morpeth mag Posted February 25, 2014 Share Posted February 25, 2014 Most owners are using accountancy rules to get money into clubs ahead of FFP with high levels of sponsorship. MA on the other hand is taking money out through the free advertising to limit his club. The £111m is a red herring as effectively this was in the purchase price, he only got the club for £140m as we owed £111m for the stadium build. Obviously he could have forced the club to borrow commercially to cover this but with no substantive assets the interest would be high. There is an element of MA giving with one hand and taking with the other. What I don't understand is why SD don't pay top dollar as he only owns 70 of SD but all of NUFC. Maybe there are governance issues with SD being listed. Link to post Share on other sites More sharing options...
Shearergol Posted February 25, 2014 Share Posted February 25, 2014 So this finally shows that the only reason he's here is to advertise SD. Wouldn't European competition actually help that? Link to post Share on other sites More sharing options...
Wullie Posted February 25, 2014 Share Posted February 25, 2014 So this finally shows that the only reason he's here is to advertise SD. Wouldn't European competition actually help that? Nope, not allowed to advertise anything other than official UEFA sponsors. Link to post Share on other sites More sharing options...
Shearergol Posted February 25, 2014 Share Posted February 25, 2014 So this finally shows that the only reason he's here is to advertise SD. Wouldn't European competition actually help that? Nope, not allowed to advertise anything other than official UEFA sponsors. Good point. Shit. Stuck with him and attempts to not get relegated for the next 10 years then. Link to post Share on other sites More sharing options...
Parky Posted February 25, 2014 Share Posted February 25, 2014 The accounts look rock. Next year it will look like we own a secret casino spewing money into the club. Link to post Share on other sites More sharing options...
Weezertron Posted February 25, 2014 Share Posted February 25, 2014 Will we eventually become the richest club in the world? Link to post Share on other sites More sharing options...
Parky Posted February 25, 2014 Share Posted February 25, 2014 Will we eventually become the richest club in the world? Yeah. Link to post Share on other sites More sharing options...
Weezertron Posted February 25, 2014 Share Posted February 25, 2014 Save up money for the remainder of pardews contract. When he leaves, we get a new manager and spunk all the money on winning/buying the league. Link to post Share on other sites More sharing options...
Jackie Broon Posted February 25, 2014 Share Posted February 25, 2014 Advertising revenue is VATable, if the club are allowing SD to advertise for 'free' as some sort of unofficial deferred interest on Ashley's 'interest free' loan, surely there should be be VAT due on that somewhere along the line? Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted February 25, 2014 Share Posted February 25, 2014 Not really, if no transaction takes place then no VAT is due, surely? You can't have theoretical VAT on non-purchases can you? Link to post Share on other sites More sharing options...
Guest neesy111 Posted February 25, 2014 Share Posted February 25, 2014 Not really, if no transaction takes place then no VAT is due, surely? You can't have theoretical VAT on non-purchases can you? Nope, hence the reason it's called Value Added Tax as it needs to be added onto something. Link to post Share on other sites More sharing options...
Disco Posted February 25, 2014 Share Posted February 25, 2014 So this finally shows that the only reason he's here is to advertise SD. Wouldn't European competition actually help that? Nope, not allowed to advertise anything other than official UEFA sponsors. We did in the Europa League though. Always baffled me why he doesn't go full hog and just stick it on the kits n all. Club could definitely afford it now if they were paying bot all (which they would). Link to post Share on other sites More sharing options...
Dave Posted February 25, 2014 Share Posted February 25, 2014 Sure I can remember "£33m" coming from Pardew or Llambias or someone, re last January. Shock horror it was £5m less than that over two transfer windows. http://www.bbc.co.uk/sport/0/football/21965516 There will be a spend in the summer in January we had a net £31m spend http://www.nufc.co.uk/articles/20140225/newcastle-united-201213-financial-figures_2281670_3686538 the Club's cash outlay on players was £28.7million the £11.1million it recouped on outgoing players http://www.telegraph.co.uk/sport/football/teams/newcastle-united/6254527/Kevin-Keegan-awarded-2m-in-damages-statement-in-full.html The Club admitted to the Tribunal that it repeatedly and intentionally misled the press, public and the fans of Newcastle United. Link to post Share on other sites More sharing options...
Big Geordie Posted February 25, 2014 Share Posted February 25, 2014 Makes for depressing reading, apart from the Ashley apologists. Just reaffirms that the club is being used to promote Sports Direct, at the expense of the club itself. And since this is successful for him, why would he look to sell as long as the TV cash keeps on coming, along with selling our best players? He's got the fans by the bollocks and knows it too. Link to post Share on other sites More sharing options...
cp40 Posted February 25, 2014 Share Posted February 25, 2014 Makes for depressing reading, apart from the Ashley apologists. Just reaffirms that the club is being used to promote Sports Direct, at the expense of the club itself. And since this is successful for him, why would he look to sell as long as the TV cash keeps on coming, along with selling our best players? He's got the fans by the bollocks and knows it too. but John Anderson says all is well and you are ungrateful.......... Link to post Share on other sites More sharing options...
Ryan_Taylor Posted February 25, 2014 Share Posted February 25, 2014 So this finally shows that the only reason he's here is to advertise SD. Wouldn't European competition actually help that? Nope, not allowed to advertise anything other than official UEFA sponsors. But it's written on the fucking roof! Link to post Share on other sites More sharing options...
Guest chopey Posted February 25, 2014 Share Posted February 25, 2014 We are now confirmed as a football player farm/advertising board ..................................FOOTBAAAAAALLLL Link to post Share on other sites More sharing options...
Big Geordie Posted February 25, 2014 Share Posted February 25, 2014 Makes for depressing reading, apart from the Ashley apologists. Just reaffirms that the club is being used to promote Sports Direct, at the expense of the club itself. And since this is successful for him, why would he look to sell as long as the TV cash keeps on coming, along with selling our best players? He's got the fans by the bollocks and knows it too. but John Anderson says all is well and you are ungrateful.......... Ando does what Radio Newcastle tell him, I imagine. If he were too critical of the club, he would find himself out of a job. Radio Newcastle say they aren't the mouthpiece of the club, but I think they pander to them as much as The Chronicle used to. Link to post Share on other sites More sharing options...
Guest Posted February 25, 2014 Share Posted February 25, 2014 So this finally shows that the only reason he's here is to advertise SD. Wouldn't European competition actually help that? Nope, not allowed to advertise anything other than official UEFA sponsors. Hmm not sure about that, I remember the Sports Direct hoardings in the languages of each opposition we faced last season. Champions League may be. Link to post Share on other sites More sharing options...
Guest chopey Posted February 25, 2014 Share Posted February 25, 2014 So this finally shows that the only reason he's here is to advertise SD. Wouldn't European competition actually help that? Nope, not allowed to advertise anything other than official UEFA sponsors. But it's written on the f***ing roof! Those old codgers from Wonga repainted the roof Link to post Share on other sites More sharing options...
Incognito Posted February 25, 2014 Share Posted February 25, 2014 I can see us winning the NASDAQ 100 before too long I really can. Link to post Share on other sites More sharing options...
Ryan_Taylor Posted February 25, 2014 Share Posted February 25, 2014 So this finally shows that the only reason he's here is to advertise SD. Wouldn't European competition actually help that? Nope, not allowed to advertise anything other than official UEFA sponsors. But it's written on the f***ing roof! Those old codgers from Wonga repainted the roof I meant the plastic lettering on the east stand. Forgot it was painted on the Gallowgate Link to post Share on other sites More sharing options...
Ryan_Taylor Posted February 25, 2014 Share Posted February 25, 2014 So this finally shows that the only reason he's here is to advertise SD. Wouldn't European competition actually help that? Nope, not allowed to advertise anything other than official UEFA sponsors. Hmm not sure about that, I remember the Sports Direct hoardings in the languages of each opposition we faced last season. Champions League may be. Now available in Greece ect. Link to post Share on other sites More sharing options...
WarrenBartonCentrePartin Posted February 25, 2014 Share Posted February 25, 2014 The fact that he's getting that advertising free for space as a justification for the 'interest free' debt we owe him means he will not seek to get the money back until he sells the club. He's milking money out of the club through lost advertising yet not reducing the debt. I mean I wouldn't mind as much, but don't call it interest free you f***ing obese pig. This. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted February 25, 2014 Share Posted February 25, 2014 I dunno. The value of the advertising is still a fraction of the loan. I know what you mean though, it's a dodgy justification for free advertising. They should just say he's taking it as a benefit of owning us, which is normal-ish when someone owns two related businesses. Link to post Share on other sites More sharing options...
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