Hes gonna be loaded when he sells and he will still have a roll in the club.
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Hes gonna be loaded when he sells and he will still have a roll in the club.
EvertruvianMan
Player Valuation: £1.5m
Oh my jesus, the forum logged me out having been writing for 30 minutes. Im not doing it again, im going to go away and cry for a bit.
Dell Boy
Player Valuation: £35m
Will the same one do for you and Goaty or is that two in total I have to produce?
If one of you get a corker, will the other feel unloved?
Mike Ashley has made mistakes, but you know what, he has faced his critics head on and the supporters are actually behind him now.
That club was in a proper mess when he bought it ( Just like who ever buys us ) they had debts of 75 million, which had service charges of 6.5 million per year
http://http://www.chroniclelive.co.uk/news/local-news/mike-ashley-wipes-newcastle-uniteds-1361590
CRIPPLING debts totalling more than £75m at Newcastle United were wiped clean by club boss Mike Ashley, accounts reveal today.
Figures revealed by the St James’ Park club show that last year they finished the financial year with an operating profit of £13.3m.
Club bosses recorded a turnover of £88.5m, boosted by television revenue of more than £48.5m following their return to the Premier League in 2010.
And it emerged the value of playing staff dropped by £17.2m in the period – leading the club to a £3.9m loss overall – but this “amortisation” is a standard accountancy tool.
That loss compared with £33.5m the previous year, and was close to breaking even for the first time in almost a decade.
Ashley has wiped clean the club’s overdraft and external debts – figures which stood at more than £75m when he took control of the club and cost around £6.5m a year in interest.
In absorbing the club’s debt, the sports tycoon is now owed £140m, which he confirmed would still be available interest free.
Today club chiefs said that over the past five years they weeded-out long-term player contracts put in place by previous owners which the club could not sustain.
Players including Michael Owen, Damian Duff and Mark Viduka were all on the club’s books earning huge wages when Ashley took control of the Tyneside club in 2007.
When the team dropped from the top tier of English football those players were off-loaded and the wage bill was stabilised as officials staved off a financial crisis. Today Derek Llambias, Newcastle’s managing director, said relegation in 2009 helped “clear out” players who the club had inherited from previous owners.
And despite stabilising the wage bill, the club had become more “competitive” on the pitch with a stronger squad.
Mr Llambias said: “The Vidukas, the Duffs, the Owens, they were long-term contracts and the club couldn’t afford it. In reality, relegation was unavoidable but we had to stay strong and smash through it.”
Newcastle’s return to the Premier League helped secure a 69% increase in turnover, from £52.4m in 2009/10 to £88.4m last year, following a three-fold increase in TV revenue which went from £16.1m to £48.5m within 12 months.
The club sold players worth £36.7m – which included the £35m transfer of Andy Carroll to Liverpool in January 2011 – but spent more than £25m on bringing talent to Tyneside.
Since the end of the financial year the club has spent a further £25m in cash on players and wages, although this does not yet appear on the club accounts.
Club chiefs are now working to make Newcastle United a global brand and compete financially with the upper echelons of Premier League clubs. And in order to do that club officials re-iterated the need to “maximise revenue streams” by placing the naming rights at St James’ Park on the market.
Mr Llambias said: “In reality we are fans. We don’t come to support Newcastle United each week without getting a passion for it.
“I’m a football supporter and it’s an incredible club. The Arsenal game will always stay with me. To come back for a 4-4 finish was incredible ... there were grown men crying around me.
“We are not disrespectful of the history and the tradition. It’s Newcastle United and we don’t own the soul and spirit and we are not being stubborn over the naming rights of the ground. We are trying to maximise our income streams and the naming rights could be another Yohan Cabaye or Cheick Tiote each year.
“It’s a long-term plan we have and we are not doing it to antagonise the fans. It’s for the benefit of our fans and the supporters.”
Mr Llambias said if a suitable offer was made, then the club would consider an approach to buy the club, but said that Mike Ashley was “comfortable” on Tyneside.
He said: “If someone came along with the right price you would have to consider whether Mike would sell the club, I don’t know.
“It would be nice if we got some credit. The credit is not for the individuals, it’s for the club.
“I would like it if Mike got the credit he deserved and it would be nice if he was accepted. He’s a good guy and he’s got a good heart. Saying that, we know it’s football and we are not always going to be popular.
“They are allowed to have their view but we tried to stay in the background and we don’t feel it’s about us. What we want to see is what’s happening on the pitch.
“With regard to the naming rights, we respect the name of St James’ Park and it’s not personal. We would like to put another player on the pitch and we will continue to be strong custodians of the club.”
Mr Llambias added: “We always want to be overseas and to put the brand out.
“We will grow over the next four or five years as an international brand.”
“We are not disrespectful of the history and the tradition. It’s Newcastle United and we don’t own the soul and spirit and we are not being stubborn over the naming rights
bluejock
Boss coat aficionado
I know how you feel.
If you don,t fancy a second bite then bullet point it or PM when your up for it.
Dell Boy
Player Valuation: £35m
Not at all wee man. Quite the opposite. I was just clarying the facts first.
Does it have to be a very recent strength/asset or one that's stood the test of time?
I dont understand how you can write for 30minutes.
I want just 1 single GOOD thing that Bill Kenwright, Everton Chairman, has going for Him.
bluejock
Boss coat aficionado
Anything you so desire.
Preferably a recent one as you said he's got good things going for him, which would suggest they're still happening but if you need to resort to him "saving Everton from the clutches of Johnson" then you crack on.
Carlito
Player Valuation: £40m
It'll be pretty fascinating to read over threads such as this next season. I have a feeling that those who are backing the board to find an exciting new manager and move the club forward will be feeling a bit let down.
The new manager can expect to spend something close to what he recoups in player sales, which is fine as long as he doesn't make any mistakes whatsoever. Everything was going great for Moyes until he wasted £9m on Bilyaletdiov and subsequently had to choose between sacrificing more of his players, or going three years without making a single first team purchase. By the time that mess was sorted out the team was no longer good enough to qualify for Europe.
Whether or not the new TV deal will be a factor remains to be seen, but in my opinion Moyes would have signed a contract months ago if that was going to be the case. Makes me wonder why our friends at Vibrac didn't offer to loan Everton the money to buy Fer in January, seeing as though the club will be flush enough to pay even their exorbitant interest rates come the summer.
The new manager can expect to spend something close to what he recoups in player sales, which is fine as long as he doesn't make any mistakes whatsoever. Everything was going great for Moyes until he wasted £9m on Bilyaletdiov and subsequently had to choose between sacrificing more of his players, or going three years without making a single first team purchase. By the time that mess was sorted out the team was no longer good enough to qualify for Europe.
Whether or not the new TV deal will be a factor remains to be seen, but in my opinion Moyes would have signed a contract months ago if that was going to be the case. Makes me wonder why our friends at Vibrac didn't offer to loan Everton the money to buy Fer in January, seeing as though the club will be flush enough to pay even their exorbitant interest rates come the summer.
Dell Boy
Player Valuation: £35m
Write what? Who's putting a time limit on this now?
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