It has  become crystal clear to everybody by now surely, that Rafa Benitez hasn’t been given any transfer budget whatsoever by Mike Ashley.

Even the manager has made this clear himself.

The only way he can bring in signings is if he sells players and then is given some, but not all, of the sale price.

I reckon we all accept the above now.

However, beyond that basic reality, a lot of Newcastle fans and media appear to be over-thinking the situation between Mike Ashley and Rafa Benitez.

I, and I guess most of you, don’t believe for one second that there isn’t money available that Ashley could make available for the manager to spend, but chooses not to. After all, he has got form.

After stockpiling cash over a number of transfer windows, Mike Ashley then suddenly allowed over £85m to be spent in the relegation season whilst Steve McClaren was Head Coach.

There was £50m+ spent in summer 2015 and then another £30m+ in January 2016 with Newcastle still deep in relegation trouble.

However, let’s just for one second suspend belief, that there are currently no funds sitting there that could and should be spent.

If that was/is the case, then it still means Mike Ashley is choosing not to give Rafa Benitez transfer funds, it isn’t that he can’t do it.

The easiest way for more transfer funds to be available would be if instead of keeping on taking payments in instalments, he took full payment up front.

So for example, if Aleksandar Mitrovic has been sold for £22m (that could rise to £27m if hitting certain targets) and the initial payment might say be £5m, why not tell Fulham they can have him for £18m if it is all paid up front, or maybe say £22m paid up front and drop the clauses for another £5m in the future? Yes the club would be receiving less cash overall but surely it is better for Rafa to have say £18m/£22m to spend now, rather than only £5m now and a larger amount that will only be spent when we have a Pardew or McClaren puppet back ‘in charge’?

At the moment sales exceed buys by over £25m (£35m until Muto deal is confirmed) this summer and yet Newcastle still can’t supposedly afford £8m for a left-back, or bring in any striker unless Dwight Gayle, and possibly others as well, are sold.

Alternatively, Mike Ashley could put money in himself, or loan it to the club, which of course he has done the twice he has relegated us. Why not back Rafa to build the club rather than ony spend money when disaster threatens, or has already happened? This isn’t Ashley being charitable by the way, the club is Mike Ashley’s asset and indeed is valued at £400m+ according to the owner, meaning it has vastly increased in value since he bought it. By putting in/loaning cash, Mike Ashley himself would be the massive winner if things improved because of that. More Premier League revenues guaranteed, more massive free worldwide exposure for his retail empire would also be guaranteed, whilst the club would also grow in value if successful – with one day a sale generating far more money. Ashley could put in tens of millions and NUFC would still be well within Financial Fair Play (FFP) limits.

This is the same of course with the likes of spending cash on revamping the Academy, building the state of the art training complex that was promised five years ago and said by Ashley (via JFK) to be essential to the club’s future ambitions, or indeed St James Park itself – which has hardly had a penny spent  on it. Apart that is for the various improved advertising hoardings and big screen that are used almost exclusively to promote Sports Direct and the rest of his brands. Plus spending money on the Academy, or St James Park, or the training ground, all stand outside FFP. Like investing in players, spending on any of these things would almost certainly increase the value of the club when he chooses to sell it (one day very soon please).

If Mike Ashley wanted to help Rafa Benitez (and there was genuinely no funds available), then he could also allow the club to borrow money at a commercial rate, giving Rafa money to spend now in advance of 2018/19 payments coming in from the Premier League, other clubs do this. Yes, interest would need to be paid, but just how expensive would yet another relegation be?

Yet another option, and maybe the easiest of all, would be if Sports Direct actually paid for the massive free promotion they get now.

Back in the 2014/15 accounts (see below), Mike Ashley pledged that Sports Direct were going to start and pay a market rate for the so far free advertising/promotion by NUFC.

I think £10m per season would be very cheap for Sports Direct. If you doubt that, just consider that FUN88 pay £6.5m to sponsor the shirt. I reckon SD get at the very least twice as much benefit from their relationship with Newcastle United, than the betting firm does.

So please, don’t be fooled.

Rafa Benitez doesn’t have money to spend, solely because Mike Ashley chooses that to be the case.

When newspapers are trying to explain why it might be the case as to why there is no money to spend, it is all irrelevant, it is only because the owner decides that this will be the situation.

Just look around you, there is not another top club that is run along the same lines as how Mike Ashley treats Newcastle United. If you think he is right in what he does, then the logical assumption must then be that everybody else is wrong.

The Mag – 14 April 2016:

Extract from the 2014/15 Newcastle United Football Accounts

‘During the current and prior year, advertising and promotional services were provided to Sports Direct International being a company associated with the ultimate owner of the company, MJW Ashley.

No consideration has been paid by Sports Direct International for these services to date but Sports Direct International and the Company are in the process of agreeing an arms length rate for these services and the Company anticipates receiving payment for these services in the future.

During the current and prior year, advertising and promotional services were provided to companies associated with MR MJW Ashley, the ultimate shareholder of the Company’sultimate parent undertaking MASH Holdings Limited. No consideration was paid or payable for these services.’

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  • Toonfen

    Ashley out!!!!

    • Mrkgw

      I second that!

      • Squintytoonarmy

        3rd 4th 5th that

        • Wezza

          6th, 7th, 8th!

  • Paul Patterson

    You can’t deny, there’s a fiddle on somewhere.. #Wheresthemoneygone 💰👋🚁

    • Toontaff

      And it ain’t Adam Johnson, this time!

    • Ben Jones

      Yet you can’t prove it either

  • Toonfen

    And yet he Is ready to bail out House of Fraser I despise the man in what he is doing and what he has done to the club I love and true Toon fans love! Ashley out, out, out!!!

  • Big Hairy Man

    Where’s the TV money Lard Lad?

  • Toonfen

    What goes round comes round and one day he will get his comeuppance and I hope I live long enough to see it happen. ASHLEY OUT!!!

  • Ben Jones

    Makes no sense, we don’t take our stadium with us on away games nor do our fans walk around in replica St James parks, the shirt sponsor is 6.5m (I thought it was 8m) the stadium advertising is worth 2m TOPS

  • Steve Smith

    Ashley was willing to give a 50m cash injection to House of Fraser yesterday. We’ve got no money though…

    • Ben Jones

      I’d imagine that money will go some way to turning around the fortunes of an ailing company safeguarding jobs into the future and should be commended

      • Paul Patterson

        Buffoon.

        • Soldier

          troll, mammy does his shopping & changes his man nappy for him

      • Steve Smith

        Whoever ties your shoes and prevents you from drowning in your morning cornflakes should be commended.

        • Paul Patterson

          Or stopped from doing so..

      • Vincent Gigante

        Do you think that ashley should have given transfer fund to Benitez this summer to strengthen the team and squad?

        • JonMag

          Vinnie me old china how`s the trolling going, is Ben a mate or one of your aliases. i wouldn`t bother with him he`s a real wanka, does that make you both wankas
          you are a busy boy, aren`t you

          • Vincent Gigante

            I’m asking him a question he won’t answer. He may be a troll but I guess he is certainly something to do with monkseaton.
            For me I’m no troll, nor a wanka, I’ve been on here under few names over the years and finally it looks like the lunatics have took over the asylum.

          • Ben Jones

            I’ve answered it bud. Been to the shop

          • Vincent Gigante

            You haven’t

            Do you think that the owner of Newcastle United should have allowed the manager to have strengthened his team and squad?

        • Ben Jones

          Not easy to answer. As a simple yes no question then yes, of course, but given the final year of contract scenario it makes it slightly harder to answer, I’ve a feeling Ashley’s exit will happen in(within) 9 months

          • Vincent Gigante

            That’s not an answer to my question

          • Ben Jones

            I believe Rafa would have more funds if he signed a new contract

          • Vincent Gigante

            You know nothing

          • Ben Jones

            Everyone’s guessing, just some choose to ignore facts

          • Vincent Gigante

            I don’t ignore facts and I’m not guessing either.
            Answer the question

          • Ben Jones

            I don’t understand , he’s either getting everything available or something is getting held back, why would it be held back?

          • Vincent Gigante

            Please enlighten, you tell me why.
            Theories are theories but facts are facts. We have a plus on incoming vs outgoing meaning that whichever picture of accounts is painted we have not touched any payment from premier league/sky et al whatsoever. So since you seem to be the most knowledgeable soul on this forum can you explain two things
            1. What does every penny generated mean?
            2. Do you think ashley should have given Benitez money to strengthen the squad and first team?

          • Ben Jones

            1 surplus cash after expenses (profit)
            2 all the money as in every penny generated and available? Probably but if he’s holding back due to Rafa running his contract down I can understand why *maybe he isn’t, if he isn’t

          • Vincent Gigante

            1. the surplus has to be the PL & Sky money then? As the club/business as proven countless times actually runs on a slight profit which is the only thing that anybody can actually praise the useless fat bast##d for.
            2. You’re saying that fatty is daft enough to play a Mexican standoff with 2 factors who he cannot beat?

          • Ben Jones

            1 it’s that slight profit which ends up being our transfer net spend
            2 Ashley can’t lose so long as we stay up, the club becomes more attractive with money in the bank and Rafa’s contract is someone else’s problem, he’ll be gone in (within) 9 months imo

          • Vincent Gigante

            That isn’t every penny generated?
            So according to you both Rafa and ashley will be gone in 9 month which is the end of April ?
            By the way 1 of the factors is the fanbase which he’ll never beat.

          • Ben Jones

            I’m saying if Rafa goes it will be a failure of the new owners to match his ambition

          • Vincent Gigante

            Still failed to answer the question posed. Straws at clutching. Rearrange at will. Thought you might have he an answer or two….but no

          • Ben Jones

            I said I feel it’s not an easy quesion to answer, how many other managers have been given big funds going into their final year while refusing to sign? If that’s what’s holding funds back, if they are being, then just can understand it and also may help facilitate a quicker exit

          • Vincent Gigante

            Your first paragraph makes a bit of sense but for the fact that modern day football sees players nearly always playing for multiple managers at any one club so that shouldn’t have much of a bearing.
            Not sure what you mean by that second paragraph but if what you are suggesting is that ashley is now dragging as much money out of the club before selling it at a logical price to Staveley and Co leaving no one any time to strengthen the first team and squad before running into the season with a much of a muchness set up risking his own valuation in the process then I suppose I know what you’re getting at as my view of ashley and his success in business is that it has been pure luck. Gamble, sell half price cracked ice before it melts.

          • pedrodelgardo

            Does it taste nice?

    • phildene

      According to the news tonight, think it’s £70m-we all know where and who’s money it is! OUR CLUB’s!

  • Davey Miller

    It’s obvious fat mike knows he has a top manager who will almost certainly keep them up even with barely any money so no chance of him spending anything

    • Superdooperhooper

      So we have to get another muppet like mclaren in before any money is spent ? Talk about a no win situation !

      • Kneebotherm8

        It’ll be “Play it again Sham”………….fatman Allardyce……….Rafa may as well fck off now …….he’s wasting his time at this club with this 💩Bag of an owner……

  • Superdooperhooper

    What’s happened to the instalments from townsend winjaldum sissoko and thauvin ?

    • Steve Smith

      Bungs to reporters for puff pieces.

  • HarryHype59

    Ashley appears to allow players to be sold on staggered payments e.g. Mitro. He insists that new players are bought outright. That would explain the cash flow issues resultin in Rafa rummaging around the bargain bin again.

    This policy acts as an artificial ceiling to limit spending! Ashley is akin to an albatross around this club’s neck.

    • Paul Patterson

      Yep, there’s a fiddle on somewhere..

      • phildene

        Big time!! and has been since he turned up. He’s not going anywhere unless it gets very unpleasant for him-via SD and us.

  • pedrodelgardo

    Where is the installment money from past sales?

    • HarryHype59

      It has been merged into other accounts.

      • pedrodelgardo

        What does that mean?

        • HarryHype59

          It means the money has been diverted into other accounts via creative accounting. Repaying artificial loans arising from Ashley’s incompetence is one way of channelling funds funds Bobbi!

          • phildene

            Masholdings and St James Holdings……anywhere where only he can get his grubby fat paws on it.

  • Jimblag23

    Doing deals where we get money in instalments is all the evidence you need to prove Ashley has no intention of selling up for many years to come.

    • Jate Legend

      Hell still get the cash if he sells, the debts from other clubs will obviously be factored into the value. Its actually more likely he’s shaping up to sell by asset stripping ahead of a reduction in his asking price on top of the TV cash. I think hell sell it this season if we look like we are staying up.

      • Ben Jones

        That’s my belief, everything is pointing towards an exit in (within) 9 months

        • JonMag

          talking to yourself again you stupid C nut

          • Jate Legend

            Well he isn’t and I’m not a troll, or pro-ashley. I just think the way he’s acting indicates he’s moving towards selling the club.

          • JonMag

            your`re a Troll, Now [email protected]@k off you idiot

          • Jate Legend

            Its easy to be play the hard man from behind a keyboard, isn’t it son.

          • Anonymouse1

            everyone knows you`re a troll

          • JonMag

            I`m available. i`ll rip your [email protected]@king head off you piece of schitt

          • SuperDesHamilton

            Hahaha I’ll meet you, stupid old drunk, anytime! I’ll burst you clean all over

          • KRS1

            Are you that mad troll that was calling everyone “son” last weekend. Remind me, what was your name

          • Jate Legend

            Another paranoid nutcase on here. I’m blocking everyone who calls me a troll, hopefully will be left with some people to exchange views about footy with.

          • Ben Jones

            If I was it would still be twice as effective than talking with you

      • JonMag

        Troll, voted up by another troll, you [email protected]@kers are as thick as pigs schitt.

  • Wezza

    Instalments so Rafa doesn’t get ‘every penny’
    Despicable owner.

    • Big Hairy Man

      Then the instalments are taken by “operating costs”.

  • glassjawsh-got-banned

    lescelles just backpassed out of bounds for a corner… woof

  • Steven05

    Until we are relagated again or Ashley leaves – they are 19 football clubs in the premier league

  • Son of Wilt

    “Don’t be fooled”!! Do you think we’ve been living in a cave for the last 10 years??

  • JonMag

    Rafa wouldn`t sign a new contract so Fatso spit out the dummy & blocked the funds through spite, it`s as simple as A,B,C.

  • Vodkamagpie

    The problem in spending money on a striker, is the amount worth the ability and performances of the individual . I’m struggling to come up with striking options for the club. You see other clubs spend 14, 17,11, 27, 30 Mil etc etc, for strikers that barely score a goal. Liverpool price ings at 20, origi at 27. So it appears, if you want to buy any striker, you looking between 15 to 30mil, and that’s for a striker that doesn’t score. Looked again at rondon, not overly pleased with some of his highlights, however he does have premier league experience . I would make Danny welbeck my main target, maybe between 15-20mil hopefully, yes wages would be a problem , however the quality would surely be worth it. Maybe even a loan gamble with option to buy on vincent janssen

    • Soldier

      Welbeck league goals the last 3 seasons, 4, 2, 5

      • Vodkamagpie

        Good post, honestly I didn’t realise his numbers were so low. Think arsenal did play him a lot on the wing, if we play him as our main striker, he could score a reasonable amount, don’t you think?, it’s a better option than rondon

        • KRS1

          Ashley wouldn’t pay his wages in a million years. Suspect Welbeck wouldn’t come to us in a million years.

          • Vodkamagpie

            It’s a fair thought. I believe at the time of mcclarens sacking, Newcastle would hire a world class manager, at the time it was hard to believe, but it happened, as the time was right to do so, it was the obvious approach, and same should apply now regarding a striker.

    • Toontaff

      Tammy Abraham. 15 million.
      Lucas Perez. 7 million.
      Origi. Loan.
      Andy Carroll, Das Bost, Charlie Austin and all the king’s men……………

      • Vodkamagpie

        Decent options , I’m not a fan of Carroll, injured way to much, same as Austin, and to slow. I like tammy, potential, lucas is a good price, dost would be free but want massive wages and signing on fee.

  • Jomas

    Just quit Rafa and tell the world what a scumbag he is. Then we can.get relegated, lose support, he loses money and has sell.
    the sooner the better
    its such a non football club that being in the PL is detrimental to it long term,.as it retains that scumbag.
    no sale – no hope

  • NUFCLX

    Wonder when the Mag is going to come out and support the Magpie Group. You would think that is worthy of an article or 2.

  • Soldier

    Shelvey`s injured

    • Toontaff

      He’s off for his medical at a more ambitious club…………….

      • Soldier

        no, he is injured, so that`s Lejeune out for months don`t know what Shelvey`s problem is

        • Ben Jones

          Depression. He’s been reading the mag

          • Soldier

            get lost, plank

          • Wezza

            Just block the troll mate.

          • Soldier

            i have done can`t be bothered with them

          • Ben Jones

            Thats a good soldier

  • Peaco

    Not a conspiracy theorist but, anyone reckon the orrible scumbag did a deal with HMRC to settle quietly for several million quid if the investigation goes away. Unlikely. Where’s the money you fat fack?

  • Soldier

    Newcastle are 1-0 down

  • Mirandinha9

    I’ve sent an email to Sports Direct tonight asking whether it is feasible for me to purchase a pair of trainers from them, though, to pay in installments – a style of payment which their owner puts such great faith in. Wonder what response I will receive? 🤔

    • Ben Jones

      Hopefully the one you deserve

      • Vincent Gigante

        You still have not answered my question

        • Ben Jones

          I have, what I want is irrelevant, the window has not closed yet and rafa may get the funds you crave, if he doesn’t and the reason is because he won’t sign his new contract then I can understand that decision and the extra funds in our coffers could also help facilitate a buyer, which I believe will happen in (within) 9 months so long as we stay up, Rafa contract and ambitions become the new owners task to meet

          • Vincent Gigante

            I’ll give you an easier question of…..Are you happy with the overall performance of the football club over the last 11 years using the previous 11 years as as a comparison? Since you clearly and continually struggle with my original one of ….Do you think that the owner of Newcastle United should have given Benitez the funds to strengthen the firat team and squad?

          • Ben Jones

            You’re not specifying what you mean by funds, financially yes, on the pitch not so much, if you’re asking which 11 years leaves us in a stronger position for the next 11 years I’d say this 11 years

          • Vincent Gigante

            Funds to strengthen the squad!
            It’s all about the football. You need to make your mind up about the financing of the club so I’ll ask another question..
            In your considered opinion how much is actually available to strengthen the first team and squad? Don’t bore me further with if Rafa signs he’ll have this and if he doesn’t he’ll only get that unless you are advocating that fatty is actually stupid enough to play this game.

          • Ben Jones

            I expected 50m net, but I’ve no idea the state of the ins and outs and when they’re due to hit accounts

          • Vincent Gigante

            Yet you imply that you are quite knowledgeable in this field when in fact you know absolutely nothing.
            Goodnight.

          • Ben Jones

            I’ve no idea when payments hit the accounts or how much the clubs current balance is , no , and I’ve never pretended I did

          • drc74

            BENDA’S, BACK AGAIN, BOBBIE DE BOOP FRESH FROM GETTING A PEARL KNECKLACE FROM DADDY

          • Toon Andy

            Did you watch the game tonight? If you are a fan and not a troll like you claim you will have and you can describe in detail your analysis of it.

          • Ben Jones

            Didn’t watch the game mate, if I’d have known that it was the qualifier for being a fan then of course I would have

          • Toon Andy

            It seems odd that you’re such a fan that you comment obsessively on this site but then don’t bother to watch our matches.
            There have only been a couple of them broadcast in the last few months, yet you don’t tune in? What about Porto?

          • Ben Jones

            Nope,

            Mate these are your qualifiers to be a fan not mine, I’m sure there’s people you agree with who didn’t watch them also, what will you say to them?

          • Toon Andy

            You don’t have to watch them of course, just seems like it backs up the troll tag.
            Just can’t get my head around obsession with this site but no interest in watching ours matches.
            Each to their own, have fun typing away.

          • Ben Jones

            Mate I’ve posted on this site probably 20 days in the last 20 years, don’t talk to me about obsession, idiot

          • Jimblag23

            Obsessed.

      • Mirandinha9

        After tonight’s display, do you still have the conviction that your hero is running the club in a productive manner?

        • Ben Jones

          Why, if we won 4-0 would you have changed your mind?

          • Mirandinha9

            Cashley’s sides never win 4-0. Mediocrity rules, the quality of the club is akin to the quality of the trainers i’d probably get if I ever lost my mind and decided to by a piece of tat in Sports Direct. Keegan, showed exactly what your hero is all about.

          • Ben Jones

            Sambas £10 cheaper than other retailers, cannit gan wrong man

          • Mirandinha9

            They are an Adidas make yeah?

            Adidas – ‘All day I dream about sport’. I’m going to produce a trainer to rival them, called adidacgbtwhcf – ‘All day I dream about Cashley going back to where he came from’. Actually, I find the Mag’s posts very positive at the moment, there is no depression, only positivity in the sense that the fans are finally becoming galvanised and will create a whirlwind against the regime. Cashley didn’t like the Rangers experience and he’s now going to receive the same reception from a set of fans who are finally waking up to him, albeit, it’s took 11 years.

          • KRS1

            Excellent attempt at colloquial geordie there, very authentic

          • Ben Jones

            Divvent na aboot that like

      • KRS1

        How’s that imaginery wife of yours.

        • Ben Jones

          I’d imagine she’s feeling very content with her choice of partner

          • KRS1

            That will be the milk man then.

          • Ben Jones

            Mate, if I’m gonna imagine a wife she’s gonna be faithful and happy and not whiney like you lot, gimme some credit

          • KRS1

            But deep down you know you are a proper wan*er. Deep down you know that even your imaginery wife would see you for the sick individual you are.

          • Ben Jones

            Oh I’d imagine she would never work it out

          • drc74

            BENDA’S BACK AGAIN, COMON WE ALL KNOW ITS YOUR DAD IN A WIG

    • paul mclaughlan

      Doubt you’d find a decent pair in that shop of tat.

  • Toontaff

    2-0, but according to Sky should be more!

    • Soldier

      i think well be in deep trouble this season

      • Toontaff

        4-0!

        • Soldier

          got an awful feeling about the coming season

  • NUFCLX

    Thank god that was only pre-season, we were really bad tonight in every department

    • Soldier

      imagine what it`s going to be like against premiership teams with that squad

      • NUFCLX

        Maybe that is a good thing. I can feel the tide changing with the formation of the Magpie Group. Like they say Fatman is only 1 man, we are a City United. I still go but if they say boycott I will boycott because that is actual fans doing something about the FCB just like back in the days of the STB.

        • Soldier

          i`ve got a season ticket & drive up from York every home game, i`ll walk out during the Spurs game if everybody else does

          • NUFCLX

            That’s what we need, then take the protest outside the ground. Slag Fatman and Tat Direct and get the media coverage. I would love to see a mass protest against him and Tat Direct the game before the Tat Direct AGM and let Fatman answer to his shareholders about the bad PR.
            Keep the faith, we will get rid eventually.

  • glassjawsh-got-banned

    jesus crackers christ, we look horrible. I’ve seen better displays from my local MLS side…

  • Dont stop bobbi fleckman

    Sorry Dean but that is 1,125 words of utter ignorance of football finance and in particular NUFC.

    • drc74

      u see dean its likec when u try to sell your housr, BLAH, BLAH, BLAH FXCKING BLAH,

    • Toon Andy

      You’re not fooling anyone. There isn’t a sane person alive that goes on the internet and comments multiple times every single day in order to support a billionaire business owner.
      Eeeeeeveryone knows you’re just a troll spouting stuff to wind people up and gain attention.

      Do everyone, but mainly yourself, a favour and just stop and in the process…GET A LIFE.

    • TheFatController

      So we aren’t -£25m after Muto goes through?

      We, yes we are. Perhaps stop generalising and you might sound less like an over-emotional out of control troll.

  • Brent Jackson

    A mass walk out during Spurs, It’s time the Fat parasite had final notice served on him by the Geordie nation..It’s time to reclaim some pride and wake the tribe.

  • Down Under Mag

    Would everyone take Ashley pocketing the money, paying off the debt the club owes him and dropping down again so we can get a sensible price for the club and finally have it sold?

    I suspect the problem with that would be Ashley will no doubt want to have a punt on coming straight back up (and god help us all if he managed that because that would be it for life). He will also probably grind the club into the ground even more just for good measure before finally leaving us in such a hole we will probably never recover!

    • TheFatController

      The championship clubs that have new ownership would prevent us coming up easily.

      It’s going to be tough for anyone to get up from the championship now, some investors clearly want what Brighton, Huddersfield Bournemouth have.

      Ashley wants it too, but he has it, but also he’s the only owner incapable of investing some of himself personally into his club. Probably because he’s sociopathic bitter fat kid with unresolved issues that he displaces through the feverish pursuit of making money from companies and people in trouble or easily preyed on.