SSFC Posted September 3, 2017 Share Posted September 3, 2017 something I dont understand. He cant spend cash because all his worth is tied up in shares in SD? I assume sports direct high value is due to the profits it makes,so him having majority shares,where does all the profits from sports direct go? Nothing to understand really...he uses SD as a guise to sit on his hands at this point. People can spin the economics any which way (saw a guy on Reddit trying to say why the club has no money). Sports owners in major leagues that are in it because of their profitability and only the economics (or extensively for) drive me nuts. The money is on the back end for them. Sure you dont go crazy and spend 500 million if you have no way of re-couping that but he can surely spend more than he has of late. The failures of the past need to be regarded sure but not at the detriment of the future. A couple years in the PL again will help solvency and for the long term. Failing to do all that you can to ensure that you stay in the PL is piss poor management especially for a guy obviously concerned about the bottom line. Its befuddling to me and if I didnt care I would hope that it blows up in his face. He is a black eye for this club and the quicker he lets go of it and allows for new ideas and practices to be implemented the better. I would normally say the grass isnt always greener but in this case...I think it is. Link to post Share on other sites More sharing options...
Zero Posted September 3, 2017 Share Posted September 3, 2017 Ashley's greatest ever lie is to convince everyone that the club owes him money because he paid off the debt, when in fact he owns the whole club lock stock and barrel and he is responsible for the debt To be fair, those loan are interest free. Convert to market %, the interest cost per year should be 4-5M per year if finance externally. No people here will notice or bring this out anyway. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted September 3, 2017 Share Posted September 3, 2017 Hi NE5. Go fuck yourself. Seen him on twitter on deadline day spouting his told you so bollocks If only FS was still in charge ay? What's his Twitter name? Link to post Share on other sites More sharing options...
SSFC Posted September 3, 2017 Share Posted September 3, 2017 Ashley's greatest ever lie is to convince everyone that the club owes him money because he paid off the debt, when in fact he owns the whole club lock stock and barrel and he is responsible for the debt To be fair, those loan are interest free. Convert to market %, the interest cost per year should be 4-5M per year if finance externally. No people here will notice or bring this out anyway. How much you think the advert space that SD uses converts too? Link to post Share on other sites More sharing options...
Zero Posted September 3, 2017 Share Posted September 3, 2017 Ashley's greatest ever lie is to convince everyone that the club owes him money because he paid off the debt, when in fact he owns the whole club lock stock and barrel and he is responsible for the debt To be fair, those loan are interest free. Convert to market %, the interest cost per year should be 4-5M per year if finance externally. No people here will notice or bring this out anyway. How much you think the advert space that SD uses converts too? Yea I know that's the response in this forum when staying out some facts that looks in favour for the fat cunt. Cockney mafia out, ok? Link to post Share on other sites More sharing options...
Happinesstan Posted September 3, 2017 Share Posted September 3, 2017 Ashley's greatest ever lie is to convince everyone that the club owes him money because he paid off the debt, when in fact he owns the whole club lock stock and barrel and he is responsible for the debt To be fair, those loan are interest free. Convert to market %, the interest cost per year should be 4-5M per year if finance externally. No people here will notice or bring this out anyway. How much you think the advert space that SD uses converts too? Yea I know that's the response in this forum when staying out some facts that looks in favour for the fat c***. Cockney mafia out, ok? Given that his free advertising is in exchange for the interest free loan, why wouldn't people ask that? Link to post Share on other sites More sharing options...
Guest chopey Posted September 3, 2017 Share Posted September 3, 2017 Ashley and nufc are the same thing he owes money to himself if that's the case Link to post Share on other sites More sharing options...
Sean Posted September 3, 2017 Share Posted September 3, 2017 No-one should give him the benefit of doubt over anything, so people saying things like 'we pay less interest so he's being good to us' is pretty unbelievable. We could be paying the loan back with interest and have a more competitive squad than we do now if the club was ran self-sufficiently. The problem is we have an owner who's asset stripping and doing everything in his power to move money out of the club accounts. But lets give him the benefit of doubt eh? No. Link to post Share on other sites More sharing options...
Away Day Gadgie Posted September 3, 2017 Share Posted September 3, 2017 No-one should give him the benefit of doubt over anything, so people saying things like 'we pay less interest so he's being good to us' is pretty unbelievable. We could be paying the loan back with interest and have a more competitive squad than we do now if the club was ran self-sufficiently. The problem is we have an owner who's asset stripping and doing everything in his power to move money out of the club accounts. But lets give him the benefit of doubt eh? No. Agree with this. I'm no going to pretend i'm an expert on finance or accounting but i think it seems fairly obvious that Ashley has been bleeding the club for years. Even thinking back to the Andy Carroll sale, that money wasn't reinvested back into the playing squad as promised. I think Pardew or Llambias tried to say most of it had gone on wages but that was total bullshit obviously. Whenever i try to work out what Ashley is up to i tend to think of the most greedy and devious scenario as default, do that and you're probably not too far away from the truth. Link to post Share on other sites More sharing options...
NG32 Posted September 3, 2017 Share Posted September 3, 2017 No-one should give him the benefit of doubt over anything, so people saying things like 'we pay less interest so he's being good to us' is pretty unbelievable. We could be paying the loan back with interest and have a more competitive squad than we do now if the club was ran self-sufficiently. The problem is we have an owner who's asset stripping and doing everything in his power to move money out of the club accounts. But lets give him the benefit of doubt eh? No. Yep. We are just being used as advertising space and cycling money through accounts. Link to post Share on other sites More sharing options...
cp40 Posted September 3, 2017 Share Posted September 3, 2017 so basically Ashley has no cash, Nufc have no cash. but Sports direct have it all. Cant understand why Ashley doesnt see the benefits to sports direct of being associated with a successful NUFC, European and wider national positive coverage. etc etc. Link to post Share on other sites More sharing options...
morla84 Posted September 3, 2017 Share Posted September 3, 2017 http://metro.co.uk/2013/11/06/is-mike-ashley-taking-even-more-advantage-of-newcastle-united-than-we-thought-4175771/ Still stands 4 years later. SD banners were meant to be a showcase to other potential advertisers. The club needs to generate it's own money, but the SD logos are still up. Absolute lies as always Link to post Share on other sites More sharing options...
Sean Posted September 3, 2017 Share Posted September 3, 2017 http://metro.co.uk/2013/11/06/is-mike-ashley-taking-even-more-advantage-of-newcastle-united-than-we-thought-4175771/ Still stands 4 years later. SD banners were meant to be a showcase to other potential advertisers. The club needs to generate it's own money, but the SD logos are still up. Absolute lies as always Just make it up as they go along. This bit here shows how he's stealing probably in the region of £20 million a year from the club, and it's only one of many ways: To put things in perspective briefly, according to Newcastle United’s last set of published accounts (for the 2011-12 season), Newcastle United received slightly less in commercial revenue (£13.8million) than Norwich City (£14m). As for the Premier League ‘big six’ above Newcastle, Tottenham received £41.5m over the same period, Arsenal £52.5m, Liverpool £63.9m, Chelsea £67m, Manchester United £117.6m and, finally, Manchester City received a whopping £121.1m according to the estimable football finance website, the Swiss Ramble. With Ashley’s insistence that the club must stand on its own two feet, despite serving as a huge free billboard for his more important business interest, this shortfall could make it very difficult for the club to move forward both financially and on the pitch. Link to post Share on other sites More sharing options...
Matt Posted September 3, 2017 Share Posted September 3, 2017 Chopey is right- if you had £40 in your left pocket, then put £20 in your right pocket- does it now owe the left pocket £20? No, you still have £40. It's all yours. Ashley and NUFC are the same. SD is not- he is a 60% shareholder and it is a plc with all the governance (or arguably lack of it, in SD's case) involved in a public listing. A lot of people have some emotional perspective that there the club has some kind of moral ownership separate to that of MA, it's not. The loans are just another way of investing in the club (with some tax advantages vs common equity). People should forget they exist and the lack of interest is used as an excuse for other failings in the club's operations. Link to post Share on other sites More sharing options...
NG32 Posted September 3, 2017 Share Posted September 3, 2017 The brass neck on Craigy http://www.themag.co.uk/2017/09/david-craig-says-newcastle-will-relegated-shame-didnt-mention-mike-ashley-sky-sports-interview-newcastle-united/ Link to post Share on other sites More sharing options...
Greg Posted September 3, 2017 Share Posted September 3, 2017 http://metro.co.uk/2013/11/06/is-mike-ashley-taking-even-more-advantage-of-newcastle-united-than-we-thought-4175771/ Still stands 4 years later. SD banners were meant to be a showcase to other potential advertisers. The club needs to generate it's own money, but the SD logos are still up. Absolute lies as always Just make it up as they go along. This bit here shows how he's stealing probably in the region of £20 million a year from the club, and it's only one of many ways: To put things in perspective briefly, according to Newcastle United’s last set of published accounts (for the 2011-12 season), Newcastle United received slightly less in commercial revenue (£13.8million) than Norwich City (£14m). As for the Premier League ‘big six’ above Newcastle, Tottenham received £41.5m over the same period, Arsenal £52.5m, Liverpool £63.9m, Chelsea £67m, Manchester United £117.6m and, finally, Manchester City received a whopping £121.1m according to the estimable football finance website, the Swiss Ramble. With Ashley’s insistence that the club must stand on its own two feet, despite serving as a huge free billboard for his more important business interest, this shortfall could make it very difficult for the club to move forward both financially and on the pitch. The club has managed to improve on this front mind, which shows the potential is there for even more growth in this area. At last set of accounts ours was £25.1M and for example Everton was £9.3M - yet we are being told we can't compete financially. Link to post Share on other sites More sharing options...
Charlies Posted September 3, 2017 Share Posted September 3, 2017 Good piece from Paul Nicholson this: http://nufcindex.wixsite.com/nufcindex/single-post/2017/09/03/An-Open-Letter-to-Mike-Ashley Link to post Share on other sites More sharing options...
Dave Posted September 3, 2017 Share Posted September 3, 2017 Popped up on my Facebook from four years ago today: Link to post Share on other sites More sharing options...
1964 Posted September 3, 2017 Share Posted September 3, 2017 When are Sky going to stop showing that shite interview with the fat lad? Link to post Share on other sites More sharing options...
Foluwashola Posted September 3, 2017 Share Posted September 3, 2017 Good piece from Paul Nicholson this: http://nufcindex.wixsite.com/nufcindex/single-post/2017/09/03/An-Open-Letter-to-Mike-Ashley Outstanding. Link to post Share on other sites More sharing options...
sempuki Posted September 3, 2017 Share Posted September 3, 2017 Just to re-iterate, i hope he dies In horrific pain hopefully. Link to post Share on other sites More sharing options...
STM Posted September 3, 2017 Share Posted September 3, 2017 I've said it before and I'll say it again, crowd fund a hit on him. Just to shit him up a bit. Then give the money to charity... or signing a new player... or whatever. We could probably sign 3 players with the money come to think of it. Link to post Share on other sites More sharing options...
Parky Posted September 3, 2017 Share Posted September 3, 2017 so basically Ashley has no cash, Nufc have no cash. but Sports direct have it all. Cant understand why Ashley doesnt see the benefits to sports direct of being associated with a successful NUFC, European and wider national positive coverage. etc etc. Because that isn't really his client base. The brand is down market he probably isn't really looking for mass exposure in Europe of a higher caliber. Just being in the PL in his mind is enough. If it was a more luxury type of brand then what you say would hold true. Link to post Share on other sites More sharing options...
Cheshire Mag Posted September 3, 2017 Share Posted September 3, 2017 Hi NE5. Go fuck yourself. Seen him on twitter on deadline day spouting his told you so bollocks If only FS was still in charge ay? What's his Twitter name? Leazes_Mag Link to post Share on other sites More sharing options...
Parky Posted September 3, 2017 Share Posted September 3, 2017 I think it's even stipulated that a new buyer would have to agree to so many years of the SD signs remaining. I mean who would buy a club and agree to that? Link to post Share on other sites More sharing options...
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