Mike Ashley

[Zero]

everything started during that Bowyer summer, under Shepherd.

[toontownman]

http://www.dailymail.co.uk/sport/football/article-2420815/Newastle-boss-Alan-Pardew-reveals-sign-summer-going-overdraft.html

 

How long before he can get his money back and fuck off?

Surely that has to be someone interested in buying us!

[Guest thenorthumbrian]

'Cockney' needs to be banned from this thread.

  OK if some people are so  very sensitive to the c word maybe we should just call Ashley a corpulent southern leech.

[toontownman]

He is just like a step dad that has married your mum now its gone sour..but he is refusing to leave because he thinks he now has claim to your house..  eventually he will just be a jilted ex, that day can't come soon enough though.

 

Cant we track how much money he has made from the club and use it as a countdown until he breaks even and fucks off.. 

[AyeDubbleYoo]

Cant we track how much money he has made from the club and use it as a countdown until he breaks even and fucks off.. 

 

Can do aye, but we need to start it at about -£200m so it could be a long one.

[Ronaldo]

'Cockney' needs to be banned from this thread.

  OK if some people are so  very sensitive to the c word maybe we should just call Ashley a corpulent southern leech.

 

I'm not sensitive to it, it's just inaccurate. Who gives a shit where he's from anyway?

[r0cafella]

Cant we track how much money he has made from the club and use it as a countdown until he breaks even and f***s off.. 

 

Can do aye, but we need to start it at about -£200m so it could be a long one.

 

Aye the fat fuck is going to make us for his mistakes.

[Guest]

Some of it is. A lot is down to what was left.[/herewegoafuckinggain]

[Teasy]

 

Cant we track how much money he has made from the club and use it as a countdown until he breaks even and fucks off.. 

 

Its not dropping at the moment so no point.  If he starts taking his initial investment back I'm sure people will keep track and update every year.

[NG32]

Good article - http://www.true-faith.co.uk/thru-black-white-eyes-magic-numbers-15sep13/

[Belfast Mags]

Good article - http://www.true-faith.co.uk/thru-black-white-eyes-magic-numbers-15sep13/

 

Speaking the truth and keeping the faith

[Tiresias]

Pardew really should let Kinnear do all teh transfer talking if he has any sense  ( ) surely beyond easy to let Kinnear hang himself and avoid the blame. Wonder if the club demand he say all that bollocks.

[Belfast Mags]

Pardew really should let Kinnear do all teh transfer talking if he has any sense  ( ) surely beyond easy to let Kinnear hang himself and avoid the blame. Wonder if the club demand he say all that bollocks.

 

He really should have. Didn't need to say anything other than refer the Journos to JFKs mobile number.

The statement sounds like it was written for him but he should never have put his name to it. Disgusting.

[Tiresias]

Thing is I'm kinda willing to accept the club putting out crap and making Pardew put his name to it and whatever. I'm not a Pardew fan by a million miles but the club is toxic and doubt any manager not willing to put shit like that out will ever be appointed

[AlanSkÃrare]

I sent an e-mail to "NUFC Direct" two weeks ago, asking who'd recieve the money if I bought this seasons strip. I said I wanted to support my club and not see the money go into Sports Direct.

 

Still no reply even though they said I'd get one in 1-5 working days.

[Big Geordie]

TF

[Wallace]

I was talking to a couple last week - not NUFC fans but cricket lovers.  They apparently had ordered some England stuff from the ECB and it came from Sports Direct along with one of those huge mugs much to their disgust.

 

 

[Benwell Lad]

To be fair outsourcing of IT systems, online systems, accounts, ordering etc is common in retailing.

Riding on the back of someone else's technology rather than investing in your own often makes very good economic sense.

[quayside]

To be fair outsourcing of IT systems, online systems, accounts, ordering etc is common in retailing.

Riding on the back of someone else's technology rather than investing in your own often makes very good economic sense.

 

Undoubtedly. But I think the question here is whether a traditional source of the clubs revenue/profit is being syphoned off into SD's coffers. There has never been mention in the club accounts that the retailing revenues/profits of the club have been handed over to SD - so we have no idea what arrangement is in place. True Faith are right to raise it as an issue.

[TRon]

Good article - http://www.true-faith.co.uk/thru-black-white-eyes-magic-numbers-15sep13/

 

Very intriguing. Puts our local journalists to shame.

[NG32]

They are far to lazy or have it easy, just wtite some half arsed article about a players injury and slap it on the back page. Job done.

 

If any are reading, go do some work and people might start buying the paper youre writing for.

 

 

[Thomson Mouse]

They are far to lazy or have it easy, just wtite some half arsed article about a players injury and slap it on the back page. Job done.

 

If any are reading, go do some work and people might start buying the paper youre writing for.

 

 

 

I remember when we were in the same position with Shepherd. One particular journo ad tried several times and did print stuff about Shepherd and Douglas Hall. Thomson House were contacted by the clubs lawyers and the other stories were pulled by the bosses. Speaking to the said journo, he promised me that there would be a tipping point were TH would turn against Shepherd etc, ony when it was obvious what was happening.

Ryder will be like Oliver though, he'll never turn. Can't stand the bloke.

[Exiled in Texas]

 

Cant we track how much money he has made from the club and use it as a countdown until he breaks even and f***s off..

 

But if he is making money, why would be sell up?  Ashley would need to A) have a higher priority project that needed investing in where he could re-invest the Monday earned from selling NUFC, and B) an interested purchaser who wanted to buy the club.

 

I fear that if NUFC is making him money then he will stick around and keep taking the money (albeit whether its through Sports Direct or through NUFC accounts)

[WarrenBartonCentrePartin]

Meeting Mike Ashley: Simon Bird heads in pursuit of the answers the silent Newcastle owner is unwilling to give

 

17 Sep 2013 11:28

 

Our reporter heads to Sports Direct's AGM near Shirebrook in an attempt to speak with the billionaire... but finds a familiar PR lock down.

 

Mike Ashley is in front of me, at last.

 

There he is, no more than a penalty kick away. Dressed in jeans and a crisp white shirt, sitting on the stage in a vast, virtually empty, lecture theatre.

 

It is the Sports Direct AGM. The company Ashley founded in 1982 as a small retail store, has just been elevated to the FTSE 100, meaning 31 years on, Sports Direct is one of the nation's biggest firms.

 

This is an exciting moment for a reporter who covers Newcastle United. A close encounter, for me, of the third kind.

 

For Mike Ashley is a mystery man. The owner who never speaks. Five years since he bought Newcastle for £133million, he's never gone on or off the record to explain why?

 

The first time I got this close, in fact closer, was in Majorca in the summer of 2008, at a pre season friendly. A colleague and I got him chatting. How you going to do this season? How's Keegan doing? What position will you finish in this term?

 

He gave brief answers, staring out to the pitch, thinking we were fans.

 

When we fronted up and admitted, "that's great Mike, the thing is we are journalists, any chance of a word on the record", he was swiftly whisked back inside by Derek Llambias.

 

Pity the unfortunate Newcastle press officer of the time who got a finger wagging public rollicking for failing to stop our outrageous, liberty-taking advance.

 

The second meeting was also at a Sports Direct AGM, in the wake of Kevin Keegan's departure. We were promised a quick word by Ashley's slick talking lieutenants, but that went up in smoke when a news reporter from the Sun stood up in the AGM and started shouting, causing PR lock down.

 

So here I am at HQ in Shirebrook, near Mansfield, for another attempt to get in front of the most elusive man in football.

 

Outside is a warehouse temple to consumerism. The control centre of a business that raked in £2.186bn in revenue last year and made pre tax profits of £207million. And you thought the numbers in football transfers were big. If you'd bought £1,000 of Sports Direct shares in 2008, they'd be worth £22,000 now.

 

Storage units stretch half a mile, with lorries loading up with cut price sports goods to supply 350 stores and a European-wide internet operation.

 

Below Ashley's lecture theatre, you can buy tracky bottoms for a fiver and every conceivable make and model or sports shoe. Not only does Ashley sell it, he owns many of the brands too. Dunlop, Slazenger and Lonsdale.

 

I recall the inflated prices of sports goods in my childhood, and compare it with the much fairer deals on offer here, and it is not surprise the nation is snapping up the bargains, and swelling Ashley's profits.

 

The AGM is underway, with about six small time shareholders present. Yellow cards are raised to pass resolutions re-electing directors. But they hardly matter, as Ashley and those with huge stakes in the company have already cast their votes.... one passed with 535,073,384 votes for the motion!

 

Then the excitement mounts. Resolution No3 and Ashley takes the chair and speaks.

 

Yes, I can confirm, he has a voice. And yes, it is a cockney accent, not that the inclusive Geordie hold that against him.

 

"Motion to re-elect Keith Hellawell chairman and director," Ashley says.

 

And a JOKE too. "Dave, don't vote...."

 

People on the top table chuckle. A kind of sports retail world insider joke aimed at his right hand man, but a joke all the same.

But then Ashley remembers this is the deadly serious AGM of a FTSE 100 company, and adds: "For the record that was a joke I said about Dave..."

 

Thank goodness that was clarified.

 

Then silence. Ashely fiddles with his yellow voting voting card, as resolutions are carried by the squillions of votes already cast by post.

 

It is slick and business like, and I am poised with a list of questions related to Newcastle United and Sports Direct.

 

Questions that need answering, like: Sports Direct gets huge global TV publicity with their Newcastle United tie up - specifically the extensive stadium advertising. Can you confirm what the NUFC accounts indicate, that Sports Direct don't pay for these adverts? Is that fair to NUFC? It reduces their income and spending power?

 

Questions like: Mike, you've turned Sports Direct into a dominant brand and to new heights of success - is your ambition the same for NUFC?

 

Questions like: Any plans to sell NUFC to concentrate on Sports Direct because of the hassle and grief you get - or do you enjoy it?

 

Questions like: Any plans to appoint Joe Kinnear Director of Football Boots?

 

Well, maybe not the last one, but these were simple legitimate puzzles that needed an answer.

 

But no, we've been instructed there will be no questions from the press. Only those with company voting rights.

 

An ethical business reporter from the Guardian has also turned up to ask about the use - much criticised - of zero hours contracts. No questions allowed from her either.

 

But hang one. Now I am excited.

 

Chairman Keith Hellawell, former police chief and Labour Government drugs czar, is bringing proceedings to a close. He announces that directors will mingle for coffee and biscuits and will be happy to chat. This is common practice at most big company AGMs. Press the flesh, put on a human face, butter up the shareholders with a few words.

 

Only Ashley, who has glanced in my direction a couple of times, has other ideas. He whispers something to his loyal ally, Dave Forsey, who has been alongside him since 1984.

 

Maybe I'm paranoid, but he seems to be saying there are a couple of journalists in the house, and there's no way....

 

Or maybe he just needs the loo.

 

Whatever the reason, Mike gets up almost before Hellawell has even closed the meeting, and darts to the side exit, the opposite side to the tea urn and custard creams.

 

He is gone for another year. No questions, no breaking down the barriers. No explanations or guidance on Sports Direct or Newcastle United.

 

Which is unfortunate, and slightly depressing.

 

Because Ashley could muster strong arguments for some of the things he's done at Newcastle. Prudent financial management. Keeping ticket prices low (ish), especially for kids. Stumping up a £140million interest free loan (since reduced by reclaiming £11million) to fund rebuilding of the 2009 relegated squad.

 

There are also controversies to explain. Joe Kinnear's appointment. Not signing another striker this summer. Recouping that loan and it's impact on Newcastle's transfer business.

 

I explain this to an Ashley friend and loyalist. He is sympathetic, but has an explanation about Ashley's silence for the last five years which is illuminating.

 

Since he founded Sports Direct, he has done it HIS way. His own gut instinct, his own brain computing risks and rewards, and usually he comes up trumps. "Take a look at the operation that surrounds you." It is a fair point.

 

I am told that the thing about Mike is that he doesn't really care what anyone else thinks. He does it his way. If flack comes, and he has had it from the financial sector too when Sports Direct first floated on the stock exchange, he ploughs on, unruffled.

 

The thing is, I explain, football is different from normal businesses. The emotions, mood, hopes and dreams of a fan base are tied up in the decisions he makes as owner. I am told Ashley gets that part too.

 

And that is it. The AGM over and the lecture theatre empties. The Guardian's ethical finance reporter is scurrying around looking for answers regarding zero-hour contracts. Nothing much seems forthcoming. It is not just sports reporters having problems getting answers.

 

The pity is Mike Ashley has a remarkable story to tell, in business, and from five rocky years at Newcastle. One day maybe he will front up and tell it. He will be a much more understood figure if he does. And a much less divisive one among Newcastle fans, I am sure.

 

But until he does he will remain a controversial owner refusing to make himself accountable to the fans who will be there long after he has sold up.

 

Having come from humble roots and achieved amazing success in business, he will remain in the ranks of the aloof super-rich who think they have a duty to explain themselves to no-one.

 

All through the summer, Newcastle fans have demanded journalists "ask the hard questions" of Ashley, and the club.

 

I am willing, and will keep trying.

 

But you also need people who are prepared to answer.

 

http://www.mirror.co.uk/sport/football/news/meeting-newcastle-owner-mike-ashley-2279332

[AlanSkÃrare]

Good intentions from Bird. He's come on a bit I think.