East Stander 0 Posted October 27, 2006 Share Posted October 27, 2006 Just extracted this bit from the UK Wire bit today: Costs relating to changes in team management of £3,192,000 have been charged in the period (2005: £2,369,000). These comprise staff costs of £2,384,000 (2005: £2,369,000) and impairment of other intangible fixed assets of £808,000 (2005: £nil). What the £808,000 is about I have no idea but we have certainly paid out a whole lot of dosh to managerial failures. And, shock, horror, no dividend payment. Bet that annoys the Halls!! Details of fatty's salary will be in the report details that shareholders will receive very soon , I think. Link to comment Share on other sites More sharing options...
Bizza 105 Posted October 27, 2006 Share Posted October 27, 2006 What the £808,000 is about I have no idea Fat Fred's pastie budget tbh. Link to comment Share on other sites More sharing options...
Gemmill 44232 Posted October 27, 2006 Share Posted October 27, 2006 The financial cost of mismanagement coming home to roost. Leazes will tell us that all of this is fine because he backs his managers with money and we get to play in the UEFA Cup. Link to comment Share on other sites More sharing options...
Guest alex Posted October 27, 2006 Share Posted October 27, 2006 The financial cost of mismanagement coming home to roost. Leazes will tell us that all of this is fine because he backs his managers with money and we get to play in the UEFA Cup. Your's and others' fault for backing Souness. Others does not include any of the board, obviously. Link to comment Share on other sites More sharing options...
Jimbo 172 Posted October 27, 2006 Share Posted October 27, 2006 Newcastle Utd slide to £12m loss Newcastle United slid to a £12m loss last year after heavy investment in players and a fall in revenues due to its failure to qualify for Europe. The result is a reversal in financial fortune for the Premiership club which made a £620,000 profit the year before. Revenues fell by nearly £4m to £87m as an absence of European football reduced match day ticket sales. Expensive new signings such as England striker Michael Owen, bought from Real Madrid, also pushed up costs. 'Long-term benefits' Newcastle United chairman Freddy Shepherd said the year - which saw the sacking of manager Graeme Souness and his replacement by Glenn Roeder - as one of "transition" for the club. "The board believe that the investment it has made in all areas of the club will deliver long-term benefits and will continue to take every step necessary to maximise potential for success both on and off the pitch," he commented. After finishing seventh in the Premiership last season, Newcastle qualified for European competition which will boost revenues this year. The club has been surrounded by takeover speculation in recent months with Jersey-based firm Belgravia Group considering a possible bid. Mr Shepherd said that while discussions were taking place between the two parties, there was no certainty a formal bid would be made. Link to comment Share on other sites More sharing options...
Guest alex Posted October 27, 2006 Share Posted October 27, 2006 According to N-O N'Zog has penned a new contract, officially OMG1 Couldn't be arsed to start a new thread. Link to comment Share on other sites More sharing options...
ewerk 30209 Posted October 27, 2006 Share Posted October 27, 2006 Doesn't augur well for our transfer kitty. On the other hand it can only improve the chances of being taken over. Now to find out who it is actually wanting to take over. Link to comment Share on other sites More sharing options...
Jimbo 172 Posted October 27, 2006 Share Posted October 27, 2006 Doesn't augur well for our transfer kitty. On the other hand it can only improve the chances of being taken over. Now to find out who it is actually wanting to take over. Not sure if thats true, Randy Lerner has already said he looked at us as a takeover target but was put off by the debt. Link to comment Share on other sites More sharing options...
Gemmill 44232 Posted October 27, 2006 Share Posted October 27, 2006 I think this might damage a takeover bid tbh. Shepherd won't shift on the price he wants, and the buyer will want to be paying less given the losses we're shipping. Link to comment Share on other sites More sharing options...
Isegrim 9707 Posted October 27, 2006 Share Posted October 27, 2006 http://www.nufc.premiumtv.co.uk/staticFile...78~43286,00.pdf The financial results look as shabby as this poorly created pdf-document tbh. Link to comment Share on other sites More sharing options...
Isegrim 9707 Posted October 27, 2006 Share Posted October 27, 2006 It's also worth pointing out that the report compares a 12-months period (until July 31st 2005) to a 11-months period (until June 30th 2006)... Link to comment Share on other sites More sharing options...
Shearergol 0 Posted October 27, 2006 Share Posted October 27, 2006 So last year was transition? Into this? Jesus wept Link to comment Share on other sites More sharing options...
nufc4ever 0 Posted October 27, 2006 Share Posted October 27, 2006 £800k to get Souness. We woz robbed. Link to comment Share on other sites More sharing options...
Bizza 105 Posted October 27, 2006 Share Posted October 27, 2006 £800k to get Souness. We woz robbed. Then robbed again when the cunt left. Link to comment Share on other sites More sharing options...
Gemmill 44232 Posted October 27, 2006 Share Posted October 27, 2006 I think it might have been more than £800k. We took the hit on that when we sacked him, but we'll already have been writing it down prior to sacking him. Worth every penny tbh. Link to comment Share on other sites More sharing options...
Guest alex Posted October 27, 2006 Share Posted October 27, 2006 So last year was transition? Into this? Jesus wept 3rd consecutive transition year. Link to comment Share on other sites More sharing options...
Renton 21204 Posted October 27, 2006 Share Posted October 27, 2006 Next years accounts will be even worse I reckon, now that we are officially completely shit and nobody wants to watch us (Talksport have just advised against anyone watching us in the pub tomorrow, because we're rubbish basically). Expect fuck all transfer money in January too. We're up shit creek basically, I remember predicting this result last year, not thta you need to be a genius to have forseen it. Link to comment Share on other sites More sharing options...
Jimbo 172 Posted October 27, 2006 Share Posted October 27, 2006 Next years accounts will be even worse I reckon, now that we are officially completely shit and nobody wants to watch us (Talksport have just advised against anyone watching us in the pub tomorrow, because we're rubbish basically). Expect fuck all transfer money in January too. We're up shit creek basically, I remember predicting this result last year, not thta you need to be a genius to have forseen it. I think that next year's results will be shit too, but not as bad, the funds from this season's UEFA cup campaign will improve things, and the lack of spending in January will make things look better. Link to comment Share on other sites More sharing options...
East Stander 0 Posted October 27, 2006 Author Share Posted October 27, 2006 Next years accounts will be even worse I reckon, now that we are officially completely shit and nobody wants to watch us (Talksport have just advised against anyone watching us in the pub tomorrow, because we're rubbish basically). Expect fuck all transfer money in January too. We're up shit creek basically, I remember predicting this result last year, not thta you need to be a genius to have forseen it. Cannot agree more. The Duff and Martins deals are not included in the figures either (item 7 of the accounts) so after taking off the Faye and Boumsong income, that is roughly another 10mill expenditure. And I'd guess Duff's and Martins wages are more than Fayes and Boumsongs so the 63% figure could be even higher. The powder is that dry it has all blown away!! Link to comment Share on other sites More sharing options...
Gemmill 44232 Posted October 27, 2006 Share Posted October 27, 2006 Next years accounts will be even worse I reckon, now that we are officially completely shit and nobody wants to watch us (Talksport have just advised against anyone watching us in the pub tomorrow, because we're rubbish basically). Expect fuck all transfer money in January too. We're up shit creek basically, I remember predicting this result last year, not thta you need to be a genius to have forseen it. Cannot agree more. The Duff and Martins deals are not included in the figures either (item 7 of the accounts) so after taking off the Faye and Boumsong income, that is roughly another 10mill expenditure. And I'd guess Duff's and Martins wages are more than Fayes and Boumsongs so the 63% figure could be even higher. The powder is that dry it has all blown away!! You can probably net Duff and Martins off with Shearer and Boumsong tbh. Don't think the wage percentage will change all that much. It's definitely far too high though - about £11m per year too high. That's not just something that sneaks up on you and all of a sudden your wage bill is too high. Yet further evidence of poor financial planning - it seems the 50% target assumes regular European football. We're so poorly managed at a board room level, that you can't really assume regular anything other than disappointment. We got Europe by the skin of our teeth last year, but I'm not sure we'll get it again come the end of this season. Link to comment Share on other sites More sharing options...
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