super_jonas

I wont be back. I know not going will have very little impact on the club - I just cant face the thought of giving money to the parasites that are running the club. I’m sickened by the actions of the club and there has to be a point when personal principles overtake blind faith. I cant associate myself with the arrogant and twisted actions of MA and if my instinct is correct Alan Pardew - with his appointment clearly being pre-meditated. Chris Hughton represented what the club should be about integrity, dignity and above all the best interests of the club . If being honourable is now seen as a weakness I just cant give money to people who support this view. I can understand but cant agree with the fans who will continue to line MAs pockets but for me for the foreseeable future Im out. Although, I would never want us to lose there is a part of me that wants them to fail - that is not against the team but really a battle between right and wrong.

haha you cant get enough commas, only joking tried to tone it down a bit in the most recent articles. Thanks for the feedbaclk

not totally sure but there might be other sites on the internet that cover that kinda stuff

Cheers, currently the one and only link in the new nufc links page!

Hi guys - been meaning to do this for ages but finally got round to creating a website. Link is www.nufcblackandwhite.com Let me know what improvements you think are needed! Cheers, Stuart

Maybe its time for charles to look at himself, if we are so bad and he is so much better than the club why has he never been able to hold down a consistent place in the team. By my calculations he has paid him over six million pounds for his contributions so far, it really pisses me off. Ok things arent great at the club, but he clearly has no respect for his team mates and the fans by constantly degrading the club!

Just posted this on another thread its the link to his previous communication for anyone who has forgotten it. shows that the accounts are in line with what he said, its not lies. Like any business with assets the club has debts. I paid £134 million out of my own pocket for the club. I then poured another £110 million into the club not to pay off the debt but just to reduce it. The club is still in debt. Even worse than that, the club still owes millions of pounds in transfer fees. I shall be paying out many more millions over the coming year to pay for players bought by the club before I arrived. But there was a double whammy. Commercial deals such as sponsorships and advertising had been front loaded. The money had been paid upfront and spent. I was left with a club that owed millions and part of whose future had been mortgaged. Unless I had come into the club then it might not have survived. It could have shared the fate of other clubs who have borrowed too heavily against their future. Before I had spent a penny on wages or buying players Newcastle United had cost me more than a quarter of a billion pounds. I knew that the club would cost me money every year after I had bought it. I have backed the club with money. You can see that from the fact that Newcastle has the fifth highest wage bill in the Premier League. I was always prepared to bank roll Newcastle up to the tune of £20 million per year but no more. That was my bargain. I would make the club solvent. I would make it a going concern. I would pour up to £20 million a year into the club and not expect anything back. It has to be realised that if I put £100 million into the club year in year out then it would not be too long before I was cleaned out and a debt ridden Newcastle United would find itself in the position that faced Leeds United. That is the nightmare for every fan. To love a club that overextends itself, that tries to spend what it can't afford. My plan and my strategy for Newcastle is different. It has to be. Arsenal is the shining example in England of a sustainable business model. It takes time. It can't be done overnight. Newcastle has therefore set up an extensive scouting system. We look for young players, for players in foreign leagues who everyone does not know about. We try and stay ahead of the competition. We search high and low looking for value, for potential that we can bring on and for players who will allow Newcastle to compete at the very highest level but who don't cost the earth. This is a long term plan. A long term plan for the future of the club so that it can flourish. Also one of the reasons that the club was so in debt when I took over was due to transfer dealings caused by managers moving in and out of the club. Every time there was a change in manager millions would be spent on new players and millions would be lost as players were sold. It can't keep on working like that. It is just madness. I have put Newcastle on a sound financial footing. It is reducing its debt. It is spending within itself. It is recruiting exciting new players and bringing in players for the future." What lies is it that everyone talks about? not including quotes from NOTW etc Im not trying to cause an argument, just looking for the facts.

im not wanting to get into a slagging match here but if you analyse the Mike Ashley's statement and the look at the audited accounts of Earnst and Young they do show that what he said was not lying. What exactly are the reasons for the protests? What are the facts of the protests, like if you were producing a court document what would be labelled against him based on evidence etc im not trying to be contraversial just trying to understand the views a bit better. "Like any business with assets the club has debts. I paid £134 million out of my own pocket for the club. I then poured another £110 million into the club not to pay off the debt but just to reduce it. The club is still in debt. Even worse than that, the club still owes millions of pounds in transfer fees. I shall be paying out many more millions over the coming year to pay for players bought by the club before I arrived. But there was a double whammy. Commercial deals such as sponsorships and advertising had been front loaded. The money had been paid upfront and spent. I was left with a club that owed millions and part of whose future had been mortgaged. Unless I had come into the club then it might not have survived. It could have shared the fate of other clubs who have borrowed too heavily against their future. Before I had spent a penny on wages or buying players Newcastle United had cost me more than a quarter of a billion pounds. I knew that the club would cost me money every year after I had bought it. I have backed the club with money. You can see that from the fact that Newcastle has the fifth highest wage bill in the Premier League. I was always prepared to bank roll Newcastle up to the tune of £20 million per year but no more. That was my bargain. I would make the club solvent. I would make it a going concern. I would pour up to £20 million a year into the club and not expect anything back. It has to be realised that if I put £100 million into the club year in year out then it would not be too long before I was cleaned out and a debt ridden Newcastle United would find itself in the position that faced Leeds United. That is the nightmare for every fan. To love a club that overextends itself, that tries to spend what it can't afford. My plan and my strategy for Newcastle is different. It has to be. Arsenal is the shining example in England of a sustainable business model. It takes time. It can't be done overnight. Newcastle has therefore set up an extensive scouting system. We look for young players, for players in foreign leagues who everyone does not know about. We try and stay ahead of the competition. We search high and low looking for value, for potential that we can bring on and for players who will allow Newcastle to compete at the very highest level but who don't cost the earth. This is a long term plan. A long term plan for the future of the club so that it can flourish. Also one of the reasons that the club was so in debt when I took over was due to transfer dealings caused by managers moving in and out of the club. Every time there was a change in manager millions would be spent on new players and millions would be lost as players were sold. It can't keep on working like that. It is just madness. I have put Newcastle on a sound financial footing. It is reducing its debt. It is spending within itself. It is recruiting exciting new players and bringing in players for the future."

It is clear from the latest financial accounts that he is attempting to build a sustainable football club, something which the club needs given the previous owners. For anyone who hasn't seen the additional breakdown of players wages etc Owner Mike Ashley has ploughed more than £100M into the club to clear all debts at the club. Sam Allardyce and his team got payouts of £4.6M when they left the club in January last year - no wonder it was by mutual consent that he agreed to leave - the club were very good to him financially. Newcastle received £6.7M in compensation for striker Michael Owen getting injured during the 2006 World Cup while playing for England - that sounds good. Newcastle’s revenue (turnover) rose from £87.1M to £99.4M over the last year , which reflects the Premier League’s new three-year television deal - that’s a 14.1% increase. Newcastle have a wage bill of £62.6M, up from £53.2M - that’s a 16.9% increase, which is more than the revenue increase. Newcastle recorded a loss before tax of £20.3M, which was less than in 2007, when it lost £34.2M. The accounts were prepared by accountants Ernst and Young, and show that Mike Ashley has invested a further £10M of his own money into Newcastle since the end of the last financial year. They have been signed off on the basis that Ashley has given assurances he will continue to finance operations into the future, which comes just weeks after he revealed the club is no longer up for sale. A note to the financial statement adds: “This funding, together with newly- agreed bank facilities, has been incorporated into the directors’ cash flow forecast for the group.” “These forecasts indicate that the group can continue to meet its debts as they fall due for a period of at least 12 months from the date of approval of these financial statements.” “The directors have also received a commitment from its parent undertaking, St James Holdings Ltd, and from the ultimate controlling party Mr MJW Ashley that they will continue to provide the group with financial support so that it can meet its debts as they fall due for a period of at least 12 months from the date of approval of these financial statements or up until the date of any changing control.” “On this basis, the directors have prepared the financial statements on a going-concern basis.” The introductory report to the accounts, written by Managing Director Derek Llambias, states the average Premier League attendances at St James’ Park rose from 50,686 to 51,321. We would expect that figure to drop by a few thousand for the current financial year, because the home attendances seem to be down at least around 8%. It also states matchday and commercial income declined over the year but more income was received due to Newcastle United finishing in 12th place in the league, compared to 13th a season earlier. Each place we understand is worth close to £1M. The statements that Mike Ashley has further invested £110M of his own money into Newcastle United, on top of the £134M he initially paid for the club, are indeed accurate. So Mike’s in for £245M at the club, so far, and it looks like the club has no debts whatsoever. It is understandable the direction he is trying to take the club in.

has any1 got a link to the full accounts?

would defo take ferguson, great experience good passer of the ball. He is a winner which is the character we need, winning 13 medals in his career and captaining Rangers to the last 16 in the champions leauge and the UEFA cup final. The comments from the newcastle fans are similar to that of the Scotland fans. However, with his recent absence from the last few games they have been made to eat humble pie. Has still got a few years left in him!

Shola has signed a three year extension! http://www.nufc.premiumtv.co.uk/page/NewsD...1510752,00.html

So what would your take on the financial situation at united be? or is there not enough accounts details to comment?

There's no way the club has officially paid off the 'debt'. What will have happened is Ashley puts cash into SJHL, they lend that on to NUFC on a secured basis so that in the basis of NUFC going into administration Ashley would be at the front of the queue to recover what was left. If he simply paid it off he would be just an equity investor and would be left with bugger all. Even Comrade A has a 'loan' in his favovur for everything he has put into Chelsea. work in finance matt? interesting stuff.

It seems to me that he is unsure about what is going on at the club and is having to put on a brave face infront of the cameras. This is why he is presented as clueless. I must admit that I like the passion he has for being manager of the club, and believe he is giving it his all. The real proof will be our league position at the end of the season! It will be difficult to judge him on the transfers if they are not his players.