The council own the land, not the football stadium. The football club lease the ground from the council on a long term lease. Many people have mortgages on leasehold terms……. Apparantly its a bloke with shaved hair driving a picasso, Has Barton been down the barbers recently. It seems pretty clear that Ashley put feck all into the club last season and morgaged the assets to cover losses.
And to all those saying dont beleive the papers, … I have far more faith in a bullsh! He is sucking money out of the club, and once he has taken back some of his orginal investment to buy, he will cut his loses and put the club into administration. There is no way on earth… with the club having spent a net sum of stuff all on transfers in two years.
Then received parachute payments. Almost halved the wage bill and sold our best players as well as the new television money and sponsors that we should be losing this much money…. Players out: Rozenhal 2. How on earth did we get in so much financial trouble if Ashley really did put in further loans for instance the 20Mil he had to put in last year to keep us afloat ….
He is lying, and he is pocketing, tranfers fee, parachute payments and sponsorship money, and now television money. And that is why we as a club are in such a financial mess!!! But we do own the buildings which are built on it. Or am I missing something? All the losses, less sales of merchandise, relegation costs, and on and on are a direct result of poor managment by Ashley. Yet… he continues to pocket income and put the expenditure on the clubs books.
There is no other way the club can be losing that much money! That is called fraud mate, if you think he could get away with that through such a high profile institution as NUFC then you are wrong. The club files its accounts annually, they are audited by one of the biggest and most respected accountancy firms in the country — He is not stealing the money.
Sal, he is the sole owner of the company, its his and noone elses. YOu can only fraud a company that have other parties involved. YOu cannot steal from yourself! Where other clubs are spending around 15Mil a season with far less turnover than us. Plus were those signings not Big Sam signings. They were in all likelihood signed off by Fred Sheperd.
I can see your logic JJ, but it is fraud, and if any hint of that was present then I am sure the auditors would have to inform Companies House, which is a Government departmnet. Toonsy, there are always ways around in if you are the sole owner. He could take money out and say. Yes but I put in the same amount to compensate for that loss.
It was a cash injection. He could buy a player cash like Bassong not under the company name and keep the profit on the sell on. There are loads of things. He could reward himself a massive bonus of what ever he wished. Pay himself a massive salary out of the company… and so on. You do know you can get yourself a copy of the accounts for yourself right?
For a pound as a PDF download, if you want to straighten some facts out? It makes no sense at all, why we are losing the amounts we are having spent nothing. We lost less under Sheperd and spent loads…. The thing is — Why would he bother to do that? Facts are that we were on a road to ruin and Ashley took us on without realising the facts. I hate the bloke for the lies and deceit, but to hate him for not wanting to just give away an enomouse proportion of his own money is just naive. If Mike Ashley gets to bullsh!
Well financially anyway. JJ — If I give you millions of socks, can you go around and systematically shove one in each and every one of them sodding Vuvuzela things or whatever they are called. Makes a nice change to have someone other than Stu doing it — so by all means — fill ya boots! The foreigners are half the problem. Its the first thing they buy. Whats the point in having all these massive acts if all you can hear is the vuvuzela drowning them out.
Hopefully they ban them from that event at least. Also we are in much better financial state than many premier league clubs, few of which own their premesis outright and some of which are on the brink of administration. Much the same as the people who rings bells Pompey , blow trumpets England , bang drums Blackburn, Blackpool and have fully fledged bands err Balckburn and England. They should all be banned, or at least have said instruments rammed up their rectum.
Having sat three rows away from that Portsmouth twat who rings the bell, I can tell you that when the intial novelty dies down after 30 seconds, it become fricking annoying as hell.
They have some horns type things at Real Madrid Toonsy,it does my heed in when we go over there. The bells at pompy are a bit naff aswell. Stop speaking sense!!! You got a problem! The media feeds it and sadly, we buy into it! Lay back, relax and enjoy the summer before you get too obsessed with the apparent shinnanigans at or about SJP.
There is nothing funnier than a bunch of football fans trying to understand the running of a business. The fact that a mortgage is secured on a property does not change the ownership of the property. All the crude sums of transfers in and out are just laughable. It simply does not work like that in real life. There are constant depreciations on contracts, there are salaries and other payments, and there are a whole host of other costs that no-one seems even aware of.
How much is the insurance bill? Does anyone have a clue? Does anyone even know what they are insuring? I thought not. Stick to the footballing commentary. Leave the business side to those who know, and stop making fools of yourselves.
Like him or hate him, Ashley has forgotten more about running a business than most of you will EVER know in your lifetimes. The noise is all part of the atmosphere. Hmm, this is the same guy that bought the club without doing due dilligence and then signed players without putting a relegation clause in their contracts, some business man that.
I believe if St James burns down, Ashley gets paid out 5 cornish pasties a day in capital outlay for five years. Being popped at for reporting something that was brought to the attention of us by The Guardian ;.
The way I understand it is, as an asset, it is never truly owned until there is nothing owed on it. It may be my name on the deeds, bills etc, but if I ever fell behind then the bank would swoop to protect their investment, ie the money I borrowed, by claiming my house.
At the moment, like Newcastle, I do, which means they have a right to ownership if the club fail there side of the bargain, hence the real, true owners are, at the minute, Barclays. Wildly off topic, but had a demonstration of the new hybrid commercial vehicles on offer yesterday. Clever shit man. I believe London transport have already agreed to take some on trial. Worky — Ongoing. Do I want to leave a somewhere that I have led to the top of the industry, certainly within the UK?
I may not be the sharpest tool in the box at times, but I do have a record in that particular field that cannot be beaten, or can it? But my head is wondering what it could be like somewhere else. Emiliano Sala: David Henderson sentenced to 18 months in prison over plane crash deaths.
Marcus Rashford responds to school which will not feed children '1p in debt'. Dwight Yorke reveals he didn't get a response over Aston Villa job. Care home boss cries after sacking six staff members over mandatory jab policy. Internet left confused after hearing Salt Bae's voice for the first time.
You may also like. Due to the success Kevin Keegan brought to the club as their new head coach, Hall used his experience and expertise in property development to invest heavily into expanding the stadium. In , the Leazes End stand that had been demolished and not fully rebuilt was finally completed.
The Gallowgate End was rebuilt, the Milburn Stand modified, and a new pitch, drainage and flood lights were installed. With all four corners filled in with seating, by the stadium had reached a capacity of 36, In , Hall stepped down from his role as chairman and was replaced by fellow board member Freddy Shepherd.
These developments increased the capacity to approximately 52, Prior to the official name change, in , plans to rename the stadium were met by protests from angry supporters, including the tabling of the early day motion in Parliament.
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You tell.
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