post Share on other sites More sharing options...
sempuki Posted April 19, 2014 Share Posted April 19, 2014 Is the fat controller there today? Link to post Share on other sites More sharing options...
Guest neesy111 Posted April 19, 2014 Share Posted April 19, 2014 Is the fat controller there today? Don't think so. Link to post Share on other sites More sharing options...
sempuki Posted April 19, 2014 Share Posted April 19, 2014 Probably counting his cash. Link to post Share on other sites More sharing options...
maze Posted April 19, 2014 Share Posted April 19, 2014 Yet another stunning performance from one of Ashley's fantastic businesses Wonder how many more times I can qoute this many many many many more times ... ah.... Link to post Share on other sites More sharing options...
Collage Posted April 19, 2014 Share Posted April 19, 2014 Fat Mike certainly picked the right club to buy. Who else would fill a 52.000 capacity stadium playing like this? Link to post Share on other sites More sharing options...
Wallace Posted April 20, 2014 Share Posted April 20, 2014 There are people I know who have been disillusioned but have continued to go to games because they thought their kids still wanted to go. However, their kids are now saying they are bored and don't want to go to games any more so the parents are relieved to be cancelling season tickets. I wonder how extensive this is? And I am starting to wonder, in what would be the most damning indictment of Ashley's tenure, if in 5 years time all the kids will be wesring the shirts of the top 4 teams rather than Newcastle. It is starting to happen but often once you got them to a game they switched to Newcastle. If they end up not going to games that will no longer happen. Link to post Share on other sites More sharing options...
buzza Posted April 20, 2014 Share Posted April 20, 2014 Mike, you are such a cad... http://www.mirror.co.uk/sport/football/news/newcastle-eye-tony-pulis-replace-3434352 Another great decision coming our way... Link to post Share on other sites More sharing options...
loki679 Posted April 20, 2014 Share Posted April 20, 2014 Mike, you are such a cad... http://www.mirror.co.uk/sport/football/news/newcastle-eye-tony-pulis-replace-3434352 Another great decision coming our way... Probably thinks he'll sell more caps. Link to post Share on other sites More sharing options...
sempuki Posted April 20, 2014 Share Posted April 20, 2014 Mike, you are such a cad... http://www.mirror.co.uk/sport/football/news/newcastle-eye-tony-pulis-replace-3434352 Another great decision coming our way... Probably thinks he'll sell more caps. And tracksuits. Link to post Share on other sites More sharing options...
Recommended Posts