Guest reefatoon Posted May 23, 2018 Share Posted May 23, 2018 On the one hand I'd rather other clubs not have a detailed knowledge of our current cash flow so they can't use it as a reason to ramp up asking prices when we make an approach. On the other, considering our transfer fees generally involve minimum fee release clauses or no cash actually paid, I doubt it makes much difference. You do realise we’re not the only club who produces annual accounts, right? Link to post Share on other sites More sharing options...
afar Posted May 23, 2018 Share Posted May 23, 2018 I thought we always paid up front for our incomings, must have been a change in policy if we owe other clubs 22 million. Link to post Share on other sites More sharing options...
ToonTastic Posted May 23, 2018 Share Posted May 23, 2018 I thought we always paid up front for our incomings, must have been a change in policy if we owe other clubs 22 million. I thought that then wondered if it was some of the 12 month loan deals which we had agreed to pay at the end of the season ? Link to post Share on other sites More sharing options...
Cheshire Mag Posted May 23, 2018 Share Posted May 23, 2018 https://www.bbc.co.uk/sport/football/44223584 Two lorry loads of oversized mugs? Four crates of tracksuit bottoms? Or an entire store? A closer inspection of Newcastle United's 2016-17 financial accounts has revealed the club spent nearly £1.3m at sportswear and equipment store Sports Direct, and at owner Mike Ashley's other companies. The retail store is already a heavy presence at St James' Park - the stadium is emblazoned with its name and was even rebranded, albeit for a brief period, the Sports Direct Arena. So, perhaps it comes as no surprise that Ashley continues to strengthen the bond between his club and his retail empire. But what could £1.3m buy you at Sports Direct? 1.3m branded giant mugs, or 372,492 Dunlop Union Jack umbrellas, or 520,000 Sports Direct plastic water bottles, or 866,666 Sports Direct bags for life Ashley also kept it in the family when it came to matchday hospitality with £77,951 spent on his nearest and dearest. The latest figures also show that the club owner injected a further £15m into the club - which means he has now provided £144m in interest-free loans to the club. Last week, Newcastle revealed they had taken a "financial gamble" in trying to return to the Premier League. The 2016-17 accounts - which covers the period the club were in the Championship - state they paid wages of £112.2m, almost double the Championship's other promoted clubs, Brighton and Huddersfield, combined. The club made a £90.9m operating loss that year. Link to post Share on other sites More sharing options...
gdm Posted May 23, 2018 Share Posted May 23, 2018 Detailed review from Price of Football http://priceoffootball.com/newcastle-2017-lovely-jubbly/ Brilliant read. Just saw on twitter. First letter of each paragraph spells out Mike Ashley is a fat cockney wanker Link to post Share on other sites More sharing options...
Interpolic Posted May 23, 2018 Share Posted May 23, 2018 Link to post Share on other sites More sharing options...
High Five o Posted May 23, 2018 Share Posted May 23, 2018 Brilliant Link to post Share on other sites More sharing options...
geordiesteve710 Posted May 23, 2018 Share Posted May 23, 2018 Detailed review from Price of Football http://priceoffootball.com/newcastle-2017-lovely-jubbly/ Brilliant read. Just saw on twitter. First letter of each paragraph spells out Mike Ashley is a fat cockney w***** Link to post Share on other sites More sharing options...
Unbelievable Posted May 23, 2018 Share Posted May 23, 2018 Link to post Share on other sites More sharing options...
Mike Posted May 23, 2018 Share Posted May 23, 2018 Wow. Link to post Share on other sites More sharing options...
mighty__mag Posted May 23, 2018 Share Posted May 23, 2018 Detailed review from Price of Football http://priceoffootball.com/newcastle-2017-lovely-jubbly/ So Mike Ashley isn't stealing money from the club. ? Link to post Share on other sites More sharing options...
loki679 Posted May 24, 2018 Share Posted May 24, 2018 Charnley waived his right to a bonus? Link to post Share on other sites More sharing options...
mighty__mag Posted May 24, 2018 Share Posted May 24, 2018 Charnley waived his right to a bonus? Possibly the lowest paid CE in the league. No wonder Carr was kept on forever,he must have been on peanuts. Link to post Share on other sites More sharing options...
LoveItIfWeBeatU Posted May 24, 2018 Share Posted May 24, 2018 Article doesn't seem to be on the main site yet but it's all here on Twitter: - Main site: - http://swissramble.blogspot.co.uk/search/label/Newcastle%20United Link to post Share on other sites More sharing options...
mrmojorisin75 Posted May 24, 2018 Share Posted May 24, 2018 dat commercial income Link to post Share on other sites More sharing options...
Paully Posted May 25, 2018 Share Posted May 25, 2018 dat commercial income Embarrassing! Link to post Share on other sites More sharing options...
mrmojorisin75 Posted May 25, 2018 Share Posted May 25, 2018 isn't it less now than when he took over? i'm actually borderline impressed Link to post Share on other sites More sharing options...
Matt Posted May 25, 2018 Share Posted May 25, 2018 We've been absolutely crap at building commercial partnerships. We're never going to be a global megabrand but there should be at least some proper effort. Do we even have anyone with proper commercial experience? Or is it just Charners and a fax machine? Link to post Share on other sites More sharing options...
David Icke - Son of God Posted May 25, 2018 Share Posted May 25, 2018 We've been absolutely crap at building commercial partnerships. We're never going to be a global megabrand but there should be at least some proper effort. Do we even have anyone with proper commercial experience? Or is it just Charners and a fax machine? They appointed ex-Journal editor Brian Aitken a few years ago to head that side of things up. Link to post Share on other sites More sharing options...
Teasy Posted May 25, 2018 Share Posted May 25, 2018 Its amazing we even have a commercial income at all with such a disgusting cunt at the top of the club. Link to post Share on other sites More sharing options...
Sima Posted May 25, 2018 Share Posted May 25, 2018 Commercial income lower than Norwich and Leeds. I mean, no disrespect but come the fuck on. Link to post Share on other sites More sharing options...
UncleBingo Posted May 25, 2018 Share Posted May 25, 2018 Commercial income lower than Norwich and Leeds. I mean, no disrespect but come the fuck on. Exactly, it's almost as if they're trying their very hardest to hold the club back......as well as seemingly being the only club in England desperate to post a financial loss. It's fair to say, we'd be out of business if it wasn't for the incredible generosity of Big Mike. Link to post Share on other sites More sharing options...
Guest chopey Posted May 25, 2018 Share Posted May 25, 2018 Didn't our commercial bloke leave to go and work at the airport for a pay rise ? Link to post Share on other sites More sharing options...
Teasy Posted May 25, 2018 Share Posted May 25, 2018 It would be very easy to increase commercial revenue above those three clubs even without spending time on commercial deals, just by doing our own catering. For instance in Leeds case £4m of the total £16m commercial revenue came from catering. But we outsource instead, so we see the overall revenue that comes from food and drink sales but of course incur none of the costs either (I assume we just get a relatively small fee from the catering company). As usual Ashley looking at keeping costs down first and foremost. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted May 25, 2018 Share Posted May 25, 2018 Given we outsource food and merchandise it must be nearly impossible to make much more revenue than we do. We’d have to start selling the fixtures and fittings. Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now