I take you back to a few weeks ago when the regime at Newcastle United let James Perch leave.

I pondered why a hardworking, versatile and dependable player would be allowed to depart the already threadbare squad. When going through the media coverage of the move I came across a quote from Perch that made me sit up and take notice:

Wigan Bound?

‘I understand Newcastle’s new transfer policy……time will tell if it’s the right route’

Now, many of you might say ‘what transfer policy?’ as the lack of any senior players through the door (or should I say ‘over the line’) is becoming alarming. It appears that Perch has been informed of this new policy, something I wish the powers that be would share with the rest of us.

At the present time all we can do is look at the evidence and from what I can make out, the new policy is below (though I really hope I am wrong):

– Release squad/fringe players who are wanted by other clubs and allow young talents to go out on loan. Bring in fitness/performance coach to reduce/limit injuries to first team.

With the addition of Faye Downey as a fitness consultant it appears that Newcastle United are finally trying to address the issue of the continual injuries that have blighted so many promising seasons at St James’ Park. This can only be positive and any help in that area must be welcomed.

However, the results of this and the effect on our players’ injury exposure is anyone’s guess.

Will she be able to get Cabaye through a full season? Limit Taylor’s proneness to impact injuries? Get Ben Arfa playing week in week out at full fitness?

With so many unknowns and so much at stake, I hope my take on the new policy is wrong. While nobody will deny Mr Ashley knows how to run a business, I’m afraid this new approach from NUFC is risky business.

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9 comments
No Brainer
No Brainer

in fairness to him he doesn't shout from the roof tops on any item

AndyMac1
AndyMac1

It was an exercise in damage limitation from Fatman.

If the figures had revealed, what many had forecast, the true profit of £40-£50m (albeit pre tax) there would have been discontent on a major scale even from the SJP going faithful. 

So this post tax profit figure has kinda taken the wind out of the sails of the opposition which, I assume, was the point of it all ?

Gaffa201
Gaffa201

The 2013 accounts show £40m in tax losses not used so no tax will have been paid in the 2014 accounts.


For 2012 TV revenue was 55.6m and Commercial revenue 13.7m to fill the gaps.

RexN
RexN

@Gaffa201 Thanks for that. A part of the rationale was to look at what the club included and excluded when they made the original announcements.

radgiegadgie
radgiegadgie

@RexN @Gaffa201 Yes, and prior year losses can be offset against future profits given certain time limits.  Corporation tax is not simple but, I don't think Newcastle will be paying too much of it right now.

Demented_Man
Demented_Man

You would expect HMRC to take an interest in these figures, given they will receive considerable less corporation tax than expected.

As you say it's a mystery how operating costs could have increased so dramatically for no apparent reason.  After all, the club's whole operation seems pared down to the bone.

Sniff, sniff.  That's the smell of books being cooked.

radgiegadgie
radgiegadgie

@Demented_Man No, this won't be the case.  You have to add back any costs that might be disallowable for tax purposes.  We won't see NUFC's tax return but it is likely to be legit and different from the figures announced, Mash will hire tax specialists from a top four accounting practice and they will look for every loophole but, will not break the law.


LeazesEnder
LeazesEnder

Lee Charnley is ripping the heart out of one of England's important clubs - and Newcastle deserve better...Lee Charnley is a guy who has risen without trace....


Daily Mirror.


very apt bio.

mickg
mickg

Maybe he's scared of heights.......