Assets are irrelevant when deciding a club's value ? Okay then.
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Assets are irrelevant when deciding a club's value ? Okay then.
It's a fair asking price....
It's a fair asking price....
It's a fair asking price....
*clap clap clap*
Dell Boy
Player Valuation: £35m
Yes that's right if you want to kick on but there's a business rationale in getting in to enjoy the profile benefits - pocket a tidy figure each year - and then move it on.
Brennan keeps using the Mike Ashley comparison.
He bought them on the verge of relegation if I recall.
They're making him a tidy sum per season and - as far as I can tell - their net spend is MINUS £26 million since Ashley took over.
http://www.transferleague.co.uk/premiership-transfers/newcastle-united-transfers.html
Foot Long Hot Dog
Player Valuation: A packet of pork scratchings
That's a hilarious comment.Ashley has sunk over £285M into Newcastle & Ambramovich has spent £1BN at Chelsea.
If both sold up tomorrow they'd not clear a bean in profit.
'Brennan keeps using the Mike Ashley comparison'
Fairly sure i haven't uttered his name in this thread once.
njligernj
Player Valuation: £15m
The relatively new wrinkle to this argument is the suggestion that we've only spent such a small amount of money because we've had the same manager all this time. Okay ... so Stubbs came out recently and basically admitted Moyes wanted more money to spend and the board has said no. Yet by the logic of that argument we will spend money if we get a new manager. So why would they refuse to let Moyes spend money (with arguably the best track record of spending money in the league) but happily let a new unproven manager spend more money than Moyes? (Even if that were true do you think that's a logical way to run a club with such delicate finances?)
Spurs, RS etc. don't spend more than us because of new managers -- they spend more than us because they have more money than we do. So they spend it. One of the ways they spend that money is by firing managers a lot (which costs money to pay out a contract and costs money because of squad turnover from a new manager). This is a correlation/causation problem.
In addition people are making a faulty assumption that a new manager will have the "4th-7th best squad" in the league. They might for 13/14 but after that they will have the squad they build with no money. It's an odd assumption too because even most Moyes out types admit he's better than average with transfers. Better than average means something -- it means we're statistically unlikely to find a better manager at transfers. Not impossible ... but unlikely.
If we get a manager who is average at transfers we'll eventually end up with the 14th best squad in the league.* He'll then need to outperform that place tactically to get us back to 7th. Of course that just gets us back to where we are now.
What you want is a manager who outperforms his net+wages *and* outperforms the squad quality with tactics. You'd be hard pressed to find a manager who outperforms Moyes in the market; you'd also be hard pressed to find a manager who outperforms his squad by 7 places on a consistent basis. Finding someone who can do one of those things is tricky enough -- the vast majority of clubs fail to find someone who can do even one of those things -- but we need both. You essentially want us to hire the best manager in the world. So do I ... I just don't think that's especially realistic.
* If you want to get really technical I'd argue we wouldn't have the 14th best squad. We spend so much on wages because Moyes assembled a team which can support (to some degree) such high wages. A manager who is average (not bad ... just average) at transfers will miss out on a few of the players we pay highly. I don't believe that money immediately goes back into transfers because that money might not exist (if we finish lower in the league). We spend next to nothing (net) on transfers but spend a lot on wages which helps our squad.
Don't underestimate the importance of this distinction. Money on wages is lower risk than money on transfers. More often that not our big wages are on a player's second contract (Heits being an exception). So they are a somewhat proven commodity at that point and can be relied on to get us a decent league finish which in turn gets us more money.
To just assume we'd have the same spending level with a squad assembled by someone less adept in the transfer market doesn't make much sense.
Dell Boy
Player Valuation: £35m
Look given how you struggled to work out the correct odds for pulling two balls out of a hat for the FA Cup draw I had my doubts you'd get it.
Of course assets are positive but you cannot count the same thing twice.
In our books there is a negative £1.3m a year for rent on Finch Farm.
Foot Long Hot Dog
Player Valuation: A packet of pork scratchings
They lost £70M in his first 2 years trading after taking them over ffs.
I like how you still refer to that FA Cup thing when i was clearly popcorning you. Seemed it worked as well.
Also funny coming from a person who says i've been using a comparison when i haven't uttered a word about it in the entire thread.
njligernj
Player Valuation: £15m
Does McDonald's run at a huge loss every year just to produce a better product than Burger King? Do people have to step in with rules to prevent Tesco from losing more money than Sainsburys as they both race to produce the best supermarket in the world with no regard for profit?
Foot Long Hot Dog
Player Valuation: A packet of pork scratchings
Nicely put.
This guy Dell Boy is taking the piss out of people when he can't even comprehend why football is not comparable to traditional business. Unbelievable.
Dell Boy
Player Valuation: £35m
Ashley has sunk over £285M into Newcastle & Ambramovich has spent £1BN at Chelsea.
If both sold up tomorrow they'd not clear a bean in profit.
Would be interested to see how you get to that figure for Ashley. Though as an aside Brennan is happily knocking the figure Ashley has spent to acquire Newcastle just so he can have a pop at Kenwright!
Ashley bought the club for £134m in total but at least £36m was still owed on players when he bought it.
Haven't got the latest profit/loss figures but last ones show a nominal £3.5m loss.
Since he's been in charge he's overseen a net profit on transfer dealings of £19m.
It's also quoted in various places he's said himself it now washes its face as a business deal.
Abramovich went hell for leather to buy the Champions League. That was his objective. His approach kind of transcends normal business models.
LocalNative
MOSHIRI OUT
Let's forget about this whole season because we lost to Wigan in the semi's. Give it a rest. For chirst sake we all know the players didn't show up against Wigan, that had nothing to do with Mr Moyes. The players fell asleep and we got punished.
I find myself asking this question all the time, but i'll go for it again anyway; if Moyes was to leave, who on Earth would you want in? There is no better manager out there than Moyes who would even consider taking this job.
Considering we have improved this year compared to the previous few years, I am absolutely shocked that people are calling for his head. Is our team better than Arsenal or Spurs'? Is it miles better than Liverpool's? No. We are exactly where we warrant being. Too much Blues live in cuckoo land thinking we should be sitting top four easily.
I find myself asking this question all the time, but i'll go for it again anyway; if Moyes was to leave, who on Earth would you want in? There is no better manager out there than Moyes who would even consider taking this job.
Considering we have improved this year compared to the previous few years, I am absolutely shocked that people are calling for his head. Is our team better than Arsenal or Spurs'? Is it miles better than Liverpool's? No. We are exactly where we warrant being. Too much Blues live in cuckoo land thinking we should be sitting top four easily.
Dell Boy
Player Valuation: £35m
Earlier on you posted "I bet they own their own training ground too"
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