Keith Harris: Club may be sold this month, but not by our first game

[trophyshy 7083]

might get them round mine, stage a little scene and ask for their help.

[Fop 1]

Correct me if I'm wrong (and I'm useless at remembering football facts, so I probably am) but in the end under FS; we were about £70-100m in debt (depending upon the sources you choose to read/believe) and a premiership club with some good players who needed a decent manager. Our wage bill was high and was barely sustainable as long as we finished mid table.

 

Under MA we are £140m in debt, in the Championship, our best players are looking to (and need to) leave, we still need a decent manager and our wage bill is now totally unsustainable.

 

We're financially better under MA how?

 

 

I cant be arsed looking, but hasnt the wage bill increased by ~20 million a year under Ashley.

 

It seems to be accepted wisdom that FFS was a useless businessman, and clueless with money. It seems to me that he understood that you had to grow turnover and generate income, and to my untrained eye actually seemed to this pretty succesfully. Plainly he got stuff badly wrong(Souness) and gambled unsucessfully(Owen, Luque) which had left us in a position that was far from ideal, but I have yet to be convinced we were seconds from administration.

 

I would rather have his brand of failure than Ashleys brand of success for sure.

 

And to be honest I think we would have fared better with administration, 10 point deduction and FS in charge than Ashleys moronic performance

 

Firstly, I wasn't say saying one was better than the other; although FS looks better when viewed through MA tainted glasses.

 

I don't know about the wage bill either. There's no doubting he's signed some players on big money, and we have probably gotten rid of a few but it's a resonable assumption that it's higher now than when he took over.

 

All I was comparing are the facts we know about. I dont think we were seconds away from administration either; but if the reported figures are true (weren't they back up by the published accounts) we were on a slippery slope.

 

When you compare our state immediately before MA took over to now, it seems we are more in debt than ever and we've been relegated. This means our current financial commitments are such that we cannot sustain ourselves and yet we still have some of the same problems we had when he took over 2 yrs ago, which were the same problems we'd had for the 3yrs prior to that.

 

I was trying to work out just how we are financially better off under MA as has been proffered by others. Going off the hard facts, was are not.

 

I was agreeing - the only possible improvement in the financial position under Ashley is he claims to have paid off the debt

Whether that turns out to be true, and if true has actually been beneficial is yet to be seen.

 

I know you were My point was aimed primarily at those who feel we on a better financial footing under MA, as I don't think we are.

 

MA claims to have paid off the debt - maybe he has in terms of the numerous debtors perhaps (although dont we still owe for some players?); however, he's merely transferred the debt to himself and he can dictate the repayment terms. The club is in debt, it owes the bank £40m or whatever in o/d etc but it's primary debtor is the owner. NUFC owe MA £100m. So by definition, the club is £140m in debt - which is more than we were under FS if I understand correctly. On top of that, we're in a worse position for the future as our wage bill cannot be subsidised/managed by PL status and monies because we were relegated.

 

 

We're in a worst state in every conceivable way with Assley than we were under FFS & the Halls.

 

Amazing frankly.

[ewerk 30629]

It balances up with something I was told last night that someone is looking at getting in without paying anything yet. Paying him off through player sales and agreed structured payments going forwards. Just to get him out and put some structure back in the club.

 

I'd certainly take a year of restructure. Staying in the Championship and blooding a few of the very promising kids.

 

That sounds like a terrible idea to me.

[peasepud 59]

It balances up with something I was told last night that someone is looking at getting in without paying anything yet. Paying him off through player sales and agreed structured payments going forwards. Just to get him out and put some structure back in the club.

 

I'd certainly take a year of restructure. Staying in the Championship and blooding a few of the very promising kids.

 

That sounds like a terrible idea to me.

 

The thought that someone could come in and purchase the club without actually forking anything out and then pay for it by selling off our assets and mortgaging the future horrifies me. No matter who it is, the new owners need the cash behind them to at least compete.

 

Ive no problem with consolidating for a season if thats what it takes and we get sorted but doing that while selling off everyone, buying nobody of note and paying over the dividends to Ashley is a scene I dont want to see played out.

[snakehips 0]

Unconfirmed Sources saying club is dying.

[TheMoog 0]

I can confirm that this has not been confirmed...

[JUICE690 0]

I can confirm that when on holiday in Greece a few years back I saw a porno titled 'Stop! my ass is on fire'

 

When I say "saw" I didn't actually watch said skin flick, it was just next to some dead puffer fish in a glass jar.

Edited August 4, 2009 by JUICE690

[spongebob toonpants 3997]

I can confirm that when on holiday in Greece a few years back I saw a porno titled 'Stop! my ass is on fire'

 

When I say "saw" I didn't actually watch said skin flick, it was just next to some dead puffer fish in a glass jar.

 

 

 

knock yourself out nsfw obv

[peasepud 59]

Yes the club will be sold this month, to a Dubai Consortium, I still stand by what I told you guys, it obviously isnt going to be today but believe me it will happen.

 

Until Mike Ashley stands up and says "Iam taking the club off the market" I stand by every single thing I have said so far. I have the faith in my ITK

 

Do you honestly believe that we are going to buy some players under Mike Ashley, no chance, who would choose the players.

 

There is more to this than what Harris says, it will happen guys, stay with me.

 

I was told Tuesday/Wednesday, Harris says it will not, but it will happen and soon. Thumbs up

 

Well thats me convinced, I mean what does Harris know?

[asteroidblitz 12]

We're going through the transitional phase from being also-rans to sleeping giants.

 

Nobody's investing mega bucks in the likes of Sheffield Wednesday, Nottingham Forest, Derby County, Leeds etc etc etc.

 

What makes us special?

[JUICE690 0]

I can confirm that when on holiday in Greece a few years back I saw a porno titled 'Stop! my ass is on fire'

 

When I say "saw" I didn't actually watch said skin flick, it was just next to some dead puffer fish in a glass jar.

 

 

 

knock yourself out nsfw obv

 

I love the fact you felt obliged to research it for me

[brummiemag1 0]

Unless there is a sale soon to wealthy backers with the right intentions, I really think we are fucked big time, its starting to sink in that its unlikely we will be challenging for honours in the next 10 years or more, we may well languish in this division or worse for years to come. Even if we do get promotion to the premier league it will be survival at best the following season and beyond.

 

Its hard to believe how the optimism surrounding the club after the 1 1 draw at Old Trafford less than 12 months ago has changed to this

 

Thanks Ashley you Cunt

[ChezGiven 0]

We're going through the transitional phase from being also-rans to sleeping giants.

 

Nobody's investing mega bucks in the likes of Sheffield Wednesday, Nottingham Forest, Derby County, Leeds etc etc etc.

 

What makes us special?

 

Frightening.

[Guest alex]

Correct me if I'm wrong (and I'm useless at remembering football facts, so I probably am) but in the end under FS; we were about £70-100m in debt (depending upon the sources you choose to read/believe) and a premiership club with some good players who needed a decent manager. Our wage bill was high and was barely sustainable as long as we finished mid table.

 

Under MA we are £140m in debt, in the Championship, our best players are looking to (and need to) leave, we still need a decent manager and our wage bill is now totally unsustainable.

 

We're financially better under MA how?

 

 

I cant be arsed looking, but hasnt the wage bill increased by ~20 million a year under Ashley.

 

It seems to be accepted wisdom that FFS was a useless businessman, and clueless with money. It seems to me that he understood that you had to grow turnover and generate income, and to my untrained eye actually seemed to this pretty succesfully. Plainly he got stuff badly wrong(Souness) and gambled unsucessfully(Owen, Luque) which had left us in a position that was far from ideal, but I have yet to be convinced we were seconds from administration.

 

I would rather have his brand of failure than Ashleys brand of success for sure.

 

And to be honest I think we would have fared better with administration, 10 point deduction and FS in charge than Ashleys moronic performance

 

Firstly, I wasn't say saying one was better than the other; although FS looks better when viewed through MA tainted glasses.

 

I don't know about the wage bill either. There's no doubting he's signed some players on big money, and we have probably gotten rid of a few but it's a resonable assumption that it's higher now than when he took over.

 

All I was comparing are the facts we know about. I dont think we were seconds away from administration either; but if the reported figures are true (weren't they back up by the published accounts) we were on a slippery slope.

 

When you compare our state immediately before MA took over to now, it seems we are more in debt than ever and we've been relegated. This means our current financial commitments are such that we cannot sustain ourselves and yet we still have some of the same problems we had when he took over 2 yrs ago, which were the same problems we'd had for the 3yrs prior to that.

 

I was trying to work out just how we are financially better off under MA as has been proffered by others. Going off the hard facts, was are not.

 

I was agreeing - the only possible improvement in the financial position under Ashley is he claims to have paid off the debt

Whether that turns out to be true, and if true has actually been beneficial is yet to be seen.

 

I know you were My point was aimed primarily at those who feel we on a better financial footing under MA, as I don't think we are.

 

MA claims to have paid off the debt - maybe he has in terms of the numerous debtors perhaps (although dont we still owe for some players?); however, he's merely transferred the debt to himself and he can dictate the repayment terms. The club is in debt, it owes the bank £40m or whatever in o/d etc but it's primary debtor is the owner. NUFC owe MA £100m. So by definition, the club is £140m in debt - which is more than we were under FS if I understand correctly. On top of that, we're in a worse position for the future as our wage bill cannot be subsidised/managed by PL status and monies because we were relegated.

 

 

We're in a worst state in every conceivable way with Assley than we were under FFS & the Halls.

 

Amazing frankly.

I'd also say that if people are going to bring up potential scenarios whereby we may have gone into administration etc. under the previous regime it's only fair to do the same re: Ashley, i.e. administration, liquidation, playing in League 1 etc. (not necessarily in that order).

[Fop 1]

I'd also say that if people are going to bring up potential scenarios whereby we may have gone into administration etc. under the previous regime it's only fair to do the same re: Ashley, i.e. administration, liquidation, playing in League 1 etc. (not necessarily in that order).

 

Aye, and we're much more likely (and more quickly if we do) to go into any of those than we were administration or the Championship from the position we were when FFS and the Halls sold.

 

Administration is looking very possible at the moment.

Relegation is hardly a long shot currently (and much more likely with administration), especially given the way the club was so badly fucked up by similar but much less issues last season.

Liquidation is certainly a realistic possibility if we do go into administration given the way the club is arranged, Assley's idiocy and the lack of interest.

 

 

 

Don't want to think about where we may be this time next season, as things stand.

[Craig 6682]

BTW, how much are we paying Keith Harris? And by 'we' I mean NUFC because I bet there's no way in hell Ashley is personally footing the bill for his services.

 

Surely the longer the sale goes on, the more coin Harris will rake in? If that's right then it's in his own best interests to prolong the whole thing.

[Tooj 17]

BTW, how much are we paying Keith Harris? And by 'we' I mean NUFC because I bet there's no way in hell Ashley is personally footing the bill for his services.

 

Surely the longer the sale goes on, the more coin Harris will rake in? If that's right then it's in his own best interests to prolong the whole thing.

Not if it's damaging his reputation.

[Craig 6682]

BTW, how much are we paying Keith Harris? And by 'we' I mean NUFC because I bet there's no way in hell Ashley is personally footing the bill for his services.

 

Surely the longer the sale goes on, the more coin Harris will rake in? If that's right then it's in his own best interests to prolong the whole thing.

Not if it's damaging his reputation.

 

I'm sure he'd be able to deflect blame for that onto either the club or interested parties.

[TheMoog 0]

BTW, how much are we paying Keith Harris? And by 'we' I mean NUFC because I bet there's no way in hell Ashley is personally footing the bill for his services.

 

Surely the longer the sale goes on, the more coin Harris will rake in? If that's right then it's in his own best interests to prolong the whole thing.

Not if it's damaging his reputation.

 

Yeah, because as it stands Harris' company are looking to be pretty shit bearing in mind they couldn't sell the club last time either.