Happy Face Posted January 22, 2015 Share Posted January 22, 2015 The short term £19m part did as was always stated in the accounts it would after relegation. They told the Fans thing the rest of the short term loan was still unpaid though so about £128m loan left I don't know if it's because I've kept a close eye on it for years but it still amazes me people don't know the basic 3 or 4 numbers that have represented the clubs debt for the past 4 or 5 years now. The loan he made the club on purchase is repayable. Not within any stated timeframe. Link to post Share on other sites More sharing options...
r0cafella Posted January 22, 2015 Share Posted January 22, 2015 The short term £19m part did as was always stated in the accounts it would after relegation. They told the Fans thing the rest of the short term loan was still unpaid though so about £128m loan left I don't know if it's because I've kept a close eye on it for years but it still amazes me people don't know the basic 3 or 4 numbers that have represented the clubs debt for the past 4 or 5 years now. The loan he made the club on purchase is repayable. Not within any stated timeframe. But to label it as not repayable is false regardless of timescales. Would he need to give advance notice to take it back? Link to post Share on other sites More sharing options...
Happy Face Posted January 22, 2015 Share Posted January 22, 2015 Would he need to give advance notice to take it back? I don't know. I don't see why. But if he doesn't take off some of the debt, then we'll soon be paying tax on massive profits, so some sort of change in plan will be needed to avoid giving money away. Link to post Share on other sites More sharing options...
quayside Posted January 22, 2015 Share Posted January 22, 2015 Would he need to give advance notice to take it back? I don't know. I don't see why. But if he doesn't take off some of the debt, then we'll soon be paying tax on massive profits, so some sort of change in plan will be needed to avoid giving money away. Repayment of Ashley's debt wouldn't have any effect on the company's profit, or its tax bill. Link to post Share on other sites More sharing options...
Happy Face Posted January 22, 2015 Share Posted January 22, 2015 Would he need to give advance notice to take it back? I don't know. I don't see why. But if he doesn't take off some of the debt, then we'll soon be paying tax on massive profits, so some sort of change in plan will be needed to avoid giving money away. Repayment of Ashley's debt wouldn't have any effect on the company's profit, or its tax bill. This is where it gets too complicated for me. Thought taking £19m from the sale of Cabaye and paying down £18m debt would leave £1m profit. Either way, think we could take the title for best Premier League profits before tax this year... Link to post Share on other sites More sharing options...
quayside Posted January 22, 2015 Share Posted January 22, 2015 Would he need to give advance notice to take it back? I don't know. I don't see why. But if he doesn't take off some of the debt, then we'll soon be paying tax on massive profits, so some sort of change in plan will be needed to avoid giving money away. Repayment of Ashley's debt wouldn't have any effect on the company's profit, or its tax bill. This is where it gets too complicated for me. Thought taking £19m from the sale of Cabaye and paying down £18m debt would leave £1m profit. Either way, think we could take the title for best Premier League profits before tax this year... I'm sure you are right and 2014 will have been very profitable. I suppose one way to look at the debt thing is when he put money into the club it wasn't treated as income - an examination of the club's reported income will confirm that. So consequently when he takes it back again it isn't treated as a cost. Taxes are paid on profits (income less costs). Mind you the club has tens of millions of tax losses accumulated from the "loss making years" and these can be used to offset any future profits, it will be a few years before NUFC has to pay over any tax on profits. Link to post Share on other sites More sharing options...
Happy Face Posted January 22, 2015 Share Posted January 22, 2015 Would he need to give advance notice to take it back? I don't know. I don't see why. But if he doesn't take off some of the debt, then we'll soon be paying tax on massive profits, so some sort of change in plan will be needed to avoid giving money away. Repayment of Ashley's debt wouldn't have any effect on the company's profit, or its tax bill. This is where it gets too complicated for me. Thought taking £19m from the sale of Cabaye and paying down £18m debt would leave £1m profit. Either way, think we could take the title for best Premier League profits before tax this year... I'm sure you are right and 2014 will have been very profitable. I suppose one way to look at the debt thing is when he put money into the club it wasn't treated as income - an examination of the club's reported income will confirm that. So consequently when he takes it back again it isn't treated as a cost. Taxes are paid on profits (income less costs). Mind you the club has tens of millions of tax losses accumulated from the "loss making years" and these can be used to offset any future profits, it will be a few years before NUFC has to pay over any tax on profits. Cheers for the simple explanation. Makes sense. Link to post Share on other sites More sharing options...
Guest antz1uk Posted January 22, 2015 Share Posted January 22, 2015 The short term £19m part did as was always stated in the accounts it would after relegation. They told the Fans thing the rest of the short term loan was still unpaid though so about £128m loan left I don't know if it's because I've kept a close eye on it for years but it still amazes me people don't know the basic 3 or 4 numbers that have represented the clubs debt for the past 4 or 5 years now. can't beat a bit of pacman Link to post Share on other sites More sharing options...
Guest Roger Kint Posted January 22, 2015 Share Posted January 22, 2015 The short term £19m part did as was always stated in the accounts it would after relegation. They told the Fans thing the rest of the short term loan was still unpaid though so about £128m loan left I don't know if it's because I've kept a close eye on it for years but it still amazes me people don't know the basic 3 or 4 numbers that have represented the clubs debt for the past 4 or 5 years now. Fucking hell so i got the two numbers mixed up as i was in a hurry Link to post Share on other sites More sharing options...
Happy Face Posted January 22, 2015 Share Posted January 22, 2015 Fucking hell so i got the two numbers mixed up as i was in a hurry http://media.tumblr.com/b610af62ba95ab8bb1a8f89136d3a16a/tumblr_inline_ndc34d9xvV1sy96x5.jpg "STOP GETTING DEBT WRONG!!" Link to post Share on other sites More sharing options...
Al1892 Posted January 23, 2015 Share Posted January 23, 2015 Good article. http://www.cityam.com/207730/newcastle-named-19th-richest-club-world-how-much-mike-ashleys-money-goes-transfers Link to post Share on other sites More sharing options...
Interpolic Posted January 23, 2015 Share Posted January 23, 2015 Colin Murray wrote a half decent piece in the Metro this morning about how we deserve better. Bloke loves us. Link to post Share on other sites More sharing options...
TaylorJ_01 Posted January 23, 2015 Share Posted January 23, 2015 Never entirely sure why our owner is "loaning" us money in any case. It's his f***ing club. Link to post Share on other sites More sharing options...
Beren Posted January 23, 2015 Share Posted January 23, 2015 Never entirely sure why our owner is "loaning" us money in any case. It's his f***ing club. Has he loaned it personally, or has MASH Holdings Ltd? If the latter, then he'll pay less tax. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted January 23, 2015 Share Posted January 23, 2015 Never entirely sure why our owner is "loaning" us money in any case. It's his f***ing club. Well a company and its directors are different legal entities. Not that I like it any more than you. Link to post Share on other sites More sharing options...
merlin Posted January 23, 2015 Share Posted January 23, 2015 All the haggling over debt or no debt is unnecessary...all we need to know is that NUFC is a convenient cash cow for Ashley - nothing more, nothing less. If people are happy to buy into that, good luck to them. Link to post Share on other sites More sharing options...
Heron Posted January 23, 2015 Share Posted January 23, 2015 The media are all over Ashley this week like and rightly so. Our fans need to start making a point of getting on his case too. Link to post Share on other sites More sharing options...
Taylor Swift Posted January 23, 2015 Share Posted January 23, 2015 Never entirely sure why our owner is "loaning" us money in any case. It's his f***ing club. Has he loaned it personally, or has MASH Holdings Ltd? If the latter, then he'll pay less tax. If MASH owned us, they wouldn't get any tax benefits. In fact, the only way Ashley himself comes out ahead is if NUFC paid interest on the loans and decreased our tax bill. Since we have losses on the books already, that's not needed. If the time comes and we started paying interest, MASH would have to pay the profit from the interest collected from NUFC. Either way, at present, there is no tax benefit for Ashley to 'loan' us the money since he's not collecting interest. Link to post Share on other sites More sharing options...
sempuki Posted January 27, 2015 Share Posted January 27, 2015 Announced after transfer deadline day? They are going to need a massive fuck off spreadsheet to fit all the numbers on. Link to post Share on other sites More sharing options...
Guest Roger Kint Posted January 27, 2015 Share Posted January 27, 2015 Announced after transfer deadline day? They are going to need a massive fuck off spreadsheet to fit all the numbers on. It always is Link to post Share on other sites More sharing options...
Mick Posted January 27, 2015 Share Posted January 27, 2015 It always is It never used to be, I can remember getting them in January before. Link to post Share on other sites More sharing options...
Varadi Posted January 27, 2015 Share Posted January 27, 2015 25th Feb last year. If there's an international break around then that's when they'll sneak them out. Link to post Share on other sites More sharing options...
morpeth mag Posted January 27, 2015 Share Posted January 27, 2015 We no longer play FA Cup games in Feb so it will be the Friday before the 5th round. Link to post Share on other sites More sharing options...
Guest Roger Kint Posted January 27, 2015 Share Posted January 27, 2015 It always is It never used to be, I can remember getting them in January before. Ah well if you remember one time...... Link to post Share on other sites More sharing options...
Deuce Posted January 28, 2015 Share Posted January 28, 2015 Announced after transfer deadline day? They are going to need a massive fuck off spreadsheet to fit all the numbers on. It always is Fuck I can't wait. Highlight of the season. Link to post Share on other sites More sharing options...
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