alexthegreat Posted February 25, 2014 Share Posted February 25, 2014 Newcastle United PLC Annual Report 2004: Group turnover £90.2m (2003: £96.4m) http://www.nufc.co.uk/staticFiles/68/4/0,,10278~1128,00.pdf Newcastle United 2012/13 Financial Figures The Club's turnover rose to £95.9million - up from £93.3million http://www.nufc.co.uk/articles/20140225/newcastle-united-201213-financial-figures_2281670_3686538 Practically no increase in turnover despite money being poured into the game by television and other clubs doubling or even quadrupling their turnover in the same period. The way Shepherd and Ashley have run the club over the last decade has been shocking. Link to post Share on other sites More sharing options...
oldtype Posted February 25, 2014 Share Posted February 25, 2014 If he took out the disgusting Sports direct lettering next to the Newcastle United sign out I think I may be willing to consider it fair that he's using the advertising space as interest on his loan. I'm not opposed to the idea of him using the space for his benefit per se, it's just the way that he's done it with complete disregard towards the aesthetics and tradition of the stadium. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted February 25, 2014 Share Posted February 25, 2014 If he took out the disgusting Sports direct lettering next to the Newcastle United sign out I think I may be willing to consider it fair that he's using the advertising space as interest on his loan. I'm not opposed to the idea of him using the space for his benefit per se, it's just the way that he's done it with complete disregard towards the aesthetics and tradition of the stadium. Word. Actually I think if it was just a better brand people would have a much smaller problem with what he's done here. Definitely for me, the tackiness is much worse than the financial aspect. Link to post Share on other sites More sharing options...
oldtype Posted February 25, 2014 Share Posted February 25, 2014 If he took out the disgusting Sports direct lettering next to the Newcastle United sign out I think I may be willing to consider it fair that he's using the advertising space as interest on his loan. I'm not opposed to the idea of him using the space for his benefit per se, it's just the way that he's done it with complete disregard towards the aesthetics and tradition of the stadium. Word. Actually I think if it was just a better brand people would have a much smaller problem with what he's done here. Definitely for me, the tackiness is much worse than the financial aspect. Please don't agree with me Ian people are going to hunt me down now Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted February 25, 2014 Share Posted February 25, 2014 I'm not getting much abuse at the moment, I'm keeping it low key. Except from Interpolic obviously. You'll be alright with me lad, just keep your wits about you. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted February 25, 2014 Share Posted February 25, 2014 Do we have any reason to believe he's only here until the debt is paid back? Link to post Share on other sites More sharing options...
r0cafella Posted February 25, 2014 Share Posted February 25, 2014 If we keep giving him free advertising space yet the debt doesn't do down its a win win for him. It's akin to only ever paying the interest on a loan Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted February 25, 2014 Share Posted February 25, 2014 If we keep giving him free advertising space yet the debt doesn't do down its a win win for him. It's akin to only ever paying the interest on a loan But if the advertising is free, and the club still makes a profit, couldn't he also take debt repayments out? TBF, I genuinely don't understand the 'we need debt in the structure' comment. Link to post Share on other sites More sharing options...
Disco Posted February 25, 2014 Share Posted February 25, 2014 If we keep giving him free advertising space yet the debt doesn't do down its a win win for him. It's akin to only ever paying the interest on a loan But if the advertising is free, and the club still makes a profit, couldn't he also take debt repayments out? TBF, I genuinely don't understand the 'we need debt in the structure' comment. He could but then it'd be ran with by the media that he's doing it, currently it's not and he's doing a great job. Either way if the club is bought he gets the same amount. Link to post Share on other sites More sharing options...
Belfast Mags Posted February 25, 2014 Share Posted February 25, 2014 Those accounts are going to keep me warm in bed tonight. Dat profit feel Link to post Share on other sites More sharing options...
jdckelly Posted February 26, 2014 Share Posted February 26, 2014 If we keep giving him free advertising space yet the debt doesn't do down its a win win for him. It's akin to only ever paying the interest on a loan But if the advertising is free, and the club still makes a profit, couldn't he also take debt repayments out? TBF, I genuinely don't understand the 'we need debt in the structure' comment. my only clue is to keep the asking price around the £200m mark besides even if he took £10m out of the club a year its still the best part of 13 years before its paid back and we all know he's not going to write it off. Link to post Share on other sites More sharing options...
merlin Posted February 26, 2014 Share Posted February 26, 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.......... Stuff Anderson - what does he know..? Was a second rate, clumsy fullback, Championship level at best and I WASN'T grateful to see him in a B&W shirt either..! Link to post Share on other sites More sharing options...
merlin Posted February 26, 2014 Share Posted February 26, 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. As long as they keep turning up then that is true...why would you want to be paying for this guy's free advertising at SJP and getting conned into the bargain..? Link to post Share on other sites More sharing options...
Happy Face Posted February 26, 2014 Share Posted February 26, 2014 If we keep giving him free advertising space yet the debt doesn't do down its a win win for him. It's akin to only ever paying the interest on a loan But if the advertising is free, and the club still makes a profit, couldn't he also take debt repayments out? TBF, I genuinely don't understand the 'we need debt in the structure' comment. http://m.ft.com/cms/s/0/0ab3e042-13bb-11e0-814c-00144feabdc0.html I don't see Ashley benefitting because he's not paying interest. However, if anyone else were to buy the club it could be mutually beneficial if Ashley were to charge interest and the buyer were to have some debt built in, for tax avoidance. Link to post Share on other sites More sharing options...
r0cafella Posted February 26, 2014 Share Posted February 26, 2014 If we keep giving him free advertising space yet the debt doesn't do down its a win win for him. It's akin to only ever paying the interest on a loan But if the advertising is free, and the club still makes a profit, couldn't he also take debt repayments out? TBF, I genuinely don't understand the 'we need debt in the structure' comment. my only clue is to keep the asking price around the £200m mark besides even if he took £10m out of the club a year its still the best part of 13 years before its paid back and we all know he's not going to write it off. He's already benefitted from how many years of this free commercial space. It's funny how when the boot is on the other foot and we want to leverage his sports direct assets we have to pay the market rate. The man is a fucking leach Link to post Share on other sites More sharing options...
Happy Face Posted February 26, 2014 Share Posted February 26, 2014 ...or ashley might start charging interest himself if our profits continue long enough to incur a tax charge that he'd prefer to avoid. Link to post Share on other sites More sharing options...
Big Geordie Posted February 26, 2014 Share Posted February 26, 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. As long as they keep turning up then that is true...why would you want to be paying for this guy's free advertising at SJP and getting conned into the bargain..? I actually liked Ando as a player. But yes, as long as supporters keep on getting season tickets, he's not gonna go anywhere. Link to post Share on other sites More sharing options...
sempuki Posted February 26, 2014 Share Posted February 26, 2014 We will probably have £40-50m in the bank in the Summer and that is the sort of figure that will be needed to replace Colo, Cabaye, Remy and possibly pay for De Jong. Not including other potential departures such as Ben Arfa either. Not going to happen though. Link to post Share on other sites More sharing options...
Yorkie Posted February 26, 2014 Share Posted February 26, 2014 I'll be surprised if we spend more than £19m on transfer fees. Link to post Share on other sites More sharing options...
Incognito Posted February 26, 2014 Share Posted February 26, 2014 Come the summer they'll be polishing off the " better business value wise in January" bullshit. Link to post Share on other sites More sharing options...
Jayson Posted February 26, 2014 Share Posted February 26, 2014 Surely the side benefiting from his free advertising/no interest argument is determined by the difference between the interest he could be charging us & the revenue we could be getting through the advertising. Link to post Share on other sites More sharing options...
Yorkie Posted February 26, 2014 Share Posted February 26, 2014 Surely the side benefiting from his free advertising/no interest argument is determined by the difference between the interest he could be charging us & the revenue we could be getting through the advertising. That's a fair comment but my problem isn't with the specific numbers - I just think it's cheeky (or "deliberately misleading") to call it interest-free when, really, it isn't, depending on your definition of interest. The stadium has been used as collateral; resulting in it being defaced and made a mockery of, seemingly as an indirect result of Ashley's loan. Then comes the lost revenue side of things (~£5m a year), and how his company has benefited from getting this exposure for nowt. It just seems that all of Ashley's motivations are enveloped in a attitude of cuntery towards something I care so dearly about. Link to post Share on other sites More sharing options...
Jayson Posted February 26, 2014 Share Posted February 26, 2014 Oh yeah the gratitude angle? Be thankful that im not charging my own club interest? Its yours man. You should want it to be the best it could be. What if he did charge interest anyway? He has to keep us in this league to maintain his assets value, so he'd have to put some more money in himself rather than us create it & (so kindly) not lose it through interest as we are atm. Its the same. Link to post Share on other sites More sharing options...
Cronky Posted February 26, 2014 Share Posted February 26, 2014 Surely the side benefiting from his free advertising/no interest argument is determined by the difference between the interest he could be charging us & the revenue we could be getting through the advertising. That's a fair comment but my problem isn't with the specific numbers - I just think it's cheeky (or "deliberately misleading") to call it interest-free when, really, it isn't, depending on your definition of interest. The stadium has been used as collateral; resulting in it being defaced and made a mockery of, seemingly as an indirect result of Ashley's loan. Then comes the lost revenue side of things (~£5m a year), and how his company has benefited from getting this exposure for nowt. It just seems that all of Ashley's motivations are enveloped in a attitude of cuntery towards something I care so dearly about. They should have been more honest about the advertising. Financially, the cost of the advertising and the loss of interest probably do balance out, but they should have been open about it from the start. Link to post Share on other sites More sharing options...
Yorkie Posted February 26, 2014 Share Posted February 26, 2014 Like I say - my main gripe here is how they perpetuate total bullshit. Before we even get to the way the stadium has turned into a SD stickerbook. I'm grateful for having a club that exists without the threat of liquidation. But, regarding the £129m, I feel the collateral damage has been over-the-top. His 'interest-free' loan has been at the expense of the stadium's appearance/name; it's indirectly influenced the stringent and narrow transfer policy; it's influenced the choice of manager; it seems that it's influenced everything. If this £129m is at the forefront of Ashley's mind, it's been at the expense of the club's progression - regardless of wherever it was going under Shepherd. All the while, spinning stories about how grateful we should be and coming across thoroughly patronising at the same time. It gets under my skin something rotten. Link to post Share on other sites More sharing options...
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