mrmojorisin75 Posted October 8, 2018 Share Posted October 8, 2018 hang about though, it was sports direct that bought HoF no, rather than ashley himself, and that's a publicly floated company so it doesn't make any sense does it? what am i missing there Link to post Share on other sites More sharing options...
Zero Posted October 8, 2018 Share Posted October 8, 2018 Source of funding. In short, the fat cunt took out the money from us and purchased HoF, and "very likely" he treated this as a new loan to Sports Direct. Link to post Share on other sites More sharing options...
Shearergol Posted October 8, 2018 Share Posted October 8, 2018 I called that during the summer and got called a mentalist for even suggesting such a diabolical move. Where’s the money gone? It bought House of Fraser. Here’s a question, when the club says Mike Ashley loaned it money. Where is the record of this kept? How do we know he actually did this? Ha, you're one of those that would rather buy players than save people's lives. You people sicken me. Mike kept a lot of poor families alive by buying HOF. He's a saviour. Link to post Share on other sites More sharing options...
r0cafella Posted October 8, 2018 Share Posted October 8, 2018 The problem as have is the club belongs to him lock stock and barrell and thus he can use the profits the club generates as he sees fit. He hasn't done anything illegal sadly and this further demonstrates he doesn't give one single fuck about the club and everything he does with regards to it is in his own self interest. Link to post Share on other sites More sharing options...
Boo Boy Posted October 8, 2018 Share Posted October 8, 2018 that article in the Mag confirms what we all know. We are being run into the ground and taken for mugs. He isn't leaving EVER! Link to post Share on other sites More sharing options...
loki679 Posted October 8, 2018 Share Posted October 8, 2018 Source of funding. In short, the fat cunt took out the money from us and purchased HoF, and "very likely" he treated this as a new loan to Sports Direct. Wouldn't that need to be declared to the stock market? Link to post Share on other sites More sharing options...
Odear Posted October 8, 2018 Share Posted October 8, 2018 Source of funding. In short, the fat c*** took out the money from us and purchased HoF, and "very likely" he treated this as a new loan to Sports Direct. Wouldn't that need to be declared to the stock market? It depends on who exactly bought House of Fraser. If it was Mike Ashley, then no he wouldn’t need to announce it to the stock market. The money is his. NUFC is literally just another bank account for him to move funds around. Link to post Share on other sites More sharing options...
Guest chopey Posted October 8, 2018 Share Posted October 8, 2018 He funnels money MASH holdings and what was that company called that bought the land next to the Strawberry ? Link to post Share on other sites More sharing options...
UncleBingo Posted October 8, 2018 Share Posted October 8, 2018 That prick Lee Marshall is blocking people on twitter for politely asking questions about the minutes. Link to post Share on other sites More sharing options...
Guest firetotheworks Posted October 8, 2018 Share Posted October 8, 2018 That prick Lee Marshall is blocking people on twitter for politely asking questions about the minutes. Politely asking about the minutes to the person whose job it is to receive those questions? Trying to score points on Twitter more like. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted October 8, 2018 Share Posted October 8, 2018 Source of funding. In short, the fat c*** took out the money from us and purchased HoF, and "very likely" he treated this as a new loan to Sports Direct. Wouldn't that need to be declared to the stock market? It depends on who exactly bought House of Fraser. If it was Mike Ashley, then no he wouldn’t need to announce it to the stock market. The money is his. NUFC is literally just another bank account for him to move funds around. this is why i asked the question, it was reported as SD bought HoF and indeed it was announced to the stock exchange https://news.sky.com/story/mike-ashleys-sports-direct-buys-house-of-fraser-for-90m-11468296 so how the fuck could the two be linked directly? Link to post Share on other sites More sharing options...
Guest chopey Posted October 8, 2018 Share Posted October 8, 2018 But where did the cash come from I doubt Sports Direct has £90 million in the bank, also the article says it was purchased through "complex financial instruments" so has he not raised the money from here there and everywhere ? Link to post Share on other sites More sharing options...
mrmojorisin75 Posted October 8, 2018 Share Posted October 8, 2018 But where did the cash come from I doubt Sports Direct has £90 million in the bank, also the article says it was purchased through "complex financial instruments" so has he not raised the money from here there and everywhere ? However, a rescue deal by a well-capitalised business like Sports Direct Link to post Share on other sites More sharing options...
Darth Crooks Posted October 8, 2018 Share Posted October 8, 2018 How well regulated is all this? I mean its one thing the rules being in place but are they enforced. Listening to a podcast earlier which basically called the companies house system a farce. Link to post Share on other sites More sharing options...
NE27 Posted October 8, 2018 Share Posted October 8, 2018 Apologies if I'm going over already covered ground but were the final minutes lambasted by all in attendance, or just NUST? Link to post Share on other sites More sharing options...
mrmojorisin75 Posted October 8, 2018 Share Posted October 8, 2018 How well regulated is all this? I mean its one thing the rules being in place but are they enforced. Listening to a podcast earlier which basically called the companies house system a farce. you'd like to think a cunt moving £90m from a privately owned business to a publicly owned company to buy another business would come under some degree of scrutiny like Link to post Share on other sites More sharing options...
Darth Crooks Posted October 8, 2018 Share Posted October 8, 2018 How well regulated is all this? I mean its one thing the rules being in place but are they enforced. Listening to a podcast earlier which basically called the companies house system a farce. you'd like to think a cunt moving £90m from a privately owned business to a publicly owned company to buy another business would come under some degree of scrutiny like Aye I'm sure and I don't pretend to understand it. Things always seem to hint a unethical if not illlegal ways of doing these things that I'm not initially aware of. There always seem to be loopholes. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted October 8, 2018 Share Posted October 8, 2018 How well regulated is all this? I mean its one thing the rules being in place but are they enforced. Listening to a podcast earlier which basically called the companies house system a farce. you'd like to think a cunt moving £90m from a privately owned business to a publicly owned company to buy another business would come under some degree of scrutiny like Aye I'm sure and I don't pretend to understand it. Things always seem to hint a unethical if not illlegal ways of doing these things that I'm not initially aware of. There always seem to be loopholes. very true, where's matt he'll have some idea Link to post Share on other sites More sharing options...
loki679 Posted October 8, 2018 Share Posted October 8, 2018 No way could he funnel £90m to SD from NUFC like that. Everything has to be reported to the market, it could never just slip by not to mention the huge conflict of interest issues. Link to post Share on other sites More sharing options...
Sean Posted October 8, 2018 Share Posted October 8, 2018 Going by trustworthiness etc, its clear as day that he'll be taking more money out of the club than we realise. It's just a question of how much really. Anyway his loan has already been paid back in free advertising/merchandising alone. And then some. Link to post Share on other sites More sharing options...
Bimpy474 Posted October 8, 2018 Share Posted October 8, 2018 This the clutching at shortest of straws but maybe he can't get a buyer because the loan is included in the price. Maybe just maybe he gets the loan back and then sells, ah we're not that lucky are we ? Link to post Share on other sites More sharing options...
Guest neesy111 Posted October 8, 2018 Share Posted October 8, 2018 This the clutching at shortest of straws but maybe he can't get a buyer because he wants his loan is included in the price. Maybe just maybe he gets the loan back and then sells, ah we're not that lucky are we ? That would be perfect for him, he makes even more money. Link to post Share on other sites More sharing options...
Bimpy474 Posted October 8, 2018 Share Posted October 8, 2018 This the clutching at shortest of straws but maybe he can't get a buyer because he wants his loan is included in the price. Maybe just maybe he gets the loan back and then sells, ah we're not that lucky are we ? That would be perfect for him, he makes even more money. I'll take that if it meant the cunt sold us, like i said, just clutching at short straws. Link to post Share on other sites More sharing options...
mickthemagpie Posted October 8, 2018 Share Posted October 8, 2018 Any new owner would spill the beans and tell the world exactly what assets he's stripped from the club and the pittance he paid for them. Club has never genuinely been for sale. Terrified of the truth coming out. Link to post Share on other sites More sharing options...
Colos Short and Curlies Posted October 8, 2018 Share Posted October 8, 2018 No way could he funnel £90m to SD from NUFC like that. Everything has to be reported to the market, it could never just slip by not to mention the huge conflict of interest issues. Wheres the conflict of interest? Also, MA taking cash out of Newcastle United is not a reportable event other than in the annual accounts where his loan balance will be documented. MA putting money into SD (again its likely to be adjusting a loan balance to or from SD from or to MA) would only be reportable in the same way. Its completely understandable that we all think that what MA is doing is criminal in terms of running a football club, but in reality it is 'criminal', not criminal. The only thing we could possibly have on him - and its tenuous at best - is that as a director he can not make decisions/actions that he knows are detrimental to the company. As we remain solvent and (presumably) are paying our creditors he would also pass this. It sucks, but technically not doing anything wrong 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