Wullie Posted August 15, 2013 Share Posted August 15, 2013 We don't need subsidy from the owner. What it is about that simple concept that you cannot grasp? We post much more profit than most other Premier League clubs. Much more than Tottenham, Everton, sunderland, Liverpool, and that's with Mike Ashley grasping his loan back year-on-year. Must have bills to pay, the poor soul. Where does the money come from then? Am I missing something incredibly obvious here? I know players are assets once they arrive, but obviously that can't mean that anyone can just spend infinite money. You still need cash. We never posted a profit over £10m... therefore if we spend more than that we start incurring losses that add to our debt, right? Ian. If we spent £10m tomorrow on a player on a five year deal, the profit the day after would still be £10m. Next year (assuming a hypothetical situation in which every other single thing remains constant), the profit posted would be £8m. Please understand this. How many times? Your profit numbers are completely and utterly irrelevant to the argument. Aren't you confusing P&L with balance sheet? I understand how player values are accounted for as assets, but increasing spending still increases debt right? It doesn't increase debt if you've got the money Ian. The massive TV deal says that we have. Ah right, yep, we should invest a lot of that money. But we don't get it until the end of the season. We could borrow against it spend it I'm advance I guess, might be a good idea. Doesn't strike me as something Ashley would go for mind. Again, this comes back to our ludicrous decision to pay for all transfers in advance, which every other club thinks is a fucking stupid thing to do, which is why they don't do it. When it's guaranteed money, there's really no issue. I know I'm getting paid at the end of the month so if I want a pair of shoes, I'll buy a pair, not wait three weeks and walk round with a plastic bag on my feet until then. Link to post Share on other sites More sharing options...
Wullie Posted August 15, 2013 Share Posted August 15, 2013 Just a quick question. If a football club doesn't spend any money that it makes on new players to improve the team and give the supporters a bit of hope and optimism, then what else does it spend it on ? My season ticket costs the best part of £600 and I expect that to be spent on players to improve the quality of the football I watch. It spends it on Mike Ashley's loan mate, which is good for us because Portsmouth. Link to post Share on other sites More sharing options...
Shush Posted August 15, 2013 Share Posted August 15, 2013 We don't need subsidy from the owner. What it is about that simple concept that you cannot grasp? We post much more profit than most other Premier League clubs. Much more than Tottenham, Everton, sunderland, Liverpool, and that's with Mike Ashley grasping his loan back year-on-year. Must have bills to pay, the poor soul. Where does the money come from then? Am I missing something incredibly obvious here? I know players are assets once they arrive, but obviously that can't mean that anyone can just spend infinite money. You still need cash. We never posted a profit over £10m... therefore if we spend more than that we start incurring losses that add to our debt, right? Ian. If we spent £10m tomorrow on a player on a five year deal, the profit the day after would still be £10m. Next year (assuming a hypothetical situation in which every other single thing remains constant), the profit posted would be £8m. Please understand this. How many times? Your profit numbers are completely and utterly irrelevant to the argument. Aren't you confusing P&L with balance sheet? I understand how player values are accounted for as assets, but increasing spending still increases debt right? It doesn't increase debt if you've got the money Ian. The massive TV deal says that we have. Ah right, yep, we should invest a lot of that money. But we don't get it until the end of the season. We could borrow against it spend it I'm advance I guess, might be a good idea. Doesn't strike me as something Ashley would go for mind. Again, this comes back to our ludicrous decision to pay for all transfers in advance, which every other club thinks is a fucking stupid thing to do, which is why they don't do it. When it's guaranteed money, there's really no issue. I know I'm getting paid at the end of the month so if I want a pair of shoes, I'll buy a pair, not wait three weeks and walk round with a plastic bag on my feet until then. Get the point, but we are quite way off that in footballing terms in fairness. Link to post Share on other sites More sharing options...
Unbelievable Posted August 15, 2013 Share Posted August 15, 2013 If Ashley takes too much out I will criticise him for it. If we get the new TV money and don't invest enough, I will criticise that as well. But that doesn't change the overall position I just explained. Wow, so we'll be spending that extra 40 million TV money next summer. The Championship won't know what hit them.. Link to post Share on other sites More sharing options...
Guest chopey Posted August 15, 2013 Share Posted August 15, 2013 If Ashley takes too much out I will criticise him for it. If we get the new TV money and don't invest enough, I will criticise that as well. But that doesn't change the overall position I just explained. Wow, so we'll be spending that extra 40 million TV money next summer. The Championship won't know what hit them.. HaHa exactly Link to post Share on other sites More sharing options...
colinmk Posted August 15, 2013 Share Posted August 15, 2013 Keegan used to always say that the season ticket money always be spent on improving the team, under Ashley we dont even spend the pie money Aye it's tough to know who to believe, a football legend who is a passionate fan of the club or the billionaire owner of Sports Direct who's personality looks like this. http://www.nufcblog.org/wp-content/uploads/2011/09/mike-ashley-360.jpg Link to post Share on other sites More sharing options...
Wullie Posted August 15, 2013 Share Posted August 15, 2013 Insisting that we must wait until we have the money in the bank before we spend a penny only works if all the other clubs are doing the same. Which they're not, which means even if we survived and spent next summer, we're going to be playing catch up. Link to post Share on other sites More sharing options...
Elliottman Posted August 15, 2013 Share Posted August 15, 2013 Always crease at those Ashley photos. He's having such a good time. Link to post Share on other sites More sharing options...
Dave Posted August 15, 2013 Share Posted August 15, 2013 If Ashley takes too much out I will criticise him for it. If we get the new TV money and don't invest enough, I will criticise that as well. But that doesn't change the overall position I just explained. Wow, so we'll be spending that extra 40 million TV money next summer. The Championship won't know what hit them.. Amazing how many times it's been 'next summer...'. Link to post Share on other sites More sharing options...
Kanj Posted August 15, 2013 Share Posted August 15, 2013 This whole financial prudence crap the ownership, board, and press have been spewing is all a bit weak in argument when not a single club in the top flight operates in the manner in which we do. If they're tight on the transfer kitty or wage structure, they at least make decisions that have a pattern of sense or plan. Some clubs can't spend b/c they don't have money, or some clubs will only splash the cash when they have it. But we have a multi billionaire owner and are a top 20 club in terms of finances (riches) or whatever you want to call it, yet his idea of being self sufficient is absolutely ridiculous. Opportunities to grow the club and business were never taken on at arguably our best possible time last summer. He's taking, been taking and will continue to take the piss out of us until he finally sells up. Link to post Share on other sites More sharing options...
TRon Posted August 15, 2013 Share Posted August 15, 2013 If Liverpool committed such a cardinal financial sin, how come they haven't gone out of business? How come they're still spending and spending? The Premier League clubs are swimming in money, some people haven't quite grasped this. They can afford to spend big money with very little consequence. Ian, funny how you agreed with TT saying that spending doesn't bring success, yet also claim we can't compete with Arsenal, Liverpool, Spurs, because they've got more money than we have. It's one or the other, you can't have both. If we don't trust Graham Carr's choices enough to spend the asking price, why is he employed? I am still catching up with this thread so this is unrelated to the general lack of spending by us, but Liverpool were up shit creek without a paddle under their previous owners, but they got turfed out on a technicality and all Liverpool's losses went against the owners and the club got out of what could have been a real financial mess. I don't remember the exact circumstances but I remember thinking nothing ever sticks on these jammy bastards. Link to post Share on other sites More sharing options...
TRon Posted August 15, 2013 Share Posted August 15, 2013 Because they need to? Plenty of clubs that finished above us have in invested significantly. If they needed to, why don't we? Because they don't have a squad of the same talent as ours? Because they overperformed last season? Because we underperformed last season? Because Pardew? Pardew is here though. We could have invested in a replacement for him if we felt he was what was holding us back, but chose not to. This is not just about the players, it's about having just come off a season where we survived by the skin of our teeth, coming out with noises about lessons learned and yet going into the new season with near enough the same setup. It's indefensible. I think this is where the financial prudence argument falls down. You can defend buying players on the cheap because of contract situations, but doing the same at operational levels like DOFs and team manager is lunacy. Link to post Share on other sites More sharing options...
Fenham Mag Posted August 15, 2013 Share Posted August 15, 2013 Keegan used to always say that the season ticket money always be spent on improving the team, under Ashley we dont even spend the pie money Aye it's tough to know who to believe, a football legend who is a passionate fan of the club or the billionaire owner of Sports Direct who's personality looks like this. http://www.nufcblog.org/wp-content/uploads/2011/09/mike-ashley-360.jpg I keep on thinking that is a photoshop or a lookalike. Link to post Share on other sites More sharing options...
Guest H09 Posted August 15, 2013 Share Posted August 15, 2013 Perfect, he will be back just in time for the window closing, like a new signing, don't need anyone else now. Link to post Share on other sites More sharing options...
toontownman Posted August 15, 2013 Share Posted August 15, 2013 At this point I feel its an absolute miracle we got him to sign. Link to post Share on other sites More sharing options...
henke Posted August 16, 2013 Share Posted August 16, 2013 Keegan used to always say that the season ticket money always be spent on improving the team, under Ashley we dont even spend the pie money Aye it's tough to know who to believe, a football legend who is a passionate fan of the club or the billionaire owner of Sports Direct who's personality looks like this. http://www.nufcblog.org/wp-content/uploads/2011/09/mike-ashley-360.jpg I keep on thinking that is a photoshop or a lookalike. I think he actually looks slimmer with his top off. Link to post Share on other sites More sharing options...
merlin Posted August 16, 2013 Share Posted August 16, 2013 Needs to mention that business is all about getting a better deal for yourself than you give to your suppliers. Funny how clubs like Swansea and Saints are better at it than us then - would YOU sell your house to some shyster for less than the market value ? Answers on a postcard to M Ashley, Sports Direct etc etc.... Link to post Share on other sites More sharing options...
KaKa Posted August 16, 2013 Share Posted August 16, 2013 This Loic Remy has been a pain in the ass from day one. Looks like that's set to continue for a little while yet. Link to post Share on other sites More sharing options...
Guest icemanblue Posted August 16, 2013 Share Posted August 16, 2013 No, he hasn't. Just shut up. Link to post Share on other sites More sharing options...
NG32 Posted August 16, 2013 Share Posted August 16, 2013 Link to post Share on other sites More sharing options...
KaKa Posted August 16, 2013 Share Posted August 16, 2013 No, he hasn't. Just shut up. What a soft bitch! f*** you. Link to post Share on other sites More sharing options...
Guest icemanblue Posted August 16, 2013 Share Posted August 16, 2013 The asterisks' hurt the most. Link to post Share on other sites More sharing options...
The College Dropout Posted August 16, 2013 Share Posted August 16, 2013 Wenger's the man. Has his crown jewels asset-stripped on a bi-annual basis, doesn't get/to spend jack, and still leapfrogs Spurs in April and into the CL every year He won't do it this year imo. Not unless he gets Suarez. That's what they said when they sold Fab/nasri, then again when RVP went. Link to post Share on other sites More sharing options...
Anderson Posted August 19, 2013 Share Posted August 19, 2013 Rumours he's going to plead guilty to the charges against him after watching tonight's game. Link to post Share on other sites More sharing options...
KaKa Posted August 19, 2013 Share Posted August 19, 2013 Pardew mentioned he wasn't far away today. Desperation creeping in already. Link to post Share on other sites More sharing options...
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