Happy Face Posted February 26, 2014 Share Posted February 26, 2014 Does nobody on the forum ever ask "What's the point of this if you're just lying to us?" It wasn't just Llambias or Pardew or Kinnear, in September's forum the club said The club spent a net £30m in January http://www.nufc.co.uk/page/Fans/FansForum/0,,10278~3462657,00.html The accounts show that to be a lie out by a factor of £10m. At that time they said... that the advertising boards in question were installed with Sports Direct branding as a showcase for unused space Now they say that it will never be used otherwise, with a piss-take comment about it costing anyone interested £129m They said then... £11m was duly paid back Now they're trying to say he's not taken any money out of the club. The board said JK now has a page in the match day programme which he will use to put across his views and feelings moving forward. Now they say it was a boardroom view. Shambles. Either they don't know the facts and are being sent out as patsies (which I doubt for John Irving or Lee Charnley) or they do know the facts and are lying through their teeth. Members of the forum shouldn't dignify it with their presence. Link to post Share on other sites More sharing options...
Dave Posted February 26, 2014 Share Posted February 26, 2014 Link to post Share on other sites More sharing options...
Kanji Posted February 26, 2014 Share Posted February 26, 2014 Irving and Charnley know everything man, they're just as snakey as the Mike Ashley and Pardew. Link to post Share on other sites More sharing options...
loki679 Posted February 26, 2014 Share Posted February 26, 2014 Does nobody on the forum ever ask "What's the point of this if you're just lying to us?" It wasn't just Llambias or Pardew or Kinnear, in September's forum the club said The club spent a net £30m in January http://www.nufc.co.uk/page/Fans/FansForum/0,,10278~3462657,00.html The accounts show that to be a lie out by a factor of £10m. At that time they said... that the advertising boards in question were installed with Sports Direct branding as a showcase for unused space Now they say that it will never be used otherwise, with a piss-take comment about it costing anyone interested £129m They said then... £11m was duly paid back Now they're trying to say he's not taken any money out of the club. The board said JK now has a page in the match day programme which he will use to put across his views and feelings moving forward. Now they say it was a boardroom view. Shambles. Either they don't know the facts and are being sent out as patsies (which I doubt for John Irving or Lee Charnley) or they do know the facts and are lying through their teeth. Members of the forum shouldn't dignify it with their presence. Bang on. Link to post Share on other sites More sharing options...
Nobody Posted February 26, 2014 Share Posted February 26, 2014 Couldn't this forum apply for a spot at next seasons meetings? Link to post Share on other sites More sharing options...
Guest neesy111 Posted February 26, 2014 Share Posted February 26, 2014 Link to post Share on other sites More sharing options...
loki679 Posted February 26, 2014 Share Posted February 26, 2014 We can send Mick and Brett as a good cop / bad cop double act. Link to post Share on other sites More sharing options...
Guest bimpy474 Posted February 26, 2014 Share Posted February 26, 2014 We can send Mick and Brett as a good cop / bad cop double act. Harry and Lloyd. Link to post Share on other sites More sharing options...
Unbelievable Posted February 27, 2014 Share Posted February 27, 2014 Cracking post Happy Face Link to post Share on other sites More sharing options...
Beren Posted February 27, 2014 Share Posted February 27, 2014 We can send Mick and Brett as a good cop / bad cop double act. http://simpsonsscreenshots.com/wp-content/uploads/2011/05/harktothetaleofnelson.png Link to post Share on other sites More sharing options...
Dinho lad Posted February 27, 2014 Share Posted February 27, 2014 Link to post Share on other sites More sharing options...
JH Posted February 27, 2014 Share Posted February 27, 2014 We can send Mick and Brett as a good cop / bad cop double act. http://simpsonsscreenshots.com/wp-content/uploads/2011/05/harktothetaleofnelson.png Link to post Share on other sites More sharing options...
TaylorJ_01 Posted February 27, 2014 Share Posted February 27, 2014 Link to post Share on other sites More sharing options...
Varadi Posted February 27, 2014 Share Posted February 27, 2014 Perfect Link to post Share on other sites More sharing options...
thomas Posted February 27, 2014 Share Posted February 27, 2014 Link to post Share on other sites More sharing options...
AlanSkÃrare Posted February 27, 2014 Share Posted February 27, 2014 I'm impressed by the club now. I see why we don't replace players, coaches or attract new sponsors. This PR machinery must be 100 full-time employees. 1. Compensate for lack of ambition with affordable football - i.e. reduce the price on football as a product 2. Claim loan to be interest-free, advertise SD instead, money directly to Ashley's pocket (that's what they mean by structure). 3. Say we can't attract commercial partners in order to sign players, when the real reason is nobody wants to be there alongside SD, and Ashley doesn't want anyone else there. 4. Adjust figures to claim "profit", which basically means we've not invested this year either. Bravo. The masses won't understand. Link to post Share on other sites More sharing options...
Spudil Posted February 27, 2014 Share Posted February 27, 2014 Beren Link to post Share on other sites More sharing options...
Wallace Posted February 27, 2014 Share Posted February 27, 2014 http://www.thenorthernecho.co.uk/sport/11039090._Why_doesn_t_Mike_Ashley_sell_Newcastle_United___Here_s_one_compelling_reason____/?ref=var_0 "Why doesn't Mike Ashley sell Newcastle United?" Here's one compelling reason.... 7:00am Thursday 27th February 2014 in Sport The Northern Echo The key issue of advertising at St James' Park was discussed at a fans' forum involving senior Newcastle United officials this week. And as Chief Sports Writer Scott Wilson explains, the subject gets to the very heart of Mike Ashley's continued ownership of the club “WHY doesn’t Mike Ashley sell Newcastle United?” It’s a commonly-asked question, and one that until now has been difficult to answer definitively. In many respects, it’s easy to see why the Magpies might provide a massive headache for the hugely-successful sportswear magnate, whose attempts to guard his privacy and maintain a low individual profile have been undermined by his controversial ownership of the club. Does he really need to have his name dragged through the gutter whenever Newcastle’s perceived lack of ambition is discussed? Can he derive any enjoyment at all from having to sit at matches with his minders close by? And might he not have better uses for the £300m or so that he has tied up in the club? All of those are powerful negatives to set against his continued ownership of the Magpies, yet there is one key positive that appears to conclusively override them, and for the first time, the minutes of a fans’ forum held in St James’ Park’s Sir Bobby Robson Suite on Monday provided an insight into Ashley's major motivation for retaining sole ownership of Newcastle United. Advertising. Free, or at least cash-neutral, advertising that enables Ashley to spread the Sports Direct branding message on a truly worldwide scale. Glance around St James’ Park on a match day, and you do not have to be a marketing genius to deduce that Newcastle are effectively a glorified billboard for Sports Direct. The electronic advertising hoardings are beamed in front of a global television audience of around 4.7bn. That’s a lot of potential customers looking to buy sportswear. Of course advertising in football is nothing new, but what makes it such a controversial topic at Newcastle is that, as the owner of the club, Ashley is perfectly entitled to award himself the advertising space for nothing. Or at least for a sum that has never been publicly disclosed. Instead of selling it off to the highest bidder in order to increase revenue for Newcastle United, Sports Direct exert a near monopoly over the advertising space. As a result, Ashley’s main business enjoys a prominence and exposure, in a market perfectly tailored to its needs, which would be hard to replicate in any sphere other than Premier League football. The issue was discussed at this week’s forum, with the club effectively conceding for the first time that it views the arrangement as good value for money given the investment Ashley has made in the form of an interest-free loan, and the previous funds he has committed in order to wipe out historic debt that was necessitating significant interest payments each year. The exchange went as follows: Steve Cole (Supporters’ branch representative): “What is the saving that Sports Direct makes on advertising around the stadium?” Club response: 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.” Andrew McClay (Members’ representative): “Can the commercial value of that advertising not come off the debt that the club owes the owner?” Club response: The board explained that the owner’s position is clear, and that the club is not attempting to hide it. To add context, it was explained that the club’s debt cost £8m in interest alone every year before Mike Ashley purchased the club.” So there you have it. In a nutshell, Newcastle regard the ongoing advertising agreement with Sports Direct as a justified trade-off for Ashley's continued financial support in the form of an interest-free loan, which in theory could be called in at any minute. It's a mutually beneficial relationship. Newcastle get financial stability, as reflected in the latest set of accounts released on Monday which displayed a £9.9m profit after tax; Ashley gets the chance to promote his business interests at way below the market rate. Given that he owns the club lock, stock and barrel, he's perfectly entitled to do as he likes, and while some might bemoan the lack of investment in the playing squad in recent years, particularly in light of the recent £20m sale of Yohan Cabaye, stability is not to be sniffed at given the extent of the financial mess that was bequeathed by the previous regime. Yet Newcastle's argument that the current arrangement is a win-win situation is undermined by their own comments. In a statement released alongside this week's accounts, the Newcastle board said: “Ultimately, the income the club generates - particularly, given the restrictions of the Premier League Financial Fair Play rules, from matchday, commercial i.e. non-TV income - will directly impact on the strength and quality on the pitch.” Financial Fair Play (FFP) regulations mean a club's commercial revenues effectively dictate their ability to spend money on transfer fees and wages, yet in Newcastle's case, one of the biggest commercial revenue streams available – match-day advertising – is effectively off limits. By failing to sell at the market price, Ashley is handicapping his own club's ability to compete with its Premier League rivals. And as the full effect of the FFP regulations begin to take force, that can only achieve the self-defeating result of making it more and more difficult for Newcastle to achieve the board's minimum ambition of finishing in the top ten. In the short term, it is easy to see why Ashley believes his current arrangement makes financial sense. And once that is concluded, it is equally easy to see why he regards Newcastle United as an asset worth retaining. But the sums only work if a minimum level of success is achieved on the pitch. And whichever way you look at it, that would surely be easier if advertising revenue was increased. Link to post Share on other sites More sharing options...
NG32 Posted February 27, 2014 Share Posted February 27, 2014 People finally waking up. Link to post Share on other sites More sharing options...
Away Toon Posted February 27, 2014 Share Posted February 27, 2014 A good article that sums up exactly where we are as a club, and depressingly where we are liable to be for the foreseeable future. Ashley has absolutely no reason to sell the club (not that there are any potential buyers), and as long as 50,000 turn up to watch the filth that Pardew puts out every other weekend nothing will change. A mass boycott and a huge fall in revenue is the only way to pressurise Ashley into selling and this is not going to happen. If only we were organised and motivated like the scousers, but apparently not enough people care, or not enough outside of this forum anyhow. Link to post Share on other sites More sharing options...
NG32 Posted February 27, 2014 Share Posted February 27, 2014 Honestly, its time people really walked away. he is gambing on NUFC fans pitching up aslong as he can supply a top 10 finish on the cheap. While he advertises his awful retail brand. ST James Park and Newcastle United are now massive advertising hoardings. How people dont see this or refuse to accept it as fact, is beyond me. Link to post Share on other sites More sharing options...
Jesse Pinkman Posted February 27, 2014 Share Posted February 27, 2014 We can send Mick and Brett as a good cop / bad cop double act. http://simpsonsscreenshots.com/wp-content/uploads/2011/05/harktothetaleofnelson.png Pretty much just did this --> Link to post Share on other sites More sharing options...
r0cafella Posted February 27, 2014 Share Posted February 27, 2014 It's a crap article as it fails to mention the fact that he's getting the space for free without reducing the debt Which is the fundamental issue at hand here, he is leveraging the debt against the free advertising. In effect he's using this "interest free loan" against the club Link to post Share on other sites More sharing options...
Mick Posted February 27, 2014 Share Posted February 27, 2014 We can send Mick and Brett as a good cop / bad cop double act. http://simpsonsscreenshots.com/wp-content/uploads/2011/05/harktothetaleofnelson.png I think I'll have to do some research before passing further comment. Which one is me? Link to post Share on other sites More sharing options...
NG32 Posted February 27, 2014 Share Posted February 27, 2014 The one in Blue, Brett is the prancing "everything is alright" kid. Link to post Share on other sites More sharing options...
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