Some interesting stats from writer Chris Holt, as he considers Newcastle United under the ownership of Mike Ashley.

We now have 11 years and counting since he bought the club from Hall and Shepherd, as well as from all those supporter shareholders who were forced to sell their shares as well, once the main shareholders sold out.

So much has happened at Newcastle United since 2007 that it can be difficult to pull it all together.

However, via these numbers below, Chris Holt makes things a little clearer:

£76m Inherited debt

£144m Current debt

£68m Debt growth

£0 Sports Direct payment for advertising

£8.4 NUFC paid Sports Direct in 5 years to June 2017

£354m Spent on players since 2007

£322m Recouped selling players since 2007

£32m Net spend on players since 2007

£2.6m Average annual net spend

£146 Season ticket increase (Gallowgate/Leazes)

£189 Season ticket increase

£47 Season ticket increase (L7)

£6m Paid (by Mike Ashley) to NUFC for Strawberry Place (so he could personally develop it)

£82m Increase in annual media income

£6m Increase in annual wages paid

3 Top half finishes (ED: Only one in top nine)

8 Finishes outside top half

2 Relegations

2 Legal defeats from ex managers and players

1 Pending HMRC investigation

6 Players sold for over £15m

0 Players signed for over £15m

1 Training ground renovations announced (2013)

0 Training ground renovations started

25 3rd round cup games

10 4th round cup games

2 5th round cup games

(ED: Also, now 10 years since first claiming NUFC was up for sale)

You can follow the author on Twitter @bigchrisholt

To feature like Chris Holt submit your article to [email protected] and/or for more info go here

  • Toon

    Essential reading? Must have read this a million times on The Mag this week alone, bet the writer still has his essential season ticket, despite the numbers

    • FatParosite

      Just like Michael Martin.

  • HarryHype59

    I wonder how much TV money this club has received since Ashley took over!

    • Mrkgw

      The TV money is frequently overlooked during punditry. Hih time that Ashley and those running the club were exposed.

    • Leazes.

      About half of it….. none this year at all, it went to buy House of Fraser.

  • TheFatController

    Make that just one huge gallowgate flag, every home game sorted for the season?

    Even if apologists claim it’s not wholly accurate (actually, of course they will, they’re sad like that) it’s fairly representative of 11 years of going absolutely nowhere as a club.

    Here’s to 11 more, apologists …

  • Milburn_Taylor

    An article to cheer you up on a Sunday morning

    • Peaky

      …..and when you think it can’t get even worse Mad Monkfish & Baby Ben will be along shortly no doubt in full defence mode….

      • Billmag

        Or the financial experts aka Fleckman and Clarko or are they all as one.

      • Superdooperhooper

        Monk is back now and droning on about the accounts . Repeating himself in every post . What does he get out of it ?

        • Monkseaton Magpies

          What I get out of it is the Mag are telling lies the debt was £148m trying to organise protests which will damage the team. HTPFS.

          • Superdooperhooper

            I dunno what htpfs means but I know I’d like to see a bit of ambition and some entertaining football. Is that too much to ask? I don’t care about accounts I’m a fan not an accountant. If you think that was acceptable yesterday then you’re easily pleased

  • FatParosite

    As much as I appreciate Chris Holt’s work. Yes it destabilizes Ashley through impenetrable facts. But there is still something impenetrable about the fact he still pays money to Ashley for his season ticket. As does Michael Martin. Some of these voices of NUFC have a responsibility to not to just push for action that is agenda driven. ‘Let’s all go and protest outside S***** Direct because it allows me to still go to the game and not be mithered by a protest there’. ‘don’t get at fans that go’ ,…. I say why the ƑŨĈǨ not? The fans that pay Ashley have got away with it for too long. SJP going fans HAVE to realise they ARE the problem too.

    • Hughie_Gallacher

      It really is odd. Is it a drug they can’t kick or does it go deeper than that?

      As I said the other day, what exactly would be their tipping point, where they decided to not go?

      • Damon Horner

        More simple than deep I think. You might disagree and this is not reflective of my own view but:

        1) sentiment. You go with your elderly relative and have done for a large number of years, is it easy to tell the elder relative you’ve been to your last game together because “Mike Ashley”?

        2) No interest in football politics.

        3) Ambition can be considered an extra bonus when supporting a club and not a condition to support the club.

        4) You agree with Mike Ashley and respect his running of the club.

        You’ll never get full compliance with a full boycott no matter how things go for the club in my view, so any reduced crowds for me needs to be financially hurtful not politically and it’ll be near impossible while we’re a PL team.

        • Leicester Mag

          Great points but while ambition may not be paramount some semblance of attractive football would feature for many. Yesterday and not for the first time quality was none existent. We haven’t the players to play decent football we survive on effective organisation.

          Why are we different to Arsenal or other clubs? Many of the same sentiments would apply but a line is eventually drawn but not here.

          • Damon Horner

            It does for some, ambition was a broad point I used. Again though if you accept it as a bonus or doing to a belief it will improve (or we get relegated and become one of the best) then you will go to games. I mentioned the main difference with arsenal to Fat Parosite about the main difference.

        • Wezza

          Spot on that.

        • FatParosite

          I think empty seats would have the same effect on Ashley as they had on Wenger. Unfortunately Ashley has got his message/lie across and most fans are unaware of their power.

          • Damon Horner

            They could, I don’t know but in those circumstances it’s easier to decide to dispense of an employee when results are slipping than it is an owner of a non-PLC. He sickeningly decides it all for me.

    • panther

      well said, my mates still go, I dont understand it

  • Leazes.

    What inherited Debt?….. there was NO debt, we had mortgages as did every club, ours was for a Stadium giving us 15000 more seats and an income that would pay for itself! Other clubs had debts into the 100’s of millions for players.

    Are you sure he paid £6m for the land…. I seem to remember he paid £2,9m…virtually given away as it was worth immeasurably more to the club

  • Leazes.

    The loan shark comparison I think is a good one. Like someone saying I’ll pay your mortgage off with an interest free loan. Don’t worry about paying it back yet but you will always owe me money. Always

    From True Faith.

    • FatParosite

      The less I hear MM’s hollow rebuttals the better thanks…

  • Leicester Mag

    Few bar a few Trolls believe the current situation is tenable, there is no future and no way back. So what next? The uncomfortable truth is the only way to push this towards the end game is to boycott games. Like it or not the only impact is empty seats. Some will say that’s not the answer that it won’t work. Well if it isn’t tried we’ll all die wondering staring at blue and red as the light fades

    • Leazes.

      It worked for Sunderland and Arsenal. I see Spuds had 32000 empty seats for their derby with Fulham.

    • Carverlier football

      The trolls don’t believe it either, it just gives them a kick to wind people up. Which is why it’s pointless engaging with them, debating with somebody who doesn’t believe their own argument is as futile as debating with a potato.

      • GlasgowMag

        They are persistent!!! sorry I also don’t get the Manchester thing or other fans on the windup these guys are getting paid from somewhere!!!

        • Monkseaton Magpies

          It does not help when the author of this article tells lies. The debt inherited was £148m a total mess the club was in and the banks had pulled the plug. Five points off relegation and the banks wanting repayments of debt. The bubble had well and truely burst.

          • GlasgowMag

            As I said “persistent”.

          • Dont stop bobbi fleckman

            He’s been very selective and leads the reader to make incorrect conclusions.

            Bad work Chris

          • Ben Jones

            he always does, using incorrect facts(that he knows but he presents them in a way he can plead ignorance) and selective stats (oh i’ll stop this stat after 3 years because it paints a much darker picture)
            actually despise the guy

          • Dont stop bobbi fleckman

            I have quite a ding dong with him on Twitter and I think we both enjoy it but this has been designed to mislead and its a case of knowing the audience is intellectually limited so Chris has purposely created an article that is appears to be riddled with errors but in reality, constructed to activate the knuckle-draggers of life.

        • Wezza

          Apparently there is two brothers from manchester who troll this site daily. Theyre pure wind up merchants and are pointless engaging with them. Since MUFC are playing right now coincidentally no trolls post.

      • Monkseaton Magpies

        The debt inherited was £148m I have the accounts and the Mag tells lie after lie and creates hatred towards our club. In my view I often wonder if you are all Sunderland Supporting trolls like Jezza who supported Sunderland in his youth. People on here except a dozen or so hate Newcastle United.

        • Danimal

          Hilarious deflection. You are like Chemical Ali, Donald Trump and the entire world’s pre-school population, rolled into one. With access to a keyboard.

      • Danimal

        I know but it’s hard to resist…

    • Monkseaton Magpies

      It has been tried crowds fell to seven thousand and still no new owner.

      • Danimal

        I think you’re referring to one crowd at the end of the 1977-78 relegation season, when we hadn’t won a game since the turn of the year. Crowds were lower then as a whole. I don’t think it was a protest, just a club in decay at the time. Or you might be referring to a Simod Cup match vs Shrewsbury, in a blizzard, around 1987? Another end of season match springs to mind, about 1982 vs Wrexham.

        • Monkseaton Magpies

          I am referring to the Norwich game and the two Wrexham games. Still no new owner.

          • Danimal

            Three isolated incidents spread over ten years, at a time when crowds were routinely much lower. None of them was a protest anyway. I was definitely at the Simod thing vs Shrewsbury and it was effing freezing. Arguably the Wrexham one was followed immediately by the signing of Keegan (with outside help). So not a new owner but a major change which set the tone for further major change later.

  • GlasgowMag

    2.6million average annual net spend in his 11 years tenure!! Basically during the most lucrative period of the premiership with enough tv money spinning around to resolve a country like Zimbabwe national dept problem says it all really!!! Where’s the money going Mike??????

    • Viru leckworth

      Currently HoF.

  • Stephen

    A few more games like yesterday and the crowds will start to drop.
    The body language of the players told a story
    The club lacks spirit, the squad is held together with sticky plasters and when at the end of the season the manager goes people WILL stop attending.

  • Leazes.

    9 The number of our own players we are now putting on the pitch.

  • StevieB

    Damaging numbers.

  • Monkseaton Magpies

    The inherited debt was £148m Current Assets £8m liabilities £156m. These were Hall and Shepherds final accounts. The stands had to be paid off on day one once Sir John Hall left the club hence Mike Ashley’s kind interest free loan.

    • Danimal

      It was his responsibility to pay it off.

      • FatParosite

        Stop feeding the morons…. Block them…….

  • Steve Smith

    Payments for property improvement go down as assets not debts.

  • Peter

    It would be interesting to compare these statistics with the 15 years from 1992 to 2007. I think we know the stats for league placings and cups 1992-2007:
    1 promotion
    7 top six places in the Premier League
    2 (losing) appearances at FA Cup Finals
    2 appearances in the Champions League group stages
    7 other appearances in top European competitions

    What is a football club for?

  • Dont stop bobbi fleckman

    £76m Inherited debt NOT TRUE, IT WAS OVER £150m

    £144m Current debt, It’s actually a little higher

    £68m Debt growth – A LIE

    £0 Sports Direct payment for advertising – May actually be 1/2m

    £8.4 NUFC paid Sports Direct in 5 years to June 2017 – very selective, you’ve already been roasted on twitter for this

    £146 Season ticket increase (Gallowgate/Leazes), a massive!!!! 2.9% rise per year

    £189 Season ticket increase a huge 2.9% increase per year

    £47 Season ticket increase (L7) That’s 1/2% per year

    £6m Paid (by Mike Ashley) to NUFC for Strawberry Place (so he could personally develop it) – THIS GOT US PROMOTED AND KEPT WITHIN FFP RULES.


    • James Hopkins

      You say that the apparent debt was over £150m when he took over the club. So why has he let his minions say something totally different .

      • Wezza

        He is a troll, don’t waste your time with him. Reputable and long time posters have exposed him and his brother who are MUFC fans and live and breathe off trolling Newcastle fans. It is their life and they have over 50 usernames on Disqus. Clarko is another, Ben Jones, mentalman, Comeandtakeit etc.

        • Wezza

          I bet the trolls are quiet when Brighton play them and win.

          • Wezza

            Brighton 2-0 Manure – Trolls may come back in force.

      • Dont stop bobbi fleckman

        Careless stuff really, see my posted reply to the other guy.

      • FatParosite

        Stop feeding the morons…. Block them..

    • Bob_the_Builder

      was it f##k you lying c nut, time you died

      • Dont stop bobbi fleckman

        OK Mr vulgar. What was it and how was it made up?

        I’ve got this:
        We were owed £2.8m in unpaid transfer fees, we owed £50m including crown payables. so net £47m

        We owed in loans: £67m, Overdraft of £11m = £78m

        • Gallowgate Dave

          And how does that total more than £150 million?

          I know you can’t post links on here but can you direct me to where you’re actually getting these figures from as Ashley’s own letter states £76 million in debt?

          Even assuming you are correct (which at this stage looks a big if to me) would you sum Ashley’s reign up as a litany of avoidable mistakes, 11 years of austerity lacking ambition that hasn’t even solved the debt problem anyway, stagnant merchandising, commercial and match day revenue and a complete lack of communication, in particular from a mute Managing Director, that has alienated many fans?

          • FatParosite

            Stop feeding the morons…. Block them…

          • Gallowgate Dave

            I don’t agree with some of your views but I wouldn’t block you, I think it’s childish. Unless they all truly are trolls but I’ve never seen any actual evidence posted, only theories. I personally can’t stand Ashley and I don’t think the club will ever even try to compete under his ownership but I’d rather be in possession of the full facts so if Bobbi has evidence I’d like to read it. And if he doesn’t respond it proves he doesn’t have evidence. That’s more useful to me than just blocking and stifling debate.

          • Monkseaton Magpies

            I have the accounts the debt was £148m from Shepherds and Halls last accounts will show you if we ever meet for a pint. Ashley saved the club full stop as the banks wanted the money back.

          • Dont stop bobbi fleckman

            Companies house, the figures are publicly available.

            Austerity to an extent is no bad thing, the merchandising is pretty good, commercial income has improved in terms of profitabilty.

            Fans have been alienated because they choose to be. Most of the thinks fans get upset about, other fans have made up.

            It’s interesting that Chris has noted Mike paid over the odds for the Strawberry place land. The Mag have refused to ever explain that, it was only a genius that Chris correspons with on Twitter alerted him that the myth of this land was gifted was a lie.

          • Dont stop bobbi fleckman

            The debt goes to £150m to cover the loss for 2007. Sorry, I should have been clearer.

          • Gallowgate Dave

            That’s still not evidence. That’s you just typing numbers. Where do I actually read this?

            But again even assuming you are correct on “over £150 million of debt” Ashley bought the club in May 2007 and you’ve said you included the losses in his first year. So his first year loss isn’t his responsibility?

            Why would Ashley himself say the debt was £76 million if it’s higher? And given the debt was mostly stadium expansion that’s different to a debt with nothing to show for it.

            And you didn’t answer my question in my post to you either.

          • Dont stop bobbi fleckman

            Go to Companies House, NEWCASTLE UNITED LIMITED, Company number 02529667

            2007, we were insolvent to the tune of £16m,

            In 2007 the club had external debts:
            Overdraft – £10m
            Loans £67m
            Unpaid Transfer fees £ 51m
            Deferred income £29m

            2007 bought a loss of £33m, In 2008, the club had lost another £20m and external debts fell to £40m with the debt to Mike Ashley at £130m. That’s how this has position came about. The external debt has been largely taken on by MA along with financing the ongoing losses.

          • Gallowgate Dave

            Aye I found it on Companies House in between your comments but thanks for the info. I’ve read more recent accounts but I’ve never actually gone back that far. Accounts ending June 2006 it appears liabilities are £142,934,000 split between current and non-current? What I find bizarre is why Ashley in his letter to the culture secretary stated himself he repaid debts of £76 million (plus £6.5 million finance costs)? The only thing I can think is as his letter was made publicly available his words would be open to legal challenge on what constitutes a debt ie current/non-current so he played it safe and just included current?

            My point still stands though. We ran up a debt trying to compete at the highest level and expanding our stadium. We’re now in the same debt having suffered easily avoidable mistakes under Ashley and 11 years of austerity. It’s hardly a ringing endorsement of his business acumen is it? Or is it possible that something more underhand is afoot such as exploitation of the football club like a merchandising agreement stacked heavily in favour of Sports Direct, not NUFC? Would that explain why we are met with a wall of silence from the club? Does anyone else have a mute Managing Director (or CEO) who seems terrified of public speaking? I’m sure Ashley isn’t the worst owner in the top 4 divisions of the football pyramid (we are still a Premier League club) but he does make baffling decisions, easily avoidable mistakes, he’s so absent these days he seems completely disillusioned and it’s not as if we are in great financial health or competing with the top clubs is it?

          • Dont stop bobbi fleckman

            The significant year is 2007.

            2006 shows how costs had risen but 2007 showed just how precarious we were.

            I agree, I think the letter was simply set out in terms that he thought people can understand. The bank debt was significant as it was coming up to be due for renegotiation / rolled over but that in itself would only be a problem is the bank were refusing to continue, we know they were concerned but would they have pulled the plug? The pressing issue was the unpaid transfers, once they were paid, I think the club were running out of money by the autumn.

          • Gallowgate Dave

            Good old Mike, always thinking of ways to make it easier for us daft Geordies to understand. If you’ve time between tugging at your forelocks and doffing your cap how do you explain the other concerns I and many others have in my previous post? You seem to be only responding to the points you want to answer?

          • Dont stop bobbi fleckman

            It’s not really that, however, you can imagine that had he said he inherited £150m of debt, there would have been a twitter firestorm as most simply don’t understand.

            The thing to look at is the position at 2007 & position at 2008. You can see creditors have been reduced, the bank loans gone, overdraft reduced/removed but the losses continue so it’s clear, the loan covered these reductions and the losses.

            Can you let me know what I’ve missed, it’s not deliberate.

          • Dont stop bobbi fleckman

            Why would MA have his 100% owned business in an adverse agreement with a business he owns 53%?

            Commercial agreements with SD are going to be confidential.

          • Gallowgate Dave

            The two aren’t comparable. Sports Direct has other shareholders to satisfy, is publicly listed, worth far more to Mike financially and probably emotionally as its founder and crucially its customers can shop at rivals if they are dissatisfied. We on the other hand can’t just go and support the Mackems, Mike Ashley has previous for this sort of behaviour at Rangers and as a privately owned company he will not be under the same obligations to report publicly. If it’s such a great deal do we know if Sports Direct have any other Premier League clubs they have a similar arrangement with? You can question the evidence Bobbi and I do read your posts but I’ve no idea why you trust Ashley so implicitly, it makes me and others suspicious of you.

          • Dont stop bobbi fleckman

            let me know if I’ve not addressed all our points.

            The Rangers situation was different. The deal with Rangers was security for a loan they needed to get through the season before when they hadn’t to the SPL. It wan’t designed to be advantageous to Rangers as it was a high risk loan, a loan none of the shareholders or directors were prepared to put up.

            There is no advantage to SD to stitch NUFC up. They want NUFC as the club they demonstrate their full warehousing and fulfilment service. A service that gives clubs access to economies of scale that they’d not otherwise access. It would be daft to showcase themselves where the club misses out. SD don’t want to lose the business when MA sells, especially if that means we use a competitor.

          • HarryHype59

            This club has also earned about £450m in TV money since Ashley took over, yet the debt remains unchanged. Our net spend on transfers during this period is one of the lowest in top flight English football.

          • Gallowgate Dave

            Agreed. The debt has remained the same despite our failure to compete yet we are constantly told we are on a sound financial footing under Ashley. £144 million in debt = sound financial footing?! Slashing costs seems the easiest way of remaining within budget but real business acumen would be improving revenue so we could actually compete, or even attempt to compete! Unfortunately Ashley seems not to have the inclination and/or perhaps even the skill set.

            I do engage with Monk, Bobbi and Clarko though as they (sometimes) do back up their arguments with logic, albeit Monk comes across unhinged at times and Clarko so abusive it’s hilarious. What all 3 share in common (particularly Monk) is an unwillingness to condemn Ashley for his many mistakes which means when they do sometimes make valid points they are abused, branded as trolls or blocked. It’s not helpful for the debate. I can’t stand Ashley but some of the stick he gets on here is pure fantasy. The daft thing is there’s no need to make it up, he has more than enough factual faults for us to have very legitimate concerns on his ownership.

          • Dont stop bobbi fleckman

            We suffered avoidable mistakes, of course. I’ll not counter that, Sacking BFS was a mistake in hindsight, losing KK by bringing in lil Dennis & Jimmy was avoidable or it should have been made clearer to KK what the set up was.

            Promoting JC was a mistake but should have been fine if it was communicated better i.e. temporary fix.

            McClaren’s apointment looked fine on paper, he’s still regarded highly as a coach but he’s not a good manager. The Summer 2015 purchases looked great had they joined a club where the manager was on board with those players. We delayed getting rid of McClaren, every game where you thought he’d be out if we lost seemed to scrape a result.

          • Gallowgate Dave

            Personally I don’t care we sacked Fat Sham. The man’s a crook and while I can’t deny him acknowledgement of a certain level of success in his career his ego is completely at odds with his achievements. No doubt we judged him too quickly but his purchases and style of football were dreadful.

            Dennis “but he’s good on YouTube and these South American agents seem really honest” Wise and mentally unstable JFK who we all recognised had a major drink problem and whose utterances on TalkSport are still comedy gold unless you actually happen to be an NUFC fan vs club playing and managerial legend KK. I mean there’s mistakes and there’s brazen stupidity?

            “Promoting JK was a mistake but”….no Bobbi there’s no but. Again it was brazen stupidity. His record before and since should have him nowhere near in charge of a Premier League club. Like Wise and JFK he even comes across as daft man.

            McClaren’s appointment was not good on paper. I didn’t know a single NUFC fan happy with the appointment. He’s failed at every job he’s ever had except FC Twente (first spell) so he obviously had to return to the club so he could fail (second spell). Granted he won silverware at Boro and can’t be called an unmitigated failure, but ask most Boro fans if they’d have him and they’ll tell you no. The rest of his career is awful, he’s a coach not a manager. He looked ludicrously out of his depth here and should have gone weeks before he did, or ideally not appointed.

            These are all well trodden Ashley disasters we don’t really need to re-visit as anyone arguing these can’t be taken seriously (Monk called them all “invalid”) but I’ve replied to your other post with points you’ve ignored that I’d be interested to hear your opinion on, more to do with the finances?

          • Dont stop bobbi fleckman

            I didn’t like Sam’s football but without doubt, we’d have not gone down. He’d have kept us up until the finances sorted themselves out and at that point, indulging with someone like KK would have been positive.

            JFK first time around made a certain amount of sense and would have kept us up, but for his dodgy ticker.

            with McClaren, I think what should ave happened was an old hand be bought in to manage and Mcclaren stick to coaching.

          • Dont stop bobbi fleckman

            Can you point out the unanswered bits again, I can’t see the post with those on. Sometimes my Disqus threads go out of order and I miss stuff.

          • Dont stop bobbi fleckman

            “I’ve replied to your other post with points you’ve ignored that I’d be interested to hear your opinion on, more to do with the finances?”

            Can you just re-post those questions? I’m not one to duck a question.

          • Gallowgate Dave

            Clearly not from how persistent you are…

            I have tried to re-post but Disqus deletes. I will try 2 separate posts.

          • Dont stop bobbi fleckman

            OK, have I now covered them all?

          • Gallowgate Dave

            1. If Mike Ashley has such business acumen why has our debt not reduced?

            2. Many other Premier League clubs had significant debt in 2007 and now. Why would we have gone bust when they did not?

            3. We ran up a debt trying to compete at the highest level and expanding our stadium. Ashley has not reduced the debt despite 11 years of austerity and a lack of investment. Explain why you’d defend that record with such vigour?

          • Dont stop bobbi fleckman

            1. If Mike Ashley has such business acumen why has our debt not reduced? – The net assets has increased and will do so again on the 2018 accounts. Debt is OK as long as income and moreover, profit is derived from debt.

            2. Many other Premier League clubs had significant debt in 2007 and now. Why would we have gone bust when they did not? – Other clubs did not have the immediate payments to creditors due that we had. They also didn’t have the continued losses through a lack of control over costs, especially wages.

            3. We ran up a debt trying to compete at the highest level and expanding our stadium. Ashley has not reduced the debt despite 11 years of austerity and a lack of investment. Explain why you’d defend that record with such vigour? – I’d like a more successful team etc etc. However, I also recognise that we were in trouble back in 2007. I think it’s easy to demand spending when it’s not your money.

  • Leazes.

    This is what Premiership clubs owed to their creditors at the moment Ashley bought United (Our figure include the stadium at £58m)

    Figure £m

    Arsenal 416
    Aston Villa 73
    Blackburn Rovers 17
    Bolton Wanderers 52
    Chelsea 701
    Everton 39
    Fulham 197
    Liverpool 280
    Manchester City 147
    Manchester United 699
    Middlesbrough 93
    Newcastle United 106.2
    Portsmouth 57.7
    Sunderland 69.2
    Tottenham Hotspur 65
    West Ham United 36
    Wigan Athletic 66.4

    We had bought a Stadium 15k extra fans…. The extra money was paying the mortgage… asset not a Debt!

    There was never a problem until the press were fed a story of overspending….on what exactly? I’ll bung the stadium onto the accounts as a a debt to myself……. and I’ll make you pay me!

    This was a deliberate ploy to give justification to the asset strip….. he tried the same bloody thing at Rangers!

    We were no different to other premiership clubs except we had a bigger stadium than most….. and more people coming to watch.

    • Ashley-out

      the bar must be set really low on ownership of a premiership club

  • Kenny

    Ashley is generation scum, along with others of his ilk they have made hundreds of millions on the backs of working class men & women. he cares nothing for the welfare of his employees or anybody else for that matter.
    like i said he personifies generation scum

    • Dont stop bobbi fleckman

      Alternatively, he’s provided employment for thousands of people, reinvigorated an ex mining area that had high unemployment to full employment, something no government could achieve.