Sky Sports get a lot of stick, quite rightly, for much of their Newcastle United coverage.

That embarrassing David Craig ‘interview’ with Mike Ashley at the start of last (2017/18) season being the very worst.

They have also given Ashley other opportunities to put out other PR/propaganda, without challenging what he has said.

As well as that, Sky Sports regularly give vile individuals such as Dennis Wise similarly unchallenged opportunities to defend Mike Ashley and have a go at the likes of Rafa Benitez and the Newcastle fans.

However, this doesn’t tell the whole story, and of course many who work for the broadcaster or who appear as guests, don’t follow the same line as whoever it is makes the decisions to assist Mike Ashley as much as possible.

This is summed up by a feature put up by Sky Sports ahead of the Cardiff match, which gives us some great stats and information about both Newcastle United and the transfer market, especially what happened this summer.

They reveal that 18 of the 20 Premier League clubs have broken their transfer records in the past two years, including  11 doing so this summer.

In contrast as Sky Sports point out…

“Bucking the trend, however, are Newcastle.

“Their club record transfer fee paid remains the £16m they shelled out to sign Michael Owen from Real Madrid in 2005.”

Many Newcastle fans would maybe be thinking a word rhyming with ‘Bucking’ would be even more appropriate.

That 13 year old Newcastle transfer record of £16m is also an interesting figure when used in another comparison by Sky Sports:

‘The average transfer fee for a player in the Premier League this summer has risen to £16m, up from £11m in 2016.’

In five transfer windows so far, Rafa Benitez has never spent £16m on any player, the most allowed has been the £12m spent on Matt Ritchie, when Newcastle were in the Championship!

Sky Sports also highlight just how lacking in ambition this summer’s transfer was overall for Newcastle United, declaring:

‘Recruitment is known to be a principal concern for the Spaniard who managed to bring in seven players for a total of £22.5m but saw £43.5m of talent depart this summer, giving Newcastle the biggest profit of any side in the transfer window.’

They presented the PL summer net ‘spending’ table as this:

sky sports

Rounding things off, they give this final shocking stat from Rafa Benitez’ time at Newcastle United and how he has been treated by Mike Ashley:

‘In total, Benitez has now spent £124m as Newcastle manager, recouping £164m giving him a £40m profit in his time in charge.’

Great stuff from Sky Sports, surely nobody can argue with these stats…



  • Dont stop bobbi fleckman

    So Jim,

    The headline should have read “Sky Sports Don’t expose anything shocking about Newcastle United’s approach to Transfer Market, just a some figures from a week ago”

    clickbait

    • Milburn_Taylor

      as is your posts

      • Dont stop bobbi fleckman

        I don’t think my posts are the target audience for the Mag’s clickbait.

        My view tends to be a little different than the Mag’s party line.

        • Milburn_Taylor

          post somewhere else then where “your line” is relevant
          you`re a blatant sycophant of Ashley. now, where`s that block button

          • Dont stop bobbi fleckman

            My line is relevant. I’m an NUFC fan, I’ve written articles for the mag since issue 5, one of my articles was on the front page of the Mag for 5 years running so I’d say someone considers my view as relevant.

            To understand a subject, you must read all sides of the argument. look at those who block myself and others whom they disagree with, there is a theme of ignorance and stupidity running through them all from Leazes’, Jezza through to Mickylove and Wazza.

            I really don;t care if someone blocks me, it says more of their own myopia and intolerance than it says ‘owt about me.

          • Ashley-out

            what it says is that you`re a troll

          • Dont stop bobbi fleckman

            Ironic, I’ll give you that.

          • panther

            Newcastle fans dont defend the lard bucket

          • Dont stop bobbi fleckman

            I defend him if the claims against him are not true. I’ve made no secret that i’d like fans to own the club, risk their own money and drive the club forward. However, so much written about him regards NUFC is simply not true.

            Over the years, there is plenty to get annoyed about without making rubbish up.

          • Billmag

            Bobbi it’s true he’s resided over 2 relegations and 2or3 near misses now defend him please.

          • Dont stop bobbi fleckman

            The first relegation was on the cards, if we’d gone into administration, we were down. It also did us a favour in getting rid of expensive players with poor attitudes.

            The 2nd was a disaster. The plan looked good on paper, buy some talented up and coming players. Employ a good coach (mcclaren is still highly regarded as a coach) and the management will look after itself. We were too late in getting rid of Maclaren or even bringing in a senior manager (like Rednapp who got on well with Maclaren) . The timing of relegation was awful, missing the first big TV payout has set us back.

          • Come&TakeIt1836

            It is good to know someone else can generally see and understand what has and is happening through the years.

            I’m hopeful a serious buyer comes on the scene soon and a negotiated price for the club can be thrashed out.

          • Jarramag

            I suggest you and every NUFC listen to the True Faith Podcast where they interview the Rangers fans who managed to get Ashley out.What they discovered he had done to plunder all Rangers assets shocked me and if he could do that with only owning 10% then i dread to think what he is doing to NUFC and has done over 11 years.

          • Wezza

            Taken millions, given S***e D*****t free advertising, sold land, not invested in facilities, downsized, asset stripped, lowered wages, lowered expectation and made the aim of every season to finish 17th or higher. If relegation occurs MA will put his (our) money in to be seen as some sort of a saviour, yet the 2 relegations we have had are his fault.
            I’m sure it is worse than we all know.

          • Dont stop bobbi fleckman

            I’ve listened to it. I must say I find Michael Martin a pathetic narrow minded spoilt brat.

            The Rangers lads neglect to point out why Sports Direct daughter security. They lent Rangers money to pay the payroll taxes and money to get them through a season outside the spl. A loan that NONE of the directors or shareholders were prepared to put up.

            I do admire Rangers fans for buying out the shareholding but the situation is quite different.

  • SuperDesHamilton

    Just showed the mackem a work with at graft, said it’s all lies & Rafa is a cheque book manager 😂😂😂

    • panther

      must have been using my cheque book for the last few years

  • Toon

    Wow, this is stunning, sensational, a must read, my mind is blown

    • Kneebotherm8

      Revelation after revelation ………..unbelievable…….

  • Paul Patterson

    Well that’s Ashley put in his place.
    Hardly a expose, is it?

  • Hughie_Gallacher

    This is the sort of stuff we should be focusing on, instead of getting angry over a couple of pathetic trolls and their Mackem hangers on.
    As Rafa might say, Ashley has utterly screwed this club financially for his own greedy ends – FACT.

    • ghostrider

      Not fact at all.
      There’s nothing financially wrong with this club.

    • Dont stop bobbi fleckman

      You may have to elaborate. If it’s fpr his own greedy ends, he’s not done a great job as the fact is, he’s sunk money in and not got any back as of yet.

    • Sickandtired

      It’s hardly news just because Sky have decided to acknowledge some facts for a change. Nowt the majority of us didn’t know already and have done year in year out.

  • Steve Smith

    Workers at the House of Fraser distribution centre are already on strike as Ashley is looking to slash the pay costs for logistics.

    Expect HoF to be piggy backing on the same distribution network as our club soon.

    • Dont stop bobbi fleckman

      Workers at the HoF need to be careful, striking just reinforces how disposable they are.

      HoF were in financial trouble and a brilliant efficient workforce does not usually = a company in the financial clarts.

      I’d have thought he’d move as much of the logistics to Shirebrook.

      • Kneebotherm8

        Get them all on zero hour contracts……..that’ll fettle them……

        • Dont stop bobbi fleckman

          The problem with Hof was their costs were too high. In retail, that’s usually two things, staff and estate costs. HOF did not act quickly enough on either and they have expensive staff and the wrong estate. Dealing with it will not be pretty but the staff will have to be more efficient, simple as.

          • Killer_Clown

            Ashley`s MO of white slavery will solve that problem

          • Dont stop bobbi fleckman

            He certainly has an efficient set up, to use the term slavery is pretty insulting to those who genuinely find themselves constrained in what is modern slavery.

          • Killer_Clown

            in the States he`d be classed as White trash & he certainly fits the bill

          • Sickandtired

            In the ‘States he’d be a Republican Presidential candidate!

          • Ashley-out

            and win

          • Sickandtired

            Well a lot of them like fat white lying rich men…

          • Carverlier football

            And probably get elected… Actually maybe not, he doesn’t have a known history of sexual assault…

          • panther

            thats the only way hed get anything

          • Dont stop bobbi fleckman

            That’s not helpful

          • Ashley-out

            to close for comfort being trash yourself

          • Dont stop bobbi fleckman

            Right, that’s me in a nutshell.

            I suspect I’m not exactly dealing with university material with you am I?

          • Ashley-out

            no, working class & not ashamed of it, as i said you`re trash

          • Dont stop bobbi fleckman

            Being working class and being intelligent are not exclusive statuses.

            Nevertheless, you could try to be a little more open-minded.

          • panther

            some of the stupidest people ive met have degrees, just a left wing re education camp these days

          • Dont stop bobbi fleckman

            I tend to agree, far better to go and work for a few years and then go to university either via work or if students genuinely feel there is a knowledge gap.

          • panther

            like those poor people working for sports direct

          • Dont stop bobbi fleckman

            They do apply to work there, it’s not conscription. They can leave with 1 weeks notice until they’ve been there 2 years.

          • panther

            desperation is not a choice

          • Dont stop bobbi fleckman

            It’s a choice. We live in a time of nearly 100% employment, it’s easy to move jobs at warehouse picking level. Even in Mansfield, there are lots of distribution places to work.

          • panther

            Mansfield?

          • panther

            zero hours contracts arent real jobs, its how they massage figures, like your hero does with the books

          • Ram Kishore

            So you are equating Zero hour contracts to modern day slavery?
            Hmm interesting.. u need to maybe learn a lot more about modern day slavery.

          • Stephen

            That’s because the minimum rate of pay is to high
            It’s a political tool that MP’S use to gain votes without much thought for the small businesses trying to employ people
            A good example, look at all the local pubs closing
            The only good thing I think Ashley is going to fail with the investment in HOF.

          • Sickandtired

            Min wage too high? LOL, give over man. Why should the taxpayer subsidise business by topping up their employees wages?

          • Hughie_Gallacher

            Why not do away with wages altogether and bring back slavery?

          • Kneebotherm8

            Ashley is getting there……give him time…

          • Dont stop bobbi fleckman

            Very true, I’ve a client who manufactures clothes. It’s mostly sold via shops and online but she does arty markets. Given these markets are frequented by well-off and the lefty types, she says it’s amazing how many people complain at paying £50 for a piece of clothing when it costs £40 to make at minimum wage.

            People love to claim to support a living wage / fair wage etc. In reality, nobody wants to pay it.

            Pubs are a little different IMHO, again political meddling but I think the smoking ban started the rot but you are right, if you are paying 5 staff at £8 an hour and you have an empty pub, it doesn’t take long before that cripples the owner. Especially if the margin on beer is low due to tax.

            My theory is to save the pub industry, draught beer should be subject to a lower duty so it will be cheaper to go out than drink at home.

          • Stephen

            Agree
            Tim Martin of JD Wetherspoon has been advocating a reduced VAT rate for the leisure industry for years
            20% was supposed to be an austerity measure but it’s been forgotten about

          • Superdooperhooper

            In what universe could HoF be described as a small business ?
            Perhaps when ashley has ran it for a while it might become one though

          • Albert albert

            Fool, expert on hof now

      • Oldgeordie

        The striking workers are not employed by HoF. The distribution centre is operated by XPO logistics, a completely separate company. Ashley will not pay them outstanding bills.

        • Sickandtired

          Already took the HoF website down as he won’t honour existing orders. Gift card holders shafted. Pension fund and pensioners to suffer.
          Oh, he’s a saviour alright.

          • Kneebotherm8

            A bloodsucking leech and parasite…………

        • Dont stop bobbi fleckman

          I see, as I say, He’ll utilise Shirebrook in time.

          • Ashley-out

            into a concentration camp, maybe

          • Dont stop bobbi fleckman

            And you called me a troll yesterday. Just debate something sensibly or keep out.

          • Ashley-out

            i don`t debate with trolls. the man is a parasite & you seem to condone his behaviour, just shows what you are mate.

          • Dont stop bobbi fleckman

            Ok, it seems you operate at a different level to me.

          • panther

            everyone does

      • Steve Smith

        Correct. But it’s also costing him money. So any disruption caused by the strike will need to be balanced against potential savings of bringing these jobs in-house to Shirebrook.

        There’s also TUPE obligations that WILL apply which he’ll need to consider – eating even more into any potential savings he hopes to make.

        This is all beside the point however, as these jobs look almost certain to be axed when people were hailing him as the messiah who will save jobs.

        • Dont stop bobbi fleckman

          I don’t think he took on HoF through altruism, I don’t think he’ll claim to do so either.

    • Wezza

      I just read about that!
      Now where are the trolls who stated he saved 17,000 jobs from the goodness of his heart.

      • Sickandtired

        He threw USC staff onto the dole, at Xmas time, when he put that company into pre-pack administration. Done to avoid a debt he owed to Diesel.
        He reopened immediately, with the same assets but minus the employees and debt, as Republic.

        • panther

          what a lovely bloke,cant understand why he gets so much stick

    • Sickandtired

      Spot on. The Spectator even suggesting Fatty be given a Knighthood IF he saves HoF! Sure, last thing we need is another Sir Philip Green (Big Emp as Ashley calls him – and Little Emp in return)
      Do these coconuts still not understand anything about him and his like?

      • Billmag

        Would love to hold the sword.

        • Kneebotherm8

          One slip and…….

  • MrShack66

    Yeah, good ‘ol Sky. They came good in the end.

  • Wezza

    Good article. MA is indefensible and to suggest otherwise is flat out trolling. There is no argument for MA for his treatment of Rafa.
    Lets start at the every penny lie.
    123M TV money? We know where the money has gone.
    Ambition? Nobody can even argue that replacing players for cheap/free AND making a massive negative net spend shows ambition.
    Almost every other club has invested while we have bargain bin hunted. No argument for MA on ambition.
    As the article states our last transfer record was 16M and in 2005! Every other club is breaking it all the time!!! Yes money doesn’t always buy success but there is taking the biscuit and taking the biscuit.
    MA is taking the biscuit and laughing at us all. Get out of our club and take your poisonous propaganda with you.

    • Mike

      didnt the club get ££££ for finishing 10th?

    • Billmag

      The stats that are coming out blows the Ashley lover’s right out of the water.

      • Kneebotherm8

        They still love him…..

    • I don’t mind Mike running the club like this, but he at least has to come out and say something like “I’m not investing more than what is required to keep the EPL status of the team”. It’s the lies and hope he gives fans by saying stuff like “Every penny generated” and “I want to win a trophy here”.
      We all know Mike doesn’t want to spend, but at least give Rafa what he’s earned through the window. Those 20m would have gotten us a better player in position we had, and instead, we looked for loanies and bargains for that left-back ending up with our hands in our mouths. Charnley should be fired over this, Rafa doesn’t need him anyway.

      • Kneebotherm8

        Charnley is a whipping boy doing exactly as instructed by Ashley…..the nett transfer profit is Ashleys doing……he’s been starving Rafa of funds for the last few windows to force him out the door….

        • If NUFC doesn’t go down or doesn’t get bought this term Rafa’s gone mate. No way is he staying in a club who’s only ambition is not to get relegated by spending as less as possible.

          • Kneebotherm8

            The club is not for sale and Rafa will definitely leave at the end of his contract,irrespective of whether we’re relegated or not…………

  • Rob Brown

    Not at all bitter, are you Jim?

    • Sickandtired

      Aren’t you? If so, why the F not?

      • Ashley-out

        troll

        • Sickandtired

          PMSL! yeah, I’m trolling Ashley and his supporters. Gimp.

    • panther

      we ll are, and so should you

    • TheFatController

      I think your autocorrect has changed your intended ‘justifiably bitter, Jim’ post Rob.

      Because if it hasn’t, you have some bizarre personality disorder going on.
      You should therefore be rightly proud.

  • 1957

    Usually if you ‘expose’ something you are bringing something forward an issue that has been hidden and no one knew about. In this case there’s nothing new reported, we all know about a transfer profit and the transfer record… this is Sky Sports remember, next week will probably see an interview with Big Mike explaining these stats are flawed.

    Believing Sky Sports may have seen the light is as deluded as thinking Ryder and co will ever seriously speak out against the owner in the way Gibson did about McKeag and his board.

    • Kneebotherm8

      It’s only new as in………the Sky Sports domain………all on here are/were well aware of the situation at the club……..apart from the usual bootlicking suspects on this site……..

      • Kneebotherm8

        According to those same boot lickers………….all of these spending clubs are on a knife edge and a whisker away from insolvency and relegations just like the mackems …….funny really if we are/were in such a fantastic financial position due to their hero Mike………then why did he have to loan the club £15 million after our relegation last time?………beggars belief really………

        • Ben Jones

          Ahhh you don’t get it do you, we were in good shape and still had to borrow 15m to get through the season, now think about the clubs who are not in good financial shape and have borrowed on the future…That’s why they’re on a knife edge. Your own post surely tells you that?

          • Kneebotherm8

            Did we have to borrow £15 million?…………Penfold said so……so it must be true in your eyes……….they paint a great picture of this clubs poor finances…………..boot lickers believe it…………….figures massaged conveniently so we’re led to believe Mike is our saviour………….

          • Ben Jones

            Dang. So your own 15m figure that you said you’re now throwing back in my face? You said it not me, so what is your new line then if it’s changed?

          • Kneebotherm8

            Irony…….none of my comments have agreed with the clubs statement that Ashley loaned £15 million to rescue us…..Lies,damned lies and statistics….it all went over your head like….

          • Ben Jones

            Ahhh right you were being ironic….. Ok.

          • Kneebotherm8

            Ding……

          • Ben Jones

            Yup . I caught ya out

          • Kneebotherm8

            Dong……

          • Kneebotherm8

            You lot are the ones saying they’re on a knife edge………and we’re not…..with our sensible non spending….Benitez has made £40 million profit in transfer dealings in his time here……plus all our income from TV,gate receipts,etc…….as Rafa sensibly says……”You do the Maths”……not rocket science really…..

          • Ben Jones

            Well let’s see how easy it is for the 3 that went down to come back up and what happens when they don’t

          • Kneebotherm8

            You assuming that I’m saying it’s easy for teams to bounce back……check my posts and you’ll see my criticisms of the assumption that we were nailed on to bounce back 2 years ago due to us,supposedly, outspending all the rest of the teams in the division…….Rafa was,undoubtedly,the difference in us getting promoted.
            Your point is pointless……

  • magpiefifer

    About time that Sky put something out in our favour after all the garbage from Ashley’s bootlickers.
    Let’s hope there is more to come!!!

    • panther

      hopefully the tide is turning and the truth is coming out

      • magpiefifer

        Not before time!!!

  • Monkseaton Magpies

    No one can argue with the stat that in the last two sets of accounts we had only £2m in the bank and were £8m overdrawn.

    • Ashley-out

      that`s a shame, so where`s the money from this summers transfers, the tv & sponsors money not to mention the season tickets & money owed from previous player sales.

      • panther

        in fatboys pocket where its been going the last 11 years

      • Monkseaton Magpies

        That money has not come in yet but last years has. Will be very interesting to see the Accounts for the year ending 30th June 2018.
        While the profit and loss at all football clubs is subjective due to amortisation of players assets, provisions etc the one thing you can rely on is the cash balance so end of March should know where we stand. We should however be in a stronger position cash wise at the end of the season depending on what is spent in January.

        • TheFatController

          What price Rafa as an asset though? And he’s leaving.

          I can’t begin to think of how much we would have to spend on players to make up for the fact our next manager will not be able to motivate all at the club like Rafa has done.

          • Monkseaton Magpies

            Got a surprise for you Rafa is staying so hope that will make you and others on here very happy.

          • SuperDesHamilton

            He’s not. He’s told all the lads at the training ground he’s away at the end of the season, so has Lacelles

          • Kneebotherm8

            Rafa is not an asset to Mike Ashley because he’s never had any intention of selling the club……….he’s a thorn in his side actually…….and is being constructively shown the door at the club for his vocal criticism of the regime…….another yes man manager replace Benitez at the end of the season…..

        • Billmag

          Seem to remember the apologist’s saying the same thing last season, oh we’ll be ok we have the TV coming in and so the cycle goes on making little or no progress except to stay in the Premier and make loads of money for Mash.

          • Kneebotherm8

            Exactly right..

      • Kneebotherm8

        Abracadabra……

      • Wezza

        He is one if the Manc trolls, they all say exactly the same thing. They try and make personas, characters, it is part of their illness.
        This one is Fleckman and trolls here daily AND believes Rafa gets every penny. Not different opinion, just trolling.

    • TheFatController

      You’re really are great at pulling out stats that show just how badly the club is run financially and thus is now penniless after 11 years of mismanagement.

      Great post therefore.

      • Ben Jones

        Says the man disappointed we have not tapped into next seasons future earnings. Absolute divvy

      • Toonrobbybobson

        11 years / 2 relegations

    • The Newt

      You do realise accounts can be manipulated don’t you? Every single business sets up their accounts to fit their own agenda…how do you think Amazon only pay £1m a year in tax? “Creative accounting”, that’s how.

      • Monkseaton Magpies

        Not the money in the bank though please see my post below.

        • The Newt

          Plenty of opportunities to move money elsewhere before reporting the position at year end. Related party transactions etc.

          • Mark Potter

            It doesn’t matter where you move it, it still has to be reported. That’s like saying you have no money, when you drew £100 out of your account and have it in your wallet. You still have £100 cash in hand. That’s the case until you spend it, and for a business you then need receipts to prove what you spent it on, because you need to account for the VAT.

          • The Newt

            Lol okay mate, whatever you say. Sadly for me my job is in tax, and you don’t need a receipt (or to account for VAT) when you shuffle money around between connected companies.

            Look at the accounts, it’s all very open about the reduced revenue from media etc when we were in the championship…yet related party transactions aren’t reported due to an exemption.

            Accounts can (and very often are) done incorrectly; either on purpose or by accident. Amazon for example shuffle money around from UK sales so they pay less tax.

            Accounts are not always an accurate reflection.

          • The Newt

            I don’t think you pay VAT on transactions between companies…

            How do you think Amazon pay £1m in corporation tax on their UK sales? By moving their revenue to a different entity. Sadly for me, I work in tax so I know a little bit about accounting. You can do a lot with your accounts, and auditors gladly sign them off (read KPMG’s actions with Carrilion, or BHS). Ultimately, Ashley won’t be doing anything ‘illegal’, but you can be sure he’s moving money round to suit him.

            For example, the accounts explicitly state that foreign revenue isn’t included. So, media abroad is that included? The Fun88 deal?

          • Mark Potter

            You must charge VAT on sales, as long as you are VAT registered, even if you are selling to another VAT registered business. And you must account for this in your VAT returns. But you can reduce your payments to HMRC by any amounts where you have paid out VAT to other companies, in legitimate business expenses.

            In some cases, the amount you pay out in buying goods and services pretty much balances what you receive in reselling them, so your VAT balance to pay to HMRC is nil. But that’s rare because most companies have other significant expenses, such as wages, which are not liable to VAT, so the amount of VAT income from sales is usually bigger than VAT expenditure. Otherwise you are probably making a loss and should stop trading.

            My point is that Amazon’s business model is arranged in such a way that they don’t make “UK sales”. You are buying from a website almost certainly hosted on servers abroad, and paying a company in Luxemburg. That company has to account for it’s tax to the Luxemburg government.

            Money earned abroad, such as the TV money from overseas deals, won’t be liable to VAT, or selling a player to a foreign club. But if the money comes into the UK then it will have to be included in the accounts, even if it’s paid in Euros or other currency. It doesn’t matter where it comes from or goes, everything that passes through the company, however briefly, will be recorded in the accounts. And since most transactions these days are not done in cash, except for some small businesses, then you can’t hide the transactions because they appear on your bank statements.

            A whole team of accountants spend a week in a box at St James Park at the end of the year going through every company financial record of revenue and expenditure, and the assets of the company (which includes the players’ contracts). The accounts are just a straightforward summary of what they find. And they then get independently audited.

          • The Newt

            I’m not talking about sales though, I’m talking about transactions with connected companies (i.e. the ultimate owner MASH holdings), and deals which don’t even touch ‘Newcastle United Limited’.

            Independent auditors do nothing unless something is blatantly illegal, and even then they might not say anything, like KPMG did nothing about Carrilion. Plus there is nothing illegal about moving money between a group.

          • Mark Potter

            What sort of transactions? Ashley is the ultimate owner, MASH Holding is the owner of St James Holdings, which is the owner of Newcastle United. You can view the accounts of all of the companies.

            An auditor is a person who makes an independent report to a company’s shareholders to show whether the company has prepared its financial statements according to company law and other financial reporting rules. The report must also state whether a company’s accounts give a true and fair view of its financial affairs at the end of the year.

            Since there have been no criminal charges, never mind proven fraud, against Carillion, then you have no basis whatsoever to assert there was anything blatantly illegal, and the auditors knew this and said nothing.

            But let’s suppose for sake of argument that those Carillion auditors did something wrong. Does that prove that every company is doing something illegal, that all accountants “cook the books”, and every auditor knows this and blatantly ignores it? This is as wrong as saying that someone from Newcastle was found guilty of burglary last week, so everyone in Newcastle is a burglar, and Northumbria Police know this but blatantly ignore it. You cannot prove your case by reference to some other totally unrelated case.

          • The Newt

            yes there’s nothing ‘wrong’ or illegal with transactions up to St James Holdings or MASH Holdings – he can do it…but we don’t want money going out of NUFC to Ashley, that’s the point!

            Look at the Newcastle United Limited accounts – 29. Related Party Transactions aren’t reported. Could mean nothing, or it could be deliberately hiding stuff.

            KPMG are being scolded by MPs currently for the way they acted, and they are looking at changing accountability where auditors say something is fine and it’s not. It’s not legal action no, but that may well come and it shows they’re morally bankrupt (like Ashley’s practices at to SD staff) and that a blind eye can be turned for the right price.

            Even where Ashley’s accounting is perfectly legal, if money is extracted from NUFC to another entity within Ashley’s control, would we as fans want that? No. That was my point, and the accounts are not transparent enough to categorically prove this is not happening.

          • Mark Potter

            Look at Note 1, it defines what the accounts cover: Newcastle United Limited and its subsidiary companies. Then look at Note 14 which lists all of the subsidiary companies. Most are dormant, so they don’t have any income/expenditure, nor own any assets. So basically the Group that the accounts cover is Newcastle United Limited, Newcastle United Football Club Limited and the website company. The Football Club I think hold the player registrations, and does all of the work relating to the squad playing in the Premiership. While Newcastle United Ltd hold the ground lease, deal with commercial matters etc. Maybe. But the reason there are not three separate accounts, is the three active companies are operated together as a single business. If you pay your cheque for your season ticket to Newcastle United Ltd the money might be transferred to the Football Club Ltd to pay players. Those internal transfers are not reported, but transactions that go outside the Group are reported. And dividends, director payments, salaries, repayments of loans must be reported. The money doesn’t just disappear. The 2017-18 TV money is paid to one of those two companies and must appear in the Group accounts that get filed next Apr-May 2019. It can’t just disappear, if it went out of the Group then there must be an explanation. I’ll be surprised if they don’t show the money is still there, and therefore they made a profit.

            Nothing like that happened in the Carillion case. The issue was that they signed contracts for projects which appeared to be things which would bring money into Carillion. But it turned out that two projects in particular were delayed, expenses were higher than expected and then they hit penalty clauses for not meeting deadlines. Suddenly those contracts were onerous, Carillion was spending more than it was receiving, and the amounts involved for those two contracts (one for a Birmingham(?) hospital, the other for the Aberdeen ring road) were causing losses higher than the profits that were being made on all of their many other projects. At that point the whole company is trading at a loss. Every company that finds itself in this situation will struggle with what to do, and many business managers will try to justify why this is only temporary. The accountants, auditors, bankers, lawyers etc are the ones most likely to point out that the business is insolvent and the directors need to put the company into administration.

            The auditors role is to check the accounts produced at the end of the financial year, which are filed nearly a year after. So the auditors might only get to see that the projects were failing up to 18 months after it started happening. It’s not clear that any Carillion accounts were prepared for audit during the period the projects were clearly failing.
            The MPs who complained seem to think the auditors should have foreseen this might have happened, but none of the MPs are accountants or Chartered Auditors, they have no expertise/experience that could allow them to make any clear judgement.

            It’s a blame game. A number of large government projects were involved, the government specified the scope of the work, inserted the penalty clauses and set the deadline, they awarded the contracts to Carillion believing they were capable of delivering on time and they supervised the work. Why are the government not responsible for the failures? Legally, if the accounts are not correct the Directors are responsible. The Managing Director or Chair always signs the accounts, and ultimately puts their name to whether they are correct. The issue could only fall on the auditors, in terms of legal liability, if the directors revealed the full extent of the failures to the auditors and they ignored this, lying to shareholders at the end of the year. Instead, it appears that the directors actively hid the extent of the problems for several months from the accountants, never mind the auditors. But, even if they knew, the directors were trying to arrange overdraft facilities/loans to cover the losses. If they had managed that, then the company could still be solvent. The bankers decided that the risk that they wouldn’t get their money back was too high, and they, in effect, forced the administration. That’s the normal situation. Most companies fail not because their accountants or auditors report the company is insolvent, but because the bank pulls the plug or HMRC demand taxes that can’t be paid. Well over 95% of bankruptcies of small businesses happen because HMRC take them to court.

            I’m not saying the Carillion auditors did nothing wrong. Only that it has not been proved. And that even if it was proved, the Carillion situation really has nothing to do NUFC. No-one has suggested that any money was removed by devious means from Carillion’s accounts.

      • SuperDesHamilton

        That’s why our accounts were 6 weeks late, so him and his cronies could doctor them to suit their narratives

        • Mark Potter

          They weren’t late at all. You have up to a year to produce accounts to submit to Companies House.

          • SuperDesHamilton

            Isn’t it June-June or may-may & we submitted ours 6 weeks after the date

          • Mark Potter

            Sorry, I just checked and it’s nine months from the end of the financial year to file with Companies House. Lol, that’ll be why my accountants moan at me so much, and I got fined by Companies House. I thought I had a year!

            But you definitely get a year to submit your annual return to HMRC, and the accountants would draw them up together.

            NUFC have a year end of 30 June, so they are supposed to be filed with CH by the end of March. So technically they are “late” so far as CH is concerned, but hey, I bet many companies are. The “fine” is pretty small. I think it’s £150 for one year, doubled if you do it two years in a row.

            They had a 30 June financial year end date since 2006 (so pre-Ashley) and filed on:
            2006 15 May 2007
            2007 28 Jan 2008
            2008 16 Jan 2009
            2009 27 Apr 2010
            2010 1 Apr 2011
            2011 13 Mar 2012
            2012 8 Apr 2013
            2013 11 Mar 2014
            2014 14 Apr 2015
            2015 13 Apr 2016
            2016 7 Apr 2017
            2017 22 May 2018

            So, yes, 6 weeks late, but nothing unusual about it. They missed the CH deadline 8 out of the last 12 years. Naughty boys. But assuming they simultaneously filed with HMRC, then they have never been late with them.

            CH filing is what makes the accounts public, so the journos will have been waiting for them to appear. But the HMRC filing is used to calculate your corporation tax, so is actually much more important to the company as it can be considerable. And you have to pay it all in one go. The HMRC return is not made public, except that the following year you can see in the accounts at CH the amount of corporation tax paid to HMRC.

            The idea that there was something unusual and therefore suspicious about the date they were filed with CH is the stuff of mad conspiracy theories.

          • SuperDesHamilton

            Phwarrrr mark! That’s a canny read when I’m hungover & working overtime this morning 😂

      • Kneebotherm8

        Absolutely correct,but the apologists don’t believe Mike could possibly use a bit of creative accounting…….

    • Squintytoonarmy

      Did you meet up with anyone before the Spurs game?

  • Tweed Mag

    Most of this is already well known, but it is good to see it coming from Sky. It won’t be long before the Ashley apologists will take the debate away from the facts, clouding the issue with HoF, saying the £144m debt is not really there and so on. The more I look at their comments, the more I am convinced they are on SD payroll. Don’t let them annoy you, their motivation does not remain with the best interests of the club. Hopefully more broadcasters/press will concentrate on facts and not PR bollocks and the doubters will become increasingly desperate (they are well on their way as we speak). Their only tactic is contradiction.

    • Ben Jones

      I disagree

      • Blackandwhite9

        “I disagree” … wow that puts us in our place .., the only thing that was missing was the “sad” at the end of your statement .. what a 🐓

        • Ben Jones

          It was a play on his ‘contradiction’ slur , plus I do disagree so it served 2 purposes

          • Blackandwhite9

            Not really, it served one purpose… to make you look a 🐓… well done.
            Just as a matter of interest are you guys paid per post / hourly or are you on zero hours contracts just the same as virtually all of his other employees

          • Ben Jones

            I’m on the same terms as your employees

          • Blackandwhite9

            Wow, you are struggling now aren’t you … you do know that your statement doesn’t mean anything don’t know … what’s a matter Benjamin , are you getting tired.. but not allowed to take a break ??🐓

          • Danimal

            He’s a busy lad, defending Ashley and Trump. When he’s done a few hours of ‘alternative facts’ on the Daily Hate website, he’ll be back here singing ‘Mike’’s praises.

    • Billmag

      Doesn’t really matter what the apologist’s post on here or what spin they put about, the fact is Ashley has made a 🐖’ s ear of his running of NUFC. The only blueprint hes got is how to run a football club on a shoestring.

    • Leazes.

      Is it still?…. I block him so I wouldn’t know, he gets people to rise to the bait for what end…. to get hits for Jensen or Disqus? No purpose to his argument at all.

      It does seem that its about getting hits for a site.

      • Tweed Mag

        Perhaps they are on the payroll elsewhere too? Closer to home? Over to you ‘The Mag’.

        • Ben Jones

          You’re an absolute child. I’d imagine mike ashley couldn’t give two [email protected] what people like you think so the idea he’s spending money trying to convince you to change your mind is laughable. Think what ya want bud you’re irrelevant

          • Ashley-out

            does he not, then why have all his mates come out of the woodwork in the past 10 days to try and justify what he`s been doing at Newcastle. childish, look in the mirror mate

        • Angelswithdirtyfaces

          Social media is well known for having paid contributors, often in politics as a rebuttal unit, or promoting a party line. Business is also heavily involved in using social media to push a particular line. I have no doubt whatsoever that there are paid contributors by the current regime at SJP trying to minimise the damage done to Mr Ashley and his business interests by defending him. It takes a lot of time monitoring social media, so it should be obvious who these trolls are.

          • Ben Jones

            Yeah mate, the club gets 52k at home games, there’s no one left to ‘impress’ if you don’t go to the game you’re irrelevant now, won’t go back till ashley leaves?, nope! You won’t get back in because you’ve been replaced.

          • Tweed Mag

            Agreed. I think the best way is to either block them or ignore them. They will soon revert to pathetic insults and more made up stories.

          • Dont stop bobbi fleckman

            I’ve not seen Ben Jones throw pathetic insults around. In fact the worst trolls and child like insults come from the Ashley bashers.

          • Ashley-out

            trolling is child like and you personify that.
            blocking you now.

          • Ben Jones

            I don’t understand, do you want us to beg you to change your mind? Please don’t block us you’re sooooo important . Pleeeeease

            😢

          • Dont stop bobbi fleckman

            No, please don’t, don’t block me, it means too much to me.

          • SuperDesHamilton

            A don’t agree with most of your opinions but I still like to hear them, Leazes wants this to be his own North Korea.

            Everyone’s entitled to an opinion right or wrong….except ghost rider he’s a mong

          • Superdooperhooper

            Sorry you’re wrong there . I couldn’t be doing with his childish name calling anymore and had to block him . And you and Monkseaton and clarko call people names aswell . Don’t deny it

          • Dont stop bobbi fleckman

            In fairness, I agree that Clarko can overstep the mark with name calling but Monks’ has to put up with a lot of nonsense so I can forgive him for the odd lash out.

            I call Jezza a fat Danny La Rue because he looks like a fat Danny La Rue. I call him and Leazes’ a liar because they peddle lies they know to be untrue. I do call Micky love after Micky off of the League of Gentleman because hes…well, touched. Ok, a few others could have done with a bit more studying at school..

          • Gallowgate Dave

            Clarko “can overstep the mark”? He could start an argument in an empty room. 90% of his posts are about as chilled as Souness and Bellamy trapped together in a phone box after 12 pints each. As for Monk he called my parents and grandparents scum because I argued people had a right to peaceful protest. Being an Ashley apologist alone should be enough to have you sectioned but all you apologists frequently betray your mental instability with the content of your posts.

          • Dont stop bobbi fleckman

            Ah yes, I did think young Monk’ went a little too far in that one and Clarko has had humdingers with me and I come the closest to agreeing with him.

          • Steve Smith

            Blocking works if everybody does it. Unfortunately not everybody would so their shot opinions need to be called out otherwise they remain unchallenged and appear to be accepted.

          • Ben Jones

            Right, but if everyone did block (and it works according to you) who would be left to call out our opinions which would remain unchallenged and appear to be accepted? Your first sentence contradicts the second surely?

          • Steve Smith

            And if everybody started eating healthily, stopped drinking smoking and started exercising frequently nobody would be suffering from avoidable illness or death and the NHS would save billions.

            Why don’t we all just collectively do that?

          • Ben Jones

            Ok

          • Steve Smith

            You’re trolling to get a reaction from people but you’ll get approx. 30 seconds of people’s time, yet you’re wasting hours of your life having to respond to dozens of separate people to maintain your trolling agenda.

            It’s a sad waste of a life.

            Who’s actually the victim in all this?

          • Ben Jones

            Hours? Victim? Behave. Just block me

          • Tweed Mag

            I see what you mean. Most people will see through their pettiness sooner or later. There is a pattern to each article or post – once it is up and running, an apologist starts the sniping and the contradictions. Most of their opinions are so often repeated they become predictable. They then get ridiculed and eventually start throwing insults around. It is spoiling any sort of debate and ends up name-calling. They don’t seem to want the club to succeed whilst propping up Ashley and his regime.

          • Ben Jones

            Dear me. What do you want? The people you disagree with to go away? Spit it out

          • Leazes.

            If You were Bishop how would you sell a downsizing and asset stripping operation and to who?

            Not to the fans…. we can see a shrinking club with our eyes, its to the press to allow the operation to continue as long as possible….. the semblance of having backers….all London media people…. and Shola Ameobi.

            First they came for the Celebrity unveiling of players
            Then they came for the players
            Then the advertising
            Then the merchandising
            Then they came for the land assets
            Then they came for the Sky money.

            ….then there was nothing left, but a shell of a club which has to hire its own stadium from the owner.

            Who stood up to it? It wasn’t Mark Douglas, Lee Ryder or Mark Denton the political assassin of the BBC Look North?

      • SuperDesHamilton

        You disagreed with someone 10 year ago on another forum & it’s totally engulfed your whole life, you aren’t the best to talk about when it comes trolls you absolutely love them

  • Tony English

    Good to see Sky air this, but it was still behind their “what’s the average height of each team” stats. Clearly a quiet news day.

    • SuperDesHamilton

      Did they pull out the football manager stats today as well? That was normally a sign of a slow one

  • TheFatController

    As Dennis Wise said on Sky, we did good business in the window. Proving you don’t need to spend money to improve.

    Ignoring that by spending big, our competitors have improved exponentially (google it, Dennis) giving Rafa a less competitive, if better by comparison to last season’s, squad.

    It’s all in the detail Dennis, not the vacuous sound bites that ignore all the facts.

    • Leazes.

      Yes that’s the way Charnley analyses the club….in total isolation from its competitors….. because its not competing!

      Despite having the best manager since Robson they are still downsizing and treating fans and manager with total contempt!

      • magpiefifer

        And will continue to do so!!!
        Ashley out.

      • We are competing with teams battling relegation. Our only goal is to stay in the Prem as long as Ashley is around and he will try to do it as cheaply as possible.
        I can’t deny that our squad has improved though. Just wish we brought competition for Dummett and a midfielder who can score 7-8 goals per season.
        Still hoping Longstaff gets a shot somehow. He has an eye for goal and like going forward.

      • Toonrobbybobson

        Charnley doesnt analyse a thing apart from one cube or two cubes. 😑

  • Milburn_Taylor

    Ashley is morally unfit to own a football club, his business practices are frowned upon even in the cut throat retail world. his treatment of his employee`s is abhorrent by any standards, the problem is those running football in this country are as repulsive as him.

  • JohnnyH

    NUFC receive £123.000.000 in central payments in 2017/18 from the PL in order to, quote;

    ‘The collective and central way the Premier League markets its rights and distributes revenues to clubs supports them in their efforts to develop and acquire talented players, build and improve stadiums, and make a huge contribution to the entire football pyramid and a range of community programmes and good causes’

    In short, the intention is that it should be invested in the club from grass roots right up to the first team, infrastructure, training facilities, youth development etc….

    The fat one is taking the pi$$ out of the club and it’s supporters and it looks like the PL don’t give a toss what he skims off.

  • Stuart Wyse

    I did a very rough calculation on transfer spend since Ashley took charge. Approx. £410m spent and approx. £321m so over the ten years a net spend of £89m so roughly £9m net per year – just another stat adding to the gross mis-management of the club

    • Ben Jones

      Strange to think Tottenham have a 24m net spend over the last 10 years, 2.4m a year , just goes to show how ambitious Fulham are by spending 100m net in one window doesn’t it

      • Danimal

        Did they sell one player for about £90m? And unearthing Kane probably helped to keep the outgoing figure down. You’re not seriously comparing the way they’ve been run over the last decade with our shower?

        • Ben Jones

          I’m just putting it out there the fact they have spent 24m net in 10 years and they’ve earned a lot more money than us, begs the question, where has Tottenhams money gone?

          • Danimal

            Possibly on good scouting, a good academy and now on a very expensive new ground. Obviously their fans will be very unhappy with the way the money has disappeared and wonder why their club can’t be as good as ours, but perhaps the regular Chanpions League appearances etc will soften the blow.

          • Ben Jones

            Champions league gosh that was a long time ago for us wasn’t it. Tottenham must make a fortune from it, I wonder where it’s all gone

          • Danimal

            Yes, it was….just before your hero took over our club. You’re right, I bet Spurs fans are gutted about their place in the food chain. They must be so envious of what we’ve achieved in the last 11 years.

          • Ben Jones

            I don’t understand your tone, I’m not suggesting they should be, I just thought net spend = ambition , Fulham have spent 4 times what Tottenham have in 10 seasons and they did it in one window!

          • Danimal

            Fulham are new to the league so they’re doing their best to make the step up. Not gambling like us.

          • Ben Jones

            Yeah you’re probably right, they got rid of a lot of players but they weren’t worth any money so I guess their squad was coming from a position of being much much weaker than ours, our outgoings netted us close to 50m and them were the players we didn’t need!

          • Gallowgate Dave

            Spurs have spent £1 billion on a new stadium, appointed a superb manager and have a conveyor belt of incredible new young talent rolling off their conveyor belt every season. They’ve done brilliantly to stay in and around the top 4/top 6 despite the lowest net spend in the league committing to a new stadium that will help them compete at the top for years. We on the other hand do a canny peppered steak pie. But you knew all this already didn’t you Ben, you old devils advocate you?

          • Ben Jones

            To be fair they’ve spent around a third of that and the rest will be financed but they’ve certainly done extremely well to get where they are, the only club who’ve earned their place there really imo, man city & chelsea buying their way and Liverpool man utd and arsenal being established giants & an easier path. I’ve never tried the peppered steak pie and would never play devil’s advocate with food

          • MadMag83

            I spa my drink out after reading that 😂

          • Gallowgate Dave

            I was trying to think of Ashley positives and that was genuinely about the top of the list.

      • Jonas

        They’re also building an expensive new stadium.
        the smallest giant screen in sport, that killed him to have to do and certain advertising hoardings are the only “investment” made on our ground and true to form he’ll get back their cost ten-fold (extremely conservatively)

    • Superdooperhooper

      The chronicle said ashley has made a 180m profit on transfers since he took over

      • Stuart Wyse

        As I said it’s a rough calculation, the trouble is all of the “undisclosed” figures so there are a few assumptions/best guesses in there…. but as we all know effectively he has spent nothing and we are seeing the results of it. Without Rafa who knows where we would be??

  • Ram Kishore

    What did sky expose and i don’t see anything new in this so called expose?

    Am i missing anything Jim?

  • Gareth Jones

    I wouldn’t be surprised if this level of scrutiny keeps up that there’s a cash splurge in January. Total fake of course. Just another curve ball before resuming the asset stripping and soul removal….

  • Jonas

    They’ll have to issue this warning beforehand “if you want to live in delusion and maintain the pro Ashley/anti NUFC narrative, please press mute on your remote control now”
    those that don’t get it because we finished 10th (mackems) will be too dumb to decipher the chart so no need to flip channels.

  • Rafalution 14

    If it looks like sh*t, smells like sh*t, must be sh*t. Doesn’t matter how Ashley spins the accounts, the fact is Newcastle United haven’t strengthened the squad even after having enough money.
    Rafa will be gone next year unless a miracle happens and I feel sorry for the fans as you have a manager who knows how to win and his hands are tied by the club owner.

  • Down Under Mag

    Sky, the Beeb, the packing material sold under the guise of news…none of them give a toss about Newcastle. They have no vested interest in what happens at the club aside from using it as a vehicle to occasionally sell some print space. You can bet your life that they will do their homework and research the facts and present an argument that is in the best interest of the club were it Liverpool, one of the Manchester sides or a London based club. The fact is that for NUFC near enough is good enough as long as they get an article to print they have no interest in fact checking or trying to do right by the club or fans as a whole.

  • Jeremy Walker

    Looking at this from the perspective of NUFC being up for sale, Ashley has kept the books looking as strong as possible. Being more profitable with lower player costs drives up the valuation. This is likely his objective. Remember he’s a businessman first, not a fan and never was. He’s simply protecting his asset and as painful as that is for true fans let’s hope he attracts a buyer soon to end this misery. As profitability aside, two key assets that he hasn’t got any control over is Rafa (on whether he stays) and the fans (gate receipts and other revenue)! On both fronts Ashley must find a buyer by years end if he wants to maximise his investment, as the season draws to a close any uncertaintanty will put a squeeze on negotiations. I’m sure with his new investments in House of Fraser and Debenhams he will welcome disposing of the distraction and PR challenge faced daily by NUFC.

    • MadMag83

      I don’t disagree with what you say, but I think it’s a poor strategy from Ashley if true. Who on earth would want to buy the club at the price he wants, knowing full well that he hasn’t invested in the playing squad or facilities for years? If he wants to run the club on the cheap then he has to expect to sell on the cheap. If he wants top dollar, then he needs to invest.

    • Phil Yare

      lets remember the profile of the club has been tarnished. on a european level nobody knows who we are anymore. that would have a astronomical impact on the long term investment opportunities