Dave Posted March 6, 2012 Share Posted March 6, 2012 http://www.telegraph.co.uk/sport/football/teams/newcastle-united/9124262/Newcastle-United-revival-reaches-boardroom-as-club-prepare-to-announce-return-to-profit.html Newcastle United revival reaches boardroom as club prepare to announce return to profit Newcastle United’s success this season has not been confined to their activity on the pitch as the club prepare to release healthy financial figures which will strengthen their claim to be considered among the Premier League’s elite group. By Luke Edwards 11:59PM GMT 05 Mar 2012 As the dust settles on a fractious derby draw with Sunderland, Newcastle will reflect on the five-point gap they have opened up over seventh-placed Liverpool, as well as the 10-point advantage they hold over their neighbours. But, with Uefa Financial Fair Play regulations to punish clubs who spend beyond their means, Newcastle’s economic vitality is just as important as the improvements manager Alan Pardew has fashioned. With only 11 games left, Newcastle are confident they are good enough to qualify for the Europa League and there will be more good news from the boardroom later this week. Managing director Derek Llambias has overseen a remarkable shift in the health of the club’s accounts and Newcastle are likely to have bucked the Premier League trend and will not record a loss for the first time since Mike Ashley bought the club in the summer of 2007. The club have also announced a nine-year season ticket price freeze for fans who renew this summer. Those figures will not include player trading, although Telegraph Sport understands there is still some money left from the sale of Andy Caroll to Liverpool for £35million last year, despite the £10million signing of Papiss Demba Cissé in January. Despite his unpopularity, inflamed again this season by the decision to rename St James’ Park the Sports Direct Arena, Ashley has dramatically improved the club as a business. Might as well start a new thread considering it appears the accounts will be out this week and I'm sure they will be dissected once again. Link to post Share on other sites More sharing options...
midds Posted March 6, 2012 Share Posted March 6, 2012 Interesting stuff. He's clearly steadied the ship financially, tied down the spine of the team for the next 3 or 4 years and the remaining deadwood is on the way out. Don't like some of the (idiotic) things he's done but I think we're pointing in the right direction. Link to post Share on other sites More sharing options...
Chris_R Posted March 6, 2012 Share Posted March 6, 2012 Telegraph Sport understands there is still some money left from the sale of Andy Caroll to Liverpool for £35million last year, despite the £10million signing of Papiss Demba Cissé in January. That's some Mensa-level maths from the Telegraph there, there's no fooling them is there? Link to post Share on other sites More sharing options...
madras Posted March 6, 2012 Share Posted March 6, 2012 herrrrre quayside, come on boy. Link to post Share on other sites More sharing options...
Dave Posted March 6, 2012 Share Posted March 6, 2012 Telegraph Sport understands there is still some money left from the sale of Andy Caroll to Liverpool for £35million last year, despite the £10million signing of Papiss Demba Cissé in January. That's some Mensa-level maths from the Telegraph there, there's no fooling them is there? Tbf I have been fully expecting that money to go towards reducing the club's debt to Ashley which still stood at £150m on the previous accounts. Link to post Share on other sites More sharing options...
midds Posted March 6, 2012 Share Posted March 6, 2012 herrrrre quayside, come on boy. Would also appreciate LLLO's return to give the numbers the once over for laymen like me. Link to post Share on other sites More sharing options...
madras Posted March 6, 2012 Share Posted March 6, 2012 Telegraph Sport understands there is still some money left from the sale of Andy Caroll to Liverpool for £35million last year, despite the £10million signing of Papiss Demba Cissé in January. That's some Mensa-level maths from the Telegraph there, there's no fooling them is there? Tbf I have been fully expecting that money to go towards reducing the club's debt to Ashley which still stands at £150m. if it did, which wouldn't surprise me i doubt it would be so straightforward. Link to post Share on other sites More sharing options...
madras Posted March 6, 2012 Share Posted March 6, 2012 herrrrre quayside, come on boy. Would also appreciate LLLO's return to give the numbers the once over for laymen like me. get on to him then. Link to post Share on other sites More sharing options...
Dave Posted March 6, 2012 Share Posted March 6, 2012 Telegraph Sport understands there is still some money left from the sale of Andy Caroll to Liverpool for £35million last year, despite the £10million signing of Papiss Demba Cissé in January. That's some Mensa-level maths from the Telegraph there, there's no fooling them is there? Tbf I have been fully expecting that money to go towards reducing the club's debt to Ashley which still stands at £150m. if it did, which wouldn't surprise me i doubt it would be so straightforward. Why? Link to post Share on other sites More sharing options...
Mick Posted March 6, 2012 Share Posted March 6, 2012 Would also appreciate LLLO's return to give the numbers the once over for laymen like me. I doubt that'll happen, he's still ill. Link to post Share on other sites More sharing options...
madras Posted March 6, 2012 Share Posted March 6, 2012 Telegraph Sport understands there is still some money left from the sale of Andy Caroll to Liverpool for £35million last year, despite the £10million signing of Papiss Demba Cissé in January. That's some Mensa-level maths from the Telegraph there, there's no fooling them is there? Tbf I have been fully expecting that money to go towards reducing the club's debt to Ashley which still stands at £150m. if it did, which wouldn't surprise me i doubt it would be so straightforward. Why? just think it he would more hidden, deeper in the accounts than me or you would realise. hence why i'd like quayside or LLLO to make a re appearance. Link to post Share on other sites More sharing options...
jdckelly Posted March 6, 2012 Share Posted March 6, 2012 a profit before transfers are taken into account? Good work I guess Link to post Share on other sites More sharing options...
midds Posted March 6, 2012 Share Posted March 6, 2012 Would also appreciate LLLO's return to give the numbers the once over for laymen like me. I doubt that'll happen, he's still ill. Saw him the other week actually and he looked canny. I'll text him. The bastard could give them the once over and report back. Link to post Share on other sites More sharing options...
HawK Posted March 6, 2012 Share Posted March 6, 2012 Ashley's infrastructure behind the first team and the economy behind it has simply been a breath of fresh air, first class. If only someone could get him to understand the value of spending big on the most important position in the club Link to post Share on other sites More sharing options...
oldtype Posted March 6, 2012 Share Posted March 6, 2012 Profit (This post brought to you by N-O circa summer 2011) Link to post Share on other sites More sharing options...
Mick Posted March 6, 2012 Share Posted March 6, 2012 Saw him the other week actually and he looked canny. I'll text him. The b****** could give them the once over and report back. He's getting better, slowly. Link to post Share on other sites More sharing options...
Dave Posted March 6, 2012 Share Posted March 6, 2012 Telegraph Sport understands there is still some money left from the sale of Andy Caroll to Liverpool for £35million last year, despite the £10million signing of Papiss Demba Cissé in January. That's some Mensa-level maths from the Telegraph there, there's no fooling them is there? Tbf I have been fully expecting that money to go towards reducing the club's debt to Ashley which still stands at £150m. if it did, which wouldn't surprise me i doubt it would be so straightforward. Why? just think it he would more hidden, deeper in the accounts than me or you would realise. hence why i'd like quayside or LLLO to make a re appearance. The debt is reported in the accounts, if it drops at all then it's pretty obvious how. Link to post Share on other sites More sharing options...
Ameritoon Posted March 6, 2012 Share Posted March 6, 2012 Well done to everyone involved. Feels really good to read that. Link to post Share on other sites More sharing options...
midds Posted March 6, 2012 Share Posted March 6, 2012 Saw him the other week actually and he looked canny. I'll text him. The b****** could give them the once over and report back. He's getting better, slowly. Aye, I know. He'll be fine. Link to post Share on other sites More sharing options...
Sifu Posted March 6, 2012 Share Posted March 6, 2012 Good news really. Financially, Ashley and Llambias have got us into a nice, healthy position so all credit to them on that front. Of course though, some of the things they've done have been inexcusable (stadium name change, plastering of SD signs/logos almost everywhere, unprofessionalism etc.). Having said that, it looks like actual progress is being made so the future is looking rather bright (just don't be doing anything stupid, Mike!). Link to post Share on other sites More sharing options...
Village Idiot Posted March 6, 2012 Share Posted March 6, 2012 Are you actually getting paid for all the SD advertising? And congratulations for being in the black, which is far more than most clubs out there. Link to post Share on other sites More sharing options...
Mick Posted March 6, 2012 Share Posted March 6, 2012 Are you actually getting paid for all the SD advertising? And congratulations for being in the black, which is far more than most clubs out there. We haven't been paid anything so far, obviously the new accounts could have something in them. Link to post Share on other sites More sharing options...
JH Posted March 6, 2012 Share Posted March 6, 2012 Would be surprised if we got anything tbh. Link to post Share on other sites More sharing options...
Ketsbaia Posted March 6, 2012 Share Posted March 6, 2012 It's a shame that Ashley is a twat with a self-destructive streak because the financial stability, transfer policy and plans for the youth team are something I've dreamed of us having for many years. Link to post Share on other sites More sharing options...
Anderson Posted March 6, 2012 Share Posted March 6, 2012 Bit early for these isn't it? Thought they were normally announced at around about the close of the season. Either way, encouraging news. Onwards and upwards! Link to post Share on other sites More sharing options...
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