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


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They'll show everything for that particular period, past accounts show the rest.  If there's anything to show of course, can't remember if there was a planned repayment of any kind for this period (last last year AFAIR), someone else will have to remind me.

 

EDIT:

 

The final £18m of the £29m Ashley put in a few seasons ago should be repaid in this set of accounts.  He'd then have to declare if any of the original £111m loan is to be paid in the following year.  Which is something he said he wouldn't do, so we'll find out if he sticks to that.

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Be great if they cooked the books, got done for fraud then had to share a cell with a sex-crazed nutjob.

Placing the club in administration in the process. Aye.

And no one would buy us because we're a club riddled with debt- oh wait.

 

I wish that's how it works anyway.

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Guest pont-toon

Be great if they cooked the books, got done for fraud then had to share a cell with a sex-crazed nutjob.

Placing the club in administration in the process. Aye.

 

Or even placing the club in the hands of same sex crazed nutjob !

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Guest bimpy474

Whats all this £111 million loan ? he bought the club warts and all. Newcastle United doesn't owe Ashley a penny.

 

It's the debts he discovered the club had because he failed to get due diligence done on the club finances, he paid them all off hence the £111m loan. It's interest free so we get no more debt build up on it.

 

But he wants that paid back to him if he sells.

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Yay, we can see all those billions Ashley's apparently pocketed, can't wait!

 

If Ashley had increased the club's revenues such that it was in a position for him to pocket trillions while doing its utmost to strengthen the squad year on year, then I doubt many would be complaining. We've made something like £40m profit from transfers over 5 years, and he's only been able to pay off £11m of his self-created debt so far. Yet some would have you believe that the club's never been healthier.  :hmm:

 

 

They'll show everything for that particular period, past accounts show the rest.  If there's anything to show of course, can't remember if there was a planned repayment of any kind for this period (last last year AFAIR), someone else will have to remind me.

 

EDIT:

 

The final £18m of the £29m Ashley put in a few seasons ago should be repaid in this set of accounts.  He'd then have to declare if any of the original £111m loan is to be paid in the following year.  Which is something he said he wouldn't do, so we'll find out if he sticks to that.

 

Unfortunately, I think the need to bring in some players in Jan 13 meant we couldn't pay Mike the £18m we would have hoped to. :sad:

This was mentioned in the fans forum meeting when asked by the NUST member who was subsequently banned.

 

The club spent a net £30m* in January because of the league position at that time but also in the knowledge that the TV deal would create an inflated market.

£11m was duly paid back, with £18m due to be paid back. That sum has not been paid back yet, nor is there an intention to pay it back this season.

 

*This figure is incorrect

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Do you really think people would be that interested in revenue UV? Have my doubts I must admit.

 

Higher revenue means you can sustain a higher wage bill and possibly even dare to spend money on incoming transfers without selling players first. Yes I think people would be indirectly interested, and guess what, that interest might even increase revenue further. Revolutionary thinking I know.

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