Newcastle United & Mike Ashley

golden_blunder

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finance wise as a club they're in a far better state than when Shepherd and Hall had it but they've been mismanaged on the playing side for years under Ashley, I like Lee Charnley, he's a nice kid but should never be MD of a football club, when I worked there he was more or less Russell Cushings PA.

They got lucky for a few years when Graham Carr got lucky on scouting and made a fortune of a few of those players which was never reinvested pound for pound (it possibly would have been wasted but we'll never know)

I also don't believe Ashley actually wants to sell the club, if he did he would price it accordingly but I'm really surprised at the type of person trying to buy the club, the last thing NUFC fans should hope for is a consortium as I can't think of any clubs where a consortium has purchased the club and it's worked, QPR is probably the biggest failure of a consortium I can think of.
Alright Pards, how you doing?
 

arthurka

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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.
Great post, thanks for the imformation.
The club deserves so much better.
 

Sylar

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Is it true that Rio has a line of goods being sold in Sports Direct?
Yeah, the five brand has its own page on the website.

I normally enjoy listening to Rio, but his comments (and then his follow up tweet) were just stupidity.
Ok not as stupid as Richard Keys but Rio lost a lot of credibility.
 

12OunceEpilogue

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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.
Very nice post, thanks. I read a little bit of my uncle's copy of Kevin Keegan's recent book at Christmas and it's clear he loves Newcastle but can't stand Ashley and his mob. He snook in around the back once for a special occasion to honour someone (maybe Bobby Robson?) but other than that he can't go back. Rio's talking through his arse about matters he doesn't understand here.
 

Adisa

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Ferdinand has no leg to stand on. It's an open secret the club has been up for sale for nearly four years. Any one who has a clue about finance will tell, you keep as much cash as possible prior to a sale.
Ashley is not going to allow Newcastle spend any money.
 

Adisa

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Mike Ashley is the sort of bloke that could sell his own mother. Look at the shit he pulled with the MPs over warehouse conditions.
 
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Kag

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Cracking posts by the two Newcastle posters in here.

Ashley has ripped the heart and soul out of a region and Ferdinand’s support of him reflects very poorly on him personally.
 

Badunk

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Totally agree with the Newcastle lads. The club ARE a sleeping giant. They have a huge local following who live and breathe the club. To suggest that nobody really supports them outside the North East may be true, but who supported City or Chelsea before they won things? You can bet your life that a club like Newcastle winning the Prem would lead to their shirts being seen in Africa and Asia, same as every other successful team. Ashley is a fat boorish cnut.
 

GifLord

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It's kinda crazy to think they didn't win a single trophy in the 90s despite being the biggest spenders
 

hp88

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Not the best club owner but credit to him for attempting to rescue another high street store.

 

SteveJ

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He's all heart.
 

Precaution

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HMV already is the Sports Direct of music stores, have you been in there? Absolute jungle.

It's a shame the Virgin stores closed, recreate that then maybe onto a winner but then the landscape has changed.
 

duffer

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What does HMV sell nowadays? Does anyone buy CDs, DVDs or Blu Rays?

I used to love going into a HMV, Borders or Virgin Megastore and browsing the films and CDs but don't think I've bought a CD in the past 10 years.
 

matherto

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All three of the big North East clubs should be completely overhauling their youth programs and investing in their academies to make the most of the huge catchment area they have but of course that takes money that their owners aren't willing to put in.

It's been said in the past that it's hard to attract big players to them because of the 'who the hell would really wanna live up there?' attitude that definitely exists (and I mean, Newcastle is okay and the surrounding richer areas quite nice but Middlesbrough and Sunderland are genuine shitholes and lots of the North East is very deprived) so if they went after youth and really developed them instead they might have more success.

Ashley just needs to cut his losses and go because it's not helping him or Sports Direct, let alone Newcastle themselves.

That said, I hate their fans and don't like them as a club so I don't really care all that much.
 

FujiVice

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All three of the big North East clubs should be completely overhauling their youth programs and investing in their academies to make the most of the huge catchment area they have but of course that takes money that their owners aren't willing to put in.

It's been said in the past that it's hard to attract big players to them because of the 'who the hell would really wanna live up there?' attitude that definitely exists (and I mean, Newcastle is okay and the surrounding richer areas quite nice but Middlesbrough and Sunderland are genuine shitholes and lots of the North East is very deprived) so if they went after youth and really developed them instead they might have more success.

Ashley just needs to cut his losses and go because it's not helping him or Sports Direct, let alone Newcastle themselves.

That said, I hate their fans and don't like them as a club so I don't really care all that much.
Sunderland have developed Jordan Henderson and Jordan Pickford. They just get sold on. Its easy to say "develop youth", but when you havent got the power to hold onto them, you're pretty much not going to get much out of them on the field.
 

matherto

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Sunderland have developed Jordan Henderson and Jordan Pickford. They just get sold on. Its easy to say "develop youth", but when you havent got the power to hold onto them, you're pretty much not going to get much out of them on the field.
I'm well aware that they've developed one or two players of note (same for Middlesbrough, much less so for Newcastle) but for the size of the area that the clubs have to pick the local talent, it's nowhere near enough.

And I'm also aware that if they can't hold onto them then it means they won't get much out of them on the field but if they're good enough it'll help them temporarily lift themselves up and then they can reinvest the giant fees they can command for great players to sustain a better position.

But it does require the owners to commit to it and that isn't the case.
 

Catt

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I haven't paid much attention here but why doesn't he let the club spend more money? On the outside he must be one of the worst owner a club can have.
 

the_box

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A good thread on the interview, lest anyone be on the verge of being conned by Ashley. The bit a lot of people don't get when Ashley tries on this "poor me" routine -

3. Ashley also claims he's “just not wealthy enough to own Newcastle”, adding: “I genuinely believe you need £1bn.” He may be right about the general nature of elite English football these days but this is an absolute nonsense point. And, again, it’s one he’S made before

There’s a lot to unpack, so

Firstly, the premise: Ashley's answering a question he’s not being asked. Fans aren't demanding that he spend £1bn or that win the league this year. They’re upset because experience has led them to conclude he wants it to spend only what it takes to avoid relegation
Caulkin gets stuck in too. Absolutely absurd attempt at spin/damage control from Ashley & co.

 
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T00lsh3d

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For anyone that follows financial news, sports direct are currently in the shit for repeatedly delaying their accounts. Having to squeeze a 700M Belgian tax bill past GT (their auditors) at the last minute
 

Bullhitter

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I like Mike Ashley. If I was a businessman and had temporarily lost my mind and bought a football club then once i had regained my sanity I would run it almost exactly as he has run Newcastle.

Football fans are a weird breed who lose all grasp on reality when it comes to how football clubs "should be run".