The question on the lips of many Newcastle United fans is what’s happened to all the profits?

I’m not just talking about the transfer surplus, you have gate receipts, sponsorship, instalments from player sales and most importantly, instalments from £125m prize money. It’s fair to say we are looking at close to £200m.

I know that there are overheads and a large wage bill but everything into account, there ust be the best part of a  hundred million or so floating around somewhere,

I would like to know where and the club would do well to share this. Accounts in a year or two’s time will mean nothing if we do a Sunderland.

No doubt the purists will insist that money must stay in the club and there is no scope for wrong doing, whilst the cynics will point to Mash Holdings and the purchase of House Of Fraser roughly matching our profits. I’m not claiming either scenario but would like 3 questions answered:

  1. Where is the money?
  2. How does money find its way into holding accounts?
  3. Once in there, must it stay or can it be used for another concern?

Three straight questions and I’m sure that there are people out there that have the answers.

I would ideally like a club representative to answer the questions but any of the readership can have a go.

For what it’s worth, my opinion is that it will be there in the club but distributed in a way that makes sure Rafa certainly doesn’t get ‘every last penny’.

It’s clear that everything at the club is based on spreading funds out, for example buying on a one payment basis but selling to get instalments back. It doesn’t matter really but what is true is that the squad is weak, with a decent first team if avoiding injuries and/or loss of form. Relegation material to be honest.

The biggest question of all is what financial strategy risks losing hundreds of millions through relegation, when a reasonable investment used by a top manager would avoid this?

We all know that it’s Mike Ashley’s financial strategy for NUFC. He invests after relegation to protect his investment, it’s worked until now but the next relegation may provide a different outcome, maybe even a different strategy.

Can anyone answer the three questions without using bad language?

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



  • Paul Patterson

    4. Are the club paying stooges like Bishop, Wise, Keys, Gray, Ferdinand, etc.

    • Phil Yare

      trust me they are getting some kind of benefit. a lot of what they say is just to be controversial to try and get someone to listen to salvage their careers. Keys and gray are despicable human beings, even in 1996 their tactics (from a media point of view) were to sabotage our destiny to be the premier league champions successfully getting under KK’s skin.

      Can’t stand Rio Ferdinand, clowns around like a hiphop gangsta but hes just a celebrity wannabee who looks like a duck. When you think of the way Sir Les used to carry himself the man shouldn’t breathe the same air.

      • Paul Patterson

        I just wish he’d took up the boxing malarkey. Might have knocked him down a peg or two . .

    • Billmag

      Or Barnes ??.

  • Phil Yare

    the money went in the same direction as the james milner money, the shay given money, the andy carroll money, the cabaye money, the sissoko money, all filtered through different accounts associated with mike ashley and his business interests with cunning manipulation (hence the need to regularly hire scumbags)

  • Phil Yare

    what makes me laugh is the excuses like ‘it went on wages’. as if the rest of the premier league don’t pay their players and haven’t done so in the last decade

    • Wezza

      Ditto. It has never washed for me that about the wages. More so now since our wages are the lowest in a while!

  • Thomas Tonel

    How long we gonna give bunch of BS excuses for horrible performance of fat spanish waiter? When the fans will open their eyes and see what this guy is doing? Defensively minded coach, who would be happy to have 4 goalkeepers and 7 other players in the box, defending all day. Fat spanish waiter, you are washed out coach like your buddy Mourinho. No guts no glorry!!!!!! Thats why you and your countryman are going down!!!! Unfortunately, you are dragging our team into the mud as well. And by the way greetings from Mitro to you, Joselu, Perez and other spanish, no names(you drafted them) that you have on your team. Stop whining and start coaching, you chicken little.

    • Billmag

      Take a hike idiot.

      • Thomas Tonel

        can i take yo momma with me???

        • Superdooperhooper

          Who talks like that? Where are you from? You sound like a moron

          • Thomas Tonel

            cupcake, when you dish it out, be ready to take it in .

          • Westdentoon

            Come back when you learn English, wooden bonce!

          • Superdooperhooper

            Are you and your home boys gonna come straight outta Compton to pop a cap in my ass?

          • Kneebotherm8

            That’s cos he is a moron………simples…

    • Paul Patterson

      Hahahaha. Buffoon. Mourinho is Portugese. Ever looked at an atlas?

      • Phil Yare

        apparently mitrovic is spanish aswell

        • Thomas Tonel

          buddy!!! Dont jump on PP Buffoon band wagon to quick bro

      • Thomas Tonel

        yo, key word is buddy….not a countryman. dang it bro, you really are BUFFOON heheheh

    • Phil Yare

      you forgot to mention our spanish leftback….paul dummett

      • Paul Patterson

        I’ve heard he likes to be called Paulo Dummetto on the training ground. Same with Jonjo Shelvinho.

    • Lord

      Looking forward to going back to school next week?

    • glassjawsh-got-banned

      thank you for saving us all the trouble of spending a bit of time reading your inane nonsense before we eventually deciphered that you don’t know anything about soccer. dumba$$.

    • BanJones

      What a brave boy you are, a proper Mammy’s little soldier – blocked.

    • Wezza

      Another Lee brother ID = blocked!
      P.S. I really enjoyed Tottenham destroying you lot 3-0!

    • Albert Stubbins

      Nice try but try harder. Much harder.

  • When Saturday Comes

    The last two sets of accounts have shown £2m in the bank and £8m overdrawn so the answer to your question will not be known till March when the next accounts are due to be sent to Companies House. With regard to holding companies and Mike Ashley have currently lent the club £144m. While some loans have been taken back some have been added. Under no circumstances has any money been taken out the club nor has Ashley taken any wages,dividends or bonuses like the Halls and the Sheperds who took a staggering £144m out of the club.

    • Cockneytrev

      And so another Ashley hoop licker decides to add his accounting knowledge,,,

      • Kenny

        Vermin troll, ignore him

      • Lord

        New Disqus account that looks like it was setup yesterday with only two comments left so far. Ignore.

        • Paul Patterson

          Sounds like a Monk . .

        • glassjawsh-got-banned

          blocked

        • Cockneytrev

          Yep just looked,, these people are so transparent,, (unlike NUFC accounting) it’s embarrassing,,
          perhaps ashley/bishop should start rehiring,,,,

      • Jezza

        Not another one, the same one under another ID.

    • BanJones

      You’ve been rumbled dipstick – Blocked.

      • Kenny

        halfwit troll

        • BanJones

          Do what bonny lad?

    • Superdooperhooper

      Give over Monkseaton you’re fooling no-one

    • jack

      Your an idiot

      • Ben Jones

        You’re . Irony?

    • Wezza

      Monkseaton/ghostrider/fleckman/lee brother = Blocked!

    • Albert Stubbins

      Absolute BS!!

    • jack

      Another idiot troll

  • Cockneytrev

    Key Ashley’s brown nosers, explaining if it wasn’t for Ashley the state we would be in, playing against the like of Blyth spartans and not holding our own at the top table, with top players, competing in Europe season after season, the darlings of the media, with top companies knocking at our door too advertise, in Forbes top 10 as one of the richest clubs in the world and all this with the cheapest tickets in Europe,,
    GOD BLESS UNCLE MIKE!!!!

    • Kneebotherm8

      Blyth Spartans reserves………if it hadn’t been for our saviour Mike……..Hallelujah…….

  • Kenny

    Fat Rats accountants are as bent as a dogs hind leg

    • Kneebotherm8

      Lies,damned lies and Ashley statistics……

  • X2

    The money’s gone, never to return. I estimate Ashley is stripping out about £40 million a year when we are in the PL. Eleven years of that less, say, 4 years for the costs of bad decisions by some of his appointed managers plus two relegations and that means 7 X 40 or £280 million gone.

    • Paul Patterson

      These department stores don’t pay for themselves . .

    • phildene

      Aye and the rest! He’s been ripping the club off big time by £’m since he came here.

  • GlasgowMag

    Just had a conversation with ghostly boy this morning regarding tv money revenue and spend on players compared with Wolves:
    Wolves total revenue generated last season £530.000 compared with NUFC £123 million.
    Wolves net spend on players £32 million compared with NUFC 0% + gain 23million
    Total spend of tv money players this season Wolves 100%
    NUFC -approx -21%
    Funny enough he didn’t finish the conversation 🤔🤔😂😂🤣
    PS I’m no accountant or mathematician but something looks a bit fishy!!!🐟 🐠

    • Ben Jones

      So wolves have spent their TV money before they’ve received it yet we have not, sounds like we’re light years ahead

      • GlasgowMag

        No I think the point is where has your boss hidden our TV money!!😂😂🤣🤣

        • Ben Jones

          It comes in sections, wolves have spent theirs before they have received it, we have not

          • Kenny

            🤡🤡🤡🤡🤡🐀🐀🐀

          • glassjawsh-got-banned

            how is not spending money on players better than spending it? and if you say something idiotic about player wages or the debt Ashley owes to himself, I’m blocking you.

          • Ben Jones

            I never said it was better, I’m saying they are spending the money of the future, we are not, we will still get this money, at which point we will be spending what we have and wolves will still be spending future income, but they can only keep doing this for as long as they maintain their premier league status or until it’s all swallowed up by wages and they have no more they can tap into, at this point they have peaked and are looking down at their destination

          • glassjawsh-got-banned

            “sounds like we’re light years ahead” – Ben Jones. an hour ago. you idiot.

          • Ben Jones

            Yes we’re light years ahead, what’s your point?

          • glassjawsh-got-banned

            “I never said it was better: – Ben Jones. 14 minutes ago. you idiot.

          • Ben Jones

            You’re confusing two statements, it’s possible to be the hottest summer in history AND announce it on a surprisingly cold day.

            Idiot

            And it’s football not soccer

          • glassjawsh-got-banned

            if you call it football but are from a country that calls it soccer, you’re an a$$hole. Something you have PLENTY of experience with.

          • Ben Jones

            Yes I fully expect you to quote our transfer figures in the currency of your motherland too, you’d be an a$$hole in that country if you didn’t afterall

          • glassjawsh-got-banned

            I have to, my keyboard doesn’t have the pound symbol…

          • Ben Jones

            Nor the intelligence to copy/paste it either it seems

          • glassjawsh-got-banned

            you contradicting yourself and then pretending like you’re not is starting to get boring.

          • Ben Jones

            Not at all, we’re light years ahead because we have around 100m cash NOW, PLUS if we tapped into future income like them there is another 100m, so yes I’d say 200m ahead of these clubs with a greater turnover is light years ahead.

            Do I think the money is better off in the bank rather than on the pitch? Nope, so long as it’s used on buying the right players

          • Danimal

            As above, when the second chunk comes in, Wolves won’t need to spend much of it, as they’ve already upgraded in year one. Same in the third and fourth years. Nothing is guaranteed, you can make bad signings etc but I’d guess their fans will a lot more fun than us in the meantime. Your suggestion that they’ll automatically peak and sink forgets that some players actually put on value.

          • Ben Jones

            And the others go for free, or retire, or their value tanks, I’ve forgotten nothing

      • Danimal

        Yes but they will receive it won’t they? It’s not an ITV digital/football league scenario as far as I can gather. They’ll receive it after they’ve successfully negotiated their first season back in the PL, thus guaranteeing further income. They won’t need to spend 100% in future years, they’ll just build on what they did this year. Such an unusual idea, when you can just refuse to spend it each year and feed your customers shyte until the inevitable relegation, then release a bit of the money (or get lucky by selling your best players at a profit like last time) in an attempt to come back up.

        • Ben Jones

          Well you’re making out that they’ve 100% secured safety from relegation already due to their spending alone, ok, so who’s going down? Us Cardiff and Watford? That’s how it works right? I wonder where Watfords money has vanished to also? They’ve been in premier league longer, their fans must be extremely angry at how their cash has been stolen. Curious

    • Kneebotherm8

      A whale sized fish……………….named Ashley……

    • Wezza

      Ghostrider is a troll, theres no having a conversation with someone that ill.

  • Ben Jones

    Ok we have approximately 80m owing from past transfers and probably circa 20m in the bank, there’s ya 100m so can you please now drop this nonsense, it’s the same every week and the answer doesn’t [email protected] change

    • Kenny

      F##k off you piece of schitt, the Fat [email protected] robbing the club blind

      • Ben Jones

        Author of the piece is wondering where the best part of 100m has gone, it’s owed to us in player transfers, why does that anger you?

        • Kenny

          🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡
          Troll vermin

        • PoolieToon

          No he isn’t. £100m hasn’t even been mentioned..

          “It’s fair to say we are looking at close to £200m”

          If £100m is on £80m transfers owed and circa £20m in the bank, where’s the other £100m the article speculates?

          • Ben Jones

            I know that there are overheads and a large wage bill but everything into account, there ust be the best part of a hundred million or so floating around somewhere, I would like to know where and the club would do well to share this.

            Read it again before you try and catch me out, I won’t hold my breath for an apology…

          • PoolieToon

            You are an absolute end of a bell. You just go whichever way it suits you, don’t you?

            First your argument is:

            “Author of the piece is wondering where the best part of 100m has gone, it’s owed to us in player transfers”

            Then you say

            “there (m)ust be the best part of a hundred million or so floating around somewhere, I would like to know where and the club would do well to share this.”

            So, which one is it? Is there the best part of £100m ‘floating about somewhere’ or is it all explained on transfers owed?

            Is it £100m or £200m?

            You just keep digging that hole..

      • Wezza

        Hopefully David will when Burnley beat his beloved Manure later on!

        • Ben Jones

          I’m a Hebburn lad you disgusting troll

        • Wezza

          I must have hit a nerve. Manure 0-3 Spurs.
          Plus last seasons TV money has already been received. Manure scum.

          • Ben Jones

            You replied to kenny who was replying to me, it’s natural I’d assume you were talking about me. You’re such a bore

          • Wezza

            I was talking about David Lee, which you’re supposed to be pretending isn’t you, silly troll. Amazing how you talk like ghostrider as well. What are the odds. Amazing.
            Anyways, I’ve had my fun for now, will laugh later on once Burnley see to Manure.

    • Going from past accounts, those figures need juggling a bit. A shame that the club did not honour the Fans’ Forum date. It would be good to know if Ashley’s restructured debt has led to £30m being taken out. As far as past transfers, £27m or so was due in last season with a further £38m or so owing, some of which is due in this season. Of the money due out on signings, this totalled around £14m, most of which would have been paid before this season.

      • Ben Jones

        38m owing plus the sales from this season, assuming they’re mostly on tick and we only received around 25% then this would add approximately 32?m to what we’re owed, so yeah you’re right maybe 70m owing in transfers

        • It seems fair to assume that if £27m was due in last season, a similar figure would have been due in this season. OK so the figures are subject to conjecture, let’s be kind and call it £30m you are out.

          • Ben Jones

            I’m happy with that

  • Jezza

    Well one thing is for certain. We know exactly where £90 million of Newcastle United money has gone this past month.

    • GlasgowMag

      I think a more likely destination Jezza is the roulette wheel!!😂😂

    • Marty Dibergi remember

      You don’t know with any certainty. If you mean HoF, that’s very unlikely.

  • jack

    It’s not just this season , it’s in all his tenure , money mysterially has vanished .very cleverly or illegally ? Who knows , but it all needs investigation , who knows maybe these irregularities in Newcastle’s finances might be the thing which finally brings the Ashley regime to its knees .He’s a cancer which needs removing

    • Wezza

      You beat me to it Jack. Not just this last TV money.Its over years and years even when Pardew was saying we couldn’t compete with Stoke and Swansea. 52000 gate means a lot of turnover far more than Fulham, Palace etc. It has been happening for years!
      FCB out!

      • jack

        Yeah been happening for years , and I think if he’s ever gonna leave , his financial irregularities at Newcastle should be investigated , I just wish I was clever enough , it would be some task though because there just isn’t any transparency, but I’m sure someone could expose him

    • Cockneytrev

      The one thing I fear about this is that the club will be the one that has to pay, not the owner, points deducted etc , forced into administration because of the lying owner,,

      • Ben Jones

        Newcastle united are the club out of all clubs that are the furthest away from administration , worry about 91 other league teams going out of business before our club, I understand this fact will annoy you, sorry

        • Danimal

          Yes it’s clearly a fact that the two Manchester clubs are on the brink.

          • Ben Jones

            The exception that proves the rule

          • Danimal

            Tottenham, Chelsea, Southampton, Everton, Liverpool, Burnley, Arsenal…

          • Ben Jones

            Non have the cash reserves and lack of debt that we have, try harder fella

          • Lord

            I’m interested to hear about these cash reserves we have. Tell us more.

          • Ben Jones

            oh its in the form of players weve sold that we have yet to get the full transfer from as theyre paid in stages as reported in the accounts, its cash that we have….but do not yet have….but have nethertheless , plus im sure theres a few million tucked away here and there set aside for emergencies and the like

        • ZICO MARTIN

          Newcastle united are the club out of all clubs that are furthest from winning anything because we are no longer a sports club, we are a money club for one person only. All I ask is to have a club that tries not goes through the motions to be 15th

          • Ben Jones

            Ok

          • Will In Despair!

            Newcastle United are the only club out of another 91 league teams that has ZERO AMBITION and will now always be without ambition.

            We are probably the only club in that respect thanks to current owner!

            Thankfully, more fans are waking up to this reality.

      • jack

        Yeah that’s the worry , I suppose you have to weigh up the lesser of two evils .but I’d be in favour just to get this cancer out of the club , the fans would make the club rise again

        • Cockneytrev

          On balance I think I would as well , but I would want him doing jail,, I can’t see that with his wealth and connections that wouldn’t happen,,

          • Haitchdee

            Me too ,I posted a couple of seasons ago that the Fat lad can run us down to the Northern premier league. There is no way he can qualify as a fit and proper person .The premier league is only interested in revenue. So we are sunk until a miracle occurs .

          • jack

            The wealthy always get away with it , but I’d settle for him having to sell the club and his name splattered all over the papers , then all the trolls would be shut up

    • Will In Despair!

      One thing for sure is fom the cash alone he’s made from owning Newcastle United; you could retire, help your family and also your future generations, you’d be happy and have wealth you could only dream of, well not according to any apologists ilk and their nonsense, lol.

      • jack

        Yeah you could lol, I think I’d like future generations of my family to be supporting an ambitious Ashley free Newcastle more than anything though

  • Leicester Mag

    What’s remarkable is the inland revenue have never investigated this proven liar

    • jack

      Yeah and they should

      • Ben Jones

        Well [email protected] give them a call and let them know what you know (nothing) and see what they say/do about it then?!?!

        • Danimal

          Getting angrier and angrier the more people criticise his beloved Trashley.

          • Ben Jones

            Lol tired of whiners thinking they know something, by all means if they do give the IR a call, I don’t think the whiners do know anything (hence the nothing) . As I say, give them a call

          • Gallowgate Dave

            Ben you’re not daft, HMRC couldn’t give a toss how he runs the club as long as the correct tax is paid. Rich men have latched onto football to exploit fans love of the game and it’s the FA that don’t have the balls to protect the integrity of the game. They should insist on independently audited accounts for all 92 league clubs, this should be written into their constitution as a condition of ownership, that’s the only way we’d know whether Ashley is corrupt or just plain incompetent. Sadly they have no power in comparison to the Premier League who are a slave to the money, if the gravy train is still on the tracks they’re hardly likely to care about the odd exploitative owner.

          • Ben Jones

            its

            in

            your

            head

          • Gallowgate Dave

            What’s

            in

            my

            head?

          • Ben Jones

            dave this goes round in circles, no one can find proof of any money leaving the club – people say creative accountancy can hide anything and thats that argument won , pointless . no money has left the club , theres nothing for anyone to investigate, if there is then people need to show proof

          • Gallowgate Dave

            People are putting two and two together and drawing their own conclusions. We’ve gone from £76 million in debt (Ashley’s own letter to the Department for Culture, Media and Sport confirmed this figure) to £144 million in debt (latest accounts confirm this figure) despite 11 years of austerity under Ashley. So is he crooked or just plain incompetent because it has to be one of them? My post doesn’t confirm he’s crooked because you’re right I can’t, he privately owns the club 100% so there is a limit to what is in the public domain, what I’m bemoaning is that our sport is NOT primarily just a business or commercial activity and we should have rules in place (insisted on by the FA, the games “guardians”) to prevent exploitation – independently audited accounts, not accounts paid for by Ashley. If you don’t understand the conflicts of interest google accountants role in the 2008 financial crisis. They gave the banks a clean bill of health because they are paid by their clients. I’m not suggesting they are doing something illegal, at the very least self interest would stop them from breaking the law. But they work and are paid by their client and their loyalty is to them, certainly not us.

          • Ben Jones

            i thought his letter to the department of culture said the club was now debt free or words similar, i may be wrong , so the accounts say theres a 144m ‘debt’ and there was a 76m debt, does this mean hes put money into the club? is it relevant whether its classed as debt or not if theres nothing payable on it and the asking price includes it?

            i doubt ashley would have anything to worry about if what you suggest did happen

          • Gallowgate Dave

            Would you care if you had a debt on an interest free credit card? Just because you don’t pay interest on a debt doesn’t mean you don’t care you’re in debt. The £144 million debt is fully listed in the last published accounts, he expects it back and it is reflected in the asking price which hampers any chance of a sale (if you even believe he is a serious seller in any case).

            Assuming he has nothing to worry about in the event of an independent audit we can at least narrow it down to incompetence then.

          • Ben Jones

            the price he gets for the club includes the debt, he will only get what people are willing to pay therefore it cant be hampering any chance of a sale.

            if the debt on the interest free credit card was to myself i wouldnt sweat it too much trust me

          • Gallowgate Dave

            Maybe I’m doing you a disservice here but the “trust me” bit on the end of your sentence suggests an arrogance about your own personal finances. Let’s not play “my wallet is bigger than your wallet”. It’s irrelevant to our discussion. Besides you might lose.

            How can it not hamper the sale when the price for the club “includes the debt”? That makes the asking price £144 million more to compensate him for the debt. However he has more or less doubled the debt despite 11 years of penny pinching and two relegations due to his mistakes so which is it Ben, corruption or incompetence? I agree with you that we don’t know for a fact it’s corruption but if it’s not one it’s definitely the other.

          • Ben Jones

            Sorry I read only your first paragraph of horsesh1t, you asked me directly “Would you care if you had a debt on an interest free credit card?”

            My response was “if the debt on the interest free credit card was to myself i wouldnt sweat it too much trust me” read it and read it again until you understand that I was saying if I had debt to MYSELF then I wouldn’t worry about it

            now [email protected] off and take your 2nd paragraph and whatever it says with you. [email protected]

          • Gallowgate Dave

            Rattled much there Ben? No I don’t expect Ashley is too worried about an asset backed debt to himself. That completely misses my point though that of course the debt hampers the sale as he includes it in the asking price, not that I believe he’s ever been a serious seller.

            I’m not surprised you didn’t want to answer the 2nd paragraph. It deals in logic, a concept you Ashley apologists are very uncomfortable with.

          • Ben Jones

            No pal you’re just a [email protected] who isn’t worth corresponding with if you ain’t going to read the replies properly, ironically you turned into the one give it the big man on personal finances, the very thing you incorrectly called me out for

          • Gallowgate Dave

            It’s not always easy to understand exact meanings by text without being face to face and judging body language etc, and I did say I might be doing you a disservice to be fair, but that’s how your comment came across. Your reaction to me questioning you though was totally out of proportion. Most just block you or insult you, I’ve genuinely tried to engage with you as you have an alternative viewpoint to try and understand if you do have any validity to your arguments. You seem to have got yourself all worked up and frustrated though, again a common theme with Ashley apologists when confronted with logic.

          • Ben Jones

            It was very clear what I wrote and very easy to understand what I meant from it, do not try and make it out to be a text translation problem, go and count your money rich man Dave

          • Gallowgate Dave

            Quite the chip on your shoulder Ben.

          • GToon

            And we would have paid off the 76 million by now too as most of it was a loan for the stadium which we were paying off each year. He paid it off and then says we owe him. What about last years TV money that every other team seems to be using to invest in their club in some form or other.

          • Ben Jones

            paid it off with what? the 33m loss from one year trading or the millions we owed to clubs for past transfers or the millions in debt to the bank or the fully maxed out overdraft? just how would we have paid this off by now? we were going out of business, what youre saying is the same as a guy who was on 50k a year and got a 300k mortgage then lost his job, just because the terms says he will have it paid off in 22 years it doesnt mean he now has the funds to do so, why does basic stuff like this just go over your head?

          • Will In Despair!

            The payments were always made paid, in fact not one was ever missed!

          • Ben Jones

            Oh well naturally that HAS to mean non would have been missed, infact your ‘fact’ meant they could literally just keep spending money they didn’t have indefinitely. Of course

          • Censored BF

            that depends what you call debt. In reality, we had debts of £150m.

            We have more assets than liabilities now.

          • Gallowgate Dave

            I’ve read those accounts and the exact scale of the liabilities are not entirely clear but I have used the £76 million figure that Ashley himself stated in his letter to the Department for Culture, Media and Sport. Also Martin Samuel quoted your figure in his hatchet job article in The Mail and then was forced to issue a humiliating correction so the £150 million debt figure seems shaky. Even assuming you are correct though the debt was run up expanding the stadium and competing at the highest level, whereas under Ashley we’ve had 11 years of austerity, 2 relegations and at best the debt hasn’t reduced, at worst it’s almost doubled. So if he isn’t corrupt he’s incompetent.

          • Censored BF

            But that’s picking and choosing the debt. if we only had the stadium debt outstanding, there would not have been problem. The trade creditors debt was the issue, we simply could not afford to carry on without external finance.

          • Gallowgate Dave

            No it’s using the debt that Ashley himself quoted! But I’ve also already said even if we use your figure then the debt has not reduced in 11 years of austerity so basically it’s at the very least incompetence. I’m not arguing that we were in great financial shape when he arrived but you are speculating that we were insolvent, we had playing staff assets to sell, far more than we do now. You’re arguing black is white here. How long do you expect us to be grateful to a loan shark?

            P.S What were you banned for?

          • Censored BF

            I know his letter only included the bank debt, I think he was over-simplifying the matter for the MP.

            By looking at the 2007, 2008 & 9 accounts, you can see how the loan reduced the trade creditors as well as clearing the bank lending.

            Why banned? It looks like having a different view is frowned upon. Poor form, the independent voice seems to only be as independent as the editorial team allow.

            I don’t like bullies so will always carry on but it looks that Monkseaton’ has not posted either so I wonder if he’s been censored.

          • Gallowgate Dave

            Poor silly MP not able to understand the complexities of debt eh? I have my doubts. If Ashley has taken the time to respond to the MP I wouldn’t have thought he’d include something that makes him look even worse (ie debt has almost doubled) and when Martin Samuel published his hatchet job in The Mail he was forced into a humiliating retraction after quoting your debt figure.

            I don’t agree with censorship but Monk is unhinged man. He started calling my parents and dead grandparents scum because I believe in the right to protest. I’m not too bothered as I don’t know him, he’s just an anonymous internet poster to me, but I’m sure he’ll have said similar to others and they’ll consider that overstepping the mark.

          • Censored BF

            I did see that and I agreed with you, it was going too far. He was getting called allsorts by others but he should have limited his response to the guilty.

            Lots of people on here appear unhinged but I’m sure most are ok.

            WRT the debt, as I say, it’s there in the accounts. Creditors kept going up since 1997 which is OK but to get to the point were 5/7th of turnover was taken up by trade creditors means there is an issue.

          • Gallowgate Dave

            Well I’m genuinely not too bothered, just didn’t want you making Monk out as a martyr to free speech when he’s clearly a troubled man.

            I’ve read through the accounts very clearly and it’s not entirely clear from the entries (too vague) but yes I agree we weren’t in great shape. What I object to is those that say we were insolvent when we had significant assets (players) we could sell instead of being in thrall to a glorified loan shark who continues to exploit us with free advertising and almost certainly an unfair merchandising deal. What you apologists are never able to counter is the debt is at least no different to what it was in 2007 so at the very least Ashley is incompetent. But we both know he’s far more astute (greedy and exploitative) than that. You also don’t have an unsatisfactory explanation for why Ashley himself stated the debt was £76 million and why Martin Samuel was forced into a humiliating correction when he claimed the debt was as you say it was. Bobbi you even claimed JFK was a sound appointment man. I’d love to know what your motivation actually is because you’re not daft. Troll? Mackem? Bishop employee? Mag employee generating debate? Contrarian? All seem more likely than real views. Like my wife’s love of Towie I guess I’ll never be able to explain it…

          • Will In Despair!

            Lol, don’t they give a giggle, I’m thinking he’s an American Manu(re) supporter 😉

    • HarryHype59

      Isn’t there an investigation underway at present?

    • The Newt

      The problem is, he probably isn’t doing anything illegal in terms of tax avoidance so HMRC will be limited with what they can do. There is an enquiry open, and (if memory serves) the press have said this relates to fees paid to agents and French clubs.

      There’s nothing wrong, from a tax position, with moving money around a corporate group as long as someone eventually pays the appropriate taxes. This is commonly done for genuine reasons and in 99% of companies, it’s not an issue.

      Of course, we don’t want money moving out of NUFC…but if he is doing that, unfortunately HMRC aren’t there to tell him how to run his business.

      • Will In Despair!

        MA will always put the money where its vital.
        So yes, his Accountants will make sure nothing ever sticks 🤔

  • Wezza

    Great article. It does state however we have a high wage bill… we don’t… infact its the lowest it has been in some time.
    We know where the money has gone and ive been saying it for ages. MA’s back pocket.
    Get him out!

    • Paul Patterson

      It’s a common mistake many make. Shelvey will be highest paid on £60-70k. I remember once upon a time Shearer and Owen were both on £100k each, Luque asked for (and got) a ridiculous figure (his own words) and Emre and Dyer were in the same side on around £60k.
      This squad will be on peanuts in comparison.

      • Wezza

        Quite right mate and back in them days when Shearer and Owen were on 100k was 13+ years ago! Nowadays one player is 70k and the rest well below 40. +13 years! In this day and age! and we are paying less!!! Get this FCB out!

      • Ben Jones

        And that my friend is why we were heading fast for administration, our turnover for the last 3 years prior to Ashley remained stagnant at 85m, Owen was paid 5.5m a season and his transfer fee costing 4m a season, 9.5m a season (11% of turnover) *poof* gone just like that from an 85m turnover, just for one player, our record transfer signing

        You don’t know math

        • Paul Patterson

          I know math. We are being shafted by creative accounting. The figures are being fudged. Now buzz off.

          • Ben Jones

            Nah man you’re thick, talking about all these massive wages we used to pay when at the same time we had a 85m turnover and everything was in house so all the tops and shop rent and staff wages and match day stuff all had to come out of that figure also as well as being millions in debt to other clubs and the bank and overdraft and yet you can not accept we were going out of business

            It’s magic money to you, you don’t know math

          • Brian Standen

            I agree with you BUT how do Brighton etc do it? Will all these clubs go bust in the near future

          • Ben Jones

            theyre tapping into this seasons tv funds before theyve got it in the hope they stay up, their wages when they came up were around 50m a season less than ours, whether they go bust or do a sunderland or not depends on how far theyve stretched themselves and whether the signings theyve made can be resold for decent money, the parachute payments of course always help but its of little use if they are just literally plugging a financial gap by bad purchases, how often do clubs come straight back up? lets see how stoke wba and swansea fair this season, they have at the most 2 seasons to gain promotion before they turn into derby or forest or the sheffields, villa were almost gone 2 seasons after their failure to get promoted

        • James Hopkins

          Always thought that The Owen deal for £5m and all of the rest was paid for through Woodgate go in in the opposite direction.

          • Will In Despair!

            This is what all apologists ilk rely on, people forgetting exact figures or the deals etc, always leave crucial numbers out, and just keep (re)posting sloppy figures hoping peeps will eventually be persuaded, no actually conned, into believing their pro MA/SD 💩 😂

        • Geordiegiants

          Neither do you thickcunt it’s math’s, you fuckinbell end.

          • Ben Jones

            well that really added to the discussion, thanks

        • GToon

          It’s maths not math.

          • Ben Jones

            and the rest of the post?

          • Will In Despair!

            Is utter 💩💩💩?

          • Will In Despair!

            Likes of the Americans say Math, which always makes me laugh today, as my tutors loathed it 😏

        • Censored BF

          Spot on, the club owed £50m in unpaid transfers in 2007, around £30m of which was due to be paid out from 2007/8’s income. The wage bill at the time was approaching £70m, we were in serious trouble.

        • Will In Despair!

          Mmm… I’m not using their pdf’s, but have quickly gleaned this info off a very reliable source:

          2006 DT Rank-12 €128.9
          2007 DT Rank-13 €124.3
          2008 DT Rank-14 €129.4
          2009 DT Rank-17 €125.6
          2010 DT Rank-20 €101.0
          2011 DT Rank-?? ???
          2012 DT Rank-25 €98.0
          2013 DT Rank-22 €115.3
          2014 DT Rank-25 €111.9
          2015 DT Rank-19 €155.1
          2016 DT Rank-17 €169.3
          2017 DT Rank-21 €168.2

          DT = Deloitte Touche, currency Euro’s.

          One thing I would love to know the true figures for, as with a decent fan base inc what 51+ thousand recent seasons, and with still a decent 45K+ crowd previously; is likes of merchandise revenue.
          I bet it’s probably the lowest among the Premiership teams? I’d even go as far as worse than some/many Championship teams?

          After all who in their right mind would readily hand that 0dious goit even more money, when knowing for a fact, and history now proves, that it is never ‘reinvested back’ into our club.

          Coupled with knowledge of recent TV deals: Premier League TV broadcasting rights revenue rose significantly from 1,706 millions in 2007/10 to 5,136 millions in 2016/19.
          This itself is a solid reason to buy the club!

          In my view it show incompetence and a disastrous ability not to maximise all profit streams, as per ALL OTHER PREMIER TEAMS HAVE IN RECENT YEARS.
          Well all except Newcastle United that is, and all because of inept running of a club, a business that without trying makes what 120+ millions per year?

          Yes, it sure looks like we we’re heading into administration so very fast! As ALL apologists want fans to believe!!!

          • Ben Jones

            Eh? Your figures back mine up, a stagnant ~85m turnover, what exactly are you disagreeing with in my post?

    • Lostprofit DBC

      I see your point in relation to what other clubs now pay. I was just making the point that the overheads have to come off. Still reckon there is £100m about. Nobody from the club seems to have the balls to answer. I know they have reps on websites.

      • Wezza

        For sure overheads come off but we are saving more and more on wages.

  • Lostprofit DBC

    I wrote the article to get answers but to date there seems to be nothing but opinions. Can anyone from the club answer me please? In the event of no reply I will presume, 1 held in the club awaiting creative accountancy 2 an institution used for 11 years to serve the creative accountancy 3 money never seen again as a result of creative accountancy.

    • Censored BF

      In answer to your questions, where is the money? – most likely in the club bank accounts

      How does money find its way into holding accounts? – I think you mean MASH, the answer is no, it doesn’t or moreover, hasn’t gone into any other accoun.

      Once in there, must it stay or can it be used for another concern? – Up to the most recent accounts, money has not moved out, quite the opposite, money has been introduced by other MASH companies

      • Lostprofit DBC

        Thanks

  • Big Hairy Man

    The money will have fallen into the deep, dark abyss that is MASH Holdings. It’s like a black hole. Once something goes in it never returns. Only wish fatty would fall into it.

    • mactoon

      Limited companies become a legal entity in their own right when they are incorporated at Companies House. That means the company’s assets and profits belong to the company, not the business owner and are separately shown in the companies accounts. you cannot simply take money out of the business like a sole trader unless it’s for directors salary, directors loans or dividends

      • Angelswithdirtyfaces

        But you can write down sums as capital losses, defer costs and revenue to another financial year, under or over value goodwill. You can sell assets to or buy assets from holding companies on the cheap, and conceal transactions by using such holding companies. There are any number of accounting scams. This is why all of the big four accountancy firms have taken hits of £100s of millions in fines – especially in the States. UK oversight is pretty dire, which is why London is a money laundering capital.

  • Wezza

    They call us deluded, they’re flying a plane at Burnley v manure with a banner complaining about their chairman! Mourinho bought Fred for 50M+!!!
    Try having MA!

    • Ben Jones

      I wouldn’t know I’m not watching the man utd game that you are..

    • Wezza

      I offended the troll! I didn’t watch the game I read about it on twitter. Not having a good day are you David?

  • mactoon

    Steve I’m not being sarky but an honest question, do you read the accounts?

    They are available to view at Companies House (google Newcastle united accounts) and the ins and outs are set out in them. I’m not an accountant I am just basing an opinion on the information I see (but I do agree accountants can make them say anything they want and the following comments are based on that basis). The biggest problem is they are published a year in arrears. This means the receipt of the £123 million TV money hasn’t even been published yet in accounting terms so we can’t even tell what it is being spent on.

    Don’t get me wrong I am not saying Ashley is NOT doing anything wrong, I am saying there is no evidence that it is happening. The club has money, he’s just not spending it on players or other tangible assets (training ground etc)

    HoF is being bought by Sports Direct money and there is no evidence that NUFC funds are being used for it.

    (without proof, just because someone believes he is doing wrong doesn’t make it fact!)

    1. The money is in the bank but not publicly accounted for until this years accounts are published. (next year!)
    2. I suspect a company owner can move money around within the club accounts as they see fit subject to no. 3
    3. Limited companies become a legal entity in their own right when they are incorporated at Companies House. That means the company’s assets and profits belong to the company, not the business owner and are separately shown in the companies accounts. you cannot simply take money out of the business like a sole trader unless it’s for directors salary, directors loans or dividends. Also if you take money out of a company that is in debt you could end up in trouble if tax and other financial liabilities have been settled.

    I would imagine if anywhere near the amounts some people are saying were disappearing, it would show up in the accounts and I’m just not seeing it.

    Of the £85.7 million turnover in the last 2017 accounts, the wage bill during the relegation season was a staggering 139% and on recent seasons it is around 50 – 70% of the money coming in so it wouldn’t appear that we have millions swashing around to remove anyway once the other bills are paid.

    The main problem with the way Ashley runs the club compared to other clubs is that they are willing to speculate by spending more than they have in the bank at the time of the transfer windows, ie they speculate by spending money that is coming into the club further down the line (staggered tv and player sale money for example) Ashley will only spend money on players that the club has in profit at that particular time of that transfer window and will not speculate by spending money the club has not yet received.

    He runs us as a business on a profit and loss account basis which focuses on the amount of money in the bank while ignoring the benefits of improving the first team, which means we continually sell players for profit and replacing them with cheaper players resulting in a weaker squad whereas almost every other club realises that you need to spend the club’s money in order to improve the team on the pitch in order to make the club more successful and in turn, more profitable.

    We have the money, he just won’t spend it and as long as the club advertises his main interest, Sports Direct without him having to further invest in the club, he never will. THAT’S why he should have never bought a football club and THAT’S why the governing bodies of football should never allow such a person to do so ever again by tightening up the good and proper ownership rules.

    Rant over 😊

    • Wezza

      All what is printed is a summary. Do we have evidence of bank statements? No.
      Just remember. MA is a lying, poor excuse for a human being. The evidence is in our faces. Every penny? HMRC raid? Proven in court liar? Way he conducts his business practices?
      If a proven robber is on the loose and there is a state of burglaries where he was last seen doesn’t that suggest something? Yes, just an analogy, but a good one.
      I do remember seeing one small print saying transaction between parties do not have to be listed. Parties being MASH Holdings, St James Holdings etc.

      • mactoon

        as I said, I’m not saying he isn’t doing anything wrong I just won’t accuse him without proof. That’s slander!

        I’m just pointing out why evidence in the plain light of day shows why he isn’t a good football club owner

        • Wezza

          You make a good point, while there isn’t any direct evidence of it, that is for sure but on the flip side if they were really doing something wrong I don’t think they would leave it out there for all to see. They would try and cover their tracks.
          The 90M championship loss was exposed, the “debt” was exposed and soon MA will fully be exposed.

          • mactoon

            let’s hope so but if he is it will come out. I am cautious to point the finger of blame because Staveley did due diligence of years of accounts, surely if she found anything it would have been made public by now and she would have walked away?

          • Wezza

            She probably saw what we have seen in the accounts, thy proves nothing.
            It is simple. Creative accounting moves a bit here and a bit there at certain times.

          • Ben Jones

            and here lies the complete basis to your claims ‘you think’ and ‘creative accounting’

            absolutely zero actual evidence, just ‘feels’ lol laughable

          • Lostprofit DBC

            Whilst you are lol perhaps you could answer the last question in the article. Why would any financial strategy risk relegation…

          • Ben Jones

            Team finished 10th last season and has been ADDED to, if we go down this season I know who’s fault it will be

          • Lostprofit DBC

            Team did well last year but it was the least number of points in EPL history, to finish 10th. We had few injuries and kept form. This year we are at serious risk as competitors have all improved. ADDED to, as you put it yes but LESS than anyone else. Rafa warned of the implications and the restrictions in formation etc. Ashley out.

          • Ron

            I repeat me post from a few weeks ago:

            At the risk of boring every one to death, doesn’t the new
            FRS 102 (Financial Reporting Standard) under S23 require SD to account for the fair value of the consideration received or receivable? In which case it should be shown as a cost in SD accounts and as income in NUFC co accounts. I might be wrong I’m no expert, but perhaps it would disrupt the AGM of SD if someone owning ONE of their shares (and therefore entitled to attend and vote) went to ask that and any other nasty questions.

            I warned it would be boring – sorry!

            It does look as its creative doesn’t it.

          • mactoon

            Due diligence of a football is a lot more detailed than looking at a set of generic top level accounts held at Companies House, it includes all financial docs relating to land owned, leased, minutes of meetings, stockholder agreements, stock records, details of loan agreements.. the list goes on and on. If there was something fishy about the club finances I doubt Staveley would have left the last offer on the table, she would have dropped interest like a hot brick. Google Due Diligence Checklist

          • Lostprofit DBC

            Thank you for your thorough explanation. No I haven’t read any accounts. That’s why I asked. You weren’t being sarky….

          • HarryHype59

            She has walked away! Not a squeak from her or her backers for months.

          • mactoon

            It depends what you mean by walk away. The last bid is still on the table and she is waiting for Ashley to re-engage.

            (From an interview with Staveley by George Caulkin of The Times in January) Back on November 17 a third bid was made, £250m payable in full. Benítez to stay as manager. No clauses. In the middle of December, Staveley was told that “another bidder” had emerged, prepared, according to Ashley’s people, to pay £350 million he wanted. PCP said, fine, but come back to us if you want to re-engage. Since then, they have heard nothing. “Where are the other bidders?” Staveley says. “I’m very much still interested in buying Newcastle,” she says. “And our bid remains on the table.”

    • Marty Dibergi remember

      I agree with much of what has been written. However, the FA cannot dictate how clubs are run. Given the number of clubs that have gone bust, it would seems strange for the FA to punish owners that are overly prudent.

      To me it’s the financial race to stay in the premier league that is far more dangerous than the prudence of not over-spending. Of course, the prudence makes the risk of relegation higher as so few clubs opt for this option.

  • Wezza

    Ever wonder why the trolls don’t post when there is a Manure game?

  • Spoon_Army

    Who knows where the cash is?

    Ashley is playing a game of “chicken” with the bottom half of the PL 😁🐔

  • Hopey

    If Ashley had managed to get his grubbys on Rangers all the Sports Direct shops in Scotland would have been burnt to the ground

    • Ben Jones

      ok what are you saying?

    • Lostprofit DBC

      Is that a horse or Ashley’s cash cow? Or where the money goes?

  • Michael Pattison

    This question always keeps appearing, we all know where the money goes, into fatty’s pocket. no point asking it anymore we all know….

    • Lostprofit DBC

      We have our suspicions but we need the pressure on him to get to the truth. Also we need the world to know, to educate the media,

  • Censored BF

    Where is the money? – most likely in the club bank accounts
    How does money find its way into holding accounts? – not sure how you define a holding account, it’s in the bank or shown as owed to the club.
    Once in there, must it stay or can it be used for another concern? – it can be used for anything the club want

    • cmrowley

      I think he means MASH holdings

      • Censored BF

        In which case, no, the money stays with the club.

        We will not know until we see the accounts in March or April next year but historically, nothing has been taken out of the club but for the additional loan Ashley put in back in 2010.

        • cmrowley

          I agree, nothing has been taken from the club once it’s been given to the club.
          Mr Ashley gets his bit before it gets to the club, the club gets what is left.

          • Ben Jones

            ….and here’s the proof everyone…….

            cmrowley? Cmrowley?

          • cmrowley

            Does Newcastle United Football Club (as opposed to Newcastle United Limited) receive every penny from merchandising?

            Does SD pay for advertising?

            Mr Ashley owns the trademarks to the NUFC crest, the words Newcastle United, various other imagery. He has them sewn up for any item you can imagine, from chocolate bars to wall paper to cuff links, for use in games, on TV, satellite, and cable.

            Owns them all, expire at different times but up to 2025 for some.

            As Newcastle United Limited owns the TM for use of emblems on every single class of goods, I’ll be surprised if they do not receive any compensation from sales, or the club (Newcastle United Football Club) does not have to pay an amount for use of such emblems.

            The government run intellectual property web site www
            . ipo . gov. uk/ tmtext /… shows that Newcastle United Limited owns the rights for everything.(remove the spaces, inserted so can post without being blocked)

            From the club website;

            “Newcastle United Limited is the company which owns Newcastle United Football Club. The ultimate parent company of Newcastle United Limited is MASH Holdings Limited and the ultimate controlling party of MASH Holdings Limited is Mike Ashley”

            As for shirts and sales and the split between supplier, SD and the club? I’m not able to find this out, but I’d be very interested to know if the club makes more money on shirt sales than SD.

            He can do what he pleases as he has it all, I just find it disingenuous to suggest that he gets/takes/diverts nothing from the club. I agree he may not draw a salary, a dividend, but to say he takes nothing is not true.

          • Ben Jones

            I’d imagine SD make more money from the shirt sales, but that’s a bogus point isn’t it, as that side of the operation would ALWAYS cost more than the profit received from it, as in if it was all in house for every shirt we sold for 55 quid it would cost us more than 50 quid to sell it, you’re trying to find issue when it isn’t there, but by all means keep digging

          • cmrowley

            Would it ALWAYS cost as much as it currently does? What does NUFC receive from a shirt sale in comparison to SD?

            How much do you think MASH receive for the sale of a shirt given that NUFC as a club doesn’t own the image rights?

            How much does the club receive for every pencil, tie pin, cup, baby grow and t-shirt? We don’t know do we, but the fact that the companies are split up and the path is as convoluted as it is suggests that maybe all the money that the club could earn isn’t flowing into the coffers.

            Shall we just ignore the other other points?

            Let me ask you a question, do you think MA is making anything from his relationship with NUFC?

          • Ben Jones

            Well I think he’s turned it around so that inflation adjusted wise he’s probably gonna make a few bob when he sells, and I dare say SD have benefitted from the advertising. Hope this helps

          • cmrowley

            hope this helps what?

          • Ben Jones

            You asked me a question and I replied with my thoughts on it, I hope it helps the reason for you asking

          • cmrowley

            I asked you multiple questions, you replied to one, so no, it doesn’t help.
            I also made multiple points, but you only responded to one.

          • Ben Jones

            I thought the others were rhetorical to be fair as I don’t know how you’d expect me to know the finer details of what you were asking and also you finished off with “let me ask you A question”

          • cmrowley

            Considering you initially asked me to provide some evidence I assumed you’d be interested in refuting all the points made and not only one but let’s leave that and focus on your response to the direct question. I’m afraid I need to ask another question, for clarity.

            Are you saying that, you think MA’s is not currently benefiting from NUFC in any way, other than the SD freebie advertising?

          • Lostprofit DBC

            Thanks for contributing, you clearly know what you are talking about. The clarity of answers I asked for. You also see the important things and of course another struggle.

          • Marty Dibergi remember

            Both the club and sports direct benefit from the arrangement.

          • Superdooperhooper

            How do you know? explain. Why is the nufc shop a SD shop ? Where does the money go from merchandise?

          • Marty Dibergi remember

            As far as I gather, the sales go through SD and NUFC get the profit after a management fee.

            It seems fair enough, if the club get the benefit of their huge economies of scale and SD make a few quid, all is well. SD do the procurement for a few clubs and it makes sense.

          • Superdooperhooper

            Prove it

          • Marty Dibergi remember

            We all know it’s a confidential arrangement and that’s not going to be disclosed for good reason.

          • Superdooperhooper

            Yeah for good reason ? Cos Billy bunter pockets all the profits

          • Marty Dibergi remember

            Why would he want SD take the profit when he owns 53% over Nufc that he owns 100%

          • cmrowley

            Who and what are you answering here?

          • Marty Dibergi remember

            The response was to you. SD do benefit from their fulfilment deal with Nufc, of course, that’s what they do. Nufc benefit because we get more profit. A win-win.

          • cmrowley

            I asked if MA benefits from NUFC.

          • Marty Dibergi remember

            At the minute, no. We’ll see if he benefits if and when he sells.

            He has £276m tied up in the club, it’s looks unlikely that he’ll make a great deal.

          • Gallowgate Dave

            Excellent response.

          • Cockneytrev

            You make the point very well that most people try to put forward,, Ashley has whatever way you want to put it , taken tens of millions if not hundreds out of the club in various guises, be it land sales , product sales, outsourcing, renting things back to the club,etc,,,
            the club accounts are so non transparent it would take a top accounting company to unravel them and this is why it Is done, to make everything legal and above board, it makes it look like the owner takes nothing and is in fact a benefactor, but the playing squad and the state of the training facilities tell another story,, from owing £60+ mil to now owing £144+mil, no one can tell me how we are financial better off,, I’ve spoken to decent accountants and every one says we are worse off.
            (Not all Newcastle fans)

          • Marty Dibergi remember

            The Newcastle united group of companies own the IP.

          • Censored BF

            I don’t think there is evidence of that either

          • Salty

            How would that work, do you think Sky pay in ten pound notes?

          • cmrowley

            Have you read further down the chain?

  • Lostprofit DBC

    Fit and proper owner?

  • Brent Jackson

    Whenever I mention Politics The Mag don’t print my comment so you’ll probably not see this but I’ll try. Ashley gets away with his blatant exploitation of the supporters of Newcastle United and his desecration of the tradition and culture of the Geordie nation because it’s the same philosophy and policy of our government peopled by sociopaths who made their fortunes lying to and exploiting and abusing the common bloke. He’s an immoral and aggressive capitalist so is fine with Sky and our government..that’s what we are up against and to fail to see this wider picture is frankly inane.