Crumpy Gunt Posted October 1, 2017 Share Posted October 1, 2017 Wow, all of your pathetic wummery aside, that's a real piece of shit thing to say about someone tbh. Wow, you fail to see it for banter. Link to post Share on other sites More sharing options...
Pilko Posted October 1, 2017 Share Posted October 1, 2017 I wouldn't worry, Shepherd will still get the respectful appluase he deserves from everyone else, even if a handful of brain dead wankers with an axe to grind childishly refuse to clap. Link to post Share on other sites More sharing options...
Dokko Posted October 1, 2017 Share Posted October 1, 2017 I wouldn't worry, Shepherd will still get the respectful appluase he deserves from everyone else, even if a handful of brain dead wankers with an axe to grind childishly refuse to clap. Would you applause if it were Ashley? Link to post Share on other sites More sharing options...
Crumpy Gunt Posted October 1, 2017 Share Posted October 1, 2017 I wouldn't worry, Shepherd will still get the respectful appluase he deserves from everyone else, even if a handful of brain dead wankers with an axe to grind childishly refuse to clap. Would you applause if it were Ashley? I'd volunteer to be pall-bearer. Link to post Share on other sites More sharing options...
Pilko Posted October 1, 2017 Share Posted October 1, 2017 I wouldn't worry, Shepherd will still get the respectful appluase he deserves from everyone else, even if a handful of brain dead wankers with an axe to grind childishly refuse to clap. Would you applause if it were Ashley? That's an absolutely different question. You're comparing someone who loved the club at heart but was also flawed and did some questionable things to someone who has attempted to destroy the club, plastered us with SD logos and relegated us twice in eight years. Link to post Share on other sites More sharing options...
Crumpy Gunt Posted October 1, 2017 Share Posted October 1, 2017 I wouldn't worry, Shepherd will still get the respectful appluase he deserves from everyone else, even if a handful of brain dead wankers with an axe to grind childishly refuse to clap. Would you applause if it were Ashley? That's an absolutely different question. You're comparing someone who loved the club at heart but was also flawed and did some questionable things to someone who has attempted to destroy the club, plastered us with SD logos and relegated us twice in eight years. He certainly did love the club. It made him richer than he could ever have really imagined. Link to post Share on other sites More sharing options...
Dokko Posted October 1, 2017 Share Posted October 1, 2017 I wouldn't worry, Shepherd will still get the respectful appluase he deserves from everyone else, even if a handful of brain dead wankers with an axe to grind childishly refuse to clap. Would you applause if it were Ashley? That's an absolutely different question. You're comparing someone who loved the club at heart but was also flawed and did some questionable things to someone who has attempted to destroy the club, plastered us with SD logos and relegated us twice in eight years. Point is, some people feel just as angry with Shepherd with our decline as much as Ashley. He did after all insult all of the North East off his tits on drugs, bleed the club dry with extortionate rates such as his warehouse schemes, make reactionary decisions like sacking Bobby and bringing in Souness due to Bobby being too soft (this after announcing it would be SBR last season regardless, meaning the young team we had felt like they could take the piss) and saddle the club with debts it couldn't pay whilst making a fortune when his share went to Ashley. If the club wasn't sold, it would have went in to administration at some point or end up like Sunderland is now. But at least he cared. If you think that deserves a round of applause, then fair enough some don't (i'm indifferent) I remember him being boo'd to fuck by 16k at the Owen unveiling, wonder if they'll be applauding him as well? Link to post Share on other sites More sharing options...
tmonkey Posted October 1, 2017 Share Posted October 1, 2017 Shepherd imo was milking the club and running it in a manner not too dissimilar to Ashley in some aspects. Things like: - renting an empty warehouse from his brother for an annual fee that was almost the same as the cost of buying the warehouse outright. - declaring dividends for himself and the Halls whilst at the same time stating we had no transfer funds. Shepherd used the dividend money to increase his shares in the club iirc. - utilizing one agent so much that this agent had an actual office in St James', with Freddy's son working for said agent out of that office (i.e. the Shepherd family personally financially benefits from transfers, incentivizing overpayments). IIRC the Shepherds had rumoured interest in McKay's agency firm, but don't think that was ever confirmed. - terrible managerial appointments, some of which showed zero ambition. It's absolute sheer luck that he had a genuine world class "Geordie" manager in Sir Bobby out there, with emotional ties to NUFC, looking to come home (in the same way we're lucky the situation with Rafa has him here). If Sir Bobby had no ties with NUFC he'd probably have stayed well clear. Sir Bobby is Freddy's only good appointment. - Messed Sir Bobby (and others) around in the transfer market numerous times, refusing to buy players the manager wanted and sometimes selling players without the mangers knowledge. Remember the Michael Carrick debacle? Available from West Ham for £2m with his contract running out, Sir Bobby made it clear he wanted Carrick, Shepherd offers £0.5m knowing it would be rejected. Meanwhile he was happy to spend big on players he probably had self-interest connections with. Always thought there was something fishy about not wanting to meet Fenerbahce's £8m price for Anelka when the player was desperate to come here and Souness desperately wanted him (iirc Shepherd was offering half that), yet being happy to spunk £17m on Owen. - Shepherd drove out Keegan imo, think Kevin knew that the Shepherds and Halls Snr/Jnr didn't have the ambitions Sir John Hall initially had and that they were looking to milk NUFC with the flotation. - Having Hall/Shepherd family members on the "Board" of NUFC, with some of them never actually setting foot in the club (bit like Ashley and his jobs for the boys). And this is just the s*** we know about. Everything Shepherd did in his running of the club was pretty much Ashley-esque, and I've always felt that Ashley may have bought the club having seen, or been told of, the ways in which it could be milked. Link to post Share on other sites More sharing options...
Dokko Posted October 1, 2017 Share Posted October 1, 2017 Shepherd imo was milking the club and running it in a manner not too dissimilar to Ashley in some aspects. Things like: - renting an empty warehouse from his brother for an annual fee that was almost the same as the cost of buying the warehouse outright. - declaring dividends for himself and the Halls whilst at the same time stating we had no transfer funds. Shepherd used the dividend money to increase his shares in the club iirc. - utilizing one agent so much that this agent had an actual office in St James', with Freddy's son working for said agent out of that office (i.e. the Shepherd family personally financially benefits from transfers, incentivizing overpayments). IIRC the Shepherds had rumoured interest in McKay's agency firm, but don't think that was ever confirmed. - terrible managerial appointments, some of which showed zero ambition. It's absolute sheer luck that he had a genuine world class "Geordie" manager in Sir Bobby out there, with emotional ties to NUFC, looking to come home (in the same way we're lucky the situation with Rafa has him here). If Sir Bobby had no ties with NUFC he'd probably have stayed well clear. Sir Bobby is Freddy's only good appointment. - Messed Sir Bobby (and others) around in the transfer market numerous times, refusing to buy players the manager wanted and sometimes selling players without the mangers knowledge. Remember the Michael Carrick debacle? Available from West Ham for £2m with his contract running out, Sir Bobby made it clear he wanted Carrick, Shepherd offers £0.5m knowing it would be rejected. Meanwhile he was happy to spend big on players he probably had self-interest connections with. Always thought there was something fishy about not wanting to meet Fenerbahce's £8m price for Anelka when the player was desperate to come here and Souness desperately wanted him (iirc Shepherd was offering half that), yet being happy to spunk £17m on Owen. - Shepherd drove out Keegan imo, think Kevin knew that the Shepherds and Halls Snr/Jnr didn't have the ambitions Sir John Hall initially had and that they were looking to milk NUFC with the flotation. - Having Hall/Shepherd family members on the "Board" of NUFC, with some of them never actually setting foot in the club (bit like Ashley and his jobs for the boys). And this is just the s*** we know about. Everything Shepherd did in his running of the club was pretty much Ashley-esque, and I've always felt that Ashley may have bought the club having seen, or been told of, the ways in which it could be milked. Surely deserves a standing ovation. Link to post Share on other sites More sharing options...
James Posted October 1, 2017 Share Posted October 1, 2017 I wouldn't worry, Shepherd will still get the respectful appluase he deserves from everyone else, even if a handful of brain dead wankers with an axe to grind childishly refuse to clap. Would you applause if it were Ashley? That's an absolutely different question. You're comparing someone who loved the club at heart but was also flawed and did some questionable things to someone who has attempted to destroy the club, plastered us with SD logos and relegated us twice in eight years. He certainly did love the club. It made him richer than he could ever have really imagined. Never liked his managerial appointments Probably died of some complications related to Greggs Link to post Share on other sites More sharing options...
sbnufc Posted October 7, 2017 Share Posted October 7, 2017 http://www.bbc.com/news/uk-england-tyne-41536565 Link to post Share on other sites More sharing options...
astraguy Posted October 7, 2017 Share Posted October 7, 2017 Rooney? Odd Link to post Share on other sites More sharing options...
Greg Posted October 7, 2017 Share Posted October 7, 2017 Rooney? Odd Not really. http://www.triplessportsentertainment.com/ Link to post Share on other sites More sharing options...
Guest milburn990 Posted October 8, 2017 Share Posted October 8, 2017 His heart was in the right place wanting success but him and Hall bled the club dry. You've got to take your hat off the way he managed to sell up to a cockney spiv, out spiving him by hiding £100M worth of debt. Link to post Share on other sites More sharing options...
Cronky Posted October 8, 2017 Share Posted October 8, 2017 Some interesting posts here. He got involved as a fan, but he fell into thinking that the club's interests and his own interests were identical. Also struck me as a bloke who only listened to advice that would reinforce his pre-conceived ideas. Link to post Share on other sites More sharing options...
quayside Posted October 8, 2017 Share Posted October 8, 2017 His heart was in the right place wanting success but him and Hall bled the club dry. You've got to take your hat off the way he managed to sell up to a cockney spiv, out spiving him by hiding £100M worth of debt. No contracted debt was hidden, it was in the accounts. The issue was that, on a change of ownership, the debt contract said that the debt could be called in. And once there was a change of ownership it was indeed called in. Barclays seized the opportunity and ran. There has been debate on here as to whether Ashley should have known that would happen. Yes he should - but I don’t think he did. Thick as mince in transactions like the one he did to buy us, no previous experience is my take on it - others disagree I know. But none of us has a fecking clue what was in his head at the time tbh. Link to post Share on other sites More sharing options...
Kanji Posted October 11, 2017 Share Posted October 11, 2017 His heart was in the right place wanting success but him and Hall bled the club dry. You've got to take your hat off the way he managed to sell up to a cockney spiv, out spiving him by hiding £100M worth of debt. No contracted debt was hidden, it was in the accounts. The issue was that, on a change of ownership, the debt contract said that the debt could be called in. And once there was a change of ownership it was indeed called in. Barclays seized the opportunity and ran. There has been debate on here as to whether Ashley should have known that would happen. Yes he should - but I don’t think he did. Thick as mince in transactions like the one he did to buy us, no previous experience is my take on it - others disagree I know. But none of us has a fecking clue what was in his head at the time tbh. Any sane person doesn't put that much cash up to buy a sports organization without doing their due diligence. He could have easily paid that loan off and then went to any one of his preferred lenders who work with him at SD and gotten a larger loan to offset his equity some and likely gotten some decent terms as it was 2007 when i purchased the club and the world didn't fall apart yet. Only person to blame wasn't anyone but his. We were more than fine generating our own cash flow to cover that debt or replacement. Link to post Share on other sites More sharing options...
wormy Posted October 11, 2017 Share Posted October 11, 2017 His heart was in the right place wanting success but him and Hall bled the club dry. You've got to take your hat off the way he managed to sell up to a cockney spiv, out spiving him by hiding £100M worth of debt. No contracted debt was hidden, it was in the accounts. The issue was that, on a change of ownership, the debt contract said that the debt could be called in. And once there was a change of ownership it was indeed called in. Barclays seized the opportunity and ran. There has been debate on here as to whether Ashley should have known that would happen. Yes he should - but I don’t think he did. Thick as mince in transactions like the one he did to buy us, no previous experience is my take on it - others disagree I know. But none of us has a fecking clue what was in his head at the time tbh. Any sane person doesn't put that much cash up to buy a sports organization without doing their due diligence. He could have easily paid that loan off and then went to any one of his preferred lenders who work with him at SD and gotten a larger loan to offset his equity some and likely gotten some decent terms as it was 2007 when i purchased the club and the world didn't fall apart yet. Only person to blame wasn't anyone but his. We were more than fine generating our own cash flow to cover that debt or replacement. http://www.reactiongifs.com/r/brule-omg.gif Link to post Share on other sites More sharing options...
Guest neesy111 Posted October 11, 2017 Share Posted October 11, 2017 Our finances were precarious at the time mind. We made 2 years of big losses previously. Was rumoured that shepherd was trying to remortgage the whole of our debt. Link to post Share on other sites More sharing options...
quayside Posted October 11, 2017 Share Posted October 11, 2017 His heart was in the right place wanting success but him and Hall bled the club dry. You've got to take your hat off the way he managed to sell up to a cockney spiv, out spiving him by hiding £100M worth of debt. No contracted debt was hidden, it was in the accounts. The issue was that, on a change of ownership, the debt contract said that the debt could be called in. And once there was a change of ownership it was indeed called in. Barclays seized the opportunity and ran. There has been debate on here as to whether Ashley should have known that would happen. Yes he should - but I don’t think he did. Thick as mince in transactions like the one he did to buy us, no previous experience is my take on it - others disagree I know. But none of us has a fecking clue what was in his head at the time tbh. Any sane person doesn't put that much cash up to buy a sports organization without doing their due diligence. He could have easily paid that loan off and then went to any one of his preferred lenders who work with him at SD and gotten a larger loan to offset his equity some and likely gotten some decent terms as it was 2007 when i purchased the club and the world didn't fall apart yet. Only person to blame wasn't anyone but his. We were more than fine generating our own cash flow to cover that debt or replacement. Disagree with most of that. In the context of owning a football club would any sane person employ Joe Kinnear twice? I do not think Ashley did any due diligence. There was some due diligence done around that time but it was by a hedge fund who didn’t appear to like what they found. And if we were more than fine generating our own cash flow to service the debt why did Barclays get the hell out when they were earning an excellent interest rate on the debt? Link to post Share on other sites More sharing options...
madras Posted October 11, 2017 Share Posted October 11, 2017 His heart was in the right place wanting success but him and Hall bled the club dry. You've got to take your hat off the way he managed to sell up to a cockney spiv, out spiving him by hiding £100M worth of debt. No contracted debt was hidden, it was in the accounts. The issue was that, on a change of ownership, the debt contract said that the debt could be called in. And once there was a change of ownership it was indeed called in. Barclays seized the opportunity and ran. There has been debate on here as to whether Ashley should have known that would happen. Yes he should - but I don’t think he did. Thick as mince in transactions like the one he did to buy us, no previous experience is my take on it - others disagree I know. But none of us has a fecking clue what was in his head at the time tbh. Any sane person doesn't put that much cash up to buy a sports organization without doing their due diligence. He could have easily paid that loan off and then went to any one of his preferred lenders who work with him at SD and gotten a larger loan to offset his equity some and likely gotten some decent terms as it was 2007 when i purchased the club and the world didn't fall apart yet. Only person to blame wasn't anyone but his. We were more than fine generating our own cash flow to cover that debt or replacement. Disagree with most of that. In the context of owning a football club would any sane person employ Joe Kinnear twice? I do not think Ashley did any due diligence. There was some due diligence done around that time but it was by a hedge fund who didn’t appear to like what they found. And if we were more than fine generating our own cash flow to service the debt why did Barclays get the hell out when they were earning an excellent interest rate on the debt? There was 2 or 3. One was a fund that I think you wetre referring to, Octagon or Pentagon. All looked at the books and legged it. Link to post Share on other sites More sharing options...
quayside Posted October 11, 2017 Share Posted October 11, 2017 http://www.chroniclelive.co.uk/sport/football/football-news/sir-john-hall-sold-newcastle-13187478 https://www.theguardian.com/football/2007/jan/20/newsstory.sport7 Polygon was the other interested party. Link to post Share on other sites More sharing options...
Optimistic Nut Posted October 12, 2017 Share Posted October 12, 2017 Looks like we dodged a massive bullet there. https://jerseyeveningpost.com/news/2008/09/09/management-issues-affect-belgravia-funds/ https://www.theguardian.com/football/2009/oct/01/russell-king-notts-county Link to post Share on other sites More sharing options...
magorific Posted October 12, 2017 Share Posted October 12, 2017 Looks like we dodged a massive bullet there. https://jerseyeveningpost.com/news/2008/09/09/management-issues-affect-belgravia-funds/ https://www.theguardian.com/football/2009/oct/01/russell-king-notts-county Yes, and Hall was desperate to sell to them (he knew King's dad). Shepherd refused to speak to them. Link to post Share on other sites More sharing options...
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