Dokko Posted August 16, 2013 Share Posted August 16, 2013 Basically we make loads of money, and outgoings don't matter. We're rich only Ashley is keeping it all for himself so he can dive in to it ala Scrooge McDuck. I think that's what he's saying. I honestly don't get it. I feel like I've missed something incredibly important. As far as I knew, if you were spending loads more than you were earning then that would lead to increased debt. I can't see how that can exist alongside being able to spend as much as you want. I'm genuinely not having a go either, I'm just stumped. Aye but players are worth money over their contract, so buying them means we are valued the same, like that makes all the difference especially to what we have to spend. This bullshit is why I dropped the conversation yesterday, so much crap flying around to try and cloud things, totally pointless trying to wade through it all. Ah right, aye I understand that in accounting terms they become assets. But that's just accounting magic, and only effects us if we sell them or the club. In cash flow and debt terms, you still have to finance the actual deals with money. Anyway, sorry for dragging out the whole finances thing, just seems impossible to avoid when everyone is talking about our level of spending. Absolutely, has nothing to do with what we can spend now but some think it does. Like I say, just crap to cloud things. People banging on about sotons (or the likes of) spends, they've got money and don't have a wage bill like ours. Bet thry are also enjoying a huge increase in commercial sales while ours are down. We need players but we don't need any more debt which will be owed to Ashley and further away goes the chance someone will buy us. He's certainly not going to give us free money and the only way to get rid of him is to get debts down. We made £10m in 2012, is that the most the club has ever made in a season? Without knowing I bet it is. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted August 16, 2013 Share Posted August 16, 2013 Basically we make loads of money, and outgoings don't matter. We're rich only Ashley is keeping it all for himself so he can dive in to it ala Scrooge McDuck. I think that's what he's saying. I honestly don't get it. I feel like I've missed something incredibly important. As far as I knew, if you were spending loads more than you were earning then that would lead to increased debt. I can't see how that can exist alongside being able to spend as much as you want. I'm genuinely not having a go either, I'm just stumped. Absolutely pathetic. I honestly want it explained, I don't know how much clearer I can be. I'm not having a go at you. What, that I don't think we can "spend as much as we want"? No sorry, that was flippant. I just mean, if our spending is more than our income, then we add to our debt. And that has to be financed. I know that players become assets for accounting purposes after they're signed, but in real terms their purchase still needs to be paid for with money, that comes from our revenue. Every time we get near this point it ends in some sort of throwaway remark or personal abuse. I'm just not sure what I'm missing? Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted August 16, 2013 Share Posted August 16, 2013 We made £10m in 2012, is that the most the club has ever made in a season? Without knowing I bet it is. Yes I think it is, and it was preceded by a couple of £30m+ losses. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted August 16, 2013 Share Posted August 16, 2013 Can't even be arsed to climb down the hole you've just dug to explain a reply to you. Michu expected to fail "they" were expected to fail i said, let me retract and say "not expected to succeed" if that helps you i've come to the conclusion you know absolutely nothing about football brett, nothing at all Just like Newcastle weren't expecting success when they haven't replaced Carroll and spent the 35 million, they've sold Enrique, they've sold Nolan, they've released Barton and brought in 'jokers' like Cabaye for 4 million? Works both ways. Just your basically trying to go down the line of we fluked the 5th because of a few good players. The original point which was made 'you need a good manager to have a very good season' is basically what Pardew proved to be incorrect, like i say, if he is in fact poor. I think your trying to deflect away praise for Pardew for our season we finished 5th, people don’t want to believe he actually did it. He, Alan Pardew, got a side who were the underdogs, fighting for a champions league spot. No two ways about it. brett, in fucking crayons mate from tron: "but you need a good manager who has a squad which is tailored to his preferred style of play. We have neither." when we finished 5th we were arguably split between the promotion and staying up team (pardew's style of cloggers) and some of the new blood like cabaye...he played a very basic, static game that relied heavily on the strikers making something from direct balls...ba and cisse did him proud that season however it was very easy to work out and when he was required to adapt the following season failed beyond human failure, there should be a statue to commemorate his failure tbh again brett, you either know fuck all about football or are now too invested in defending pardew Link to post Share on other sites More sharing options...
BrettNUFC Posted August 16, 2013 Share Posted August 16, 2013 Still no praise for Pardew, canny. 'Clogging style' had other managers stumped for a full season. Aye sounds legit. Link to post Share on other sites More sharing options...
Wullie Posted August 16, 2013 Share Posted August 16, 2013 We made £10m in 2012, is that the most the club has ever made in a season? Without knowing I bet it is. Yes I think it is, and it was preceded by a couple of £30m+ losses. What are the similar "profits" (there's that word again that doesn't mean anything on its own because if you buy a £10m player, the profit remains the same for a year at which point the profit will say £8m) for other clubs? Because ultimately the numbers only mean something when compared to our competitors. Link to post Share on other sites More sharing options...
Wullie Posted August 16, 2013 Share Posted August 16, 2013 Basically we make loads of money, and outgoings don't matter. We're rich only Ashley is keeping it all for himself so he can dive in to it ala Scrooge McDuck. I think that's what he's saying. I honestly don't get it. I feel like I've missed something incredibly important. As far as I knew, if you were spending loads more than you were earning then that would lead to increased debt. I can't see how that can exist alongside being able to spend as much as you want. I'm genuinely not having a go either, I'm just stumped. Absolutely pathetic. I honestly want it explained, I don't know how much clearer I can be. I'm not having a go at you. What, that I don't think we can "spend as much as we want"? No sorry, that was flippant. I just mean, if our spending is more than our income, then we add to our debt. And that has to be financed. I know that players become assets for accounting purposes after they're signed, but in real terms their purchase still needs to be paid for with money, that comes from our revenue. Everytime we get near this point it ends in some sort of throwaway remark or personal abuse. I'm just not sure what I'm missing? The reason we struggle to pay for, e.g. two £10m players is because NUFC, unlike every other club in football, insist on paying their transfers up front. Why do they do this? It's insane. If we did that today, it would cost us £20m right this second. If Spurs/Arsenal/Everton/anyone else did it, it would cost them £4m. We're crippling our own spending power. Link to post Share on other sites More sharing options...
Deuce Posted August 16, 2013 Share Posted August 16, 2013 If we have more than enough revenue to sign players then let's do it. But as far as I know we have only posted two small profits in our recent history, so our spending has been outstripping our income for years. Before it was adding to the debt we owed to Barclays (IIRC), now it would be up to Ashley to finance it. Christ. FFS man Wullie, it's a fact we were making regular losses and our debt was increasing. Yes, it wasn't. Link to post Share on other sites More sharing options...
Dokko Posted August 16, 2013 Share Posted August 16, 2013 Basically we make loads of money, and outgoings don't matter. We're rich only Ashley is keeping it all for himself so he can dive in to it ala Scrooge McDuck. I think that's what he's saying. I honestly don't get it. I feel like I've missed something incredibly important. As far as I knew, if you were spending loads more than you were earning then that would lead to increased debt. I can't see how that can exist alongside being able to spend as much as you want. I'm genuinely not having a go either, I'm just stumped. Absolutely pathetic. I honestly want it explained, I don't know how much clearer I can be. I'm not having a go at you. What, that I don't think we can "spend as much as we want"? No sorry, that was flippant. I just mean, if our spending is more than our income, then we add to our debt. And that has to be financed. I know that players become assets for accounting purposes after they're signed, but in real terms their purchase still needs to be paid for with money, that comes from our revenue. Every time we get near this point it ends in some sort of throwaway remark or personal abuse. I'm just not sure what I'm missing? Since we are doing a lot of real terms its like buying an extension for your house, yes your house is worth more but you still have to pay for the extension, even if you remortgage it still has to be paid for, only your house will hold value and not leave on a free transfer to your neighbours Link to post Share on other sites More sharing options...
Dokko Posted August 16, 2013 Share Posted August 16, 2013 Basically we make loads of money, and outgoings don't matter. We're rich only Ashley is keeping it all for himself so he can dive in to it ala Scrooge McDuck. I think that's what he's saying. I honestly don't get it. I feel like I've missed something incredibly important. As far as I knew, if you were spending loads more than you were earning then that would lead to increased debt. I can't see how that can exist alongside being able to spend as much as you want. I'm genuinely not having a go either, I'm just stumped. Absolutely pathetic. I honestly want it explained, I don't know how much clearer I can be. I'm not having a go at you. What, that I don't think we can "spend as much as we want"? No sorry, that was flippant. I just mean, if our spending is more than our income, then we add to our debt. And that has to be financed. I know that players become assets for accounting purposes after they're signed, but in real terms their purchase still needs to be paid for with money, that comes from our revenue. Everytime we get near this point it ends in some sort of throwaway remark or personal abuse. I'm just not sure what I'm missing? The reason we struggle to pay for, e.g. two £10m players is because NUFC, unlike every other club in football, insist on paying their transfers up front. Why do they do this? It's insane. If we did that today, it would cost us £20m right this second. If Spurs/Arsenal/Everton/anyone else did it, it would cost them £4m. We're crippling our own spending power. Again, it's not that simple. Like in life things cost more if you pay in instalments and why Ashley wants to pay upfront as he wants a better deal. Pay £8m for Gomis now or pay £12m over 4 years, what's the point if you've already got the £8m? We do it the right way, if we did it on chucky while having mad debts to Ashley he'll be here until we're all dead. Btw now selling club will accept an offer off a club for £8m upfront and accept one for £8m in install,nets without player pressure while missing out on interest. Link to post Share on other sites More sharing options...
Guest Phil K Posted August 16, 2013 Share Posted August 16, 2013 .......debts to Ashley he'll be here until we're all dead. He will anyway. The undead live for a good while Link to post Share on other sites More sharing options...
Mick Posted August 16, 2013 Share Posted August 16, 2013 Pardew is shit, I can't wait for the fraud to get the bullet, hopefully our Director of Football can then find us a decent manager. Link to post Share on other sites More sharing options...
Hughesy Posted August 16, 2013 Share Posted August 16, 2013 I still want Bielsa. I was looking wistfully at his wikipedia entry earlier today. Link to post Share on other sites More sharing options...
Wullie Posted August 16, 2013 Share Posted August 16, 2013 Basically we make loads of money, and outgoings don't matter. We're rich only Ashley is keeping it all for himself so he can dive in to it ala Scrooge McDuck. I think that's what he's saying. I honestly don't get it. I feel like I've missed something incredibly important. As far as I knew, if you were spending loads more than you were earning then that would lead to increased debt. I can't see how that can exist alongside being able to spend as much as you want. I'm genuinely not having a go either, I'm just stumped. Absolutely pathetic. I honestly want it explained, I don't know how much clearer I can be. I'm not having a go at you. What, that I don't think we can "spend as much as we want"? No sorry, that was flippant. I just mean, if our spending is more than our income, then we add to our debt. And that has to be financed. I know that players become assets for accounting purposes after they're signed, but in real terms their purchase still needs to be paid for with money, that comes from our revenue. Everytime we get near this point it ends in some sort of throwaway remark or personal abuse. I'm just not sure what I'm missing? The reason we struggle to pay for, e.g. two £10m players is because NUFC, unlike every other club in football, insist on paying their transfers up front. Why do they do this? It's insane. If we did that today, it would cost us £20m right this second. If Spurs/Arsenal/Everton/anyone else did it, it would cost them £4m. We're crippling our own spending power. Again, it's not that simple. Like in life things cost more if you pay in instalments and why Ashley wants to pay upfront as he wants a better deal. Pay £8m for Gomis now or pay £12m over 4 years, what's the point if you've already got the £8m? We do it the right way, if we did it on chucky while having mad debts to Ashley he'll be here until we're all dead. Why don't all clubs do it this way then if it's the "right way"? I don't believe football clubs do discount for cash up front either, we're not buying a used car. Your comment about "What's the point if you've got the £8m" - the point is to improve the team even more. I'd rather buy 4 £8m players with the same amount of cash and use the vast increase in TV money to pay for it. That's what our competitors are doing. Link to post Share on other sites More sharing options...
BrettNUFC Posted August 16, 2013 Share Posted August 16, 2013 Pardew is s***, I can't wait for the fraud to get the bullet, hopefully our Director of Football can then find us a decent manager. Link to post Share on other sites More sharing options...
Dokko Posted August 16, 2013 Share Posted August 16, 2013 Basically we make loads of money, and outgoings don't matter. We're rich only Ashley is keeping it all for himself so he can dive in to it ala Scrooge McDuck. I think that's what he's saying. I honestly don't get it. I feel like I've missed something incredibly important. As far as I knew, if you were spending loads more than you were earning then that would lead to increased debt. I can't see how that can exist alongside being able to spend as much as you want. I'm genuinely not having a go either, I'm just stumped. Absolutely pathetic. I honestly want it explained, I don't know how much clearer I can be. I'm not having a go at you. What, that I don't think we can "spend as much as we want"? No sorry, that was flippant. I just mean, if our spending is more than our income, then we add to our debt. And that has to be financed. I know that players become assets for accounting purposes after they're signed, but in real terms their purchase still needs to be paid for with money, that comes from our revenue. Everytime we get near this point it ends in some sort of throwaway remark or personal abuse. I'm just not sure what I'm missing? The reason we struggle to pay for, e.g. two £10m players is because NUFC, unlike every other club in football, insist on paying their transfers up front. Why do they do this? It's insane. If we did that today, it would cost us £20m right this second. If Spurs/Arsenal/Everton/anyone else did it, it would cost them £4m. We're crippling our own spending power. Again, it's not that simple. Like in life things cost more if you pay in instalments and why Ashley wants to pay upfront as he wants a better deal. Pay £8m for Gomis now or pay £12m over 4 years, what's the point if you've already got the £8m? We do it the right way, if we did it on chucky while having mad debts to Ashley he'll be here until we're all dead. Why don't all clubs do it this way then if it's the "right way"? I don't believe football clubs do discount for cash up front either, we're not buying a used car. Your comment about "if you've got the £8m" - I'd rather buy 4 £8m players with the same amount of cash and use the vast increase in TV money to pay for it. That's what our competitors are doing. Who does or doesn't? We are the only club i've ever heard of discussing payments like this. The FA want to ban spread payments and have been pushing for it for years. Course they do, it happens in every business, what is so hard to understand it also happens in football? No one is going to lose out on interest on Millions for the shits and giggles or just to fit your way of thinking on this. Link to post Share on other sites More sharing options...
Mick Posted August 16, 2013 Share Posted August 16, 2013 I know, compared to Pardew they're all a step backwards. Link to post Share on other sites More sharing options...
Guest Dontooner Posted August 16, 2013 Share Posted August 16, 2013 Assets in sports are valued by its world wide fan base. Winning and challenging = Popular and growing fan population That is how you have bigger revenues and overall be worth more over time. However it is also not a static asset, if we just remain where we are (finish 16th every season) over 15 years....Ashley will still make alot of money. Just because Sport Assets are premium assets against inflation. I have no doubts thats why alot of rich people or conglomerates buy clubs. Nothing inflates like sports , only the fans suffer over the longer run since its an addictive passion that is hard to quit. I am sure Ashley is happy with owning NUFC and is alot more well off from the indirect or direct effects of owning us. Link to post Share on other sites More sharing options...
Away Toon Posted August 16, 2013 Share Posted August 16, 2013 Virtually all football clubs lose money because of the ridiculous wages the players are paid. When the ratio of wages to income is as high as it is in most clubs there is no way the club can make a profit. The new TV deal brings in a significant increase in income but if it just ends up in the grubby hands of the players the problem remains the same. We as a club have now a lower ratio than most others hence we made a small profit last year. The price of this is that the lower wages on offer restrict the players we can buy. Many clubs have historically been willing to go into debt to try and buy success and it has definitely worked for Chelsea, City, PSG etc, and it nearly worked for us in the 90's. This owner won't do that which makes us uncompetitive. We as fans have to suffer the limitations of this policy until either 1. Ashley sells us 2. We greatly increase our revenue and keep our costs down allowing for real investment in the club 3. We find a top class Manager/Coach who can improve the players we have and get them playing in a coherent successful style, Swansea being a good example of this. In the meanwhile under the holy trio of Ashley, JFK and Pardew things are not going to be a lot of fun. Link to post Share on other sites More sharing options...
BrettNUFC Posted August 16, 2013 Share Posted August 16, 2013 I know, compared to Pardew they're all a step backwards. I'm laughing because you seem oblivious to the fact that if the 'fraud' is sacked, the director of football mentioned to scout our new manager, will in fact scout himself and advise Mike to hire him, which he will. Link to post Share on other sites More sharing options...
Guest Dontooner Posted August 16, 2013 Share Posted August 16, 2013 BrettNUFC :iamatwat: Link to post Share on other sites More sharing options...
Dokko Posted August 16, 2013 Share Posted August 16, 2013 Virtually all football clubs lose money because of the ridiculous wages the players are paid. When the ratio of wages to income is as high as it is in most clubs there is no way the club can make a profit. The new TV deal brings in a significant increase in income but if it just ends up in the grubby hands of the players the problem remains the same. We as a club have now a lower ratio than most others hence we made a small profit last year. The price of this is that the lower wages on offer restrict the players we can buy. Many clubs have historically been willing to go into debt to try and buy success and it has definitely worked for Chelsea, City, PSG etc, and it nearly worked for us in the 90's. This owner won't do that which makes us uncompetitive. We as fans have to suffer the limitations of this policy until either 1. Ashley sells us 2. We greatly increase our revenue and keep our costs down allowing for real investment in the club 3. We find a top class Manager/Coach who can improve the players we have and get them playing in a coherent successful style, Swansea being a good example of this. In the meanwhile under the holy trio of Ashley, JFK and Pardew things are not going to be a lot of fun. Spot on. Link to post Share on other sites More sharing options...
Dokko Posted August 16, 2013 Share Posted August 16, 2013 BrettNUFC :iamatwat: http://i.imgur.com/WhwDNqS.png Link to post Share on other sites More sharing options...
Deuce Posted August 16, 2013 Share Posted August 16, 2013 BrettNUFC :iamatwat: http://i.imgur.com/WhwDNqS.png Link to post Share on other sites More sharing options...
Mick Posted August 16, 2013 Share Posted August 16, 2013 I'm laughing because you seem oblivious to the fact that if the 'fraud' is sacked, the director of football mentioned to scout our new manager, will in fact scout himself and advise Mike to hire him, which he will. Win/win, his ticker will explode. Link to post Share on other sites More sharing options...
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