Mike Ashley has taken money out of Newcastle United since the last accounts.

The Newcastle United Fans Forum minutes finally published on Friday 5 October, 11 days after the meeting was held.

Actually some interesting stuff this time.

The minutes reveal that the owner has taken cash out, meaning the amount owed to him has dropped, the minutes stating: ‘The amount owed to the owner was disclosed in last accounts and the figure is currently less than that.’

Much of that money ‘owed to Mike Ashley does of course relate to what was basically part of the price of buying  the club, such as the mortgage that was still owed on the stadium redevelopment.

No amount stated of what he has paid himself back but no doubt this had an impact on the summer transfer spending.

The club also state that Sports Direct pay for all ‘advertising in the stadium’, with the claim that ‘Sports Direct is only allocated what the club doesn’t sell.’

It appears to indicate (see below) that Sports Direct must pay a lower rate for  this ‘unwanted’ advertising but difficult to believe that all the advertising positions couldn’t be sold to other businesses.

SD of course get numerous other benefits such as getting exposure at all press conferences and at the training ground for example, so whatever they are now paying (which is better than the previous position at least), they will still be getting a great deal.

Newcastle United Fans Forum minutes (Meeting on Monday 24 September 2018):

AH: “There is an idea from fans that the club has £30m – £50m in the bank. Is that accurate?”

The club stated that it was an oversimplification to talk about a cash position at any particular point in the season.

The cash flow has peaks and troughs through the season and has to be managed – including periods to ensure the club is not in a negative cash balance – with support given either by the owner or through an external lender.

Either way, by the end of the financial year we aim to pay back what is owed, in terms of short term funding, to whomever it is owed.

The amount owed to the owner was disclosed in last accounts and the figure is currently less than that.

However the source of funding and level of funding required for the remainder of the season is not yet finalised, so this position may change.

Sports Direct

There is now an agreement in place whereby Sports Direct pays for all advertising in the stadium.

Sports Direct is only allocated what the club doesn’t sell and that arrangement can be terminated immediately by the club if another company is willing to pay more on a fair commercial basis.



  • Paul Patterson

    When someone’s PR company can come out and deny that someone made a V-sign, when there is photographic/video evidence to prove otherwise and then threaten media outlets who report said gesture, you take everything said with a pinch of salt . . ✌️

    • Wezza

      Not to mention being proven in court to be a liar and guilty of deceiving the fans and media.
      The regime is running out of ideas they’ve backed themselves into a corner and the truth is coming out.

    • Ram Kishore

      I really don’t know the V sign was intentional or unintentional.
      It may have been accidental one for all we know. Be no one in right mind would show a middle finger.
      But in the end media spinned it in the way that suits all except the owner.
      I am just being honest here
      He may not the like the fans but I do believe he would have to be stupid enough to show the fans the finger

  • Alex

    So, I was right – it was us that bought HoF.

    • Sickandtired

      Nah you weren’t. SD bought HoF not him personally. The £20+ million transfer profit Rafa made went back to Ashley’s pocket.

  • FatParosite

    Lies… Lies… Lies… Lies… Lies… Lies… Lies… Lies… Lies… Lies… Lies… Lies… Lies… Lies… Lies… Lies… Lies… Lies… Lies… Lies… Lies… Lies… Lies… Lies… & haistly arranged accounts of half truths…

  • Clarko

    ‘The amount owed to the owner was disclosed in last accounts and the figure is currently less than that.’

    Hey look at that, we found out where the money went.

    • Geordiegiants

      How much went to payback dickwad?

  • Tweed Mag

    Typically vague. When will they tell us exactly where the money has gone?

  • Steven05

    Desperate lies an bullish!te

    If we don’t push harder now we will regret it

  • Dillon Tovak

    “Sports Direct is only allocated what the club doesn’t sell and that arrangement can be terminated immediately by the club if another company is willing to pay more on a fair commercial basis.”

    That is the biggest load of absolute 💩 I’ve ever heard in my life.
    Words fail me.

    • Pezza

      That’s not actually valuable space.

    • Martin Rooney

      Suggest you go to the game there’s dozens of local businesses on there and facebook where advertising the other week.

      • Dillon Tovak

        Think you missed my point but ok.

  • Clarko

    ‘The club was pleased to secure the manager’s number one transfer target, Salomón Rondón – and also Yoshinori Mutō, a player the manager wanted in January 2018.’

    ‘The club explained that several more players were pursued, some of which were well above and beyond the club’s current transfer record. For a number of reasons, the deals were not possible despite the money being available for these players.’

    ‘The club discussed a number of other striking options , some of which were well above and beyond the club’s current transfer record, however ultimately the club pursued Salomón Rondón at the manager’s request. The club’s preference with Rondón was for a loan deal.’

    ‘The club explained the release clause fee is just part of a deal, with wages over the period of a potentially long contract and agents’ fees factored in. A loan agreement was preferred.’

    ‘The manager wanted the player and the best deal for the club was to loan the player. The club would not have done the deal it did if the player wasn’t the number one target for the manager.’

    ‘The club confirmed that there was money available for the right players. Players have to benefit the club not only in the short term, but also the medium-to-long term.’

    (Further) Confirmation that Rondón was Benitez’s number one target.

    • Cockneytrev

      Ashley hoop licker,,👅👅👅

      • East Durham Mag

        🤣

    • Kenny

      You do come up with a load of schitt, get back in in your bin you Rat

      • S.G.M.

        Oh dear, oh dear.

    • Billmag

      Where’s the money gone brain box.

      • Clarko

        You’re right, I am a brainbox.

        • Billmag

          Will you enlighten us as to where the money’s gone o wise one.

          • Clarko

            The answer is in the article, I actually quoted the answer below in the comments. Why don’t you just read the article before you post? Instead of following me around the site making yourself look stupid…

            ‘The amount owed to the owner was disclosed in last accounts and the figure is currently less than that.’

          • Billmag

            There’s no answer you just make things up, you skirt around trying to justify your existence with mumbo jumbo.

          • Clarko

            What are you talking about ‘there’s no answer’ and I ‘just make things up’? The club, not me, have just told you where the money went dummy.

            😂 😂 😂

        • Kneebotherm8

          Cuckoo cuckoo CKO……..

    • Ram Kishore

      I believe Rondon was his 1st choice.
      But I suppose Muto wasn’t, I think he was brought as a cheaper alternative to plea

      • Clarko

        Yeah we don’t really know, the fans forum stated the Benitez wanted Muto in January but we know Jørgensen was first choice then, whatever the case Muto was high on the the “list” of targets.

        • Ram Kishore

          All players are usually given time to adapt.. if he doesn’t start him today, I see your point.. but rushing players in who were never part of pre season or never been with the team for sometime that too someone new to PL and doesn’t speak English takes time to adapt not having any pre season minutes.
          U can see where I am going right

          • Clarko

            Time to adapt? He’s been here since August 2nd, it’s now October 6th, we’re seven games into the season, in the relegation zone, we’ve only scored four goals and he’s played 86 minutes of PL football…

            You don’t have a point.

    • Martin Rooney

      This is a manager who part swapped part for a striker whose record at scoring in the premier league was worse than the play he was swapping out.

      • Clarko

        This is a manager who picked Joselu ahead of Mitrovic.

  • JohnnyH

    “The cash flow has peaks and troughs throughout the season”

    Why didn’t they get pinned down about the £123 million “peak”

    Lying ba$tards

    • Martin Rooney

      The payments are made during the season the club uses that to pay players. The ticket sales pay for no more than Rafa, shelvey lascelles, rondon, Clarke, dummett and diame. There’s another 20-25 high earners on top of that

      • JohnnyH

        Ok
        Over the course of the season,
        £123 million tv money
        £20+ million gate receipts
        £20+ million commercial revenue
        £20 million transfer surplus

        Subtract salaries and running costs for the season at £4.2 million for Rafa and say £15 -20 million for the rest of the team, say £20 million running the club,

        Say I’ve underestimated by £30 odd million

        Where’s the remaining £100+ million then?

        • Wezza

          Well 90M of that went to HOF and the rest is in MASH Holdings.

          • JohnnyH

            Aye, funny how these [email protected] think they can flood this site with duff gen and we’ll take it all in.

        • Ram Kishore

          U have really oversimplified or reduced the wages to a great extent if I may be right.
          What about all these reports that Rafa earns 100k per week, the coaching staff needs to paid.
          Only 15 to 20m for the rest of the team?
          Too low I think. Unless we know more factual details. We can only speculate I suppose.

          • JohnnyH

            Ram
            Rafa is on £4.2 million per year (£81k per week) that’s available to see online.
            Maybe the players wages I was a bit tight on, if you research it they work out at somewhere around £35 million. Plus I did include £30 million underestimate in my last post.
            The point I was trying to make is if you do basic calculations, there has to be well in excess of £100 million lying around somewhere, (even if some of it is income in phased payments), that they’re not mentioning.
            None of it is being committed to spending on the club, so where is it?
            My guess is it’s being used as assets to service Ashley’s other business interests.

          • Martin Rooney

            Football staff thats under 7’s coaches to physios shelveys and elliots to your longstaff and Callum Roberts wages is in the accounts at £97m, the club stated this inluded the future wages of those surplus to requirements saviet and lazaar. So that leaves you with around £85 -£90m annual wage bill.
            Reported costs are not the same as actual costs or income.
            Rafa’s £5m wage costs the club significantly more due to national insurance contributions.
            Similarly if Fulham send nufc £25m for mitro VAT could mean nufc’s take may only be £20m
            Socwheres the money gone in this order
            Players and coaches
            Taxman
            Mike Ashley taking back the extra he put in three years ago

          • JohnnyH

            Rubbish
            The combined salaries of the playing staff comes to no more than £35 million, even if underestimated no more than £40 million, so physios and youth coaches represent another £40 – £50 million
            I don’t think so.
            Even taking tax and NI into account there’s a glaringly large discrepancy
            Whatever you say there’s around £100 million that’s not featuring anywhere.
            Unless it’s in your last line, and he’s took the ‘extra’ as the whole £100 million back to use elsewhere. As there conveniently isn’t a figure given on the amount he’s taken.

            We all know where it’s gone, you don’t convince anybody.

          • Ram Kishore

            I see your point and agree with you.
            Our transfer window has been not upto the mark.
            Yes he maybe paying himself because few owners or many do that. He maybe using it to benefit SD.
            But at the same time I don’t actually believe in the claims being made that he’s taking money out to to buy HOF or fund it. It’s just lazy claims imo. Just being honest
            Do u remember where u saw Rafa’s
            I would like to know about it.

          • Martin Rooney

            Johnny do you have any idea how many coaches there are at nufc? The average wage of a premier league squad player is around £forty grand and we are reginused as having one of the higher wage bills so call it 45k per week that’s £2.35 million a year plus benefits and no we have 26 squad players then there’s a whole load of academy players on 100k to 250k so there’s £60+ now let’s get on to Rafa and his back room staff
            Sorry fella that’s the reality

  • Waxi

    More bull from the lying barstewards so keep up the protests till the FCB goes.

    • Geordiegiants

      It’s the only way, I personally don’t want any money from him, I want him gone ASAP.

      • nufcslf

        As much as it would be funny to heep more pressure on Jose tomorrow, we need the losses to keep on coming to make Cashley’s time here as miserable as possible. I still dread the first win letting the fat c**t off the hook yet again and spout lies of he has learned his lesson this time and will back his manager. Cashley out…..

        • Geordiegiants

          As much as I get your sentiment, I would love to see us beat them, I detest them as much as the inbreds (well nearly). I have said it for years on here, if it meant falling out of the premier and playing championship or league football to get rid of him, then so be it. I’m a Newcastle fan not a premier league fan, I will support Newcastle no matter which league or division we play in, not like the premier league spectators we have these days.

  • Carverlier football

    No actual figures in there… And nothing about what SD take out through other commercial avenues…

    • Geordiegiants

      That’s where the problem lies and not just the jumble sale, how many little companies does he own or have a hand in / his hoe daughter own or the sly son in law own that are sucking money from the club?

  • Cockneytrev

    As normal ,, everything vague, no actual figures,,, all lies,,
    KEEP UP THE PRESSURE !!!
    ASHLEY OUT,,!!!

  • Leicester Mag

    What is an oversimplification is the insulting, obvious and simplistic attempt to manipulate the media to polish this 💩 of a club. Don’t buy it for a minute.

  • Kenny

    £20m out 1 penny in

  • Billmag

    Con artists.

  • Sickandtired

    Sorry Rafa, no money for you as I repaid myself some more again. Mitro fee clearly went straight to the pocket.

    • Leazes.

      It’s gone to buy HOF

  • mactoon

    There is now an agreement in place whereby Sports Direct pays for all advertising in the stadium.

    I’ll look forward to seeing that reflected in the next accounts. Why didn’t they push and ask how much they are paying, I find that statement seriously dubious

    • Martin

      I bet that was a toughly fought negotiation with Fatty acting for SD and Penfold acting for NUFC, whilst taking instruction from Fatty.

  • glassjawsh-got-banned

    since it all comes from the same place, I’m sure all that advertising revenue (if it exists) will just be added to the amount the club is expected to recoup via player sales…

  • Kneebotherm8

    Another fckn heap of 💩 from the Ashley camp………they’ve paid nowt for advertising for years and now they say they only take up space that can’t be sold………who do they think they are kidding…………..#Ashleyout#

    • Will In Despair!

      Yes, disgusting, and it sure does show what a 0dious goit he really is, and at best he cares very little for Newcastle United.

      Is it not blatantly obvious we’re in such a perilous situation, and many would not deny how badly the team needs quality in all/most positions (no disrespect to any current player).

      A billionaire who I would think clearly doesn’t need the money, then decides to take out cash that is generated by and for Newcastle United, of which clearly they so desperately need.

      So we’re to believe it’s helped pay towards lowering this spurious debt, or a debt purposely created so he can cripple us more with actions like this – we’re a sinking ship, it’s frightening!

      I would think that any respectable business person would recognise when their business is in a precarious position, and not to endanger it more by playing around with it’s liquidity.

      Mmm… I wonder what is his main agenda!

    • Will In Despair!

      Wow, it sure seems like someone is doing overtime, I’ve seen others stating how their comments keep disappearing, like this 1 and others of mine. Yet, I will keep posting this, since there is nothing at all wrong with it 😉

      – Yes, disgusting, and it sure does show what a 0dious goit he really is, and at best he cares very little for our club.

      Is it not blatantly obvious we’re in such a perilous situation, many would not deny how badly the team needs quality in all/most positions (no disrespect to any current player).

      A billionaire, who clearly doesn’t need the money, then decides to take out cash that is generated by Newcastle United and meant for the club, of which clearly they are in desperately need, seriously what a time to dip in!

      So, we are to believe it’s helped pay towards lowering this spurious debt, perhaps a debt purposely created so he can pull calculated tricks like this anytime, perhaps to show ungrateful fans his power and any damage he’s able to inflicted, and of course – easily get away with!

      Seriously what a time to do it – we are a sinking ship, it’s frightening, why has he decided to take now!

      Would you not think that any ‘respectable’ experienced business person would recognise when their business is in a precarious position?
      Then maybe think twice about how not to endanger it further and cause more damage by playing around with it’s liquidity, is this not common sense, page 1 of idiots guide to business?

      Mmm… I wonder what is his main agenda!

  • East Durham Mag

    #lyingfatcunt

  • Lostprofit DBC

    The stadium known as SJP, resembles the Sports Direct Arena to me. Repaid money = HOF.

  • t00nraider

    Unlike Sunderland’s ex owner who stopped putting money in when relegated and whos club ended up relegated further. Ashley put in a lot of money to get the club back in the premier league. We would have broke the transfer record for the club but West Brom didnt want to sell Rondon. This insistence of a transfer profit is nonsense. As Keegan said keep supporting the team. Stop the chav embarrasing protests.

    • Will In Despair!

      You obviously have no idea! Sure is laughable, lol. As the 0dious goit WILL ALWAYS get his cash back, in fact probably has by now.

      Short invested knowing there was a big chance it would not be recouped – it wasn’t.

      A great Lecturer of mine once said; look back at the last 5 years, generally things don’t change, only continue in the same way – or words to that effect.

      Hence 11 years of the same old 💩, only numpties like yourself believing the constant nonsense, with lie after lie, even tho it is blatantly obvious he’s destroyed/destroying our club… Actually, I give up, what’s the point 😜…

      • t00nraider

        Short would still have wanted a return, every chairman does. Things change a lot in a short period of time in football.

      • Viru leckworth

        He doesn’t believe it, he is one of them.

    • Blackburn1066

      What a load of Cr-p

    • panther

      go away Mike

    • HarryHype59

      Bobbi is that you?

    • HarryHype59

      If he ran the club effectively it wouldn’t get relegated in the first place. Think about it!