Interpolic Posted February 25, 2014 Share Posted February 25, 2014 If he's just gonna let profits sit in the bank and toss off over them without spending it, I'd rather he just took some of it and lowered the debt owed to him. Ah but his supporters wouldn't be able to use the justification of him not spending a dime on those matchday advertising countered by not seeking interest on his loan though. Steve Cole (SC): What is the saving that Sports Direct makes on advertising around the stadium? The Club suggested that while it is always proactively looking to attract new commercial partners and to sell that advertising space, in the current climate it could not command a sum for that space anywhere close to the £129m invested into the club interest free by the owner. Now we know why he doesn't take back any of that loan. Wow. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted February 25, 2014 Share Posted February 25, 2014 That's a mad justification, surprised they would actually put that on record. Link to post Share on other sites More sharing options...
Deuce Posted February 25, 2014 Share Posted February 25, 2014 The profit / debt repayments on next year's accounts will be mental, having seen 2 transfer windows with no transfer spend, numerous high earners shifted off the books and £20m+ brought in by player sales. N-O tailgate for next year's accounts? I can't wait to feast on boiled sausage and tinned beans. Link to post Share on other sites More sharing options...
afar Posted February 25, 2014 Share Posted February 25, 2014 The profit / debt repayments on next year's accounts will be mental, having seen 2 transfer windows with no transfer spend, numerous high earners shifted off the books and £20m+ brought in by player sales. N-O tailgate for next year's accounts? I can't wait to feast on boiled sausage and tinned beans. They don't do tail gates over there but it is like the cup final for a lot of people on the board isn't it ? Link to post Share on other sites More sharing options...
Nobody Posted February 25, 2014 Share Posted February 25, 2014 Match day turnover (season tickets, gates, hospitality) increased significantly due to good season ticket renewals and extra UEFA Europa League games. Media turnover (TV) was lower due to the 16th-place PL finish but was slightly offset by additional income received from advancing to the Quarter Final stage of the UEFA Europa League. Hold on, I thought we were told that the Europa League wasn't worth it? Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted February 25, 2014 Share Posted February 25, 2014 Match day turnover (season tickets, gates, hospitality) increased significantly due to good season ticket renewals and extra UEFA Europa League games. Media turnover (TV) was lower due to the 16th-place PL finish but was slightly offset by additional income received from advancing to the Quarter Final stage of the UEFA Europa League. Hold on, I thought we were told that the Europa League wasn't worth it? I think the overall argument is that the benefit was offset by the lower PL position. Link to post Share on other sites More sharing options...
jdckelly Posted February 25, 2014 Share Posted February 25, 2014 Match day turnover (season tickets, gates, hospitality) increased significantly due to good season ticket renewals and extra UEFA Europa League games. Media turnover (TV) was lower due to the 16th-place PL finish but was slightly offset by additional income received from advancing to the Quarter Final stage of the UEFA Europa League. Hold on, I thought we were told that the Europa League wasn't worth it? I think the overall argument is that the benefit was offset by the lower PL position. yep. partly their own fault given at the start of the season the squad was nowhere near good enough to cope with the additional fixtures. Link to post Share on other sites More sharing options...
Nobody Posted February 25, 2014 Share Posted February 25, 2014 Match day turnover (season tickets, gates, hospitality) increased significantly due to good season ticket renewals and extra UEFA Europa League games. Media turnover (TV) was lower due to the 16th-place PL finish but was slightly offset by additional income received from advancing to the Quarter Final stage of the UEFA Europa League. Hold on, I thought we were told that the Europa League wasn't worth it? I think the overall argument is that the benefit was offset by the lower PL position. So it's worth being in the EL then. Cool. Link to post Share on other sites More sharing options...
Guest chopey Posted February 25, 2014 Share Posted February 25, 2014 £8 million a year in lost advertising since 2007 ..............................That's £56 million you owe us Ashley Link to post Share on other sites More sharing options...
jdckelly Posted February 25, 2014 Share Posted February 25, 2014 is there a breakdown of the individual numbers for matchday, media and commercial etc? Link to post Share on other sites More sharing options...
alexf Posted February 25, 2014 Share Posted February 25, 2014 The bit about sportsdirect is pretty disgusting. So he gets to advertise because we owe him the loan. But the loan never gets reduced with the cost of the advertising space? What a joke Link to post Share on other sites More sharing options...
Disco Posted February 25, 2014 Share Posted February 25, 2014 The profit / debt repayments on next year's accounts will be mental, having seen 2 transfer windows with no transfer spend, numerous high earners shifted off the books and £20m+ brought in by player sales. First thing I thought, I'm almost to the point I just want him to take his money back so he can fuck all rather than doing absolutely fuck all but hold the club stagnantly hostage. Link to post Share on other sites More sharing options...
AyeDubbleYoo 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...
Jtm_92 Posted February 25, 2014 Share Posted February 25, 2014 The profit / debt repayments on next year's accounts will be mental, having seen 2 transfer windows with no transfer spend, numerous high earners shifted off the books and £20m+ brought in by player sales. First thing I thought, I'm almost to the point I just want him to take his money back so he can f*** all rather than doing absolutely f*** all but hold the club stagnantly hostage. I definitely want this. We just need someone who has a lot of money, we could ask carlos slim, he has tonnes of money. Link to post Share on other sites More sharing options...
Disco 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? Not at all, probably just wants to annoy as many people as possible because someone called him a fat prick at the match once. I have absolutely no idea why we're stockpiling profit and not investing in anything (bar training ground). It's annoying me. Link to post Share on other sites More sharing options...
Rich 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? Not at all, probably just wants to annoy as many people as possible because someone called him a fat prick at the match once. I have absolutely no idea why we're stockpiling profit and not investing in anything (bar training ground). It's annoying me. Two words: war chest. Link to post Share on other sites More sharing options...
Yorkie 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. Link to post Share on other sites More sharing options...
Nobody 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. Dave said Llambias said £31m net in January Link to post Share on other sites More sharing options...
jdckelly 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. Dave said Llambias said £31m net in January well when you put in the contracts for a billion years and how much was spent on drink while they were negotiating the deals last jan........... Link to post Share on other sites More sharing options...
Leazes1986 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 fucking obese pig. Link to post Share on other sites More sharing options...
Minhosa 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? 'Hope' Ian. Link to post Share on other sites More sharing options...
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...
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