Barney 0 Posted October 16, 2011 Share Posted October 16, 2011 Mission statement reveals aim for season is top 10 finish, club wage bill has risen by 7% More to follow... Possibly Link to comment Share on other sites More sharing options...
Barney 0 Posted October 16, 2011 Author Share Posted October 16, 2011 (edited) Accounts for 10/11 to show operating loss of £4.7m. Expect to break even THIS year. nufc board statement: “We have a strict spending policy and will not take a reckless approach which permits spending beyond our means." "Our aim is to make NUFC self-financing, we can’t continue to acquire debt each year and rely on additional financial support from MIle Ashley. "the days of Newcastle acquiring ‘trophy’ signings who command huge salaries for past successes on the pitch are over." “Such players have generated excitement and anticipation in the past but ultimately have left the club poorer." Edited October 16, 2011 by Ant Link to comment Share on other sites More sharing options...
Happy Face 29 Posted October 16, 2011 Share Posted October 16, 2011 Those statements are all months old aren't they? Link to comment Share on other sites More sharing options...
trophyshy 7084 Posted October 16, 2011 Share Posted October 16, 2011 that's what I was thinking too Link to comment Share on other sites More sharing options...
Happy Face 29 Posted October 16, 2011 Share Posted October 16, 2011 Assume the operating loss is before player trading aye? So after player trading it's a £25m+ profit for 10/11? Link to comment Share on other sites More sharing options...
Barney 0 Posted October 16, 2011 Author Share Posted October 16, 2011 Just released today, Happy. Link to comment Share on other sites More sharing options...
Barney 0 Posted October 16, 2011 Author Share Posted October 16, 2011 The statements are repeated from what they always put out. The figures will be the only relevant/new info. Link to comment Share on other sites More sharing options...
Happy Face 29 Posted October 16, 2011 Share Posted October 16, 2011 (edited) Just released today, Happy. Yeah, but it's just a rehash of what they told the chronicle last month... http://www.chronicle...72703-29396067/ 7% mentioned in answer to the Carroll question. They went on about trophy signings being over and that too. Not seen the £4.7m loss figure before though. Edited October 16, 2011 by Happy Face Link to comment Share on other sites More sharing options...
Barney 0 Posted October 16, 2011 Author Share Posted October 16, 2011 NEWCASTLE UNITED today released a fresh mission statement detailing their plans for the future. The report echoed the Chronicle's Q & A session with the board in September and once again said: "The days of Newcastle acquiring 'trophy' signings who command huge salaries for past successes on the pitch are over United underlined their plans for the future but stated: *They will not be "reckless" in the transfer market *The club will continue to work with their youth development plan and hope for more youngsters like Sammy Ameobi, Shane Ferguson and James Tavernier *The club have expanded analytical equipment at the Training Centre and undersoil heating on pitches will allow the club to achieve "maximum performance on the field" *The board are committed to the long-term and have made the club "healthier" *Mike Ashley paid off transfer fees for players who had already left the club on his arrival in 2007 The document states that United's wage bill has risen by seven percent after the Magpies' summer transfer business and new deals for the likes of Cheick Tiote. The United board also sung the praises of Alan Pardew and John Carver while chief scout Graham Carr was also singled out for praise. United expect to break even this year on the financial front but say they made an operating loss of £4.7million. But the club say they will not be reckless in the transfer market and have a "strict spending policy. And looking ahead to the future the board statement read: "Over the coming year we will continue to build the club sustainably - on and off the field. "We have a realistic view of what we can achieve at Newcastle and the time frame required to achieve it. "We have a strict spending policy and will not take a reckless approach which permits spending beyond our means. "It is a sensible long-term plan for success and we have absolute confidence that this is the right model for Newcastle United." And reflecting on the Ashley era so far, the board said: "When Mike Ashley bought Newcastle in 2007 he arrived with a clear five year plan to get Newcastle on a sound financial footing and the club is now in a better shape financially that it has been for many years. "Our aim is to make Newcastle United self-financing. "We can't continue to acquire debt year after year and rely on additional financial support from the owner." And it went on: "In 2008/09 we reported an operating loss of £37.7m. "In 2009/10 that loss was £33.5m. "Once audited our accounts for 2010/11 are expected to show an operating loss of £4.7m. "And this year we hope to break even. "We are pleased that the club is working towards being able to operate within the boundaries of UEFA'S Financial Fair Play rules during these challenging economic times." The club also stated their transfer policy: "Our priority during the summer transfer window was to secure exciting young players with huge potential that add real strength to the squad. "There are certain perceived 'big' clubs that have no financial constraints whatsoever. "But for us as a club rash, short-term spending is not the answer and the days of Newcastle acquiring 'trophy' signings who command huge salaries for past successes on the pitch are over. "Such players have generated excitement and anticipation in the past but ultimately have left the club poorer and with little to show for it in terms of our standing in the league and cup competitions. "Our focus now is to bring in players who can develop and fulfil their potential at Newcastle. "This does not however discount players of any age who feel can add experience to the squad. "The board, the manager, our technical staff and our scouting team worked very well together to ensure we brought in seven top class players who represented excellent potential for the club." The board concluded: "We are fully aware that Newcastle United holds a unique place in the lives of Geordies around the world. "Our supporters are the lifeblood of the club and the board understands that. "It has been charged with ensuring their club is properly run and continues its growth on and off the pitch." Link to comment Share on other sites More sharing options...
Park Life 71 Posted October 16, 2011 Share Posted October 16, 2011 End of the week. Link to comment Share on other sites More sharing options...
Barney 0 Posted October 16, 2011 Author Share Posted October 16, 2011 Sorry if it's old news. Ryder and the club are saying today that it's the mission statement. Link to comment Share on other sites More sharing options...
dbsweeney 0 Posted October 16, 2011 Share Posted October 16, 2011 It all just saying that we're all just so very, very naughty for being so ungrateful towards MA. Link to comment Share on other sites More sharing options...
Asprilla 96 Posted October 16, 2011 Share Posted October 16, 2011 It doesn't sound so bad when we're 4th. Let's just hope they stay this lucky eh? A masterstroke to plan on getting £35m for a player who cost us nothing 3 years before it happened too! If they can keep unearthing genuine talent on the cheap though, then good luck to them. Link to comment Share on other sites More sharing options...
Brock Manson 0 Posted October 16, 2011 Share Posted October 16, 2011 I just can't see how our wage bill has gone up considering who we've shipped out and the wages they were on. Link to comment Share on other sites More sharing options...
Park Life 71 Posted October 16, 2011 Share Posted October 16, 2011 It all just saying that we're all just so very, very naughty for being so ungrateful towards MA. Every article in the last month has been saying that and they're getting them in before we start losing a few games making said articles pointless. Link to comment Share on other sites More sharing options...
ChezGiven 0 Posted October 16, 2011 Share Posted October 16, 2011 Assume the operating loss is before player trading aye? So after player trading it's a £25m+ profit for 10/11? Yep, its what it costs to run the club before player trading. I thinks its earnings before interest, taxes and depreciation too but not sure. If it includes depreciation, then even this loss is not real. Link to comment Share on other sites More sharing options...
The Fish 10972 Posted October 16, 2011 Share Posted October 16, 2011 I just can't see how our wage bill has gone up considering who we've shipped out and the wages they were on. I'd imagine Enrique and Carroll weren't on huge wages. Nolan and Barton would have been expensive. Smith, Colo, Jonas, all will be on a fair bit and the latter has just extended his. Then you've got the squad players signing 5yr deals I can see where it's gone Link to comment Share on other sites More sharing options...
DEADMAN 0 Posted October 16, 2011 Share Posted October 16, 2011 wage bill increased heh coloccini is on 90k he could be sold in january Link to comment Share on other sites More sharing options...
Kid Dynamite 7182 Posted October 17, 2011 Share Posted October 17, 2011 (edited) Assume the operating loss is before player trading aye? So after player trading it's a £25m+ profit for 10/11? Exactly. So this shite about him not making a penny out of the club and having to pump in millions a year to keep us afloat is bullshit. 26mil profit in 12 months. A decent striker to play with ba and we can finish top 7 and the profits will soar. Edited October 17, 2011 by J69 Link to comment Share on other sites More sharing options...
Guest alex Posted October 17, 2011 Share Posted October 17, 2011 I just can't see how our wage bill has gone up considering who we've shipped out and the wages they were on. I'd imagine Enrique and Carroll weren't on huge wages. Enrique was meant to be on c. £60k a week and Carroll had just got a new contract and was on similar I think. Link to comment Share on other sites More sharing options...
Happy Face 29 Posted October 17, 2011 Share Posted October 17, 2011 They're STILL bringing up that players were being paid for using installments when they arrived. It's coming up to five years ago. Let it go. We can ignore the failure to do due dilligence if you can. Link to comment Share on other sites More sharing options...
Kevin S. Assilleekunt 1 Posted October 17, 2011 Share Posted October 17, 2011 I'd say wasting £3 million on Obertan because we were in a panic after Barton's departure is a reckless use of the club's money. Link to comment Share on other sites More sharing options...
Brock Manson 0 Posted October 17, 2011 Share Posted October 17, 2011 I'd say wasting £3 million on Obertan because we were in a panic after Barton's departure is a reckless use of the club's money. I still think he could prove to be a decent signing. He's getting a lot of stick when he's still new to this league. He'll come good. Link to comment Share on other sites More sharing options...
acrossthepond 878 Posted October 17, 2011 Share Posted October 17, 2011 The same old lies and bullshit as usual. We've had some good results so now they're trying to take credit for it, but if we hit a bad patch they'll clam up quick as you like. Let's focus on what's happening on the pitch, which is mostly down to team spirit, hard-working performances and, yes, the manager. MA and DL are liars who really have nothing to do with our success at the moment and are probably actively hampering our progression. Link to comment Share on other sites More sharing options...
Happy Face 29 Posted October 17, 2011 Share Posted October 17, 2011 (edited) If you want to be taken seriously when you criticise Ashley, then you have to give him credit for whatever is going well too. Otherwise you open yourself up to criticism as one of the daftees that wants £30m spent every window or else he's shit. There's only 5 players and a few back-room staff left from the year we got relegated (Smith don't count). All those appointments come from the top or from people appointed at the top. If it's working, it's ALL down to that. Edited October 17, 2011 by Happy Face Link to comment Share on other sites More sharing options...
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