Lee Charnley is a man alone.

With Newcastle United being a dysfunctional club that is run in a totally different way to any other of a similar size.

Instead of a powerful board (or two) to guide the club on its strategy, Lee Charnley is the only director on the NUFC board.

Instead of a high powered business team set ambitious targets of moving the club forward on a day to day basis, Newcastle United have Lee Charnley as the only named senior executive.

Lee Charnley is also the lowest paid Managing Director/CEO of any Premier League club.

Any extra communication has to be welcomed from the club and so the first interview with Lee Charnley in years has to be of some value.

Speaking to a number of journalists working for the papers, the NUFC MD hasn’t said anything startling but you live in hope that eventually there could be more transparency from the club.

It would have been even better if it had been a chat with one of Mike Ashley’s figures in the background who he has working above Lee Charnley, especially Justin Barnes, or failing that his PR man Keith Bishop.

Or of course even even better if it had been the organ grinder himself, Mike Ashley, explaining exactly what is going on with his failure so far to convince Rafa Benitez to stay…

Guessing a bit like how the club tried to pain such a bleak picture of the finances (the ‘real’ loss in 2016/17 was less than £20m and not the accountancy tools one of £90m they were pushing), this is another exercise in trying to get us to believe how we should be grateful for Mike Ashley in ‘saving’ us, rather than being the person who somehow relegated our great club twice within seven Premier League seasons, as well as a couple of near misses.

Lee Charnley:

“It (failing to get promotion) would have been a catastrophe, a bloodbath, the manager would likely have gone.

“It was a one season gamble from his view as well.

“Some of the players would have wanted to go…Matt Ritchie for example, he bought into this on the basis of, one year in the Championship then going to the Premier League.

“Then we would have had Financial Fair Play, you cannot operate a business continually that has a wage bill higher than its turnover…it is not sustainable.

“We would have had no choice but to recruit Championship players and three teams then come down with more money than you.

“You end up on a cycle of trying to catch them and you have to reset financially – it would have taken years to get out of the Championship.

“We had planned a conversation with the manager after the (final) game (of the season against Tottenham).

“Mike (Ashley) said ‘We are going for it’ and we talked through the game….’get the manager to stay, get off to decent start, the fans behind you, build momentum and it can develop a life of its own.

“Mike’s priority was to keep Rafa and he said I’m going to support you, and come next year I do not want to be in this league.

‘It’s not like we’re sat on a big pot of cash keeping it for a rainy day,’ said Charnley. ‘Money comes in, money goes out and what’s left is available to spend, it’s that simple.’

“This year was about staying in the Premier League, and now it is about growing and improving year on year, but doing that within our means.

“Not to say there is a lack of ambition, because there definitely is ambition, it will just take some time.

“There have been a lot of briefings and information out there (about a possible takeover) but we are planning and assuming Mike will be the owner of this football club.

“We are moving forward assuming Mike Ashley  will be the owner because what’s the alternative?”



  • Paul Patterson

    OK! So let’s try our best to avoid that situation again. Fully back Rafa and fully back him NOW!! Anything else is meaningless waffle and/or time wasting. .

    • JonMag

      I`ll say one thing Paul you`re keen but history say`s we`re in for more of the same.

      • Paul Patterson

        Oh it’s a vain plea ..

        • JonMag

          worth a try

      • Ram Kishore

        Yep u r right about the history.. I thought we would have been buying players after our 5th place finish to prepare for Europe in the 2012 summer..That has always confused me as to y we didn’t

  • Finally he speaks, he is a bit selective, mind.

  • JonMag

    if this snake is doing interviews then somethings up and it won`t be good.
    in the last week the Newcastle PR has been on turbo drive, dodgy accounts trying to make it look like the clubs skint & the old line that Mike has done all he can.
    they can`t even reassure the manager about taking the club forward.
    nest of vipers

    • Rabid Dog

      When you hear from either him, or his boss, there is a rabbit off. No two ways about it.

      • JonMag

        nailed it

  • Andynufc

    Penfold only chirps when the Fat man has his hand up his backside using him as a puppet. So they know how important Rafa is to the club and still Ashley treats him like one of his minions. So we’re going to spend within our means? That’s abit hard to believe when they’re always pleading poverty. The day these two cretins are out of this Clubs will be just as good as winning a trophy

  • Alex

    Well, at least it sounds as if there’s some kind of “5 year plan” on the go. ;-)

    • JonMag

      we are now into the 3rd 5 yr plan

      • Guest 2

        We were looking to emulate Arsenal. Downgraded to emulate Villa. F knows who they have in mind these days!

        • Tino11

          Probably the Mackems!

  • Scottie Chugger Dearden

    snooze, boring, show me the money!!!! I agree about running a sustainable football club but come on take a gamble it’s not like it’s McCLown in charge of the cash it’s Rafael Benitez in charge, he’s not wanting 40 million for Sane or Matic like the Manc clubs who overpaid, but at least give him some cash to buy better than Joselu, Cashley is a hypocrite wants to get players on the cheap but then removes the 70% discount price when he wants to sell NUFC for 400million!

  • Steve Smith

    Name another club who needs to keep releasing media puff pieces about how well they’re doing financially?

    There are none.

    It is done for the sole purpose of manipulating the fans. It shows you in how low regard those in charge hold us.

    • Guest 2

      And the several posters on here who seem to swallow it as eagerly as they would Ashley’s bodily fluids..;-)

      • TheNutJob

        the mad Monk from seaton for starters

    • Wezza147

      Exactly. Well said.

  • Guest 2

    11 years on, and this chump is telling us it will ‘take some time’!

    Ashley saying ‘let’s go for it’ had of course zero to do with the football club – it was to protect his money.

    Yet another ‘interview’ which is little more than an unchallenged PR piece.

  • TheNutJob

    Fatty said he was going to back Rafa, he missed out the part, as long as it costs nowt & it didn`t

  • FatParosite

    We are moving forward assuming Mike Ashley will be the owner because what’s the alternative?” Errrr the fatman fukkkin off is the only alternative.

  • Tweed Mag

    Communication from the people running the club has always been at a point where they feel there is no other option. This is no different. Charnley repeats the mantra that only surplus money can be spent etc etc. No wonder they are regarded with so much suspicion and a lack of trust. Last year they wheeled out poor Bobby Moncur, who we know has the club at heart, to utter a few words about ambition. This time it is the last man standing who has the task of speaking to the fans. It is all presentation and no substance.

    • FatParosite

      poor Bobby Concur was handsomely remunerated for selling his reputation.

      • Tweed Mag

        Yes but somehow I cannot begrudge him a few quid. His generation were paid next to nothing in comparison to some of the hopeless players we have signed in the last 10 years. Most of them have gone back to France with millions in the bank.

        • Ram Kishore

          One guy i always remember is Marveaux

  • Wezza147

    More empty words from just a puppet.
    “It’s not like we’re sitting on a big pile of cash”
    No because it’s all in MASH Holdings.
    Clearly more “we’re broke we ain’t spending” excuses.
    Expect loans and free transfers.
    This regime is rotten.

    • Dont stop bobbi fleckman

      It’s not @Wezza147 this simply isn’t true.

      I’ll bet you now that we have a net spend if more than £15m this summer.

      Be reasonable.

  • David2211

    It’s just all so draining to be honest.

  • Leazes.

    Who interviewed him Lee Ryder?

    Where are the questions?

    • FatParosite

      It was Waugh.. but I’d say it just came directly from Bishop’s lappy.

      • Leazes.

        Oh God Ryder didn’t want the responsibility of being the fall guy.

    • FatParosite

      All of it is just rephrasing of Ashley’s post last match BS..

  • FatParosite

    Tweed Mag is right. This will go on as the charm offensive starts to ramp up. Rafa is playing a blinder with his softly softly approach. When it switches to “takeover” talk then worry because it will signal the start of hostilities and Bishops play of last years trump card again.

  • Come&TakeIt1836

    Despite this writer’s continued insistence in article after article, the ‘real’ loss in 2016-17 is NOT less than £20M. That number is being pulled from an “expert” who cherry-picked payroll expenses to include in his calculation which looks like was more of an attempted assessment of any FFP risk for the club. He did label it EBITDA for whatever reason.

    However, EBITDA does not stand for Earnings Before Interest Taxes Depreciation Amortization and One Off Payroll Costs I Chose Not To Include. I guess that would be the club’s EBITDAOOPCICNTI number. You can look it up on line or just follow the formula that happens to be the acronym itself…Earnings Before Interest Taxes Depreciation Amortization. The actual EBITDA is £51.1M and even any EBITDA calculation is not the ‘real’ loss despite how much you want it to be so for your purposes. The ‘very real’ loss is £40.7M… the statement’s bottom line.

    As I have said before and I am sure will again… there are PLENTY of reasons to be upset with the current owner and the way he manages the club even in his finances… I estimate in most fair minded folk’s view, likely enough to demand change. Please find the legitimate reasons and harp on those. Constructed reasons will ultimately be proven as such and you can be dismissed along with all of your valid arguments.

    And also again… these reports are a year old. They explain what was going on a year ago and not so much about today. The club undoubtably has a positive EBITDA, Operating Profit, and bottom line this year. £100M more in revenues will have that kind of effect.

    • Fireman Sam

      Bla bla bla

      Mike is ripping us off.

      • Come&TakeIt1836

        With more managerial and executive hiring and firing decisions? Yep. I can see that. By allowing a 3-5 person decision team to take weeks to act? Yep. I can see that. By cutting so close to the edge is squad depth that his poor personnel decisions blew him over the edge? Yep. I’m with you. By getting caught up in ethical entanglements time and again that bring dishonor on the club? It really bothers me, too.

        Trying claim he is siphoning money away from his investment in such a material manner that it weakens the overall value of the investment to his own portfolio’s detriment? That doesn’t make sense.

        If anything, I think we can agree he is motivated by self-interest and making more money and having an ever-expanding portfolio seems to be one of his biggest priorities. We may disagree in exactly what direction he goes about accomplishing this but he won’t go in the opposite direction from his own investment’s maintenance/growth.

        • glassjawsh-got-banned

          aka “everyone should be outraged! but only about the things I approve the ought to be outraged by!” you’re being ridiculous. If fan discontent is warranted (and it is) who cares if supporters have their numbers straight (according to you)? Splitting hairs gets us nowhere.

          • Come&TakeIt1836

            It is not about the things I approve. People should not be outraged about objectively false things. Doing so ends up working against the power of the overall argument.

    • FatParosite

      So why are they using last years accounts as limitation to expectation this year…??

      • Leazes.

        Thats a troll block it.

        • MichaelMaximusMoose

          spot on

        • relaxed

          Thats Bishop

      • Come&TakeIt1836

        How do you know that is really the case? Quinn said today £100M should be spent. That is ludicrous and most of the comments said as much. But some may believe it or something close. Those kind of expectations need to be limited.

    • glassjawsh-got-banned

      We all agree the current regime is $h!t, so why argue about the varying levels of $h!t? Seems like a waste of effort on your part when we all want the same thing.

      • Come&TakeIt1836

        “Constructed reasons will ultimately be proven as such and you can be dismissed along with all of your valid arguments.”

        • glassjawsh-got-banned

          what we need to construct is empty seats at SJP. the ends justify the means here.

          • Come&TakeIt1836

            With tv money being the primary revenue stream, the boycott idea carries much less influence than it would have a few years ago.

          • glassjawsh-got-banned

            tell that to Arsenal

          • Come&TakeIt1836

            Did they change ownership? I missed it.

          • glassjawsh-got-banned

            Wenger is out, so they may as well have for all the power he held

          • Come&TakeIt1836

            Not quite the same is it.

            I didn’t say it was 100% useless but I don’t think it will do much to change an ownership. I think the Gallowgate flags can send the same message and the players are still supported but that is just my opinion.

          • MichaelMaximusMoose

            You miss a lot

          • Come&TakeIt1836

            Ok. Like what?

          • MichaelMaximusMoose

            a brain for 1 and you are now BLOCKED

          • Come&TakeIt1836

            Wow. That is some response. You couldn’t come up with one legitimate item? I’m perfectly willing to agree I miss some things or should look at something differently given a solid reason.

          • Leazes.

            Jeez you take your time

          • Wor Lass

            Good comeback!

          • MichaelMaximusMoose

            Empty seats on worldwide tv doesn`t go down to well

    • I agree, our Championship season surely cost us around 40-50m.
      Not the 90m Ashley’s camp quoted but not too far from it.
      We aimed to survive this year and did much better by finishing 8th.
      Next season if Rafa is there we will target a top 8 finish and maybe a Cup run.

      • glassjawsh-got-banned

        false

      • Guest 2

        So, you don’t agree with University lecturer and football finance wiz Keiron McGuire, or Swissramble, who both state that the real loss was just under £20 million?
        Yeah, listen to yourself and the pseudo accountants/Ashley fans on here instead.

        • The truth always lies in the middle when two statements are so far apart from one another. I am not an Ashley supporter, but we could be much worse right now. Look at Sunderland, Forrest, Leeds! We could be stuck in Championship or L1 Hell. Ashley is not the best owner in the world, but we could be doing much worse.
          Imagine the scenario where Ashley does say give 200m to Benitez for transfers and we fail to enter Top 6 and fail to qualify for Europe. This would bankrupt the club, not Ashley. Seeing players like Martial and Pogba cost so much, yet fail, really doesn’t make spending that much worth it.
          Rafa knows what he’s doing but we are not Man City or United and can’t afford to spend this much under FFP.

          • Guest 2

            Ashley gave McClaren £80 million. That didn’t bankrupt the club nor come close.
            The largest financial risks to the club has been as a result of Ashley’s own decisions. Two relegation’s; appointing a stream of numpty’s whose pay-offs have cost multi millions; depriving the club of revenues from advertising and merchandising; hiving off club owned land for his own profit.
            Apart from the rest of your sycophantic nonsense, don’t even dare to use FFP as an argument. This football club could benefit enormously through growth of commercial revenues which Ashley has willfully ignored for 11 years.
            Commercial revenue can be spent on the the side and is not part of any FFP limitations.
            Rafa is deprived of funding as a result of that. As a result of Ashley the so called saviour, the businessman, who has failed to produce a single penny of additional revenue for this club since he walked in the door.
            His ‘loans’ have come at a heavy price and you and your like continue to ignore that fact.

          • Nobody is denying that. Ashley did appoint Rafa, so he could have learned his lesson but we all doubt it. He did also invest a lot, to get us out of the Championship too but then, there was that sale interview and Staveley. I really don’t think Ashley was looking to sell the club to anyone with less capital than him, and frankly, PCP didn’t look to have it.

          • Guest 2

            Invested a lot? He loaned less than he repaid himself! His ‘investment’ was £15 million, the rest of the costs being covered by revenues and bank overdrafts.
            Staveley / PCP came after promotion.

          • We all have different opinions about how things went. We all want the club to go forward and I hope it does, with or without Ashley.
            A lot of people don’t understand that selling a club isn’t easy and if you care for the club you will at least find someone who can make more investment than you can. We may yet be sold this summer in a dramatic turn of events and Rafa may be given a 40-50m warchest to target 2-3 better players. Or we could just get more bargain buys and Rafa walks. Either way, I don’t see anything else happening really.

          • Guest 2

            “If you care for the club…” What on earth makes you believe Ashley gives one single chuff about NUFC other than in regards to his own money?

          • Billmag

            For every Sunderland, Forest, Leeds, there’s a Bournemouth, Burnley, Huddersfield, Brighton, that gets half the support NUFC get, and yet spend more money than us.

    • Dont stop bobbi fleckman

      Yes, that was never in the books when I did my exams. If I have time, I may submit a little article to the Mag, may I borrow EBITDAOOPCICNTI?

      • Come&TakeIt1836

        Sure. I’m particularly proud of that one. Sort of makes the point. It is an accrued expense but if not included now in Ebitda, it never will be.

      • Rich Lawson

        Borrow Ebitdaoopcicnti ? Is that another loan signing then Bobbi ?

        • Dont stop bobbi fleckman

          That’s all we’re allowed, Jezza said and he never lies…………. :-I

  • Fireman Sam

    So the message is, Mike is going nowhere and we should be happy.

    • Leazes.

      That’s the reason for the thorough ‘question and answer session’ its the only message….

      • Fireman Sam

        Exactly, it’s all PR, with bishop written all over it. Paving the way for Ashley staying and an at best modest net spend on players.

    • No, Mike is happy to only stay in the Prem without motivation, as are most EPL teams outside the Top 6. We want Newcastle to do better but we have to face reality. With Ashley Top 10 is all we are ever going to get, unless the team overachieves like with Pardew and now with Rafa.
      Banking on a good manager is always a winner. Keep Rafa happy and your club will stay in the Prem and be a Top Half side and maybe do a decent cup run.
      Unless we come up with 200m to spend on transfers that is not changing next season.
      If Mike guarantees Rafa 50M Net spend per year we can gradually build a team and in 2-3 seasons challenge for the top 6.
      That is the reality.

      • Fireman Sam

        Rubbish. Just look at what Leicester did.

        • That was a fluke and we all know it. Leicester didn’t spend big to win the Prem. The big teams had the worst season and that’s why this happened.
          Where are Leicester since then – Around Top 10.
          Remember, we finished 5th with PARDEW!

        • We could have been Leicester if Ashley invested and we kept our top players after we finished 5th. In hindsight, Pardew never had it in him to win anything, and McClown/Carver were just utterly clueless!
          We now have a manager who can win and all eyes and ears are on Charnley and Mike to deliver on promises.

      • Guest 2

        He’d had 11 F’n years, man! Give yersel a shake.

  • Monkseaton Magpies

    Well done Lee for your comments. Look forward to when some one invests two million in the club never mind two hundred and seventy nine million. Without Ashley we would be Sunderland or worse but Ellis Short is the hero on this site not Mike Ashley according to Jezza.

    • glassjawsh-got-banned

      ok, I’m finally going to block you. you’re an embarrassment.

      • Monkseaton Magpies

        Yet another person who cannot bear the truth about people who have invested in the club block the truth no problem with that .

        • MichaelMaximusMoose

          Talking about Blocks, go jump off a Tower one

          • Monkseaton Magpies

            Just chill and get to a few games next season I will be at them all.

    • GlasgowMag

      You seem to be obsessed with Jezza are you stalking him or something!!! In any event your still a funny guy!!😂😂😂

      • Monkseaton Magpies

        No mate the other way round he says on every post all the trolls are me and my brother and my dad. He goes onto say I work for Sports Direct live in Manchester and have a season ticket at Old Trafford among other things. This is every day so have to fight back in a light hearted way. Go to every game home and away in the top fifteen supporters of our club.

        • Danimal

          You’re in the top one supporters of the “man” who is sucking the life and dignity out of our club. Bet you were one of those hanging onto him during his brief in the stands with fans phase.

    • Big Hairy Man

      D**khead

    • Fireman Sam

      Moron

      • Leazes.

        Partly correct….he’s a troll.

    • TheFatController

      Had Mansour bought us we’d have done a 5under1and? Not sure on that one myself …

  • MichaelMaximusMoose

    The only time Mike`s Minion crawls out of his schitt hole is when the Indians are restless.
    he`ll knows full well the fans aren`t happy & i`m sure his media grass Ryder keeps him informed.
    that lot at Nufc have taken bull schitt to a new level

  • Tweed Mag

    “Newcastle MD gives first interview in years”. Not strictly true, he gave one to some nice chaps from HMRC not so long ago.

    • Leazes.

      There was one at the Gutierrez mistreatment hearing when the judge described him (Charnley) as evasive and less than honest.

      • MichaelMaximusMoose

        and the Judge was right

        • Leazes.

          If a judge says something like that its damning….. calling him a Liar under oath.

      • Guest 2

        The latest in a long line of dubious, shady, hand picked stooges.

      • Tweed Mag

        That says it all and although everyone has a right to their opinion, it is hard to understand how some contributors believe the spin that comes from Ashley’s poodles.

    • Guest 2

      Aye. This wasn’t an interview either, was it. It was publication of his prepared statement, unchallenged and unquestioned

      • MichaelMaximusMoose

        course it was

  • Leicester Mag

    What a wanger. Comical Ali had more gravitas and integrity than this brain dead minion. The only reason we had to ‘go for it’ is because we got ourselves relegated through a catalogue of errors topped by the appointment of the biggest clown outside Billy Smarts as manager. As for moving forward with Ashley that’s an oxymoron is there ever was one. What a load of purile shy7e

    • Dont stop bobbi fleckman

      The intellectuals are out today, Leazes’ and Micky. Jezza is quiet though.

  • workid

    Charnley actually seems a decent bloke. Only makes 150k a year(comare that with the chairman that relegated the mackems this year who made 1.5m), refused to take a bonus last year, is at loads of home matches and Rafa always says he’s working with him.

    Even in this interview he admits there’s a lack of ambition and doesn’t give propaganda regarding Ashley. He says:

    “There have been a lot of briefings and information out there (about a possible takeover) but we are planning and assuming Mike will be the owner of this football club.

    “We are moving forward assuming Mike Ashley will be the owner because what’s the alternative?”

    He could have just kissed Ashley’s @rse and didn’t. Seems areet Charnley, aal the criticism detracts from public enemy #1 Ashley. FOcus ya hate on him, Charnley ain’t that bad

    • Billmag

      How many times in the last 11 years have you seen him make a statement to the fan’s, it seems to me someone above him is getting a bit jittery.

      • workid

        In the last 11years? Well he’s only been in the job for 4 and all the time since then pal

        • Billmag

          I’m well aware pal he took over as MD from Lambearse that’s not what I asked you.

    • Wor Lass

      I see you`re still besmirching the family name. You have more integrity, if considerably less interest and intelligence, as Clarko.

    • Guest 2

      Who is ‘we’? He’s the only Director at the club! And he’s been titled as untrustworthy in the public domain.
      Clearly you are another [email protected]

  • Leicester Mag

    It’s like a Norwegian folk story by the brothers Grimm on here tonight what with all the Trolls

    • Leazes.

      They’re invisible to me….. think I’ll cheer myself up by watching Get Carter on TCM, and imagining Charnley is that bloke from on the busses who gets hunted down.

      • Rich Lawson

        Never tire of watching, even tho’ I have the DVD,best gangster film ever, bar none.Caine is magnificient,lots of old Newcastle,not a bad performance from any of a superb support cast and no ”happy ending” (sorry,plot spoiler) Love it.

        • FatParosite

          Greatest British gangster film bar none.

          • Rich Lawson

            I’d put it higher,pace never lets up,easier to associate with for me than Godfather,Goodfella’s etc for all their awards.Can’t believe it’s nearly 50yrs old.

      • Rich Lawson

        That said,don’t rmbr any one from ”On the Busses” in it ? Was it Reg’s brother in law ?

    • workid

      you must be pretty close minded like if you think anyne who doesn’t agree with you is a troll

  • Mrkgw

    In fairness, Charnley should have spoken to us yonks ago. There has been absolutely no transparency at the club in a decade and supporters have every right to be disgruntled. Moving forward though, with or without a new owner, we need to keep Rafa and make some quality additions to the squad (to state the obvious). But, based on previous form we can only fear that we will be searching the bargain bucket.

    • Leazes.

      More of the same is the message

      • Mrkgw

        And with that, we can only fear the worst.

    • Billmag

      Someone must have given him a kick up the jacksy.

  • Monkseaton Magpies

    To say the loss is twenty million when you do not include bonus payments for going up which were paid depreciation and provisions for players on loan is a disgrace.
    Grant Thornton did the accounts not Mike Ashley and the true loss is indeed fifty four million after receiving money for players full stop.

    • Danimal

      So not 90 or 20. What is this, accounting Wheel of Fortune? There’s only one person making a fortune.

      • Monkseaton Magpies

        The player sales take it down from ninety to fifty four million and you have to include that if you are including player amortisation thanks.

    • Damon Horner

      Why do you believe Grant Thornton did the accounts?

      • Dont stop bobbi fleckman

        He can read? Maybe you should try it.

        • Wor Lass

          He can read? Do you know that for a fact?

        • Damon Horner

          Mate you get some grief on here. Never from me. Bit more respect please. I don’t know where this information is available.

          • Come&TakeIt1836

            You can find it online at the Companies House website. One can’t post links in the comments or I would. When you get on the site, you can do a search for Newcastle United Football Club Limited. Once on their specific page, it will open up on ‘Overview’. Change to ‘Filling History’. A list of reports will be there with PDF links to the actual report off to the right. The most recent one at the top of the list is the one in question. You can find reports going back decades.

            If interested and a real glutton for punishment, you can also look up St James Holding Limited or MASH Holdings Limited. Their documents are there, too.

            I hope this helps.

          • Damon Horner

            Thanks mate. I’ll check it out. Worth a look out of morbid curiosity.

          • workid

            it’s 37 pages long like so settle in

          • Come&TakeIt1836

            I understand. You will find Grant Thornton references all through the report.

            If you have a ‘morbid’ question after reviewing, just ask. I’ll give my opinion on how to translate the info and, of course, you are free to decide for yourself based on the apparent veracity of statement.

          • Dont stop bobbi fleckman

            The accounts are filed at Companies house with Grant Thornton listed as the auditors.

            Apols for the disrespectful attitude.

    • Andy Mac

      Why not try Googling AssetCo ?

      • Monkseaton Magpies

        What you on about.

        • Andy Mac

          “Grant Thornton fined £2.3m over audits of troubled fire engine firm AssetCo “

          • Monkseaton Magpies

            I have done a full rec re our accounts and everything seems fine providing the future provision for wages in off loading players is round £15m. The case you were on about concerned an overstatement of profits in 2009.

          • Andy Mac

            They were fined because they were incompetent at best. You may not know this but Grant Thornton are the go to Accountants when you want to pay a little extra to get the results you want to see ! They try to compete with the Big Four and cut corners for their clients as part of their “package”.

          • Monkseaton Magpies

            All the big companies have been in bother some time. Arthur Anderson the main one Price Waterhouse Coopers Deilotte and Touche our accounts are spot on.

    • Come&TakeIt1836

      FYI – the ‘onerous payroll’ has not yet been paid… it is a provisional expense at this point. (#20 on p.25 in the report). However, I think we agree it should not be a part of the EBITDA calculation. If not considered as an operating expense now, it never will be. When the cash is actually paid out, it will not be on any report because the expense was reflected now and thus some future EBITDA calculation will be in error.

      Furthermore, accruals/non-cash ledger entries are included in EBITDA calculations all of the time. This is not the litmus test for inclusion despite this seeming to be Swiss Ramble’s reason to exclude.

      • Monkseaton Magpies

        The bonus has been paid that was what I was on about not the provision.

  • East Durham Mag

    The alternative is for Fatty to sell up, stop lying and let this football club grow. You may not believe it but its more than a marketing tool for Fatty and something for him to abuse. Back in the cleaners cupboard idiot.

    • Danimal

      In a nutshell. Saves the rest of us the trouble. Thanks.

    • Dont stop bobbi fleckman

      Yes, he can sell up but he needs a buyer to do that.

      • East Durham Mag

        He had one last year but rubbished her credibility at every opportunity. He will be the same with any other potential buyers whilst telling the world he is the best Newcastle United can get. A proven liar and an utter charlatan. Great.

        • Dont stop bobbi fleckman

          She offered a silly low ball offer, she wanted it on the cheap. There is nothing wrong with her chancing her arm but equally, nothing wrong with Mike’s refusal.

        • Billmag

          Yep he even ignored Mansour bin Zayed Al Nahyan, a man who’s family owns a Country, that proves he’s never been serious about selling.

  • Damon Horner

    Ambition will take some time… How long exactly? 11 years so far….

    • Leazes.

      It takes something unique to take a football City/area to the lower reaches of purgatory and keep it there….. it couldn’t have been done without Charnley or the Chronicle, and promises of ‘jam tomorrow’ *

      * Jam being the heady heights of 8th

      • GlasgowMag

        Not wrong with from the jam going to see them at Brighton again this year 😎😎

        • Wor Lass

          Surely not with Paul Weller!

          • Wor Lass

            Therefore not the Jam!

          • GlasgowMag

            Yip from the jam closest to the real thing in any event Wellers to busy playing Arenas not my Thing!!

          • Rich Lawson

            Only 3 people in The Jam,Weller has stated many times he will never reform it and good on him,it was of it’s time and fueled by his righteous anger,I’m sorry for people who didn’t see them back in the day but I don’t want to see old blokes (he’s 60 today)singing songs of teenage rebellion.Foxton has become his own tribute band.

          • GlasgowMag

            Nope just Foxton!!

      • Damon Horner

        If we could see more evidence of the benefits their dealings bring then maybe people would believe them a bit more but as you say, we’re still in purgatory and waiting for the jam.

  • workid

    Has anyone got a link to the actual figures?

    • Come&TakeIt1836

      I won’t try posting a link again but they are available at Companies House under Newcastle United Football Club Limited

      • Wor Lass

        “Come and take it”. Says it all, really.

        • workid

          Not really… I’ve since found them and tried to post a link but the mag block its. It’s 37 pages long so I doubt you’d have the attention span anyway. nvm, i’m sure leazes ender’s interpretation is accurate lol

        • Come&TakeIt1836

          Yes. It is both an offer and a warning depending on how you choose to receive the message.

          Maybe you are familiar with the Battle of Thermopylae? The Greek is actually ‘Molon labe’

          • Wor Lass

            Stabbed in the back by a traitor! But we`ve got 52,000 not 300.

          • Come&TakeIt1836

            Its more of an approach to life than a specific outcome.

            I’ll state my position and if you are willing you can state yours. Hopefully we all arrive at a refined opinion based on rational reasoning. Integrity of argument is not choosing or staying with a position based on a majority in numbers.

            Idealistic? Maybe so.

          • Leazes.

            Block it for gawds sake.

          • Wor Lass

            It`s all part of the fun, Leazes. What would life be like without Clarko to laugh at?

    • Wor Lass

      Which “actual figures” would that be?

      • workid

        The financial report relased by the club…??

        • Wor Lass

          Just type “Fantasy Football Owner” into Google.

          • Andy Mac

            Or google Twitter, Swiss Ramble.

          • MichaelMaximusMoose

            Or google Fat Lying [email protected]

          • Dont stop bobbi fleckman

            I tried that, it came back with Jezza and Leazes’

          • MichaelMaximusMoose

            they can`t see you Blobby, they`ve blocked you

          • Dont stop bobbi fleckman

            That’s a shame, they could learn things from me instead of remaining in their world of ignorance.

            If you see Jezza, remind him to make the donation to Alzheimer’s that is due.

    • mactoon

      Just google NEWCASTLE UNITED FOOTBALL CLUB and open up the companieshouse link. Click on the ‘Filing History’ tab and you will see ‘Full accounts made up to 30 June 2017’. You can then view them by clicking on the ‘View PDF’ link on the right.

  • TheFatController

    ‘Doing that within our means …’ ??

    We don’t go after commercial revenue (no team in place for it), yet a year ago Ashley made us fans out to be reducing our means by refusing to let naming rights go for £1m a season because we’re snowflakes who need it to be St James …

    Due to the low quality journalism locally,no one pulls this lot up on their obvious hypocrisies, so here they are 11 years later unruffled when spouting absolute contradictory manipulations.

    We cost the club £1m in naming rights commercial revenue a year, so the club don’t bother with commercial revenue at all in terms of a dedicated team ? And that’s never questioned ?

    They control all of us – ‘I can say what I like, be as disrespectful as I like – you fans cost us £1m a year. So no, you don’t get a big transfer budget – ‘within our means’ is what you’ll be told. Where else do you get commercial revenue from other than naming rights, eh Geordies?’

    They are forever making mugs of us. They must laugh after every pres release they make — ‘they won’t pull us upon ‘within our means’ despite the commercial revenue disaster at the club …how clever are we!! Haha.’

  • Andy Mac

    What’s the alternative ? Sell for a realistic price but that would mean losing out on all that free advertising, global brand marketing not to mention the merchandise sales ? It was/is never his intention to sell up just wanted an excuse not to spend money 😡

    • X,WHY,Y MAN.

      Exactly Andy, Are the actions of The Gruesome Twosome over the last few weeks those of people who want to sell the club ?

  • MichaelMaximusMoose

    I see the Trolls attacked late last evening, my list of blocks is getting longer by the day.

    • Leazes.

      Whenever the finances come up this guy is very protective of the regimes handling management.

  • Leicester Mag

    3M – I said the same thing if I didn’t know better you might think it was organised

  • X,WHY,Y MAN.

    At the end of the day we have heard stuff exactly like this during Ashley’s time at the club.
    This statement of Charnley’s could be matched up with other ones released by the club when Llambias was there.
    It is more or less the same thing written down and if you compared them they would no doubt read the same, If not be identical.

    It makes you wonder who is actually writing these statements lol