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NUFC Accounts 2012/13 published: PROFIT - from Page 7


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Even accepting the rest of the article, which I don't want to go into, isn't the 'Ashley can afford the debt he's incurred' point incredibly important? Even if that was the only thing he'd done right, for the sake of argument, in itself it would mean he'd brought the club back from an unsustainable financial position, no?

 

And also, since it admits the fact that Shepherd was running us at unaffordable levels of loss, it could also be used to justify at least some of the cost cutting that's been done.

 

Does that analysis show Ashley isn't a genius of football finance and revenue maximisation? Sure it does. But did anyone ever claim he was?

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Even accepting the rest of the article, which I don't want to go into, isn't the 'Ashley can afford the debt he's incurred' point incredibly important? Even if that was the only thing he'd done right, for the sake of argument, in itself it would mean he'd brought the club back from an unsustainable financial position, no?

 

And also, since it admits the fact that Shepherd was running us at unaffordable levels of loss, it could also be used to justify at least some of the cost cutting that's been done.

 

Does that analysis show Ashley isn't a genius of football finance and revenue maximisation? Sure it does. But did anyone ever claim he was?

 

I quote a certain somebody congratulating him for the good work in the post itself.  :laugh:

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Good work HF. As damning as that analysis is, it's not until you compare to our traditional rivals that you realise how badly we have been mismanaged financially (as well as otherwise).

 

Aye someone on Twitter just came out with the global recession excuse, i had to break out this bad boy on him....

 

http://i41.tinypic.com/161l5ao.jpg

 

Love a Friday nmight on the graphs  :aww:

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Guest neesy111

Basically Mike Ashley has made this club smaller in terms of revenue and our standing in the PL.  Nice going you fat cunt.

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Good work HF. As damning as that analysis is, it's not until you compare to our traditional rivals that you realise how badly we have been mismanaged financially (as well as otherwise).

 

Aye someone on Twitter just came out with the global recession excuse, i had to break out this bad boy on him....

 

http://i41.tinypic.com/161l5ao.jpg

 

 

 

Based upon this... Part 2...

 

http://nufc-ashlies.blogspot.co.uk/2014/03/the-myth-of-mike-ashleys-financial.html

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Good work HF. As damning as that analysis is, it's not until you compare to our traditional rivals that you realise how badly we have been mismanaged financially (as well as otherwise).

 

Aye someone on Twitter just came out with the global recession excuse, i had to break out this bad boy on him....

 

http://i41.tinypic.com/161l5ao.jpg

 

 

 

Based upon this... Part 2...

 

http://nufc-ashlies.blogspot.co.uk/2014/03/the-myth-of-mike-ashleys-financial.html

 

That's a good read and well presented  :thup:

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Basically Mike Ashley has made this club smaller in terms of revenue and our standing in the PL.  Nice going you fat c***.

 

But his overall business is doing well.  NUFC is just a cog.

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Basically Mike Ashley has made this club smaller in terms of revenue and our standing in the PL.  Nice going you fat c***.

 

But his overall business is doing well.  NUFC is just a cog.

 

:thup: A well oiled constant advertising campaign.

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