While progress in the transfer market hasn’t exactly been quick this summer, at least it appears that Newcastle are definitely getting there with regard to at least one essential striker signed up.

The Gomis transfer is taking some time to complete but the latest news from France today confirms that progress is being made, thanks to our people covering the French media we have the latest updates first.

GEN00130_BT_Bafetimbi_Gomis_Newcastle_United_NUFCTwo separate pieces on the L’Equipe website bring confirmation from Lyon’s owner and coach that Newcastle have indeed made an offer of €8 million (£6.9m) as reported yesterday by Sky Sports but that it has been turned down.

However, the Lyon owner confirms negotiations continue with Newcastle, while Lyon’s coach is talking about what he is going to do with the money from player sales with Gomis to Newcastle specifically mentioned.

Aulas fait le point
An Update From Aulas

Jean-Michel Aulas is busy with the transfer market these days.

Under contract until June 2014, Bafé Gomis  is on the verge of leaving Lyon. “The negotiations are taking shape with Newcastle,” said Jean-Michel Aulas while British media suggest a new offer of €8 million has been made.

OL: «Gomis et Briand vont partir»
OL “Gomis and Briand Will Leave”

Remi Garde could recruit a striker when departures from Gomis and Briand are settled.

In a long interview in the L’Equipe Sunday newspaper, Remi Garde discusses the  cases of Bafé Gomis and Jimmy Briand. “Their departure will take place ,” says the coach of Lyon.

OL have just turned down an offer of €8 million from Newcastle for the former Asse (St.Etienne) player but negotiations continue. In any case, it does not disturb the squad “that much” explains Garde, who will  recruit a striker when Gomis and Briand cases are resolved.

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18 comments
Rollyp
Rollyp

Also, I see from the BBC report that they continue to refer to the Ashley loan as interest free when Charnley referred to this at a fans forum meeting as being why the S... D..... advertising is free. Just wish reporters etc would just keep up.

AndyMac1
AndyMac1

It's hidden in the details before tax. £18m after tax is about £24m before ? There is no way this club only made £24m pre tax profit. MASH Holdings ?

NUFC Tips
NUFC Tips

The proft figure is confusing, but not surpising.  We all know the type of person Mike Ashley is.

Accountants are magicians nowadays, not just at NUFC, not just in football, pretty much in every business.  It'll stay that way until the government start toughening up and getting stricter with what is and isn't allowed, and with the punishments handed out to those who are a little too creative with their accounts.

radgiegadgie
radgiegadgie

@NUFC Tips There is only so much you can do and so much your auditors will let you get away with.


28m quid is a lot and you can't just put that down as undisclosed costs or a provision for some unspecified liability you may incur in the future.  Anyway, if you reduce your profit, the other side has to hit the balance sheet somewhere unless the cash physically leaves the business.


Even if there was a management fee from the holding company, I would think it would have to be reasonable otherwise it would be looked at by the tax authorities.


Accounts have to show a "true and fair view", I assume they are externally audited and if they are, you can bend the rules but not burst them which hiding 20% of your revenue in profits would do.


Without seeing the accounts though, it's hard to say but, what I can say, 28m is not something you can "magic" away.

radgiegadgie
radgiegadgie

My guess is player amortization, fair enough, they are all crap and worthless bar Perez and Janmaat who signed after these accounts anyway.

Heggers
Heggers

Give us our £28.5m back!

Brian Standen
Brian Standen

Anyone who can add 1 + 1 can see this just does not make sense, there seems to be a 28.5 million ambiguity!

Could this extra expense be the owner paying himself a wage? I would not rule anything out

Corkyjohn
Corkyjohn

Maybe we paid for all the warehouse workers ashley made redundant....the man is corrupt

LeazesEnder
LeazesEnder

The sums don't add up a £28.5m rise in operating costs..... thats a bit vague..... a process of deduction then..


  1. ....We can rule out players and wages... that went down!.... and player trading produced profits
  2. ....We can rule out ground improvements, there weren't any apart from the ghastly floodlights.
  3. ....Training ground, he sold off land for housing and no new work on the facility has started yet.
  4. ....Catering... is tended out to Sodexo
  5. ... Land lease from freemen.... doesn't change
  6. ....Electricity and power...nope (are they hooked to Geo-thermal yet?)
  7. ....Matchday staff.... (students still on £35 per day) no change.
  8. ....Security/, bodyguard/ to confiscate leaflets from Sack Pardew Campaign/ Kyle Utterton - a few grand?
  9. ....Get well soon card for Jonas = £0.00
  10. ....Maintenance/ that bloke with the crowbar wasn't needed this year.
  11. ....New TV = free

Nope thats me done!

ManicMagpie
ManicMagpie

Op costs are indeed much higher than might have been expected. Wages probably up a few millions - full year costs of Jan 2013 additions Debuchy, Mbiwa, Gouffran, Sissoko, Haidara, plus loan fees/wages for Remy and de Jong. Would also have increased player amortisation costs as transfer fees paid for these players are written off over their contract periods Maybe also opportunity taken to write down early other player values given events after the close of the financial year - Ben Arfa, Santon, Mbiwa? Will be clearer when the numbers appear at Companies House in next few days

toon tony
toon tony

That new TV must have cost a canny packet. !!!!

Conman
Conman

It has to be in the operating costs where it's been 'lost'. Until the full details have been registered, we can all guess. But when they are, we'll see the monies heading off to third parties that are held by fcb.

Everyone knows that the costs have all been rid of using third parties to cut overheads. This should have the effect of dropping operating expenditure. Not adding to it.

We wait and see......

NUFC Tips
NUFC Tips

@Conman "...we'll see the monies heading off to third parties that are held by fcb."

I think you've hit the nail on the head.  As you say, it's just a guess at this stage, but that's the most plausible explanation.

Peter Moustachley
Peter Moustachley

Bogus profits as we all expected, we're all just waiting to see how he's hidden the profits this time, it must be getting harder for him, they're even saving on media refreshments for the love of God!!

magpie9
magpie9

Ashley gets paid one million quid a word for each of his statements to fans telling what is going on

Polarboy
Polarboy

Is anybody really surprised, this story had already been written in everyone's head to about the same accuracy. 

Phildene
Phildene

Mike Ashleys pocket aka Mashholdings -simples