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Various: Mike Ashley in talks with Sheikh Khaled bin Zayed Al Nehayan


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I want this tosser to go bankrupt, but as a stock market dabbler myself (not even on the same level as holding a real stake in a company), he's right that the Dabenham brass have left their investors high and dry.

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Have to admit, I haven't derived this much pleasure from a story involving Mike Ashley for quite some time.

 

In case others are looking for similar joy: https://www.bbc.co.uk/news/business-47744335

 

I particularly like this quote from the fat cunt - "If there were any justice in the world the majority of the advisors would be put in prison". The fucking irony  :lol:

 

He's gonna take any losses out on our club though unfortunately.

 

On that note, what did actually happen to Kenyon in the end? I'm still sure he was part of the game.

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Mike Ashley is a complete cunt when it comes to us and a total prick when it comes to business, but that doesn’t mean he can’t be nice to people he knows and loves. People seemed shocked he has friends and family.  :lol:

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Guest covmag

He will hold on to his cashcow even harder now

 

 

This, until we have the balls to stop going he is a lifer

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We need to stop fretting about what he's doing at SD as if it has a direct impact on NUFC's operations. SD haven't paid a dividend in years as they've spent every spare penny buying up failed businesses- that money has come from SD's operations and borrowings. They have already written down the holding in Debenhams and in any case this has no cash impact as the shares were bought and paid for some time ago. Maybe Ashley wants money for some other personal project or another yacht- but it's not been put towards the SD business.

 

And until NUFC as a business can produce regular and predictable positive cashflow, it will never be a 'cash cow'. Assuming he took a distribution from the business last summer, he's managed that twice in the decade he's owned the club (aside from when he made an additional loan after the second relegation). That is a shit cow.

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Guest chopey

I'm sure your right but I still can't believe that in Rafa's time here our only transfer income cash is generated from player sales, the Sky, commercial and season ticket money can't be getting used just to run club

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So far, it more or less has with the exception of Ashley taking cash out of the Carroll sale. Clearly same thing happened last summer but we just have to wait to see how much it actually was- that was our first year with the new PL TV deal cash which is a game changer.

 

It's so difficult to pick out the truth when it takes so long to get accounts- especially given Ashley's persistent abuse of the rules to delay their release.

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