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Mike Ashley (former owner) (still alive)


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Love how we're seemingly the only club the media see as a business :lol:

 

Everyone else could go bankrupt if it meant the race for 4th place came down to the final weekend of the season.

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Bless - Martin Samuel sticking up for his wanker mate again;

 

https://www.dailymail.co.uk/sport/football/article-7560219/MARTIN-SAMUEL-COLUMN-No-England-player-safe-Gareth-gambler.html

 

Why Corbyn got Ashley all wrong

 

If he was any good, Jeremy Corbyn would be where Jurgen Klopp is now. A whopping eight points clear, his followers feverishly imagining the triumph ahead.

In fact, Klopp has it a lot harder than Corbyn.He has to see off Manchester City, who are rather good. Corbyn, meanwhile, is up against politics’ equivalent of Manchester United under Ole Gunnar Solskjaer.

The Conservatives used to be winners, they regard the big prizes as theirs by right but they are a shambles. Senior players have quit, what is left is mediocre, and the leaders have failed to deliver a coherent, workable strategy on a problem entirely of their making.

Yet still Corbyn trails them in the polls. It’s a two-horse race, the other jockey is facing backwards, and he’s coming third.

That’s why he travels the country trying out populist tropes. He hasn’t managed to formulate an opinion on the most important political issue since appeasement, but he’ll head to Newcastle and preach to the converted

 

He’ll meet a pressure group called Ashley Out and then have a pop at Mike Ashley. Not exactly taking chances, is he? And he’s hardly smart enough to get that right. Corbyn’s attack on Ashley showed only the shallowest intellect or economic understanding.

He targeted the Newcastle owner’s point of greatest strength, his sole trump card. It would be like ignoring Brexit and meeting Boris Johnson on the battleground of classical philosophy.

After the usual entry-level cliches about football and community that could have been sketched on the back of a fag packet by the lowest-grade policy wonk, Corbyn accused Ashley of putting Newcastle’s financial security at risk. Actually, that’s the one thing he hasn’t done. Marginalised the fans, yes. Placed business interests first, certainly. Yet Newcastle are financially stable under Ashley’s stewardship. He runs a tight ship.

It had been going so well, too. Corbyn had singled out Ashley as a bad owner before an appreciative audience. So far, so tame. But when it became necessary to know something of his subject, to have bothered with detail beyond populist banalities, his argument fell apart.

 

Far from risking Newcastle’s financial security, the club under Ashley has made a profit before tax in seven of the last eight financial years.

In 2017-18 total staff costs as a percentage of turnover were 52 per cent when the Premier League average is 60 per cent. At the end of 2017-18 Newcastle had net assets of £8.3m and a £34m surplus in the bank. Non-interest bearing loans owed to Ashley totalled £144m, mostly dating from the beginning of his ownership.

Although £33m was repaid in 2018-19 — making £111m the current balance — those loans mean Newcastle have rarely relied on external interest bearing debt, due to Ashley’s cashflow. In other words, he might be unpopular, he might have Sports Direct branding everywhere, he might have lost good players and better managers, but Newcastle are financially secure.

Labour’s problem has always been convincing the public the budget is safe in their hands and by failing to understand simple facts — such as wage-to-turnover ratio being a key financial health indicator in the assessment of football clubs — Corbyn came across as something of an economic ignoramus. It’s probably why he isn’t where Klopp is now.

 

I don't understand how being £111m in debt to a single individual is preferable to being in debt to a bank or any other legitimate lender. Ashley's had his foot on the club's throat ever since he arrived by virtue of that money and, of course, the existence of it is one of the principal reasons for why won't see the back of him until someone is prepared to come and pay way over the club's market price.

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cannit trust politisions man. I work 70hours a week some weeks and none some weeks on a 0 hour contract for sportdirect and all they dee is tek me money and giv nowt back. Anyways im off doon the club shop to get me and the bairns season tickets and kits for next season. fuck ashley hes not stoppin me ganning.

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We have accepted a 100 million price hike in the asking price due to some totally fake Arab story. This time last year it was 250 mill to buy but not wanting to sell Ashley hatched the Arab plot to raise the bar and make sure nobody ever bought and uncovered the corruption that is his running of our club.

Who dreamt up the 350 mill price tag and what justifies it - absolutely nothing. Ashley is owed 111 million plus a reasonable profit thus making 250 mill just about acceptable. The fake Arab plot which was all of his own invention was contrived to raise the price to a new level that the press have swallowed and regurgitate frequently without asking the question where did the extra 100 million come from?

 

Ashley's 9 bob notes at the club verify to me that nothing that exists within the walls of SJP is straight - say something often enough and it becomes the truth like for instance 350 million. We owe him less than 100 mill if advertising had been correctly accounted. So lets start the sale rumours a good way below the fake asking price cobbled together this summer from within the four walls of the most corrupt football club in the premier league

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Love how we're seemingly the only club the media see as a business :lol:

 

Everyone else could go bankrupt if it meant the race for 4th place came down to the final weekend of the season.

 

It's Martin Samuel, a grade A hypocrite. He was very vocal in criticism of Newcastle fans for hounding out Fat Sam ( a moniker which could also apply to Martin btw) but he went deathly quiet when fans from his own beloved West ham started hounding Allardyce out when he flopped there. Some journos really don't like Newcastle so you have to read their shit with an understanding it will reflect on their opinion.

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Guest Howaythetoon

He would soon change his mind if Ashley was to rock up at West Ham and replaced MP with Bruce and signed Andy Carroll on a pay as you play deal....

 

I’m pretty sure he was scathing of the dildo brothers who Ashley makes look great owners and thoroughly nice chaps to boot.

 

Why anyone would pay these so-called journos any kind of attention is beyond me, Lee Charnley himself knows more about the game than this cunt and I dare say he would be less shite at doing MS’s job than he’s more shite at doing his own job.

 

The likes of this rancid fat mess are to journalism and football reporting what Boris Johnson is to government.

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Everyone needs to get on this. Doesn’t take long at all.

 

It’s criminal what Ashley has done here and it’ll put an end to any future expansion of SJP. It’ll also change the view of the stadium from the town dramatically. Can’t believe only 600 or so have objected so far.

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Everyone needs to get on this. Doesn’t take long at all.

 

It’s criminal what Ashley has done here and it’ll put an end to any future expansion of SJP. It’ll also change the view of the stadium from the town dramatically. Can’t believe only 600 or so have objected so far.

 

I think I already did this a while back. Unless this is a different one.

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Everyone needs to get on this. Doesn’t take long at all.

 

It’s criminal what Ashley has done here and it’ll put an end to any future expansion of SJP. It’ll also change the view of the stadium from the town dramatically. Can’t believe only 600 or so have objected so far.

 

I think I already did this a while back. Unless this is a different one.

 

Think it’s the same one

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