Even if it was only £10M extra then it would have been worth while. We get less commercial revenue now than when Ashley first arrived ignoring inflation and ignoring the growth in this area which other Clubs, even such as Leeds, have been able to exploit. Yes we pay no interest on the debt but that doesn't account for how far we have fallen behind others who were on a level to us when Ashley arrived. Yes we have been relegated and yes that would impact severely on that source of income but whose fault was that??
I love we are holding up 2007 as some kind of commercial success yet we were plunging deeper and deeper towards financial ruin. The club was sold for one reason only, financially it was becoming a disaster for the owners. Commercially we should be doing better but we are small fry and we are better run now financially now than we were in 2007. I recognise it’s popular to live in the never never but it’s nit a good business model.
Quite simply the money being spent now is ridiculous. The best we can hope for is mid table and investing in youth players and a decent scouting network. Spending 10 million on this would do us much better than spending 10 million on one **** player.
This is my point. If we'd spent that commercial income on the facilities at the very least we wouldn't have gotten into such a mess. Nobody anywhere is expecting title challenges under Ashley or any owner. But to defend this mad titan bastard is insanity.
Repeat to a certain extent of what I’ve just said on another thread but how are we well run? Yes he has got the wild expenditure but that is only half of the picture. We earn less commercial income now than we did 11 years ago. How is that running the Club well?
We finished 10th in the PL and we keep our heads above water financially. Have a look around. Our fans are just unrealistic and unaccepting of the reality of our situation.
Always argued that we woukd be better off paying interest on the loan and putting advertising etc out on the market. It has created a lazy commercial section hence our failure in that department. Wouldnt be surprised if we were the only club in the division seeing a fall in commercial revenue. Even Sunderland now have their seats sponsored by Victoria Plumb.
I acknowledge the point that we could be better in terms of commercial revenues and maybe Ashley has maybe had his money's worth in free SD advertising, but just be careful comparing last season's numbers as a Championship club against any Premier League club's numbers, including our own in previous years.
That would be incredibly defeatist for a manager of his experience. I can't get my 15m striker so I'll just spend 5m because he's **** anyways? Not at all, there was a pre-existing list and funds that, however they were agreed, dictated around 5 on a striker after other deals fell through. I'm not guna lay that on Rafa's door in isolation in the same way you refuse to lay it at Mike's. A manager doing what he can under ****ty constraints to me mate. You're comparison of 3m and 35m definitely comes right out of the MA directive. Are you honestly suggesting it would hurt the club, financially, as much to give one of those funds over the other? We know a strict budget was kept, 40k wages, blah blah blah. In context 3m is **** all and 40k equated to even less. Thing is I've never doubted Mike is a good businessman who will bail us out in the championship. Doesn't mean he isn't culpable for the decision to keep us roughly competing where we are whilst using us as an advertising vehicle for Sports Direct. Also doesn't mean I won't moan about his lack of money spent in comparison to the advertising benefits for his real venture. I don't know any other clubs operating to such extremities so for me Benitez has a ready made excuse. My club is offering less capita from piss easy things like commercial revenue to fund my manager, but that's already ya 3m right there.
Exactly what Rafa's asking for but seems to be the sticking point in negotiations with Magic Mike XXL
So you’re advocating going into more debt? Which he has long said he wouldn’t do? Rafa knew the restrictions. What is the 40k wages? I’m not sure where this has come from. Joselu is on 50k anyway. Is this the keeper thing? This was debunked ages ago, 40k is a good wage for a keeper worldwide. Unless you’re one of the top clubs. Looking at our wages, they needed restrictions anyway. Fans want to run before they can walk. It takes a bit of common sense and business sense to work your way out of financial holes like we were in. We did and you should bend the knee to Mike for doing the steering for NUFC.
Not because of NUFC, but because Mike wants his money back. Nothing the man does is to the benefit of the club, it's all to the benefit of Mike Ashley.
Fat mike's valuation of the value of the waived interest simply hasn't take account of inflation and changing market conditions. The more I think about it I honestly think he never had or never will have an intention to sell the club. He openly said he bought the club to market his SD brand and the value of SD has soared. He's onto a right winner and think of all that PR he gets every time someone is talking about NUFC.
He would sell, but it'd cost a stupid amount. Good news, in a way, because if anyone offers him what he's after, they're gonna have to have a hell of a bank account.
You know I'm not advocating going into debt. I'm well aware you can read and the reason I said 3m more is because that could easily be made through commercial revenue. But yeh, sorry, everything we spend comes from Mike's pocket. We couldn't possibly make more money as a club. http://www.nufcblog.co.uk/2017/12/0...e-signing-of-willy-caballero-over-the-summer/ This then links to a Chronicle article. Can you tell me where you, and you alone, have got this 50k figure from Joselu on? I think what you actually need to do is decide whose fault this gigantic failing in commercial revenue is. Charnley's incompetence or Ashley's? Then you need to kiss Rafa's feet for delivering 10th place managing a club where the owner can't even manage to give him 'every penny' potentially earnt whilst shoving newt in himself.
Sadly with his business, and it's awful reputation, bad PR is good PR. For any other company its promotional suicide. To be fair you get enough pints down Mike and it's the same for him!
