Happy Face 29 Posted March 18, 2014 Share Posted March 18, 2014 Link to comment Share on other sites More sharing options...
Dr Gloom 21915 Posted March 18, 2014 Share Posted March 18, 2014 we should just change the name of this thread to "Mike Ashley - football cunt" Link to comment Share on other sites More sharing options...
Happy Face 29 Posted March 18, 2014 Share Posted March 18, 2014 Link to comment Share on other sites More sharing options...
Dr Gloom 21915 Posted March 18, 2014 Share Posted March 18, 2014 we should just change the name of this thread to "Mike Ashley - football cunt" brraaap! Link to comment Share on other sites More sharing options...
Howmanheyman 33171 Posted March 21, 2014 Share Posted March 21, 2014 (From NUST) Recent statements from Newcastle United accompanying the release of the latest accounts, have called upon supporters to demonstrate patience with the stated intention of growing the club in a sensible and sustainable manner. Putting aside several concerns regarding the drastic shrinkage of commercial income and the free advertising given to Mike Ashley's companies. There is now great concern that the potential growth of the club, namely through tapping into Newcastle United's greatest asset: it's support, is at risk through an appalling plan to put in jeopardy any potential expansion of St James' Park at the Gallowgate End of the ground - the only possible part of the stadium where future expansion could realistically occur. In 1998 previous directors of the club had wisely leased the land around St James' Metro Station on a long term basis in order to secure any future development opportunity. However, last autumn Newcastle United Holdings Limited –the parent company of NUFC, instructed Newcastle based agents Storey, Edward , Simmons to sell the lease on the land. Bids were invited with a deadline in December 2013 and it is understood that final unconditional bids are now under consideration. It is thought developers would be looking likely to build student accommodation on the site but the whole site, which runs to Strawberry Place, could be developed by the preferred developer. Were any buildings to be constructed on that site, it would then mean development/extension (of the type completed at the Leazes and Milburn sides of St James' Park) at the Gallowgate End of St James' Park would be near impossible. Given there is no way of developing the East Stand due to the listed status of many buildings on Leazes and St James' Terraces, that would mean there'd be no feasible way of extending the stadium. In short, St James' Park would be locked into its current capacity. United are currently attracting the third largest attendances in the country of 50,000+ (an average home attendance of 43,384 even when in the Championship - season 2009/10). Given that the club's on-field performance is mediocre at best, it greatly suggests that our club is capable of attracting at least another 10,000+ were the club to perform better than it is currently, and attract more support, as well as persuade the currently disaffected to return to the stands. If building on the land in question proceeds, any future ambitions to extend St James' Park and increase its long term income (critical under UEFA's Financial Fair Play rules) will be impossible. Selling this land illustrates the cramping lack of commitment and ambition there is from Mike Ashley towards Newcastle United, while it is also a cap on the capability of future owners of the club to develop the club further. None of this looks like being part of a strategy to have a growing, sustainable football club that is doing everything it can to increase its own income and thus its sporting competitiveness. It looks very much like part of a plan to asset strip Newcastle United Football Club and make short-term decisions that are in the interests of the owner, rather than the long-term future of the club. What can be done now to oppose the sale is unclear but the Newcastle United Supporters Trust will be seeking to explore how we can oppose any future applications from potential developers. The Trust would have liked to have raised these matters with the club at the Fans Forum but NUST remains banned, while correspondence on other matters with directors at the club appear to be currently ignored. Draw your own conclusions as to what is going on at St James' Park. Brochure of sale here....... http://nust.us1.list-manage.com/track/click?u=67d54658ed9cb445fdf9febb5&id=04b57e2a7a&e=de3c9661a9 Link to comment Share on other sites More sharing options...
The Fish 10856 Posted March 21, 2014 Share Posted March 21, 2014 I think it's a little optimistic to expect us to be able to fill a 60k stadium. If this sale brings in a substantial amount of money and that brigns us closer to Ashley's exit, I'm all for it. Link to comment Share on other sites More sharing options...
Toonpack 9399 Posted March 21, 2014 Share Posted March 21, 2014 So it'd cost £300mill to add 10,000 seats (based on prices way back when FFS thought about it) onto the ground, that'd only take about 50-odd years to pay itself back from tickets(not counting interest). Even if a hotel and casino (not allowed) were possible you'd be doing well to half the investment repayment time. Crap article. You could get a whole new stadium for that (Emirates was "only" £390 Mill) Link to comment Share on other sites More sharing options...
ewerk 30598 Posted March 21, 2014 Share Posted March 21, 2014 It'll be interesting to see how much it brings in. Should we be bought over by someone willing to spunk hundreds of millions then we could possibly fill a 60k stadium. It seems like a short-sighted view to me. Link to comment Share on other sites More sharing options...
ewerk 30598 Posted March 21, 2014 Share Posted March 21, 2014 So it'd cost £300mill to add 10,000 seats (based on prices way back when FFS thought about it) onto the ground, that'd only take about 50-odd years to pay itself back from tickets(not counting interest). Even if a hotel and casino (not allowed) were possible you'd be doing well to half the investment repayment time. Crap article. You could get a whole new stadium for that (Emirates was "only" £390 Mill) £300m seems a bit steep. Link to comment Share on other sites More sharing options...
trooper 940 Posted March 21, 2014 Share Posted March 21, 2014 Apparently there looking at building a hotel or student accommodation on the land. Link to comment Share on other sites More sharing options...
ewerk 30598 Posted March 21, 2014 Share Posted March 21, 2014 Tenure The site is held by way of a 125 year lease dated 4 August 1998 at a rent of one peppercorn, with a lease expiry date of 2123. The lease was assigned on 23 February 2004 to Newcastle United Holdings Ltd. The site is currently leased to the City of Newcastle for a term expiring on 28th September 2014 at a rent of £82,400 per annum for car parking. Well we would be saving one peppercorn every year. Link to comment Share on other sites More sharing options...
ewerk 30598 Posted March 21, 2014 Share Posted March 21, 2014 £300m seems a bit steep. Actually, wasn't there talk that Metro lines would have to be moved in order to build on the land? Link to comment Share on other sites More sharing options...
Toonpack 9399 Posted March 21, 2014 Share Posted March 21, 2014 (edited) £300m seems a bit steep. I think so too, but that's what it says in the article, would make no business sense to extend for what the expansion would deliver in terms of return on investment, at anything close to that price. That was probably the price for Shepherd construction to do the work I think, that as well as the casino getting bombed out, there's huge issues because of the Metro being down below, so a "straightforward" build isn't possible. Edited March 21, 2014 by Toonpack Link to comment Share on other sites More sharing options...
Howmanheyman 33171 Posted March 21, 2014 Share Posted March 21, 2014 I think it's a little optimistic to expect us to be able to fill a 60k stadium. If this sale brings in a substantial amount of money and that brigns us closer to Ashley's exit, I'm all for it.Optimistic to fill a 60k stadium? We could fill it now for certain games, we would definitely fill it with a good side and a good mood around the club. Whether it would be worth doing is another argument especially at the minute with the owner we have. Link to comment Share on other sites More sharing options...
The Fish 10856 Posted March 21, 2014 Share Posted March 21, 2014 Optimistic to fill a 60k stadium? We could fill it now for certain games, we would definitely fill it with a good side and a good mood around the club. Whether it would be worth doing is another argument especially at the minute with the owner we have. Not saying impossible, just optimistic. Link to comment Share on other sites More sharing options...
Howmanheyman 33171 Posted March 21, 2014 Share Posted March 21, 2014 Not saying impossible, just optimistic.It would be a good idea in the right circumstances. We are playing out another mediocre season with nothing to play for and are near a sell out 52k v Crystal Palace knowing our top two players have been sold/injured. If anything I think you're being a little pessimistic. Link to comment Share on other sites More sharing options...
The Fish 10856 Posted March 21, 2014 Share Posted March 21, 2014 It would be a good idea in the right circumstances. We are playing out another mediocre season with nothing to play for and are near a sell out 52k v Crystal Palace knowing our top two players have been sold/injured. If anything I think you're being a little pessimistic. Perhaps. It's all moot under Ashley though, isn't it? Link to comment Share on other sites More sharing options...
PaddockLad 17246 Posted March 21, 2014 Share Posted March 21, 2014 It would be tragically ironic if Ashley sold the land to basically pay off the mortgage his predecessors had secured on the development of the other end of the ground, even more so if he used the proceeds to bring his overall investment in the club down so the club could be sold at a realistic price. What price due dilligence now?.... Link to comment Share on other sites More sharing options...
Rayvin 5218 Posted March 24, 2014 Share Posted March 24, 2014 (edited) Just seen this about the Coventry City chairman going to the pub and having drinks and chairs thrown at him until he left. Don't really know what the fucker did, but imagine Ashley waltzing into the Strawberry one day I'd wager it'd be more than drinks and chairs being thrown at him... http://www.theguardian.com/football/2014/mar/24/coventry-fans-attack-chief-executive-tim-fisher-pub-brentford Edited March 24, 2014 by Rayvin Link to comment Share on other sites More sharing options...
desmondTUTU 0 Posted March 24, 2014 Share Posted March 24, 2014 He tried to buy a round of drinks for the fans after screwing them out of their stadium and made them play home games 40 miles away. i dont think the fans appreciated the drinks. Link to comment Share on other sites More sharing options...
Rayvin 5218 Posted March 24, 2014 Share Posted March 24, 2014 Ahh yes I remember hearing that... Yeah fair enough to the fans. Link to comment Share on other sites More sharing options...
Graing 15 Posted March 25, 2014 Share Posted March 25, 2014 He tried to buy a round of drinks for the fans after screwing them out of their stadium and made them play home games 40 miles away. i dont think the fans appreciated the drinks. Bold. Here's a pint for your troubles, all good? Not a deep thinker there. Link to comment Share on other sites More sharing options...
ClubSpinDoctor 0 Posted March 29, 2014 Share Posted March 29, 2014 Can everyone remember when we were told there'd be a marquee signing and we signed Coloccini and were told he was it and we were mortified? Then imagine spending that on a player now. Link to comment Share on other sites More sharing options...
trooper 940 Posted April 2, 2014 Share Posted April 2, 2014 http://www.themag.co.uk/the-mag-articles/mike-ashley-forced-back/ He wont like this. Link to comment Share on other sites More sharing options...
Graing 15 Posted April 3, 2014 Share Posted April 3, 2014 http://www.themag.co.uk/the-mag-articles/mike-ashley-forced-back/ He wont like this. I'm sure he was just looking to spend that money to better the club this summer. (Did I do it right?) Wonder if this setback will increase his efforts to find a buyer. Link to comment Share on other sites More sharing options...
.thumb.png.403f4a475ac3bb53997c2626c09ef800.png)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now