Guest neesy111 Posted February 8, 2019 Share Posted February 8, 2019 Why the fuck is he trying to buy every retail outlet? Get the feeling it may be to do property with how Sports Direct is buying where their stores are along with that fannels etc. Link to post Share on other sites More sharing options...
Guest chopey Posted February 8, 2019 Share Posted February 8, 2019 Why the fuck is he trying to buy every retail outlet? Get the feeling it may be to do property with how Sports Direct is buying where their stores are along with that fannels etc. Majority are rented tho Link to post Share on other sites More sharing options...
Guest neesy111 Posted February 8, 2019 Share Posted February 8, 2019 Why the fuck is he trying to buy every retail outlet? Get the feeling it may be to do property with how Sports Direct is buying where their stores are along with that fannels etc. Majority are rented tho Yes, but if he has a group of retailers then he can move them all into one roof. Like what he's done with the building that has cruise in town and now will have flannels as well since he's bought the building. Link to post Share on other sites More sharing options...
Matt Posted February 8, 2019 Share Posted February 8, 2019 Why the fuck is he trying to buy every retail outlet? Get the feeling it may be to do property with how Sports Direct is buying where their stores are along with that fannels etc. Because they're distressed and sees the opportunity to buy some assets and stiff the creditors. Then he starts with the landlords and tries to get concessions from them. They don't agree, the store closes and will sit empty and earning zero until someone else moves in- that's a powerful lever. I don't think they care about the nature of the underlying business at all- for SD it's a relatively low-risk bet. But operationally, SD is taking is eye off its core business and it's weighed heavily on their share price as they put together this rag-tag bunch of failed businesses. Link to post Share on other sites More sharing options...
Guest neesy111 Posted February 8, 2019 Share Posted February 8, 2019 Why the fuck is he trying to buy every retail outlet? Get the feeling it may be to do property with how Sports Direct is buying where their stores are along with that fannels etc. Because they're distressed and sees the opportunity to buy some assets and stiff the creditors. Then he starts with the landlords and tries to get concessions from them. They don't agree, the store closes and will sit empty and earning zero until someone else moves in- that's a powerful lever. I don't think they care about the nature of the underlying business at all- for SD it's a relatively low-risk bet. But operationally, SD is taking is eye off its core business and it's weighed heavily on their share price as they put together this rag-tag bunch of failed businesses. Yeap, I think it's part of a bigger plan to almost monopolize his businesses against suppliers/landlords etc. Link to post Share on other sites More sharing options...
Odear Posted February 8, 2019 Share Posted February 8, 2019 There was probably a time when our revenues were similar to Liverpool. Gas, isn’t it that by spending shitloads of money on talent and facilities, that it somehow translates into record profits.. it’s almost like people would spend more to see their team playing well?! https://www.bbc.com/sport/football/47168032 Link to post Share on other sites More sharing options...
1964 Posted February 9, 2019 Share Posted February 9, 2019 Liverpool’s profits are more to do with their brilliant scouting network to be fair Link to post Share on other sites More sharing options...
BergenMagpie Posted February 9, 2019 Share Posted February 9, 2019 Liverpool’s profits are more to do with their brilliant scouting network to be fair Its more been their willingness to re-invest whenever selling someone. Cant really think of any players theyve brought in that were unknown. Imagine if we had bought some of the players we have been linked heavily with over the last 8 seasons and also had a manager (pre-Rafa) that would not totally fuck over their potential Link to post Share on other sites More sharing options...
morpeth mag Posted February 9, 2019 Share Posted February 9, 2019 Something and nothing. Never been ITK but met two guys here in South Africa who are selling automated warehouse technology to SD. There thought MA was easy to get out his cheque book and had just upgraded their contract from £15m to £54m. Apparently he is worried about losing his cheap Polish workforce. Link to post Share on other sites More sharing options...
Happinesstan Posted February 11, 2019 Share Posted February 11, 2019 CCTV footage of Ashley's bid for Patisserie Valerie: Link to post Share on other sites More sharing options...
Disco Posted February 12, 2019 Share Posted February 12, 2019 Link to post Share on other sites More sharing options...
manorpark Posted February 12, 2019 Share Posted February 12, 2019 There was probably a time when our revenues were similar to Liverpool. Similar? I thought everyone knew that for many years our revenue / turnover, was much higher than Liverpools . . . Link to post Share on other sites More sharing options...
sbnufc Posted February 12, 2019 Share Posted February 12, 2019 Not sure which countries commentary I had on last night, but the main commentator said when Almiron came on that Ashley has "gone up in their (Newcastle fans) estimations after this signing" These cunts are so out of touch Link to post Share on other sites More sharing options...
Wilson Posted February 12, 2019 Share Posted February 12, 2019 Wonder if that was said during the 'get out of our club' chants that were ringing around the away end. Link to post Share on other sites More sharing options...
sbnufc Posted February 12, 2019 Share Posted February 12, 2019 Wonder if that was said during the 'get out of our club' chants that were ringing around the away end. Was literally just after them, actually.. which just added to my bemusement Link to post Share on other sites More sharing options...
NG32 Posted February 12, 2019 Share Posted February 12, 2019 There was probably a time when our revenues were similar to Liverpool. Similar? I thought everyone knew that for many years our revenue / turnover, was much higher than Liverpools . . . All those other teams make that profit AFTER investing in their team, squad, stadium and academies. Ashley just holds our wealth and removes it at his will. Link to post Share on other sites More sharing options...
Bimpy474 Posted February 12, 2019 Share Posted February 12, 2019 Nearly every team on that list wants to win, not to just exist. We live a zombie life as a club where our owner actively tries not to win things, or even try to. Link to post Share on other sites More sharing options...
Kanj Posted February 12, 2019 Share Posted February 12, 2019 Don't post that article man, Link to post Share on other sites More sharing options...
NG32 Posted February 12, 2019 Share Posted February 12, 2019 Wasted football club. Link to post Share on other sites More sharing options...
Happinesstan Posted February 12, 2019 Share Posted February 12, 2019 The idea that we couldn't afford the loan repayments rankles, still. Link to post Share on other sites More sharing options...
manorpark Posted February 13, 2019 Share Posted February 13, 2019 Don't post that article man, Sorry !! Know what you mean, a great and very successfully progressing club, poised to start winning things . . . W A S T E D. Link to post Share on other sites More sharing options...
Mikky Posted February 13, 2019 Share Posted February 13, 2019 Not sure which countries commentary I had on last night, but the main commentator said when Almiron came on that Ashley has "gone up in their (Newcastle fans) estimations after this signing" These cunts are so out of touch Was Martin Tyler He did in fairness say something along the lines of (Ashley releasing money) “about bloody time too” (not using the exact same language) Link to post Share on other sites More sharing options...
NEEJ Posted February 13, 2019 Share Posted February 13, 2019 Not sure which countries commentary I had on last night, but the main commentator said when Almiron came on that Ashley has "gone up in their (Newcastle fans) estimations after this signing" These cunts are so out of touch Was Martin Tyler He did in fairness say something along the lines of (Ashley releasing money) “about bloody time too” (not using the exact same language) Wasn't Tyler. Parry, wasn't it? Link to post Share on other sites More sharing options...
Paully Posted February 13, 2019 Share Posted February 13, 2019 From .com; The Evening Standard, Wednesday: Deal-hungry Sports Direct tycoon Mike Ashley has borrowed almost £1 billion to help fund his erratic acquisitions spree, despite profits more than halving at his personal investment vehicle. Mash Holdings entered a new revolving credit facility, which gives it access to £907 million, and “it is likely” this will increase to £1 billion, accounts at Companies House showed on Wednesday. Mash Holdings controls Ashley’s stakes in Sports Direct and Newcastle United. The billionaire, who was beaten by a Canadian entrepreneur in a battle to buy music chain HMV from administration last week, will use the extra cash “to seek out profitable investments and development projects”. How about a football club? He also pulled out of the bidding for Patisserie Valerie this weekend, just two days after he emerged as a surprise suitor for the collapsed cafés chain. Pre-tax profits fell from £277 million to £102.5 million for the year to the end of April 2017. The previous year profits halved from £520 million. This is down to Newcastle United, which saw turnover shrink 30% from £131 million to £91 million as media revenue fell. United remains up for sale. Sports Direct’s profits were also hit by higher foreign exchange costs. The accounts, which were lodged six months late, pre-date Sports Direct’s takeover of House of Fraser in August and Evans Cycles in October for £90 million and £8 million, and Ashley adding Sofa.com to his retail empire this month for a “nominal sum”. Ashley has kept the City guessing over his strategy. Some believe he’s making a concerted effort to take over the High Street, while others believe he’s attempting to make quick profits on opportunistic deals. The accounts show while Ashley did not take a salary or receive a dividend in 2017, Mash Holdings spent £109 million buying back shares from shareholders. This potentially includes Ashley himself. Sports Direct posted revenues of £1.7 billion for the 26 weeks to 28 October 2018, up 4.6%. However, underlying pre-tax profits fell 26.8% to £64 million from £88 million. Ashley could not be reached for comment. PS: The Northern Echo report that Ashley's MASH Holdings company received £9m for the sale of land for development on Strawberry Place - £3m more than he reportedly paid NUFC for it in 2009/10. Link to post Share on other sites More sharing options...
Boo Boy Posted February 13, 2019 Share Posted February 13, 2019 https://www.themag.co.uk/2019/02/reasons-why-mike-ashley-hasnt-sold-newcastle-united-contained-in-special-bloomberg-report/ he isn't leaving. EVER! Link to post Share on other sites More sharing options...
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