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Ginola

Miserable
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  1. Not sure if this made it on here a couple of days back...sorry if its a repeat: Newcastle United Accounts for the year to 30 June 2008 Ownership Mike Ashley via his company, St James Holdings Limited Turnover £100.8m (up from £87m the previous year, a 16% increase) Gate and match-day £32.3m TV and broadcasting £41.1m Commercial activities £27.4m Wage bill £74.6m (up from £56.7m the previous year, a 31.6% increase) Wages as proportion of turnover 74% Loss before tax £34m Debts £106.2m (£100m is owed to Mike Ashley) Interest payable £6.6m Highest paid director Chris Mort, paid £1.357m via his law firm, Freshfields Bruckhaus Deringer State it's in A calamity. Mike Ashley could have been a hero. After buying the club for £134m in 2007, he repaid, with cash, around £94m of debts. Newcastle are almost debt-free, although Ashley paid the money off by lending £100m to the club himself, interest free, which has to be repaid if the ownership changes. Yet after appointments and decisions he admits himself have been awful and which led to relegation, he has not been thanked very fulsomely for his contribution. If he does not sell quickly, Ashley will need to stump up more if financial collapse is to be avoided next season.
  2. Take it you've had the meeting then? Come on Craig don't be bitter, I haven't come back to gloat. Just to say goodbye to old friends.
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