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It does seem a bizarre reaction to stories they don't agree with. Do they think the telegraph, and other banned papers, will now go easy on them in the hope they may get back in next season?

I'm looking forward to reading the Southampton match report in the telegraph now

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funny one him not going for rangers the state they're in like, you'd imagine he'd be able to turn that s*** around into $$ in no time

 

They are in an awful league tho with no money or little coverage, as a business it hasn't got much to offer other than merchandise which he snapped up for pennies.

 

He got want he wanted.

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http://www.nufc.co.uk/articles/20100509/nufc-statement_2281670_2047576

 

Finances

The Club presented its financial report to Companies House this April for the year 2008/2009. The financial report shows that there was an operating loss of £37.7 million for that year and an estimated loss for 2009/2010 of £32.5 million. Newcastle United also has an overdraft of £20 million that is fully committed. It is clear to the Board that no organisation can be successful, until the financial position is stabilised.

The Board have therefore structured a five year plan in which the ultimate goal will be to ensure that the club is run at a "break even" manner by the year 2015/2016. The club also wishes it to be known; in an effort to stop the untrue rumours and stories that emanate from outside Newcastle United that:

• The Board have set a five year plan to promote core values of credibility, viability and sustainability both on and off the field of play at Newcastle United.

• The Board will concentrate on Newcastle United's stability by promoting from within where possible.

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That was a target though, with the new TV money presumably we're already running at break even, non?

 

I think break-even might mean break-even on a personal level for Ashley. With all the income from his Sports Direct exposure etc, maybe he feels as if the money invested (the loan to clean the debt) will be repaid by then?

 

Just freely speculating.

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Newcastle United has today banned the Daily Telegraph with immediate effect following a report published in its paper yesterday (Thursday, 11th September), headlined 'Newcastle United For Sale As Ashley Eyes Rangers', as well as a follow-up article from the same reporter which appears in the Daily Telegraph today (Friday, 12th September).

 

The reports by Luke Edwards on 11th September, and again today (12th September), are wholly inaccurate and written with the intention of unsettling the Club, players and its supporters.

 

This is disgraceful journalism for which the Club and its supporters should receive a full and unreserved apology from those concerned.

 

The truth is Mike Ashley remains committed to Newcastle United.

 

For the avoidance of doubt, this means that for the remainder of this season and AT LEAST until the end of next season, Mike Ashley will not, under any circumstances, sell Newcastle United at any price.

 

The Club cannot be stronger in stating its position on this matter.

 

It is not acceptable for newspapers to print factually inaccurate reports that are damaging to the Club and to fail to check facts with Newcastle United ahead of publication and then expect to receive access to the Club.

 

Newcastle United will not tolerate this and will take such action as it deems appropriate.

 

The ban extends to all reporters working for, or freelancing on behalf of, the Daily Telegraph, as well as Luke Edwards in any capacity he may have working for the paper's sister title or on a freelance basis.

 

:spit:

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Anyone reckon he's going to use the excess TV money to repay his loan and sell the club minus them?

 

is there an alternative to that?

 

could he realistically pay himself all the TV money while keeping the loan and then insist on the loan as part of the sale?

 

can't see any buyers going for that personally

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Anyone reckon he's going to use the excess TV money to repay his loan and sell the club minus them?

 

is there an alternative to that?

 

could he realistically pay himself all the TV money while keeping the loan and then insist on the loan as part of the sale?

 

can't see any buyers going for that personally

 

I should imagine this is what he's hoping for.

 

it would literally break me if he could pull that off :lol:

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