Usually browse this forum as a guest but saw this thread so I had to register to give my take on my club. There seem to be a lot of misconceptions about Ashley’s ownership of Newcastle so I’ll try to clear them here. The general consensus among football fans and it was repeated by Rio is that he’s cleared up the club’s debt. This is categorically untrue, we are £144 million in debt according to the latest accounts. What he did was transfer the debt from a bank to himself therefore cutting out expensive interest payments, so this money still has to be repaid to him on top of what the club is worth. The only debt he paid off (or was forced to) was the one which related to St James’ Park, and it is not a choice he had – this payment was compulsory if John Hall ever lost majority shareholding. He didn’t do it out of the goodness of his hearts.
I know Kevin Keegan and Alan Shearer aren’t popular among Man Utd but his treatment of two club legends has been diabolical. A lot of shit was spread about Keegan during 08/09, namely that he was demanding the earth from Ashley who didn’t give it to him. Keegan won his case against Ashley and Section 5.2 of the ruling stated that the club intentionally misled the fans and media about details of why KK left. Funnily enough, this wasn’t strongly reported in the media and these (wrong) accusations still persist about KK.
He’s also bought up the land behind the Gallowgate End at SJP and plans on building work there, thus stopping the chance of SJP ever being expanded. This quite frankly is an outrage, and I haven’t seen any criticism of this outside of the local media. I know it’s a different kettle of fish at Old Trafford but just imagine if the Glazers did something permanent near OT to prevent the Main Stand from ever being re-developed.
Then there is the fact that he’s desecrated emblems of the club. SJP is literally falling apart, whether it’s for the normal punter or the executive areas – it’s all an embarrassment. The ground is emblazoned with Sports Direct logos and until a couple of years they did not pay for this privilege even though they were listed as a sponsor. Let’s also not forget the two name changes – first sportsdirect.com@ St James’ Park and then Sports Direct Arena. I’m sorry but I can’t imagine many of you being happy if OT was renamed and I’m not sure why it’s something that Newcastle fans should accept.
I’m also not sure where this notion comes in that he’s allowed the club to spend a lot of money – this is complete and utter garbage compared to what other (lower mid table) Premier League clubs have been spending. Rio’s point about him spending £50 million of his money to escape the Championship is nonsense, the club raked in £90m + in transfer fees that summer so it was the club’s money and Rafa has not seen sums like that since. He did it to protect his investment which is fine but I take offense at the fact that he cares about the club. John Hall was brutally honest about Ashley’s investment back in 2007, that he bought the club to showcase his brand abroad and everything he’s done suggests that is his only motive.
Oh btw, our commercial is income is shockingly low, it is somehow not much different to what it was in 2007 which is amazing considering the Premier League viewing numbers have gone through the roof all over the world in the last decade.