Shearergol Posted July 30, 2018 Share Posted July 30, 2018 Where's the money going? Is it legal for him to treat the club as a piggy bank? He’s not. Link to post Share on other sites More sharing options...
xLiaaamx Posted July 30, 2018 Share Posted July 30, 2018 Surely he can't just take 50 million out of the TV money and give it to House of Fraser? That's got to be illegal. If not, then we need action in football. Not that the MP petition will go anywhere. Link to post Share on other sites More sharing options...
Elliottman Posted July 30, 2018 Share Posted July 30, 2018 Surely he can't just take 50 million out of the TV money and give it to House of Fraser? That's got to be illegal. If not, then we need action in football. Not that the MP petition will go anywhere. Who says he’s doing this? Link to post Share on other sites More sharing options...
Segun Oluwaniyi Posted July 30, 2018 Share Posted July 30, 2018 Surely he can't just take 50 million out of the TV money and give it to House of Fraser? That's got to be illegal. If not, then we need action in football. Not that the MP petition will go anywhere. Even if this is what Ashley is doing in practice, nothing on the books would ever reflect this. The guy is a billionaire businessman, not some financial illiterate. I am not sure there would be anything untoward about him using the profits from his own investments, anyway. Link to post Share on other sites More sharing options...
Infinitely Content Posted July 30, 2018 Share Posted July 30, 2018 Surely he can't just take 50 million out of the TV money and give it to House of Fraser? That's got to be illegal. If not, then we need action in football. Not that the MP petition will go anywhere. Who says he’s doing this? Aye, seems a weird thing to assume. Ashley is obviously a greedy man, but to just assume he's taking money out of our club to fund his business ventures when he's literally a billionaire is a bit silly, really. Link to post Share on other sites More sharing options...
Guest chopey Posted July 30, 2018 Share Posted July 30, 2018 I have no idea about this but I imagine transferring funds between holding companies would be quite easy. Link to post Share on other sites More sharing options...
Anderson Posted July 30, 2018 Share Posted July 30, 2018 Surely he can't just take 50 million out of the TV money and give it to House of Fraser? That's got to be illegal. If not, then we need action in football. Not that the MP petition will go anywhere. He owns us and we 'owe' him a £100m+ loan repayment, he can do what he wants. Not that he will have done it. Link to post Share on other sites More sharing options...
Dave Posted July 30, 2018 Share Posted July 30, 2018 I was being facetious FWIW. Link to post Share on other sites More sharing options...
Shearergol Posted July 30, 2018 Share Posted July 30, 2018 I have no idea about this but I imagine transferring funds between holding companies would be quite easy. Yeah, nothing stopping him loaning nufc cash. He won’t do that though. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted July 30, 2018 Share Posted July 30, 2018 £27m? Assume that's with add ons? Link to post Share on other sites More sharing options...
geordiedean Posted July 30, 2018 Share Posted July 30, 2018 Surely he can't just take 50 million out of the TV money and give it to House of Fraser? That's got to be illegal. If not, then we need action in football. Not that the MP petition will go anywhere. Why would it be illegal to use a successful business to support another that is struggling they are both his business assets he can do what he wants with money generated from his businesses Ive been saying this all along that he's been using the money generated from NUFC to supplement losses in other interests Link to post Share on other sites More sharing options...
Shearergol Posted July 30, 2018 Share Posted July 30, 2018 Surely he can't just take 50 million out of the TV money and give it to House of Fraser? That's got to be illegal. If not, then we need action in football. Not that the MP petition will go anywhere. Why would it be illegal to use a successful business to support another that is struggling they are both his business assets he can do what he wants with money generated from his businesses Ive been saying this all along that he's been using the money generated from NUFC to supplement losses in other interests Hides it well in the accounts though. Link to post Share on other sites More sharing options...
Infinitely Content Posted July 30, 2018 Share Posted July 30, 2018 £27m? Assume that's with add ons? Yeah, looks like it's closer to £20m initially. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted July 30, 2018 Share Posted July 30, 2018 £27m? Assume that's with add ons? Yeah, looks like it's closer to £20m initially. Think I've won a forum bet then. Every cloud. Link to post Share on other sites More sharing options...
Infinitely Content Posted July 30, 2018 Share Posted July 30, 2018 £27m? Assume that's with add ons? Yeah, looks like it's closer to £20m initially. Think I've won a forum bet then. Every cloud. A reported £22m deal. But who really knows other than the parties involved, I guess. Link to post Share on other sites More sharing options...
Shearergol Posted July 30, 2018 Share Posted July 30, 2018 Every fan of every other club in the country would now be excited to see who they’re gonna spend the money on. We are unique, surely no other club is like this? Link to post Share on other sites More sharing options...
geordiedean Posted July 30, 2018 Share Posted July 30, 2018 Surely he can't just take 50 million out of the TV money and give it to House of Fraser? That's got to be illegal. If not, then we need action in football. Not that the MP petition will go anywhere. Why would it be illegal to use a successful business to support another that is struggling they are both his business assets he can do what he wants with money generated from his businesses Ive been saying this all along that he's been using the money generated from NUFC to supplement losses in other interests Hides it well in the accounts though. Thats why you pay a decent accountant he probably pays his accountants that he has on retainer more than he pays Charnley a year Link to post Share on other sites More sharing options...
Odear Posted July 30, 2018 Share Posted July 30, 2018 Surely he can't just take 50 million out of the TV money and give it to House of Fraser? That's got to be illegal. If not, then we need action in football. Not that the MP petition will go anywhere. Who says he’s doing this? The club allegedly owe him 140+ million, all we know (allegedly) is what’s disclosed in the end of year accounts, we have no idea what happens in real time between NUFC and Mash holdings. He could quite easily be withdrawing club funds as he needs them, everyone but Justin Barnes, Keith Bishop and Lee Charnley of course are left scratching their heads. Both the club and his holding company are privately owned so it’s not held to the same scrutiny as a PLC. Link to post Share on other sites More sharing options...
relámpago blanco Posted July 30, 2018 Share Posted July 30, 2018 Surely he can't just take 50 million out of the TV money and give it to House of Fraser? That's got to be illegal. If not, then we need action in football. Not that the MP petition will go anywhere. Who says he’s doing this? The club allegedly owe him 140+ million, all we know (allegedly) is what’s disclosed in the end of year accounts, we have no idea what happens in real time between NUFC and Mash holdings. He could quite easily be withdrawing club funds as he needs them, everyone but Justin Barnes, Keith Bishop and Lee Charnley of course are left scratching their heads. Both the club and his holding company are privately owned so it’s not held to the same scrutiny as a PLC. He can take money out in dividends if the club is making a profit. He has never done this. He can repay his loan but from my understanding he hasn't done this either. I hate Ashley as much as the next man but all this bullshit about people saying he is pulling money out of the club is utter bollocks. Link to post Share on other sites More sharing options...
TRon Posted July 30, 2018 Share Posted July 30, 2018 Surely he can't just take 50 million out of the TV money and give it to House of Fraser? That's got to be illegal. If not, then we need action in football. Not that the MP petition will go anywhere. Who says he’s doing this? The club allegedly owe him 140+ million, all we know (allegedly) is what’s disclosed in the end of year accounts, we have no idea what happens in real time between NUFC and Mash holdings. He could quite easily be withdrawing club funds as he needs them, everyone but Justin Barnes, Keith Bishop and Lee Charnley of course are left scratching their heads. Both the club and his holding company are privately owned so it’s not held to the same scrutiny as a PLC. He can take money out in dividends if the club is making a profit. He has never done this. He can repay his loan but from my understanding he hasn't done this either. I hate Ashley as much as the next man but all this bullshit about people saying he is pulling money out of the club is utter bollocks. He might not be pulling it out, but fuck knows where it's going, because there's no way it's been spent on the squad. Link to post Share on other sites More sharing options...
Benwell Lad Posted July 30, 2018 Share Posted July 30, 2018 I was being facetious FWIW. It's kind of embarrassing that you have to explain this. We poke fun at some of the cretins who populate RTG but this place can run it close on occasions nowadays. Link to post Share on other sites More sharing options...
Si Posted July 30, 2018 Share Posted July 30, 2018 http://ffcw001.azureedge.net/-/media/playeractionshots/mitro6_604_signing.jpg Looks off his tits He really does Link to post Share on other sites More sharing options...
mrmojorisin75 Posted July 30, 2018 Share Posted July 30, 2018 http://ffcw001.azureedge.net/-/media/playeractionshots/mitro6_604_signing.jpg Looks off his tits He really does He's just bettered the squires Steve bribes contact frame Link to post Share on other sites More sharing options...
ohmelads Posted July 31, 2018 Share Posted July 31, 2018 Surely he can't just take 50 million out of the TV money and give it to House of Fraser? That's got to be illegal. If not, then we need action in football. Not that the MP petition will go anywhere. Who says he’s doing this? The club allegedly owe him 140+ million, all we know (allegedly) is what’s disclosed in the end of year accounts, we have no idea what happens in real time between NUFC and Mash holdings. He could quite easily be withdrawing club funds as he needs them, everyone but Justin Barnes, Keith Bishop and Lee Charnley of course are left scratching their heads. Both the club and his holding company are privately owned so it’s not held to the same scrutiny as a PLC. He can take money out in dividends if the club is making a profit. He has never done this. He can repay his loan but from my understanding he hasn't done this either. I hate Ashley as much as the next man but all this bullshit about people saying he is pulling money out of the club is utter bollocks. He might not be pulling it out, but fuck knows where it's going, because there's no way it's been spent on the squad. Presumably it's just disappearing. Link to post Share on other sites More sharing options...
tgarve Posted July 31, 2018 Share Posted July 31, 2018 Surely he can't just take 50 million out of the TV money and give it to House of Fraser? That's got to be illegal. If not, then we need action in football. Not that the MP petition will go anywhere. Who says he’s doing this? The club allegedly owe him 140+ million, all we know (allegedly) is what’s disclosed in the end of year accounts, we have no idea what happens in real time between NUFC and Mash holdings. He could quite easily be withdrawing club funds as he needs them, everyone but Justin Barnes, Keith Bishop and Lee Charnley of course are left scratching their heads. Both the club and his holding company are privately owned so it’s not held to the same scrutiny as a PLC. He can take money out in dividends if the club is making a profit. He has never done this. He can repay his loan but from my understanding he hasn't done this either. I hate Ashley as much as the next man but all this bullshit about people saying he is pulling money out of the club is utter bollocks. He might not be pulling it out, but fuck knows where it's going, because there's no way it's been spent on the squad. Presumably it's just disappearing. Is it conceivable the money could be leaving the club through some sort of invisible membrane? Link to post Share on other sites More sharing options...
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