Elliottman Posted November 17 Share Posted November 17 Just watched the main event and saw them. That’s a mad 4some, Trump, Musk, Yassir and Kid Rock. Is there a glitch in the World at the moment?! Link to post Share on other sites More sharing options...
Joelinton7 Posted November 17 Share Posted November 17 2 hours ago, Elliottman said: Just watched the main event and saw them. That’s a mad 4some, Trump, Musk, Yassir and Kid Rock. Is there a glitch in the World at the moment?! Aye, the US president, owner of Twitter/luncatic who sends rockets to space, Kid Rock and the chairman of Newcastle United. Someone definitely killed a fish or windmilled a butterfly somewhere. Link to post Share on other sites More sharing options...
GeordieT Posted November 19 Share Posted November 19 Link to post Share on other sites More sharing options...
TheBrownBottle Posted November 19 Share Posted November 19 On 17/11/2024 at 21:21, PauloGeordio said: Newcastle chairman Yasir Al-Rumayyan enjoying front-row seats at #UFC309 alongside Donald Trump and Elon Musk. We is big! Yasir peddling Miggy to The Orange one! PIF funded Musk’s Twitter takeover. Can’t say it makes me any less comfortable than I was before - Trump is an authoritarian at minimum, and a fascist at worst, and Musk’s cunt bone fides are an open book. Link to post Share on other sites More sharing options...
Ben Posted November 20 Share Posted November 20 Musk must be the ultimate Bond villan at this stage, Rockets, mates with politics people, running media communication, 007 has got his work cut out with this one. Link to post Share on other sites More sharing options...
Stifler Posted November 20 Share Posted November 20 8 hours ago, GeordieT said: For the record, issuing new shares is!’t allowed from a PSR perspective. You are allowed to do it, but it doesn’t count towards your income. So if this is for January, then it would mean that we are allowed to spend another £35m that the club doesn’t currently have. It could be used for anything else non-football related. Link to post Share on other sites More sharing options...
500bhp Posted November 20 Share Posted November 20 1 hour ago, Stifler said: For the record, issuing new shares is!’t allowed from a PSR perspective. You are allowed to do it, but it doesn’t count towards your income. So if this is for January, then it would mean that we are allowed to spend another £35m that the club doesn’t currently have. It could be used for anything else non-football related. It'll be for liqudity/cashflow purposes. It has no impact at all on PSR headroom or calculations. You can issue new share capital whenever you want, PSR does not prohibit this. Link to post Share on other sites More sharing options...
Rich Posted November 20 Share Posted November 20 2 hours ago, Stifler said: For the record, issuing new shares is!’t allowed from a PSR perspective. You are allowed to do it, but it doesn’t count towards your income. So if this is for January, then it would mean that we are allowed to spend another £35m that the club doesn’t currently have. It could be used for anything else non-football related. Is it not just the standard allowable annual injection of cash from owners? It’s £105M over a three year period IIRC, so £35M a year. Link to post Share on other sites More sharing options...
Unbelievable Posted November 20 Share Posted November 20 2 minutes ago, Rich said: Is it not just the standard allowable annual injection of cash from owners? It’s £105M over a three year period IIRC, so £35M a year. Don't think so. The 105m/3 year rolling is allowable losses. Link to post Share on other sites More sharing options...
Rich Posted November 20 Share Posted November 20 1 minute ago, Unbelievable said: Don't think so. The 105m/3 year rolling is allowable losses. I thought owners are allowed to provide that same level of secure funding over three years, by way of equity injection, etc. Link to post Share on other sites More sharing options...
r0cafella Posted November 20 Share Posted November 20 Just now, Rich said: I thought owners are allowed to provide that same level of secure funding over three years, by way of equity injection, etc. The cap UB is referring to is inclusive of this funding laughably. Link to post Share on other sites More sharing options...
Rich Posted November 20 Share Posted November 20 Just had a quick look, and it’s £90M of owner-injected funding allowed over three years: ‘Premier League clubs can... Make 'allowable' losses of up to £5m/season (averaged over three seasons) Increase that figure to £35m/year with owner investment (averaged over three seasons)’ Link to post Share on other sites More sharing options...
r0cafella Posted November 20 Share Posted November 20 1 minute ago, Rich said: Just had a quick look, and it’s £90M of owner-injected funding allowed over three years: ‘Premier League clubs can... Make 'allowable' losses of up to £5m/season (averaged over three seasons) Increase that figure to £35m/year with owner investment (averaged over three seasons)’ This is why squad cost terrifies me btw. Especially if the owner investment component is removed. Link to post Share on other sites More sharing options...
TheBrownBottle Posted November 20 Share Posted November 20 3 hours ago, Rich said: Just had a quick look, and it’s £90M of owner-injected funding allowed over three years: ‘Premier League clubs can... Make 'allowable' losses of up to £5m/season (averaged over three seasons) Increase that figure to £35m/year with owner investment (averaged over three seasons)’ They’re accounting losses - it doesn’t necessarily mean that the club is only running up a £35m deficit in a season. The injection is likely to cover salaries etc. Link to post Share on other sites More sharing options...
KetsbaiaIsBald Posted November 20 Share Posted November 20 Stolen from Reddit. This has been all the injections. it’s been 7 months since the last one of a similar amount. https://bsky.app/profile/gamestateuk.bsky.social/post/3lbdfqwx3jk2b Link to post Share on other sites More sharing options...
Lazarus Posted November 20 Share Posted November 20 2 minutes ago, KetsbaiaIsBald said: Stolen from Reddit. This has been all the injections. it’s been 7 months since the last one of a similar amount. https://bsky.app/profile/gamestateuk.bsky.social/post/3lbdfqwx3jk2b Oh you mean CASH injections? I thought you meant.......something else. Link to post Share on other sites More sharing options...
Jackie Broon Posted November 20 Share Posted November 20 1 hour ago, TheBrownBottle said: They’re accounting losses - it doesn’t necessarily mean that the club is only running up a £35m deficit in a season. The injection is likely to cover salaries etc. It's a big gap though, £430m vs. £105m covering allowable of losses in the three years since the takeover. Maybe part of it was clearing the loan that transferred from Ashley? But that's still a big difference. It would be interesting to understand how the difference is accounted for because I doubt our infrastructure, women's team and youth spending is anywhere near that. Link to post Share on other sites More sharing options...
Keegans Export Posted November 20 Share Posted November 20 (edited) 1 hour ago, Jackie Broon said: It's a big gap though, £430m vs. £105m covering allowable of losses in the three years since the takeover. Maybe part of it was clearing the loan that transferred from Ashley? But that's still a big difference. It would be interesting to understand how the difference is accounted for because I doubt our infrastructure, women's team and youth spending is anywhere near that. Presumably at least part of it will be our favourite word - amortisation. eg. Isak cost £63m, I'm not sure how much of that was paid up-front but assuming all/most of it then we'd need £63m cash but only £12.6m would be on the years accounts. There's £50m straight away. Gordon I'm fairly sure was £45m cash because Everton needed the money so that's £45m versus £10-15m on the accounts. Edited November 20 by Keegans Export Link to post Share on other sites More sharing options...
NSG Posted November 21 Share Posted November 21 On 20/11/2024 at 08:58, Rich said: Just had a quick look, and it’s £90M of owner-injected funding allowed over three years: ‘Premier League clubs can... Make 'allowable' losses of up to £5m/season (averaged over three seasons) Increase that figure to £35m/year with owner investment (averaged over three seasons)’ Cash =/= Accounting loss They can put in as much cash as they like, but only £90m over 3 years can go down as a loss on the P&L They can still invest in capital projects (ie stadium expansion) and women’s team etc as much as they like. Link to post Share on other sites More sharing options...
Rich Posted November 21 Share Posted November 21 3 hours ago, NSG said: Cash =/= Accounting loss They can put in as much cash as they like, but only £90m over 3 years can go down as a loss on the P&L They can still invest in capital projects (ie stadium expansion) and women’s team etc as much as they like. Aye, understand all that, I was speaking purely about what’s allowable from an accounting perspective under PSR. Should’ve been clearer. People had said issuing shares isn’t allowed under PSR and that this is totally unrelated to PSR, when we need to be issuing £90M’s worth every three years purely for PSR reasons at the moment. Link to post Share on other sites More sharing options...
r0cafella Posted November 22 Share Posted November 22 https://www.nytimes.com/athletic/5935146/2024/11/21/eales-mitchell-stadium-newcastle/ A piece worth reading from Waugh believe it or not. Link to post Share on other sites More sharing options...
Whitley mag Posted November 22 Share Posted November 22 Interesting part below, would love them to take over the new arena development which appears to have run into trouble, could be a real earner for club like the Co-Op arena in Manchester and make the development even more ambitious. Investment in Newcastle (the city) to follow? There were also little indicators, which were not fleshed out, that further infrastructure projects, inside the club and around the city, might be announced soon. Miller explained that his role overseeing infrastructure investments involves the stadium, the training ground, the academy and “our future plans”. He did not directly reference a new training ground, but plans to recalibrate the present site are being explored, and the long-proposed idea is that Newcastle will build a state-of-the-art facility elsewhere. Capper, meanwhile, was asked whether infrastructure spending is exempt from PSR calculations. He replied that it was complicated, but “it’s mostly outside”. He continued: “This (STACK) is an example of the type of thing we’re looking at across the business in terms of investing capital to generate more revenue from the club going forward. We’ve got some exciting pipeline ideas. A lot of them are not quite ready to share, but they are bubbling under. And hopefully, over the next few months, we’ll be revealing a bit more about how we grow the revenue by investing in Newcastle and this club.” The implication is that Newcastle are looking at investing beyond the footprint of the stadium and into the wider city. Link to post Share on other sites More sharing options...
Stifler Posted November 28 Share Posted November 28 Falcons, and Kingston Park has been put up for sale. I wonder if PIF will go in for them. Link to post Share on other sites More sharing options...
The College Dropout Posted December 1 Share Posted December 1 Honestly care more about what the leadership does than what happens on the pitch. been too slow. Too passive. To hands off. We’ll not get anywhere unless the leadership locks in. Link to post Share on other sites More sharing options...
Steve Charlton Posted December 3 Share Posted December 3 Another blockbuster boxing card announced for Feb,One of the best since Don Kings in the early 90s. The title caught my eye just as much as the lineup "The Last Crescendo" Could mean nothing really or if they are pulling out of Boxing it might mean they focus elsewhere like the World cup and a new stadium for us Good write up from De Marco https://www.bbc.co.uk/sport/football/articles/cy89xl21j9no Link to post Share on other sites More sharing options...
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