TheHoob Posted April 14, 2015 Share Posted April 14, 2015 Aye, he owns 100% of the shares. http://companycheck.co.uk/company/06861426/MASH-HOLDINGS-LIMITED/group-structure#shareholders Just the ~£62,000 an hour then. Link to post Share on other sites More sharing options...
Happy Face Posted April 14, 2015 Share Posted April 14, 2015 Most interesting thing to me was the drop in Season ticket sales was over 7.2% (£9.2m to £8.5m) Club accounts don't normally include that detail. Link to post Share on other sites More sharing options...
Dave Posted April 14, 2015 Share Posted April 14, 2015 I like how they say they're looking into increasing commercial income. I've got an idea, and it's a controversial one. Sell advertising around the stadium. Link to post Share on other sites More sharing options...
UV Posted April 14, 2015 Share Posted April 14, 2015 Most interesting thing to me was the drop in Season ticket sales was over 7.2% (£9.2m to £8.5m) Club accounts don't normally include that detail. Got to be a bit careful using the amount of deferred income at a point in the year to equate to season ticket income. Link to post Share on other sites More sharing options...
UV Posted April 15, 2015 Share Posted April 15, 2015 Accounts available now. First scan key numbers: Net debt: £94.9m (2013: £133.5m). £34.1m in the bank Staff costs: £78.3m (2013: £61.7m) "Other operating charges" £23.4m (2013: £17.6m) Link to post Share on other sites More sharing options...
morla84 Posted April 15, 2015 Share Posted April 15, 2015 Probably the wages for maintenance men hanging about in lifts Link to post Share on other sites More sharing options...
Taylor Swift Posted April 15, 2015 Share Posted April 15, 2015 How did staff costs got up by that much? That's over a 20% increase year on year. Link to post Share on other sites More sharing options...
UV Posted April 15, 2015 Share Posted April 15, 2015 How did staff costs got up by that much? That's over a 20% increase year on year. Hiring and firing the world's leading Director of Football comes at a cost. Link to post Share on other sites More sharing options...
Disco Posted April 15, 2015 Share Posted April 15, 2015 Ashley is now a director and therefore he gets paid as such? Link to post Share on other sites More sharing options...
NG32 Posted April 15, 2015 Share Posted April 15, 2015 Ashley is now a director and therefore he gets paid as such? Ahh, good call. Link to post Share on other sites More sharing options...
Guest scum Posted April 15, 2015 Share Posted April 15, 2015 The one item that is puzzling me is the £12.9m of accrued expenditure within creditors falling due within one year (up from £5m in 2013). A simply way of bumping up expenditure and thus reducing profits? Link to post Share on other sites More sharing options...
Toonpack Posted April 15, 2015 Share Posted April 15, 2015 The one item that is puzzling me is the £12.9m of accrued expenditure within creditors falling due within one year (up from £5m in 2013). A simply way of bumping up expenditure and thus reducing profits? Looking that way, the profits have been suppressed for tax reasons, but the cash is in the bank, no significant money has disappeared. Link to post Share on other sites More sharing options...
Belfast Boy Posted April 15, 2015 Share Posted April 15, 2015 So some of the debt/his loan has been paid off? Link to post Share on other sites More sharing options...
UV Posted April 15, 2015 Share Posted April 15, 2015 Read into this what you will from the related party transactions section. Newcastle United Football Company Limited, a subsidiary of the Company, made sales of £nil (2013: £1,710,000) and purchased goods to the value of £2,796,000 (2013: £841,000) from Sports Direct.com Retail Limited, a company connected with Mr M J W Ashley. These transactions were on normal commercial terms. The balance owing at 30 June 2014 to Sports Direct.com Retail Limited was £nil. If Sports Direct are selling our merchandise, should we not be receiving money from them in related party transactions? Charnley's signature BTW http://i.imgur.com/NijZjZe.png?1 Link to post Share on other sites More sharing options...
UV Posted April 15, 2015 Share Posted April 15, 2015 So some of the debt/his loan has been paid off? Not in these accounts. Link to post Share on other sites More sharing options...
Hughesy Posted April 15, 2015 Share Posted April 15, 2015 How did staff costs got up by that much? That's over a 20% increase year on year. I don't get that - we didn't buy anyone? If anything, our costs should have gone down? Link to post Share on other sites More sharing options...
Belfast Boy Posted April 15, 2015 Share Posted April 15, 2015 So some of the debt/his loan has been paid off? Not in these accounts. So why has it went down from £133.5m to £94.9m? Link to post Share on other sites More sharing options...
Taylor Swift Posted April 15, 2015 Share Posted April 15, 2015 It looks like he's basically siphoning money from the club's accounts. It doesn't really affect our cashflow and it's better for Ashley in the long run because Sports Direct will have a higher profit and thus higher share price, but I have a feeling that they'll use this £25m profit, instead of the £50m it should have been, as an excuse not to fully invest the money back into the squad. We're basically being run as a Sports Direct subsidiary now. Link to post Share on other sites More sharing options...
Guest Roger Kint Posted April 15, 2015 Share Posted April 15, 2015 So some of the debt/his loan has been paid off? Not in these accounts. So why has it went down from £133.5m to £94.9m? It hasnt, its the net debt of the balance sheet not the debt to Ashley Link to post Share on other sites More sharing options...
Happy Face Posted April 15, 2015 Share Posted April 15, 2015 Read into this what you will from the related party transactions section. Newcastle United Football Company Limited, a subsidiary of the Company, made sales of £nil (2013: £1,710,000) and purchased goods to the value of £2,796,000 (2013: £841,000) from Sports Direct.com Retail Limited, a company connected with Mr M J W Ashley. These transactions were on normal commercial terms. The balance owing at 30 June 2014 to Sports Direct.com Retail Limited was £nil. If Sports Direct are selling our merchandise, should we not be receiving money from them in related party transactions? Charnley's signature BTW http://i.imgur.com/NijZjZe.png?1 I thought we were paying his shop to produce, store, transport merchandise and then whatever profit we get from it would just go in the commercial total. Link to post Share on other sites More sharing options...
Happy Face Posted April 15, 2015 Share Posted April 15, 2015 So some of the debt/his loan has been paid off? Not in these accounts. So why has it went down from £133.5m to £94.9m? It's like the total of your credit card and bank account. Ashley is our zero interest credit card and the balance remains £129m Our bank account was £4m overdrawn and has gone up to £38m in credit. Link to post Share on other sites More sharing options...
Toonpack Posted April 15, 2015 Share Posted April 15, 2015 It looks like he's basically siphoning money from the club's accounts. It doesn't really affect our cashflow and it's better for Ashley in the long run because Sports Direct will have a higher profit and thus higher share price, but I have a feeling that they'll use this £25m profit, instead of the £50m it should have been, as an excuse not to fully invest the money back into the squad. We're basically being run as a Sports Direct subsidiary now. The profit is massaged for tax reasons, the readies are/were in the bank, we've gone from around £4 Mill overdrawn to £38 Million in credit in real money Link to post Share on other sites More sharing options...
UV Posted April 15, 2015 Share Posted April 15, 2015 How did staff costs got up by that much? That's over a 20% increase year on year. I don't get that - we didn't buy anyone? If anything, our costs should have gone down? It includes a years worth of wages for Debuchy, MYM, Gouffran, Haidara & Sissoko rather than 5-6 months in the previous accounts, along with Remy for a year & Luuk de Jong for 5 months. However, considering the wages went DOWN in the previous year even with the 5-6 months of wages from the Jan 13 panic signings, it doesn't seem to add up at all just from the player wages - nearly a £300k per week increase. Link to post Share on other sites More sharing options...
The College Dropout Posted April 15, 2015 Share Posted April 15, 2015 How did staff costs got up by that much? That's over a 20% increase year on year. I don't get that - we didn't buy anyone? If anything, our costs should have gone down? It includes a years worth of wages for Debuchy, MYM, Gouffran, Haidara & Sissoko rather than 5-6 months in the previous accounts, along with Remy for a year & Luuk de Jong for 5 months. However, considering the wages went DOWN in the previous year even with the 5-6 months of wages from the Jan 13 panic signings, it doesn't seem to add up at all just from the player wages - nearly a £300k per week increase. Ashley is now staff. Link to post Share on other sites More sharing options...
Happy Face Posted April 15, 2015 Share Posted April 15, 2015 How did staff costs got up by that much? That's over a 20% increase year on year. I don't get that - we didn't buy anyone? If anything, our costs should have gone down? It includes a years worth of wages for Debuchy, MYM, Gouffran, Haidara & Sissoko rather than 5-6 months in the previous accounts, along with Remy for a year & Luuk de Jong for 5 months. However, considering the wages went DOWN in the previous year even with the 5-6 months of wages from the Jan 13 panic signings, it doesn't seem to add up at all just from the player wages - nearly a £300k per week increase. Ashley is now staff. He's a director, and director pay went down Link to post Share on other sites More sharing options...
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