The media seems to be full of talking heads leaping to the defence of our poor embattled owner, Mike Ashley, who isn’t really doing a lot wrong, if you believe what they are saying.

Those backing the fans point of view are few and far between, for every Alan Shearer and Micky Quinn there is an Andy Gray and Richard Keys, for every Rob Lee there is a Dennis Wise and Sam Allardyce, even our simple Shola seems to have fallen for the greasy charms of poor old Mike.

So what is the gist of what is being said?

What are these incredible points being made by a motley crew of agitators and former employees?

Let’s break them down and probe their validity…….

‘Newcastle finished comfortably in tenth place last season, so clearly Rafa did have enough money to spend last year.’

Well, this is a very disingenuous point as we were in a relegation scrap up until five weeks before the end of the season, even dropping into the relegation zone just before Christmas. So let’s not kid ourselves about the miraculous tenth place finish shall we?

Last season was a slog, a battle that we often looked like losing, and the fact that we didn’t lose it is more to do with the tactical astuteness of Rafa and his refusal to bend to the will of the press and sections of the support, than the paltry sums allowed for “team rebuilding” throughout the previous summer. We can also be thankful that other teams actually turned out to be worse than us, though not by much, and the fact that we were VERY lucky with injuries. A luck which has deserted us so far this season.

‘The amount of money spent is irrelevant if you are still strengthening the team.’

On the surface this is a tough one to argue against, but whether we have actually strengthened the squad is very debatable, and will only really be seen as the season progresses. However, strengthening a small amount when your direct competitors have strengthened a lot, is a recipe for disaster.

The honest answer here is that nobody knows exactly how strong we are in relation to our competitors. Their expensive signings may turn out to be duds, and Muto and Rondon could end up being a very prolific partnership, but you just can’t see it turning out that way can you? In football you do generally get what you have paid for, bargains are few and far between and for every named success there are 20 failures.

The other side of this is the message it sends out to the rest of the footballing world, to our fans and to our players as well as the manager. That message is that Newcastle United have no ambition to compete, the ambition is to maintain the status quo on a tight budget and try and turn a profit from our transfer dealings. The message is that profit comes above ambition at Newcastle United.

‘What’s the problem, Rafa signed seven players whom he clearly wanted as he signed them.’

What a simplistic way to look at the transfer window. If you needed a shovel to dig a hole, you had found the shovel you wanted and you knew that you could easily afford said shovel, so you tell your wife that you want to buy the shovel. Then your wife tells you that you can only buy a spoon to dig your hole and you can’t expect your bank balance to allow you to hire the JCB like your neighbours down the road, would you be happy?

You didn’t ask for a JCB, you didn’t expect a JCB, you wanted a shovel. Sure you can (in theory) dig the same hole with the spoon but it’s going to take a lot more effort and you might bend the spoon because it is cheap. This is how Newcastle go about buying players under Mike Ashley…and Joselu is a spoon.

‘Credit to Mike, he’s got the club financially stable.’

Utter garbage. The debt, not that there is one, has increased to £144m under this financial genius. Twice we have been relegated through this incompetent buffoon giving “jobs for the boys” away to his mates like Wise, Jiminez, Kinnear, Llambias and McClaren, and twice he has fabricated a debt that the club (himself) has to pay back for his ‘generous’ loans to cover the cost of his own idiocy.

I am sure that there are more ridiculous excuses in the “Mike Ashley Defence” play book but these seem to be the ones trotted out most often by certain media personalities.

I get that they are there to agitate and provoke debate, I spend enough time listening to that absolute plank Adrian Durham on Talksport to realise that they are there to simply get a reaction. The difference now though is that this isn’t a simple defence of the indefensible, it is a media counter attack on the protests and pressure which fans are applying to the owner, they are a sure fire sign that we are getting to him.

What we need to do now is keep that pressure on, keep those protest and online blockades going of S****s Direct and his associates, make life uncomfortable for him as he has for us all these years. It is a war and all these spurious claims from the talking heads are simply propaganda from no marks and has-beens/stooges in the pocket of the workhouse boss, and they are running scared.

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  • Kenny

    Bishop has lined up the vermin to back up the chief rat, fat Mick.

  • Carverlier football

    I love a good analogy – good work with the spoon / shovel one! I had thought of an analogy about why it’s ridiculous that we should be grateful for the £144m debt but it’s not quite as pithy…

  • Rabid Dog

    I’ve always thought that the whole finishing 10th is a total red herring anyhow. Drop 11 points we would have been relegated, gain 11 we would have come 7th. The 10th could have easily been 12th if not for goal difference, kinda proving the defensive policy deployed by Rafa against Citeh and the likes at home was prudent.

    Sure we finished 10th, but analysing your actual success vs your peers looking at the points achieved tell a different story.

  • X,WHY,Y MAN.

    Oh what short memories the media have !
    Like the author of the article mentions, At Xmas last year it was looking bleak with everyone tipping Newcastle to be relegated.
    It was touch and go until the last few weeks of the season with even Rafa saying lets see where we finish now we have secured our top flight status.

    It just goes to show you though how people can be manipulated through the mainstream media.
    Mike Ashley steps forward and buys HOF, Now all of a sudden he is knight in shining armour with people coming out of the woodwork to praise him.
    This was not the consensus a couple of months back with everyone being critical of his ownership of Newcastle.

    He now finds himself a hero because of his purchase of what equates to a “National Treasure”, But I guarantee that will not last long after what he turns HOF into !
    What will members of parliament, The media etc think when a once great institution turns into a cheap and tacky version of it’s former self ?
    Items lying on the floor, Youngster employees on zero hour contracts, 70% off tags festooned everywhere.
    A name that had a bit of class is going to be reduced to a laughing stock when it would have been kinder to let it reach it’s demise with a modicum of dignity
    It will now become another Zombie in the empire of filth which is Ashley’s portfolio !

    • Jezza

      My gripe is that the department shop takeover was entirely funded by money taken out of Newcastle United and that our playing squad was wilfully weakened to help generate that money.

      • Leazes.

        Well United’s money from Sky is held in MASH…. and yes that’s the account he uses to buy things….. These Journalists should be praising Sky TV for the bailout!

    • ghostrider

      Some massive bitterness right there in your mind.

      • X,WHY,Y MAN.

        No bitterness, Just the truth of what will now happen to HOF.

        • ghostrider

          What will happen to HoF?
          Because the way i see it is, no matter what it sells it will do so to people who can afford and it will also employ a lot of people who would have otherwise been looking for other jobs that are scarce to start with.

          If anyone else had bought it it would have been good on them, even if it was poundland Pete or ten penny Toby.

          Like I said: Bitterness eats away at some people.

          • X,WHY,Y MAN.

            So has Ashley not cheapened the brand of every company he has taken over ?
            Bitterness, What are you talking about ?

          • ghostrider

            Cheapened the brand?
            If you want to argue about brands then take off all your gear and sort out all your gear. Line it up and find out where it’s all made and then tell me about cheapening.

  • magpiefifer

    Good piece Megatron.
    I have one question to ask Ashley’s defenders – what is their explanation of the owner promising Rafa every penny generated,when the club have made a transfer profit (not for the first time!) of £22m+!!?

    • Your mum

      Rafa gets every penny of profit that the club makes. the £22m you quote is paid in instalments, so it’s not in the bank yet. I’m not a ashley supporter by any means, it’s the way the wording has been portrayed and twisted, it makes people think Rafa has £120m of tv money to spend but in reality Rafa gets the bits that are left after all expenses, which isn’t as much as people think.

      • Kenny

        and how the f##k do you know what is and isn`t in the bank

        • Your mum

          Because it’s in the company accounts Kenneth.

          Yes the instalments going in and out will apply, however we buy most players up front. i think there is £24m owed for our purchases.

          • Kenny

            a$$ hole

          • Your mum

            Unlucky Kenneth, it seems you have been found wanting again. Like friday and no no show when i offered to meet you? Still, you’re a top class Keyboard warrior!

          • Kenny

            scummy

          • Your mum

            New word? i like it!

          • Brent Jackson

            The company accounts eh Kenny? ‘Once upon a time…’

      • magpiefifer

        Instalments apply to both buying and selling – so it applies both ways.

      • Carverlier football

        But we will also have received the latest installment for every player sold in the last 4 years. Add them all up and it’s quite a lot, at least £30m probably more. That’s why the installment argument to plead poverty is basically a load of old expletive deleted

        • Your mum

          Yes, but we also made a £90m loss before tax in out EFL season.

          • Kenny

            no we didn`t more 💩 from the nonce

          • Your mum

            Yes we did £90m before tax, £49m after tax.

          • toonsteve

            NUFC has losses brought forward and does not pay corporation tax. Current rate of corporation tax is 19%. (was 20% in 2016/17)

          • Carverlier football

            At the end of which we were about £12m in overdraft. If you add up all of the cash flows since then I’d estimate we currently have a minimum £75m cash at bank right now, not including season tickets which we’ll theoretically put towards this year’s costs along with a proportion of the coming year’s tv money. And that’s without spending the surplus tv money in advance like some teams…

      • TheFatController

        I think it’s not -£23m. Am I right?

    • Leazes.

      Don’t ask him for gods sake…. he doesn’t believe what he writes, thats a troll not a rational person…. he can twist anything and has done for a decade, it attention seeking and you are feeding it.

    • ghostrider

      Is the season over?

      • magpiefifer

        Let’s hope not!!!!!

        • Danimal

          Then again, we are 15th in the table, two places above target.

      • Brent Jackson

        No but you are, over the limit having had a shandy bought by the fat tic you apologise for to get saddo attention.

        • ghostrider

          Why are you giving me attention?

  • Jordi

    Rafa did not get the players he wanted, not first, second or even third choice. Bargain basement shopping. On The TV on Monday night Rafa said, ‘We have strengthened the squad’, he did NOT say the team, That says it all other teams by players to improve the team, we don’t.

  • Leazes.

    Good article.

    How can these people not know the full story of the Ashley years?

    Is it because of that initial agglomeration of the finances sold the LIE of a debt in the first place which our ‘local’ Journalists bought into…..

    ….It was always known that the London press would ring up the Chronicle for information on the stories they were running, and Douglas and Ryder would give them the hammer to hit us with, they had accepted that a bill for a stadium rebuild was a ‘debt’ without question.

    Yesterday I put up a list showing the Premiership clubs debt at the time of the Ashley takeover….. We were not at all in any shape or form struggling with anything. We had a larger Stadium with more customers than most other clubs and they had wracked up bigger bills by buying players not a stadium.

    All clubs bought players by installments and borrowing, and anyone who has played football manager knows the way football is run.

    The Lie from Ashley’s and refusal to accept the Stadium as part of the purchase, meant he saw it as an extraneous debt and he held the club responsible for his so called lack of due diligence…. he used this to manipulate journalists for the asset strip which was yo follow.

    You cant blame London journalists for wanting a downsized United…we’d taken a Euro place from one of their clubs and they didn’t like it….

    …the real villains are Douglas and Ryder, who we needed to put the real story of the hatchet job to the wider press…..they have betrayed United and the consequence is a club who is now ridiculed by the owner of Crystal bloody Palace.

  • Hughie_Gallacher

    The role of simple class politics plays a more prominent role than most realise in these statements of sympathy with Ashley.
    Simon Jordan, for example, as a child of Thatcher, will always feel a greater affinity with ruthless money-grabbers like Ashley than to the protesting fans on Saturday, who he no doubt regards as uncouth, working-class Geordie oiks.

    • Your mum

      Without defending the likes of Jordan who is a grade A tool. He will understand the intricacies of running a football club, the average fan won’t, it’s a business first and foremost, if it doesn’t pay it’s bills there won’t be a club to support.

      • SuperDesHamilton

        Under Simon Jordan Crystal Palace almost didn’t have a club to support

        • Kenny

          he`s a nonce

          • SuperDesHamilton

            Better than I could of put it like 😂

      • Mack Edwards

        NUFC does pay its bills, look at the revenue generated. Odious owner syphons off said revenue and tries to present lies as facts.
        As a side point are you implying that Cashley “understands the intricacies of running a football club” – don’t make me laugh!

        • Your mum

          I know we pay our bills, which is why we don’t have a huge amount of cash floating about for transfers.
          Ashley knows how to run a business, NUFC has never really mattered to him in the grand scheme of things, free/cheap advertising and it just needs to keep ticking over in the PL.

          • Kenny

            he knows how to fleece the working class, so f##k off with the shyte you spin, vermin

          • Your mum

            What money has he taken from you that you didn’t want him to have?

      • TheFatController

        We only fail to cover outgoings (bills) when relegated.

        Less Joe Kinnear, more Rafa, might be a simple financial strategy therefore

        • Your mum

          I totally agree, we only make a loss when out the PL, but the season before we only made £0.9m, Granted, Schteeve was backed handsomely in the window.

          • TheFatController

            Those signings did pay towrds the relegation in fairness with the Wijnaldum and mitro £20m profit.

            Not really the best way to run a club though!

      • Kenny

        💩💩💩💩💩💩💩💩💩

        • Your mum

          Back to your usual level of intellect i see.

    • Leazes.

      As a club we’d always been run by elitist individuals without regard for the prime purpose of a ‘football club’ to win things, to have ambition….. with Hall it was temporary benefaction which gave way to greed and self aggrandisation….

      I’ve said before its never truly been a ‘peoples club’ since the Edwardian days when it was also a multi sporting community venture (Hall tried to replicate it and took his eye of the ball) It is the peoples clubs who grow and prosper, Manure, Liverpool, Celtic, Barca, Dynamo…etc

      When you surround the club with conservative writers who protect a stagnant or malevolent ownership its a recipe for relegation. This club is swamped with conservative writers…. even the Mag’s incumbent whoever is behind Porter, Smithfield and the other nom de plumes, its a case of writing page fillers commenting on how far the disease has progressed and leaping with joy as a new sticking plaster is applied over a festering wound!

      • Hughie_Gallacher

        And that conservatism has filtered down to the more weak minded working-class types, who really should be natural enemies of Ashley. Witness the poor morons who get on Total Sport claiming that he has stabilised the club and that we should be grateful to him.

        • Leazes.

          Did you see the chronicles webcast of fans after the game?

          One bloke gave a smile and said ‘we’ll be fine….we just need Rafa to play the midfield a bit deeper’…..

          What!….deeper than a Bus! where the home side averages 33% possession….. there are some wooly minded people about!

        • Billmag

          They are vettered before they are allowed to speak, hand picked if you like.

      • Brent Jackson

        Well said, those peoples clubs haven’t got a fat sociopathic tic attached tho’ have they..still, throw some accounts bollix about you trolls and enjoy your 30 pieces of silver.

  • Monkseaton Magpies

    So much wrong with the article the first one saying there is no debt. When Ashley took over the Current Assets were £8.6m and for those who do not understand accounts Newcastle United Football Club were owed this money. The liabilities which the club owed to various parties including loans as high as 11%, Bank overdrafts, money owed for players was a staggering £156.9m leaving a net debt of £148.3m. Now these are Hall and Shepherds final accounts not Ashley’s. You say profit is more important than buying players again rubbish. The true loss for the last set of Accounts was £46m ( not £90m or £20m) Last year we spent in the region of £60m on players and loans this year less. The last two sets of accounts show no money in the bank.
    As Ashley wants to sell the club this is how he runs it at more a less what comes in what goes out. We have a very good team a bit short of cover in two positions for me but not the end of the world. We will give anyone a good game as shown on Saturday.

    • Geordie1

      Monkseaton did you attend DIVVY School?

    • Kenny

      that`ll be right, you the vermin`s accountant, are you

      • Billmag

        Seems to be a bit of Fleckman oozing out of his post.

        • Kenny

          they all have the same patter

        • Monkseaton Magpies

          Not really I get the accounts and speak the truth and will defend the club from the likes of Dean and Jonathon not sure who is the most evil of the two.

    • TheFatController

      You always mention money owing on transfers but never owed when you given the finances snapshot in 2007.

      Why would you not mention money owed ?

      Why do you not mention that, unlike the debt Ashley accumulated, the loans with interest were used to give us 15k extra seats every game.

      So 15k more people see the games now, and they pay the club £5-£10m annually for the foreseeable – which might just cover the cost of the build once the loan is paid off.

      You do need stadium expansion in the modern game. Just to get young kids in so you have a future fan base. What price a future fan base Mugpie?

      It must melt apologists brains to hear things mentioned like ‘the future fan base being able to see games now’

      Like Ashley cares if there is a next generation of fans. Not addressing the club’s Future is the least mentioned but biggest crime Ashley makes.

      • Kenny

        that nutter`s your pet troll

        • TheFatController

          Pets shouldn’t be kept in confined spaces.

          Like, say, a lift.

      • Monkseaton Magpies

        I have eight million was owed to us in 2007 for a variety of reasons.
        To be fair he did give us the ten year deal and expanded the family enclosure . However I was not happy at all with the price increases this year and have written a letter to various parties.

        • TheFatController

          The pen is mightier than the sword, as they say…

        • Dont stop bobbi fleckman

          Eight million? I have six: £2,847,000 in transfers due to us and £2,979,000 in prepayments and accrued income/

          • KRS1

            This is all well and good Bobbi, but you were expecting a net spend in this window – we were nowhere near that. Does that not disapoint you? There was money to spend so why wasn’t it spent?

          • Dont stop bobbi fleckman

            Does that not disappoint me? Yes. I’ve lost £35!!

            Does it disappoint me that we haven’t spent money, no.

            I’d have been disappointing had we not got a strong, fast centre forward. I’d have been disappointed that we didn’t get a goalie or a left sided mf/winger.

            I hadn’t countered on the need for a centre half, centre midfielder and forward but we got those too.

            I said at the start of the window that I’d have liked a better right full back as I don’t rate Yedlin. So, yes, I’m disappointed but that seemed to be the least important issue for many.

          • Monkseaton Magpies

            Quite interesting that as when I brought up the accounts again showed different figures which were yours but now gone back in Companies House ref 31014 and shows £8.7m money from group undertakings being the difference not that it matters still a massive liability.

          • Dont stop bobbi fleckman

            Company number 02529667 gives the overall picture. I agree, in the scheme of things, £3m is not important, it was still way short of what was owed.

      • Dont stop bobbi fleckman

        It’s me who usually makes that point, not Monkmag. i’m sure I’ve given both figures before but here goes:

        I think monkseaton’ had a mistype, we owed just over £50m in unpaid transfers, we were owed £2,847,000.

        You don’t need stadium expansion at all, Bournemouth make a profit on 12,000 spectators. For us, 52,000 is about right, we don’t sell out every game but we come close. To add more seats, given the unusual arrangement of the stadium means it simply is not viable to expand.

        • Danimal

          Now that they are at the top table, Bournemouth are going to build a bigger stadium because they recognise its importance, as explained by TFC, above. West Ham, Man City, Arsenal, Chelsea, Tottenham, Everton, Liverpool and others recognise it too.

          • Dont stop bobbi fleckman

            12,000 is obviously very low, however, a club can trade nicely without much coming through the turnstyle. THe BBC reported today that 1/2 the clubs don’t need spectators at all.

            When it comes to NUFC, 52,000 is about right. We know it’s disproportionately expensive to increase capacity vs increased revenue beyond the current capacity.

            If you look at the capacity of the Gallowgate vs Leazes (don’t include the corners), there are only 2,800 or so more seats in the Leazes.

            If the cost is over £100m, the payback take a long time and the Gallowgate seats are the least attractive. So, if we charged £20 a seat for 20 home games that would take 90 years to repay at full capacity. Given there have always been seats available in the top of the Gallowgate for all but the big games, it’s not a goer.

    • Brian Standen

      So. The TV money for last season and the prize money for finishing 10th – where does that sit in the accounts?

      That’s the bit most of us don’t get!

      • Kenny

        King rat has that

      • Wor Lass

        Did he not explain that to you in the Three Bulls on Saturday, Brian?

      • Dont stop bobbi fleckman

        as we saw from last week’s bonus row, the majority of the TV merit money went in player bonuses.

        The income goes in the bank account, it’s then paid out as wages and other costs. Our wage bill is around £90 – £100m, it leaves around a £20m surplus for 2018, now that may be keeping the powder dry for 2018/19 but we’ve added wages of around £15m a year in acquisitions this summer. OK, we have let some go but that money is soon used up.

        • Ashley-out

          no it doesn`t

          • Dont stop bobbi fleckman

            Doesn’t what?

  • Peaky

    Fatboy ginger back in those days I see….and what thefuck is he wearing…..a marquee…..

    • Kenny

      it`s not Gant

  • SuperDesHamilton

    We as a club are easy targets & they know our fans bite like mad, they want a reaction.

    Look at 1 of our fans on here, 10 years & he’s still biting against some fictitious brothers from Manchester

    But a really good article

  • ghostrider

    It’s pretty simple to grasp for any fan.
    We are a well run club that do not get sucked into the nonsensical world of overpriced transfers, if we can help it.

    We are also a club that tries to build on the squad we have to better it.
    That’s clear to see in many aspects.

    We are also a club that loses its targets at times because we won’t bow down to clubs who hike up prices…but we will ensure that any club trying to steal our better players will pay handsomely for them or they don’t get them.

    It’s clever business in this pathetic football world of greed and pamperedness.

    When excuses get made for us finishing 10th in it being because of Rafa managing to turn championship players into top 10 with no credit due anywhere else…it becomes silly.

    Now the very next season we add playing quality to the very same 10th finishing team/squad and it’s deemed bad. How weird.

    Also we get told we slogged our way through the league to finish 10th.
    Every team slogged through the league to finish where they all did.

    And to say it was a battle that we looked like losing in terms of finishing 10th. That’s too easy to say because we can equally say that 8th was a battle that we appeared to have every chance of winning.

    The reality was, most clubs struggled last season. The reality was, we were arguably better than most outside of the elite band.

    The only thing wrong with this club is the constant whining of certain fans who want to boycott or create mountains out of molehills when they think Ashley’s pocketed a penny or we haven’t spent more than we earn….or at the very least spending more on players in than we recoup by selling surplus one’s.

    The very same fans will boast down the high street and to anyone who will listen if we fill the team with West Ham like signings , even if it meant the club went into massive debt.
    They would be quiet for 5 minutes until it went teets up and we ended up struggling with players bought acting like a bunch of don’t give a sheet mercenaries….and the jury will then start up deliberating as to why Ashley allowed mercenaries to get 5 year contracts, leaving us with massive wage bills that we cannot rid.

    And the beauty of it all is, Ashley knows it and that is why he’s learned some massive harsh lessons.

    “But but…but, how can we compete if he won’t spend like the rest” I hear some say.
    We do compete but we cannot compete with the choreographed elites and until the powers that be allow us a small slice of the pretence of playing close to them, we will be better off creating our own league outside of the top 6.

    What does that mean?

    In a sort of stand fast type mindset, it means if we finish 7th we win our league of 14.
    Until the cheating stops and genuine fair play resumes, then the elites will have their own playground.

    • Kenny

      🤡

    • Bradley Sparkes

      What a load of tosh. You’re focusing on ‘ONE’ season, in which we finished 10th with the lowest number of points ever required to attain that spot. Those around us have strengthened considerably. Therefore, despite us strengthening (forgetting the potential for injuries which can, and indeed have, derail seasons) we have become ‘RELATIVELY’ weaker.

      It’s plain to see, that Newcastle United have an incredibly talented manager who has the potential to coach players into solid members of the squad. He finished 10th with little to spend and genuinely has the ‘POTENTIAL’ to win trophies. Ashley has stated this to now be his goal, even agreeing a £20 m bonus scheme for winning the FA Cup or League Cup, but he surely knows that this isn’t possible without improving the starting XI and depth of the squad (like a backup LB for example).

      What do you say about the two relegations and the debt that has arisen from these? What do you say about the maltreatment of Keegan, Shearer, Hughton, Gutierrez etc…? What do you say about the lies regarding “spending every penny” generated?

      • TheFatController

        I think Gordon strachan will have us improved on all that Rafa has achieved next season.

        I can’t wait.

      • Dont stop bobbi fleckman

        Maltreatment of Shearer? The terrible act of not paying him royalties for naming a bar after him 10 years after he stopped playing football.

        Highton was not badly treated, he just had his contract paid up. Jonas? should we have given him a contract just because he’d been ill?

        As for “spending every penny” generated, yes, that money seems to be available.

        • Kenny

          you really are a c ##t, aren`t you.

          • Dont stop bobbi fleckman

            They say you are what you eat.

        • Megatron1505

          Selective reasoning much?

          • Dont stop bobbi fleckman

            I missed the KK bit off as I agree, it was a massive error to lose KK

        • KRS1

          Bobbi, there are ways to deal with people, the treatment of Jonas lacked any form of compassion or class, which is symptomatic of this regime.

          • Dont stop bobbi fleckman

            I entirely agree, a bit of compassion or class would not have gone amiss.

            However, if reports are true, we were between a rock and a hard place. He didn’t deserve a new contract on his playing performances, yes, there appeared good reason for that but we don’t give players contracts worth £2-3m a year on sentimental grounds.

          • KRS1

            I wouldn’t haven’t been in favour of a new contract, but that doesn’t mean it couldn’t have been handled in a better way.

          • Dont stop bobbi fleckman

            We can agree on that. I think JC may have past caring by the time he imparted the news but that does not make it right.

      • ghostrider

        We haven’t become weaker at all.
        And finishing 10th with the lowest points for 10th ever is neither here nor there. We finished 10th and that’s that.
        As far as having a talented manager goes. Great stuff, let him show it with the players he brings in. He clearly said he’s happy with the players.

        A talented manager will make good players better and better players great.
        As for the relegations. A blessing in disguise in many aspects but also a massive gee up in terms of having a season of success on both occasions.

        Both exciting seasons that many fans loved and secretly welcomed rather than struggling in a league that is choreographed for the elite teams.

        As for Keegan, I have little time for him.
        Shearer is a legend but was out of his depth.
        Hughton was treated despicably and stayed a gentleman throughout and since. The man has my utmost respect.

        Gutierrez? I don’t know the ins and outs of it all other than what he says…but he seemed to have been treated fantastically well up until he was let go at the end of the season. Apparently via a phone call along with Ryan Taylor.
        Was that morally right?…..Not a chance but it is what it is and all clubs have players that don’t get the leaving red carpet treatment.

        • toonsteve

          Bookies have us odds on to finish in bottom half – the weight of money says we’re worse relative to our competitors than last year. Most fans are not happy that we appear to be going backwards relative to our competition (not the elite). You seem strangely content.

          • ghostrider

            Content?
            Nahhhh, it’s nothing to do with being content. It’s got a lot to do with being resigned to having to simply sit back and try and enjoy what we have, knowing that everything is choreographed to more or less keep us as also ran whilst the elites have a feast.

            I’d love more and I still believe we can get a bit more in terms of cup runs and even a potential Europa push.
            Whether that comes this season or next or in the next 10 years….I don’t really know. All I know is that at some stage the powers that be will allow us a 10 minute play among the elites before we’re kicked back to the ground once again.

            And no, it won’t be down to Ashley.

          • toonsteve

            Can t disagree with any of that. Interestingly, i believe the support for Ashley amongst the tv pundits is all part of the charade they portray that the premiership is a genuine competition. Bookies odds indicate that it s 4 to 1 on that the top six remain the same this year. If you build in their margin the real chance of the top 6 changing this year is about 15%. Barely a competition at all!

          • ghostrider

            Yep. We are all being taken for a ride.

    • The Newt

      I don’t agree with your points, but I do have one question i’d like to hear you answer.

      We made £130m+ from TV revenue last year. We just made a tidy £20m profit in the transfer window. Ignoring all the other revenue streams (Puma, ticket sales etc.), we have made a minimum £150m. The biggest outlay is wages, which in the championship were £70m. A lot of deadwood has left since then, and we signed a few players too. So it’s fair to say worst case scenario wages are £90m now, leaving give or take £60m profit for the year.

      This money is going somewhere… but not on players, the training ground, or paying off the debt to him.

      Question – Will you defend Ashley when we continue to make profits / small net spends in future transfer windows?

      • ghostrider

        Until you get 100% facts on the actual club bills from start to finish, only then will you know where incoming money goes and what is left.
        Remember money is taxed.
        Also remember that there’s more than just senior players, plus kit and facilities to pay for.
        From kids to adults and all accessories, all cost money.
        the maintenance of the entire ground and training facilities all cost money.
        Policing and stewards.
        Every other employee within and outside of the club require paying.
        It might seem like it’s trivial compared to players wages but it isn’t.
        It all adds up very quickly over a year.

        Just imagine one employee on an average wage. Let’s say 20,000 a year.
        Add up the amount of employees on that wage.
        Add in policing.
        Add in anything and everything that constitutes running Newcastle United football club.

        Now also ask yourself this.
        Even amid all of that, Mike Ashley is entitled to take a wage if he wants to.
        Look at the Man Utd directors and the millions a year they earn.
        Ashley could easily play that game if he wanted to….but does he?

        Now I don’t know the full amount of what comes in and goes out but neither do you….right?

        It just seems simple for some people to grab an incoming set of figures and crucify Ashley on what they feel he’s pocketing.

        People should never assume a room is dirty just by looking from outside in through a dirty old window.

        • The Newt

          okay you’ve picked out plenty of costs to support your position, that’s fine.

          I agree neither of us know 100% of the facts, so how can you be so certain in all your posts that Ashley is acting in the best interests of the club? Your argument is based on just as many hypothetical statements as anyone else, so why defend someone who may well be doing wrong?

          He has continually lied and treated people in a disgusting way, both his employees at Sports Direct and NUFC (Keegan won a legal case against him). Do you really believe, out of all his ventures, he changes his usual deplorable practices exclusively for NUFC?

          • ghostrider

            Ashley is acting in the best interests of himself but in doing so it coincides with his other interests which are his businesses…one of which is Newcastle United.

            No businessman is going to run his business any other way than to be viable.
            Because of this we still have a club.
            However, it’s not the club that a portion of fans want. They want more than we have at the minute.

            I know as well as you that Ashley could push the boat out again and go on a buying spree….but to achieve what?

            A better run at the FA cup and a few quid back for the large outlay?
            A champions league spot that out does 3 of the 6 elite who would have to give up spending?

            Ashley is not silly. He’s shrew as it stands.
            He tried all kinds of ways to nudge in and got badly burned and scorned and hated with extra bile and spew added in for good measure.

            His goal is to keep the club viable. Do what’s required and hope it’s enough.

            Place this club in London with our fan base and we would be taken over by a Sheikh or some money bag owner willing to bankroll us into the elite or into oblivion.
            Most likely we would become an elite….but a plastic club to go with that.

            Give me an owner at the postcode NE14ST who is better than Ashley and can run this club better than Ashley for the long term (not a 5 minute bankroll) and I’ll do cartwheels around the streets…and most likely cripple myself….but so what.

            Because until that happens we have an owner who is doing a job of keeping this club as a club and a good working club at that, that goes cap in hand to nobody and is not intimidated by the elites in terms of cheaply picking our players for a bag of peanuts.

          • Wezza

            Very good point mate.
            It isn’t a question of does he, an answer of he DOES pocket millions from us.
            Fleckman is a troll by the way, exposed as one of the Lee brothers who are Man U fans!

      • Dont stop bobbi fleckman

        The ‘profit’ in the player trading is spread over a few years. We made £125m in TV revenue but £12-14m of the ‘merit’ money went on player bonuses.

      • Wezza

        I put the wage bill at 50M. Lowest for some time!

    • Danimal

      You should have moved “what does that mean” to the very end of your post. In fact, it would fit nicely at the end of most of your posts, especially the long, stream of consciousness epics like the above.

      • ghostrider

        Feel free to jumble all of it up to suit your reading style.
        I’ve set it out how I see fit. It’s down to you and others to decide how you deal with it.

        • KRS1

          We ignore it

          • ghostrider

            Clearly not.

      • Kneebotherm8

        Boring long winded tripe innit?……..

  • Billmag

    Good post Mega.

  • toonterrier

    What they should have said and the majority of us would agree with is that he’s a Friend of Chumpley and Bishop.

  • Dont stop bobbi fleckman

    “. The debt, not that there is one, has increased to £144m under this financial genius. ”

    Well there’s a statement

    • Kenny

      something stinks around here 😷, could be a mountain of 💩

    • Brian Standen

      Do the accounts not show NUFC as owing £144,million?

      • Dont stop bobbi fleckman

        They do, it was the contradiction between the first part of the sentence and the second.

        • Brian Standen

          I think it was a touch of sarcasm – the debt is to Ashley though !

          But the club should have just received TV money and prize money!

          Plus profit on transfers

          You could half the debt and still spend £70 million on players

          Simple maths I know but I’m no financial expert

          • Your mum

            What about the other costs? £100m+ in wages etc

          • Kenny

            another c ##t 🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡
            Vermin

          • mactoon

            That’s what I put in my reply. It’s a lot more complicated than just saying we have £123m so let’s spend it on players

          • Brian Standen

            See above

          • Your mum

            but that’ not the whole story, or are you referring to the sarcasm?

          • mactoon

            Bear in mind that most of the clubs income (including any annual TV money) is spent in paying players wages and day to day running of the club so the figures you quote are simply not available to spend on reducing debt or buying players. Profit and loss over the last few years (from the Swiss Ramble twitter)

            2014 +£19m
            2015 +£36m
            2016 +£4
            2017 – £47m (loss)

            and the player wage bill takes up the majority of the income. (From club accounts):

            2016 59% of income
            2017 101% of income
            (reported as due to high wages and less TV money in the Championship))

            Even money coming in from player sales will be paid over a period of years so even though we may have sold £45m of players, the first instalments may only add up to £9m (just an example)

          • Dont stop bobbi fleckman

            Not often you do my work for me but a good summary.

            Look at the player additions in 2017-18 & this summer, wages is where the money goes.

            Player bonuses last season, according to the reported structure (which players wanted to repeated in 2018/19) were £12-£14m + employer’s NI.

          • Brian Standen

            Fair comment indeed but see my response above about other clubs going bankrupt and FFP

          • Dont stop bobbi fleckman

            Money comes in in instalments, now a lump sum.

            Last season our wage cost would be around £90-£100m. A rough count is that the new additions have added £10m-£15m to that cost. We also have the usual overheads. There is no spare £70m for players.

          • Danimal

            Have the dozen or so departures not reduced the wage bill at all? We seem to be the only club in the world that continues to pay players after they’ve left.

          • Dont stop bobbi fleckman

            We’ve saved some of the wage bill, Mitrovic obviously took a wage and a transfer fee whilst Colback appears to still cost us.

          • Brian Standen

            So all other clubs with less income than ours should break FFP AND go bankrupt within 2 years?

          • mactoon

            Not sure I understand your point but it is up to other clubs if they want to take that risk, Ashley isn’t. An example of the severity of penalty is QPR who have just been fined £40m for breaching the FFP rules.

            The wage bill can only go up by a certain percentage which directly affects the transfers coming in and a club can only make a certain amount of financial loss. Ashley is trying to make it self sufficient and one knock on effect of that is abiding by the FFP rules.

          • Dont stop bobbi fleckman

            No, FFP only comes in at 81m so teams like Brighton, Hudds etc are well under that.

            Theoretically, any club without finance and making a loss will go ‘pop’. Bournemouth made a profit on 12,000 fans but their wage bill was far lower than ours. Clubs that have been established in the EPL tend to have big wages and big problems if relegated.

          • Brian Standen

            So how do Bournemouth outspend is. Higher costing players surely have higher salaries

          • mactoon

            Because they are willing to spend money the club hasn’t banked yet, Ashley will only spend money the club has

          • Dont stop bobbi fleckman

            They had a lower starting point. They haven’t got any ‘wasted’ salaries as they have only ever bought players for the premier league push. There is no legacy of bad buys or players that don’t fit in with the manager as they’ve only had one manager when pushing up the leagues.

            It’s a little like Blackburn 25 yrs ago. It’s easier to start from scratch with a fresh manager and enough millions to build a side vs build on a side build by 5 managers in 7 years and struggling.

          • Wezza

            Yes I make it one of the lowest wage bills for quite some time for us. The trolls will claim it is 80M – not even close.

          • Ron

            LC hasn’t got the hang of P45’s so he just keeps them on the books. It’s much easier and they never complain.

        • Tweed Mag

          Contradiction. It should be your middle name.

          • Megatron1505

            Sorry, I should have said “debt” as it only exists on a balance sheet and in the mind of Mike Ashley. Anywhere else it would be a cost of doing business……very badly.

          • Dont stop bobbi fleckman

            OK, in 2007 the club had external debts of over £150m.

            In 2008, the club had lost another £20m and external debts fell to £40m with the debt to Mike Ashley at £130m.

            can you not see how this has come about? The external debt has been largely taken on by MA along with financing the ongoing losses.

          • Megatron1505

            There is no debt, there was a repayment on the stadium which would now have been paid off (2 years ago) due to increased TV revenue.

            The other “loans” are the cost of two relegations brought about by employing his idiot friends to run a multi million pound business.

            Like I said, cost of doing business very badly, not debt.

          • Dont stop bobbi fleckman

            Given that none of the debt was repaid from 1999 – 2007 and by 2007, the club were losing £33m a year, I can’t see how, without a major strategy change beyond that imposed by Mike Ashley, how the debt would be repaid. The longest dated bond was to end 2 years ago, debt would have been rolled over at best.

            The relegation cost us about £2m, the loss in 2010 was only £2m more than 2009. £5m of the 2009-10 loan paid the VAT case, it was likely that MA was going to have to finance the club for the year in any case.

          • Megatron1505

            Given that there were at least 6 top flight clubs with greater debt than ours at the time, and that our income was equal to or greater than half of those clubs at that time, how do you think our “debt” has grown and their has not? Hazard a guess.

          • Dont stop bobbi fleckman

            We were losing more money than them. we were running losses of £33m a year.

          • Megatron1505

            Funny, all I can find is one year where we ran at a loss of £31m, not the £33m every year that you claim.

            However, income was good and growing and (most importantly) guaranteed under the TV contract, so any debt on the ground was more than serviceable and being paid.

            Also, this was 11 years ago and income has grown year on year for Premier League teams since. Not quite the shambles picture which you paint but it is the truth.

            In recent (Ashley) years we have only recorded a loss after relegation, again brought about by “jobs for the boys”.

            We go round in circles with this, what you say is spurious nonsense at best so i’m going to return you to the blocked list. Keep the bet money to service your debt 👍

          • Dont stop bobbi fleckman

            2007 had a loss of £32,892,000, i rounded up to £33m. The losses were not easy to reverse as they were caused primarily by wages.

            Debt was serviced in that the interest was paid, the debt was not being repaid and the net assets were falling.

            We continued to lose money until 2010-11 where the wages were bought under control and back in the EPL.

          • Ron

            That doesn’t equate to £33m a year though and that was 11 years ago!

          • Dont stop bobbi fleckman

            The point was that the situation Mike Ashley inherited was a business running an overspend of £33m. That needed addressing.

          • Ron

            But only once not every year

          • Dont stop bobbi fleckman

            No, he arrested some of the losses, in part by removing £9m of interest charges and over time, took control of wages.

          • Ron

            And got all the advertising for free, nice one if you can do it.

          • Dont stop bobbi fleckman

            Which is worth what? £2m a year, £3m perhaps now.

          • Megatron1505

            Honestly mate, don’t fall for this trolls “financial expert” impersonation. None of his arguments hold up to the slightest scrutiny and he consistently fails to explain how no other Premier League club operates under the same financial restrictions as Newcastle United.

            Fact is that we don’t compete by choice of the owner. He starves and restricts revenue streams for his own benefit and uses the club exactly as he told John Hall, as an advertising vehicle for his tat shop.

          • Ron

            I have to agree he won’t even agree with what he wrote so I give up.

          • Ron

            So you were wrong it wasn’t every year.

          • Dont stop bobbi fleckman

            At the time of taking over, the loss was running at £33m. It would be strange to run exactly the same profit / loss every year but clearly there were big problems at the time.

          • Ron

            I thought it was strange but it was you that said it was £33m a year. So thanks for agreeing with me any saying you were wrong.

          • Dont stop bobbi fleckman

            I said we were running a £33m loss a year, we were. Obviously, that had to change as mike Ashley would have been throwing money at the club perpetually.

            The loss was reduced to £20m in 2008, partly due to saving some wages and saving the interest costs of borrowing.

            Again, wages were reduced in 2009 to lose £17m , then £19m in 2010 with just a championship income but a slashed wage bill. The benefit of the lashed wage bill meant in 2011, the club turned a profit.

          • Megatron1505

            Also explain to me how a club who has made a transfer profit over the last 22 transfer windows (averaged) cannot match the spending power of clubs who have just been promoted?

            You talk about our wage bill being so much higher, how much do you think Brighton, Fulham, Wolves or Huddersfield’s wage bill has risen in the last 24 months compared to ours?

            How much do you think their turn over has grown or measures in comparison to ours?

            Why can this football club not support the manager financially in the transfer market but these other clubs can?

            I’ll wait for your answers…..

          • Ron

            ………and we’ve sold or shown the door to dead wood top earners – it’s like icing on the cake.

        • Danimal

          Yes, it was a funny way of putting it. Maybe “not that there should be one”, as it has been manufactured by Ashley and seemingly permanently parked on the club as a deterrent to any potential buyers (and a convenient excuse for the annual refusal to invest in players).

          • Dont stop bobbi fleckman

            There seems to be an argument that the debt, being owed to him, does not count. It does but it’s not a problem as it’s not external debt. In 2007 the club had external debts of over £150m.

            In 2008, the club had lost another £20m and external debts fell to £40m with the debt to Mike Ashley at £130m.

            The external debt has been largely taken on by MA along with financing the ongoing losses. It’s still debt but luckily, MA is not going to close the club down for non-payment.

          • Danimal

            Don’t put ideas in his head.

          • Dont stop bobbi fleckman

            I’d not be surprised if he sells the club with the debt repaid later. If the debt is not repaid, it’s perfectly possible that MA then turns banker and forces repayment.

            I may seem an apologist but I’m very much in a ‘careful what we wish for’ / ‘aware of what could happen’ type.

          • Danimal

            I know you are (in careful, risk-averse mode) and fair enough if that’s how you feel. I’m just long past that stage. After 11 years of this soulless ‘making up the numbers’ existence, I’m ready to take the risk. ASAP.

          • Dont stop bobbi fleckman

            But alas, it’s not our money to take a risk with. That’s why I say ‘we’ not just you and I, should all take a risk and throw £2,500 in the pot and buy him out. Then we take responsibility & it it fail, it’s our fault and the fans who don’t put in can swivel because they never had the you know what’s to take that risk.

          • Danimal

            That requires 160,000 people. And by the way, I don’t have the ‘you know whats’, the ‘you know whats’ being the pounds. I am sure there would be a buyer for this club if the current owner was genuine about selling. Look at all the other clubs that have changed hands while he has pretended to try to sell it.

          • Dont stop bobbi fleckman

            150,000 will do it and leave a bit spare. You may not have the £2,500 but work extra in the evening, holiday at Tynemouth, don’t change the car, put off having kids or remortgage, get a loan etc. In any case, give it a year, we’ll get the debt financed and we’ll get £900 back to you.

          • Danimal

            There are simply not that many people who could do it. I might be able to do it somehow, given time but I think you underestimate how many people in this country are really struggling to get by. I also think you overestimate the club’s support if you think there are 150k people who could/would put in £2,500 (then again, there could be a much wider audience worldwide who might chip in with £100-£500 for example). Any crowd-funded model would have to be given a head start by some wealthy investors pledging a combined £100m or so at least.

          • Dont stop bobbi fleckman

            An average of £2,500 over 150,000 fans.

            We get 50,000 at a match, if you live away from Newcastle, when a live game is on, the pubs are pretty well populated with Newcastle fans.

            Our last trip to Wembley was a semi-final, I didn’t have a ticket but went to Wembley hoping to get one spare. I was unsuccessful so watched in a pub. There were thousands like me. Our worldwide fanbase is big.

            Some will not afford £2,500. Some could afford £10m. Of my little group if 10 supporters, 3 of them could put in 6 figures and we’ve discussed it. Those who put more in will obviously have more say.

            It’s £2,500, it’s 2 weeks wage. In 1991 the fans failed the club by not putting in, it’s time to not let the club down.

          • Danimal

            By the way, ‘put off having kids’? It’s really come to something when we have to rewrite family trees to get rid of this man.

          • Dont stop bobbi fleckman

            Why not? We care enough to write on message boards. Repeat the same mantra. It’s time to put up or shut up.

            Those who boycott the match, put the £600 a year in savings and buy a piece of the club.

    • Kenny

      🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡 vermin

  • Leazes.

    Anyone who follows the club knows of the mismanagement from start to finish, year after year….

    …..the propaganda from Keith Bishop through his friend David Craig at Sky and then through to Sky employees and the wider media who use Sky’s production isn’t directed at United’s fans but at the media itself….

    When the voice of reason is drown out for a period it has never gone away because it cant….. the truth keeps hammering at the door…. the job of Bishop is top prolong the torture of the club by rallying compliant enemies and journalists….

    What has the owner of Crystal Palace got to do with us?…Nothing…. but he was wheeled out by the BBC…..to put Ashleys lie into circulation.

    The BBC from Barrack Road have still only briefly mentioned any protest, and they seem more obsessed with Yorkshire Cricket than they do with our region, they frown on United supporters like an old fishwife finding a ladder in her stockings…’ uh there they go again I don’t know why they’re protesting’….darn’

  • TheFatController

    Ashley is a gambler – he uses a strategy that is well known in gambling, doubling your bet on a evens bet – if you lose, and continuing to double the stake do so til you win and thus break even.

    So he gambles we ‘win’ by staying up and it costs him nothing.

    If related, he puts in £20m to gamble we come back up. That way he breaks even when he takes £20m back from the PL money the next season.

    Of course, if you don’t have a Rafa or hughton and you stay down, you then have to put £40m+ to gamble on getting back up …

    And they say he’s a great businessman who’s steadied the ship?

    We can all take comfort from being the current entertainers, everyone’s second team and regulars at Wembley every April or May.

    10 more years, I hear you all cry!

    • Ashley-out

      if the fans keep up the pressure he`ll be gone next year

    • Ron

      The Ship he steadied – Titanic or Herald of Free Enterprise?

  • Tweed Mag

    An independent person looking at this whole saga would soon see the difference between Ashley, his apologists and puppets. They are all dubious characters, peddling poor PR regarding a series of broken promises. On the other hand, there are the genuine fans who want success. It is all very simple.

    • Ashley-out

      plenty of his puppets troll this site

      • Tweed Mag

        They do, but they make you feel good. I still think they are on the SD payroll.

      • Leazes.

        No there are two who get joined by their dad occasionally and then the odd sunlun fan on a wind up.

        The Lee brothers are really all of the names, so don’t be fooled by fleckman/monkseaton etc its the same person ‘giving it large’….. really is a very prolific typer… about fourteen years ago on the chronicle he could do a 400 word reply in a couple of minutes flat…. I thought he was quite incredibly quick.

        • Wezza

          Monkseaton still claims he is from there… I can easily arrange to meet up with him in the monkseaton arms just nobody has heard of him!

  • Ron

    We are talking about four lines of attack to defend Mike Ashley and use against HIS Newcastle United customers!

    If MA had to attack his customers in Sports Direct or House of Fraser then even he would know somewhere along the line he, or his employees, had made a mistake, so why in God’s Heaven can he not see it when it comes to Newcastle United?

    Luckily for him his Newcastle United customers can’t really go anywhere else and he knows it, unlike his customers in Sports Direct or House of Fraser they could pick any other similar High Street brand. I suspect and surely hope they decide to do this. It might force the sale of our proud and once great club.

    • FatParosite

      You have answered your own question. However you may be a little confused as to why he has bought HoF. Ashley is only interested in plundering the pensions and not HoF as a going concern. He is not interested in building HoF back to health (despite Ashley’s utterances of ‘Harrod’s of the high street’) as that would be foolish.

      • Ron

        I can understand you don’t trust MA but to buy HoF with the intension of plundering the pensions would be seen as underhand at the very least. Now I suspect that he is underhand in many matters but the knock-on effect of doing that would severely undermine his SD share price and that is really all he does care about. Can’t see it.

        How have I answered my own question?

      • HarryHype59

        He has also got numerous prime retail real estate outlets for a decent price.

  • Steve Smith

    The good financial standing one is funny.

    There’s a report circulating st the moment shoeing that half of all premier league teams would make a profit from just the tv money alone, even with empty stadiums.

    Mike Ashley has us struggling to make a profit when half of teams in the league can literally do nothing and turn one. This is against the back drop of us being a one club city (region) with what was until recently one of the highest capacity stadiums, some of the highest attendances in Europe and still a comparatively large fanbase.

    The financial health of the club is one of the biggest jokes!

    • Leazes.

      Its in such good financial standing Charnley gives away free advertising and accepts minimal return for outsourced merchandising from S***** D*****…

      ….and at the same time owes money to the owner of S***** D*****..

    • FatParosite

      Ashley’s principle philosophy for the club is built on that lie. However Scuddamore and Murdock will not stand for empty stadia. Kroenke has been consistently reporting false figures because of projected advertising and marketing whilst he was also forced to remove Wenger for the problem of attendance slippage. Manchester United were also guilty of manipulating figures in the past. There is a need to at least provide a perception that there are bums on seats but allowing visible gaps in televised games will have the ‘makers’ of the product hot on your heels. The report today might add grist to Ashley’s mill but it would be utter folly to try it out.

  • Sickandtired

    Oh the ‘debt’. So the owner pays off the mortgage on St James – and yet his business owes him the money for doing so?
    He has a mortgage free city center property, but also continues to hold his own charge over it.
    That’s not clever. That’s daylight robbery.

    • mactoon

      The land on which St James Park is built is leased from the Newcastle City Council and NUFC Ltd. pay groundrent for it. Not sure what you mean?

      • Sickandtired

        So? What don’t you get?
        Take a look at the Gallowgate land he appropriated from the club – and is developing for his own profit. That’s leased land also.

        • mactoon

          I don’t understand cos I’m not sure what land you’re on about and what payments you are referring to.
          The land at gallowgate was bought by him. The land under st James is leased from the council and we pay them rent for it. I’m just not sure of your point

          • Sickandtired

            You seem rather confused, fella. First of all I didn’t mention land, but as you ask :-
            Ashley had to pay off the mortgage on St James’ when he bought the club – as that was the terms of the mortgage. Repayable in full on a sale. However, that amount (£45 million + interest) is simply part of the club owed debt he claims as ‘interest free loans’.
            Mortgage free for 11 years yet the club accounts show we still owe the same amount plus more, to him. Llambias claimed the SD free advertising was in place of interest – so his money has never actually been interest free either.
            Matters nowt that it is on leased land. 1.4 million new build homes are leasehold as is most of London etc.
            The Gallowgate land was also leased to NUFC. Fatty paid nowt to the club for it but is developing it, with agreement of the Council, for his own profit. He took over the lease and NUFC gets nowt in return.

          • mactoon

            Thanks for the explanation. I would imagine there is some sort of tax advantage to having the £144m loans (from Mashley Group) so I don’t expect that to go anytime soon. With regards to the land at Strawberry Place he bought that, I forget the price, possibly £800,000 but read it in accounts a while back. That effectively prevents any expansion of the ground but that was never going to happen under Ashley’s ownership. Welcome to the ambition of NUFC owner Mike Ashley!

          • Sickandtired

            Aye, the club owned the lease on the land. Ashley bought it off the Council and will develop it for himself.
            Some of these so called reporters want to be trying to find out what the Barclays Bank charge against the club was made for? How much? Where’s the money gone? It is secured against PL earnings.
            It was created on 23rd December 2016, 1 day after St James Holdings also lodged a charge against all NUFC property.

          • mactoon

            The main thing that bothers me is the leasehold commitments under Ashley’s ownership. At 30 June 2017 the club had future minimum lease payments under non-cancellable operating leases as follows:

            Land and Buildings
            Not later than one year £663,000
            Between one and five years £2,599,000
            After five years £52,214,000
            Total £55,476,000

            The lease I found on the Land Registry for St James Park is for 99 years from 16/07/1998 for an annual rent of £150,000.

            What is the rest of the groundrent for?

          • Sickandtired

            I think we all figured this out a while back. Some financial reporting rule which now allows a business to report it’s lease costs in full (over the length of the leases) rather than year by year.

    • Ron

      No it isn’t, if done for the right reasons. Better to swap debt from one that charges interest to one that charges no or lower interest then the company is more profitable.
      What I think is that he’s swapped the interest for free advertising and in doing so made the company (NUFC) considerably worse off because our commercial income is naff.

      • Danimal

        Exactly, we’re paying it twice.

        • mactoon

          how?

        • Ron

          No we aren’t paying the interest at all. What we are doing is giving away free advertising that would more than pay the interest had we been charged it.

          It might be worth twice the interest I don’t lnow – it could be more.

          • Sickandtired

            The club still ‘owes’ the whole amount of the original mortgage capital, man!
            It’s like taking out an interest only mortgage on your house – and we all know how those worked out.
            Makes no odds how much interest it was as it was all scheduled to be fully repaid by 2016.

      • Sickandtired

        ‘Not done for the right reasons at all though. That’s the whole point.
        The original mortgage would have been fully repaid by 2016. As it stands we now still ‘owe’ that original capital (to Ashley) while he’s also given away free advertising to the shareholders of another PLC (SD) since he arrived.

  • Leazes.

    2007 Premiership ‘Debt’ per club (the year Ashley took over)

    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…. an asset

    • Ron

      What a history lesson, Sunland in the Premier League who’d have thought it?
      Does give you an interesting insight doesn’t it.

      • Leazes.

        Shows that every club had mortgages but only one paid them off and hung the bill around their fans neck.

    • Dont stop bobbi fleckman

      You can’t add up you thick twit

  • Jonathan Willis

    “If you needed a shovel to dig a hole, you had found the shovel you wanted and you knew that you could easily afford said shovel, so you tell your wife that you want to buy the shovel. Then your wife tells you that you can only buy a spoon to dig your hole and you can’t expect your bank balance to allow you to hire the JCB like your neighbours down the road, would you be happy?

    You didn’t ask for a JCB, you didn’t expect a JCB, you wanted a shovel. Sure you can (in theory) dig the same hole with the spoon but it’s going to take a lot more effort and you might bend the spoon because it is cheap. This is how Newcastle go about buying players under Mike Ashley…and Joselu is a spoon.”

    This is possibly the best thing I have ever read on here!! hahaha. It couldn’t have been put any better!

    • Leazes.

      New poster Hi?

    • Mike D

      The Joselu remark is certainly on point. He’s definitely cutlery drawer as opposed to top drawer.

  • Mrkgw

    Just looking at that photo has prompted me to think whether things are worse under Charnley than they were under Llambias. Whilst the Ashley fsctor has always been an overriding negative, my answer would likely be, yes.

  • DeadToiler

    Slag off Shola, slag off Joselu yeah great constructive criticism

    • Megatron1505

      Bye troll

  • Ben Jones

    Some great points in the comments section of this article