Stu Posted March 10, 2012 Share Posted March 10, 2012 aye, Happy Face - and where would we have found the money to cover the losses for the last three seasons? Relegation or not, we were facing huge OP losses with the financial set up as it was. We'd have been in the shit even without those losses if we never got into Europe and the banks weren't lending. Though not getting relegated would have seen us breaking even a year sooner. Er...are you undermining your earlier post intentionally? Link to post Share on other sites More sharing options...
JCONA Posted March 10, 2012 Share Posted March 10, 2012 We've lost a lot of commercial revenue due to many local firms deciding not to sponsor the club in one form or another since Ashley took over, that and Sports Direct now dominates all advertising. As for attracting other sponsors and increasing commercial revenue, that isn't going to happen because who would want to be associated with Sports Direct? Companies will want to be associated with NUFC but the more SD adverts are plastered around the stadium and the whole stadium renaming crap, will only ever put would be sponsors off. Virgin Money was a no brainer. They are on an offensive charm having taken over Northern Rock, to continue sponsoring NUFC's shirt but under the new VM brand, was the logical thing to do. In no other circumstances would Virgin Money want to be associated with NUFC had it not taken over NR. The finances look healthy but more by default than by design. Carroll has basically brought things in line. And, we still owe one man over 130m. At no time in this club's history have we ever owed anyone or any entity so much money. Moot point really, we were owing the same amount to multiple parties and paying over 7m in interest annually. Now we owe Ashley and dont pay any interest, presumably. How is that a bad thing? Because when Ashley sells us this will be recouped, meaning that any interested party will have to pay up 130m before they even think of spending money on players Link to post Share on other sites More sharing options...
Stu Posted March 10, 2012 Share Posted March 10, 2012 We've lost a lot of commercial revenue due to many local firms deciding not to sponsor the club in one form or another since Ashley took over, that and Sports Direct now dominates all advertising. As for attracting other sponsors and increasing commercial revenue, that isn't going to happen because who would want to be associated with Sports Direct? Companies will want to be associated with NUFC but the more SD adverts are plastered around the stadium and the whole stadium renaming crap, will only ever put would be sponsors off. Virgin Money was a no brainer. They are on an offensive charm having taken over Northern Rock, to continue sponsoring NUFC's shirt but under the new VM brand, was the logical thing to do. In no other circumstances would Virgin Money want to be associated with NUFC had it not taken over NR. The finances look healthy but more by default than by design. Carroll has basically brought things in line. And, we still owe one man over 130m. At no time in this club's history have we ever owed anyone or any entity so much money. Moot point really, we were owing the same amount to multiple parties and paying over 7m in interest annually. Now we owe Ashley and dont pay any interest, presumably. How is that a bad thing? Because when Ashley sells us this will be recouped, meaning that any interested party will have to pay up 130m before they even think of spending money on players He'll have recouped it long before he sells up at this rate. When we start posting £20m+ profit a season, he'll begin to pay it down in stages. Link to post Share on other sites More sharing options...
Mick Posted March 10, 2012 Share Posted March 10, 2012 We'd have been in the s*** even without those losses if we never got into Europe and the banks weren't lending. Though not getting relegated would have seen us breaking even a year sooner. We would have been in the financial shit without Ashley as we had borrowed way above what we could repay and soon after the takeover the expected credit crunch arrived. Link to post Share on other sites More sharing options...
Guest Howaythetoon Posted March 10, 2012 Share Posted March 10, 2012 We've lost a lot of commercial revenue due to many local firms deciding not to sponsor the club in one form or another since Ashley took over, that and Sports Direct now dominates all advertising. As for attracting other sponsors and increasing commercial revenue, that isn't going to happen because who would want to be associated with Sports Direct? Companies will want to be associated with NUFC but the more SD adverts are plastered around the stadium and the whole stadium renaming crap, will only ever put would be sponsors off. Virgin Money was a no brainer. They are on an offensive charm having taken over Northern Rock, to continue sponsoring NUFC's shirt but under the new VM brand, was the logical thing to do. In no other circumstances would Virgin Money want to be associated with NUFC had it not taken over NR. The finances look healthy but more by default than by design. Carroll has basically brought things in line. And, we still owe one man over 130m. At no time in this club's history have we ever owed anyone or any entity so much money. Moot point really, we were owing the same amount to multiple parties and paying over 7m in interest annually. Now we owe Ashley and dont pay any interest, presumably. How is that a bad thing? Because when Ashley sells us this will be recouped, meaning that any interested party will have to pay up 130m before they even think of spending money on players He'll have recouped it long before he sells up at this rate. When we start posting £20m+ profit a season, he'll begin to pay it down in stages. How the fuck are we going to make £20m+ profit per season? That will never happen. Link to post Share on other sites More sharing options...
madras Posted March 10, 2012 Share Posted March 10, 2012 We've lost a lot of commercial revenue due to many local firms deciding not to sponsor the club in one form or another since Ashley took over, that and Sports Direct now dominates all advertising. As for attracting other sponsors and increasing commercial revenue, that isn't going to happen because who would want to be associated with Sports Direct? Companies will want to be associated with NUFC but the more SD adverts are plastered around the stadium and the whole stadium renaming crap, will only ever put would be sponsors off. Virgin Money was a no brainer. They are on an offensive charm having taken over Northern Rock, to continue sponsoring NUFC's shirt but under the new VM brand, was the logical thing to do. In no other circumstances would Virgin Money want to be associated with NUFC had it not taken over NR. The finances look healthy but more by default than by design. Carroll has basically brought things in line. And, we still owe one man over 130m. At no time in this club's history have we ever owed anyone or any entity so much money. opinion masquerading as fact. Link to post Share on other sites More sharing options...
Stu Posted March 10, 2012 Share Posted March 10, 2012 We've lost a lot of commercial revenue due to many local firms deciding not to sponsor the club in one form or another since Ashley took over, that and Sports Direct now dominates all advertising. As for attracting other sponsors and increasing commercial revenue, that isn't going to happen because who would want to be associated with Sports Direct? Companies will want to be associated with NUFC but the more SD adverts are plastered around the stadium and the whole stadium renaming crap, will only ever put would be sponsors off. Virgin Money was a no brainer. They are on an offensive charm having taken over Northern Rock, to continue sponsoring NUFC's shirt but under the new VM brand, was the logical thing to do. In no other circumstances would Virgin Money want to be associated with NUFC had it not taken over NR. The finances look healthy but more by default than by design. Carroll has basically brought things in line. And, we still owe one man over 130m. At no time in this club's history have we ever owed anyone or any entity so much money. Moot point really, we were owing the same amount to multiple parties and paying over 7m in interest annually. Now we owe Ashley and dont pay any interest, presumably. How is that a bad thing? Because when Ashley sells us this will be recouped, meaning that any interested party will have to pay up 130m before they even think of spending money on players He'll have recouped it long before he sells up at this rate. When we start posting £20m+ profit a season, he'll begin to pay it down in stages. How the fuck are we going to make £20m+ profit per season? That will never happen. Wheyyyy, working from the rough figures provided this week, increase revenue streams by £17m more than our costs increase whether it's through matchday, commercial or media (or a combination of all 3) Link to post Share on other sites More sharing options...
Happy Face Posted March 10, 2012 Share Posted March 10, 2012 aye, Happy Face - and where would we have found the money to cover the losses for the last three seasons? Relegation or not, we were facing huge OP losses with the financial set up as it was. We'd have been in the shit even without those losses if we never got into Europe and the banks weren't lending. Though not getting relegated would have seen us breaking even a year sooner. Er...are you undermining your earlier post intentionally? How so? Link to post Share on other sites More sharing options...
Happy Face Posted March 10, 2012 Share Posted March 10, 2012 We'd have been in the s*** even without those losses if we never got into Europe and the banks weren't lending. Though not getting relegated would have seen us breaking even a year sooner. We would have been in the financial shit without Ashley as we had borrowed way above what we could repay and soon after the takeover the expected credit crunch arrived. I was certainly worried about that, but who knows? We could have got back into Europe and covered the borrowing rather than getting relegated and doubling it. Link to post Share on other sites More sharing options...
Guest Posted March 10, 2012 Share Posted March 10, 2012 We'd have been in the s*** even without those losses if we never got into Europe and the banks weren't lending. Though not getting relegated would have seen us breaking even a year sooner. We would have been in the financial s*** without Ashley as we had borrowed way above what we could repay and soon after the takeover the expected credit crunch arrived. I was certainly worried about that, but who knows? We could have got back into Europe and covered the borrowing rather than getting relegated and doubling it. I doubt it the way we were going. Even if so, ridiculous relying on European football as a main part of your income when we'd just had 3 seasons in mid-table. Link to post Share on other sites More sharing options...
Matt Posted March 10, 2012 Share Posted March 10, 2012 We'd have been in the s*** even without those losses if we never got into Europe and the banks weren't lending. Though not getting relegated would have seen us breaking even a year sooner. We would have been in the financial shit without Ashley as we had borrowed way above what we could repay and soon after the takeover the expected credit crunch arrived. Not really. We had not borrowed beyond our means. We had certainly agreed contracts with players beyond our means. Link to post Share on other sites More sharing options...
Cronky Posted March 10, 2012 Share Posted March 10, 2012 We still owe one man over 130m. At no time in this club's history have we ever owed anyone or any entity so much money. Of course the other way of looking at it is that he's the only owner that's ever put his own money into the club. Link to post Share on other sites More sharing options...
Mick Posted March 10, 2012 Share Posted March 10, 2012 Not really. We had not borrowed beyond our means. We had certainly agreed contracts with players beyond our means. We did both, you can't spend what you haven't got. Link to post Share on other sites More sharing options...
Guest Posted March 10, 2012 Share Posted March 10, 2012 I don't care who you are, spending 4 years sponsorship up front to sign Michael Owen (before even taking into consideration the £90-100k or however much he was on), is not good money sense. Link to post Share on other sites More sharing options...
Matt Posted March 10, 2012 Share Posted March 10, 2012 Not really. We had not borrowed beyond our means. We had certainly agreed contracts with players beyond our means. We did both, you can't spend what you haven't got. Of course you can, you can spend what you can reasonably expect to receive in the future if it's done in the right way. Doing on long-term money-earners like improving the stadium is a good idea. Doing on the money pit that is the transfer market is not. Link to post Share on other sites More sharing options...
Mick Posted March 10, 2012 Share Posted March 10, 2012 Of course you can, you can spend what you can reasonably expect to receive in the future if it's done in the right way. Doing on long-term money-earners like improving the stadium is a good idea. Doing on the money pit that is the transfer market is not. Our gates were falling and we'd already spent future income, the money generated from Level 7 was supposed to be paying for the expansion. Link to post Share on other sites More sharing options...
Matt Posted March 11, 2012 Share Posted March 11, 2012 Our gates were falling and we'd already spent future income, the money generated from Level 7 was supposed to be paying for the expansion. And it was. Link to post Share on other sites More sharing options...
Mick Posted March 11, 2012 Share Posted March 11, 2012 And it was. It wasn't going to for long though, our average gate dropped from just over 52,000 to just over 50,500 and they were only heading one way. At the same time our wage to turnover went from 63% to 72%. We also had almost £7 million compensation for Michael Owen and played 7 home games in the UEFA Cup which were both a 1 off and not likely to happen in a hurry. Link to post Share on other sites More sharing options...
Teasy Posted March 11, 2012 Share Posted March 11, 2012 Wages were actually £62.5m in 2007 http://2.bp.blogspot.com/_jLlqDrcSYeQ/TQc_oO7oUgI/AAAAAAAACrI/TfJP4oPYxNg/s400/5%2BNewcastle%2BProfit.jpg Just about every source I can find on the net says £62.5m, is there an official PDF somewhere for the 2007 accounts? Link to post Share on other sites More sharing options...
Stu Posted March 11, 2012 Share Posted March 11, 2012 Companies House Link to post Share on other sites More sharing options...
Mick Posted March 11, 2012 Share Posted March 11, 2012 Just about every source I can find on the net says £62.5m, is there an official PDF somewhere for the 2007 accounts? I've got them, what do you want to know? Edit It was a stupid question and you're right, the wages were £62.5 million in the 2007 accounts. Link to post Share on other sites More sharing options...
Stu Posted March 11, 2012 Share Posted March 11, 2012 HF in misleading graphic shocker. Link to post Share on other sites More sharing options...
Guest Howaythetoon Posted March 11, 2012 Share Posted March 11, 2012 We've lost a lot of commercial revenue due to many local firms deciding not to sponsor the club in one form or another since Ashley took over, that and Sports Direct now dominates all advertising. As for attracting other sponsors and increasing commercial revenue, that isn't going to happen because who would want to be associated with Sports Direct? Companies will want to be associated with NUFC but the more SD adverts are plastered around the stadium and the whole stadium renaming crap, will only ever put would be sponsors off. Virgin Money was a no brainer. They are on an offensive charm having taken over Northern Rock, to continue sponsoring NUFC's shirt but under the new VM brand, was the logical thing to do. In no other circumstances would Virgin Money want to be associated with NUFC had it not taken over NR. The finances look healthy but more by default than by design. Carroll has basically brought things in line. And, we still owe one man over 130m. At no time in this club's history have we ever owed anyone or any entity so much money. Moot point really, we were owing the same amount to multiple parties and paying over 7m in interest annually. Now we owe Ashley and dont pay any interest, presumably. How is that a bad thing? Because when Ashley sells us this will be recouped, meaning that any interested party will have to pay up 130m before they even think of spending money on players He'll have recouped it long before he sells up at this rate. When we start posting £20m+ profit a season, he'll begin to pay it down in stages. How the f*** are we going to make £20m+ profit per season? That will never happen. Wheyyyy, working from the rough figures provided this week, increase revenue streams by £17m more than our costs increase whether it's through matchday, commercial or media (or a combination of all 3) Never gonna happen. Link to post Share on other sites More sharing options...
Teasy Posted March 11, 2012 Share Posted March 11, 2012 Just about every source I can find on the net says £62.5m, is there an official PDF somewhere for the 2007 accounts? I've got them, what do you want to know? Edit It was a stupid question and you're right, the wages were £62.5 million in the 2007 accounts. Cheers, so despite the average Premier League wage increasing by over 60% since 2007 we've managed to actually decrease our wage bill by 15%. I'm sure that just happened by default though eh HTT? Of course our revenue has only increased by 1.5% since 2007 and the average increase in revenue in the Premier League since 2007 is 38%. Still we'd be much worse off now if our revenue and wage bill actually matched the average increases (115m wage bill and £120m revenue). Also this was our first season back, its pretty likely our revenue will increase in our second season back in the top flight, while I wouldn't be surprised to see our costs remain pretty much the same. Link to post Share on other sites More sharing options...
Happy Face Posted March 11, 2012 Share Posted March 11, 2012 Swissramble in misleading graphic shocker. FYP Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now