Carver!

[Tel (they/them)]

If newcastle are worth that we most be worth a fortune, we own the ground our stadium is on as well as the stadium, our facilities are among the best in the world, 40K crowds, now debt free, owned excess lands for development, lucrative long term partnerships already in place.

But I think £250m for Newcastle is the valuation of a fantasist personally. If you are worth that like I said, we most be worth a fortune.

It's profit margins innit Bri, to an investor, they look at how much they'd make in 4 years as rough, rule of thumb.

I'd imagine Newcastle make in the region of £50m profit, before tax.

Add to that your brand capabilities and so on, future projections, ie. increments in revenues from TV/inflation etc.

I'd say Ashley would need a lot more than £250m to sell up if he's still owed £120m in loans.

His current model, he can take £250m from that club probably over 10 years, why sell it? no need.

 

[John Cardew]

It's profit margins innit Bri, to an investor, they look at how much they'd make in 4 years as rough, rule of thumb.

I'd imagine Newcastle make in the region of £50m profit, before tax.

Add to that your brand capabilities and so on, future projections, ie. increments in revenues from TV/inflation etc.

I'd say Ashley would need a lot more than £250m to sell up if he's still owed £120m in loans.

His current model, he can take £250m from that club probably over 10 years, why sell it? no need.

Spot on explained it better than I could try to. Although on the last point, that's undoubtedly been his thinking UNTIL Rangers became available. He'd have stayed for decades eeking money out of us. But I think now he sees more potential in getting a club for next to nothing and having Sports Direct plastered across all the champions league programmes in a few years. If he could keep us both he would I'm sure.

 

[Smug in Boots]

As above, we were worth 150million a decade ago and we were haemorrhaging money then, we're profitable now. I reckon Big Mike would sell for 200.

I didn't know that ........... are you sure Ashley isn't owed money by NUFC?

 

[John Cardew]

I didn't know that ...........

That, I believe, is what it cost Big Mike to gain full control when he took over. (Okay not quite a decade ago, 8 years)

 

[Brian Storm]

That's exactly what I mean, the best way forward for a club of our level is to just accept being used as a stepping stone and fast turnover of players and managers. It's fine by me if it gets us up the table faster.

I wouldn't like to guess mate but he paid around £150m for us I believe. Since then we have become a profitable business, which is incredibly rare, in fact almost unheard of for a football team in England. That's what boosts our value, aswell as being in the top 20 richest clubs worldwide. Looking at the things you've listed there, I'd have to questin what is going on at your club that's causing you to post such big losses year in year out???

I keep hearing this about you being profitable, you're not are you really? You're breaking even as Ashley skims to repay the loan. You would be profitable if not for the debt but the debt is very much there.

We've posted losses year on year because the books weren't balanced, but there's been no loan debt on the club, only spent into our overdraft. We've sorted our wage bill out, kept a zero net spend for multiple seasons to pay off our overdraft. That nice big seventy million at the end of last season cleared the last of the debt and give us the money for PVA and Rodwell, we've already been told that the tv money cleared the debt by our Chief Executive. All this coincides with the introduction of the ffp rules in which Ellis short himself was one of the main players in setting up. It's a very recent thing but believe me fella, we're now debt free, our wages are in line and our revenue capabilities have expanded.

 

[Tel (they/them)]

Spot on explained it better than I could try to. Although on the last point, that's undoubtedly been his thinking UNTIL Rangers became available. He'd have stayed for decades eeking money out of us. But I think now he sees more potential in getting a club for next to nothing and having Sports Direct plastered across all the champions league programmes in a few years. If he could keep us both he would I'm sure.

Mike Ashley probably won't own Rangers on paper, he'll have the entire club swallowed up by Sports Direct, one way or another, using a loop hole. He'll still own it, with that Lambias in charge running the show of course.

Ey maybe it's something simple, all of us debating this and that, he could just be buying Rangers cos they'll let him have a pint in his seat during the match

 

[C19RK73]

That, I believe, is what it cost Big Mike to gain full control when he took over. (Okay not quite a decade ago, 8 years)

He brought nufc for £135m, after relegation the clubs value fell to £80m

 

[John Cardew]

I keep hearing this about you being profitable, you're not are you really? You're breaking even as Ashley skims to repay the loan. You would be profitable if not for the debt but the debt is very much there.

We've posted losses year on year because the books weren't balanced, but there's been no loan debt on the club, only spent into our overdraft. We've sorted our wage bill out, kept a zero net spend for multiple seasons to pay off our overdraft. That nice big seventy million at the end of last season cleared the last of the debt and give us the money for PVA and Rodwell, we've already been told that the tv money cleared the debt by our Chief Executive. All this coincides with the introduction of the ffp rules in which Ellis short himself was one of the main players in setting up. It's a very recent thing but believe me fella, we're now debt free, our wages are in line and our revenue capabilities have expanded.

Mate from a long term business perspective, the yearly profit/losses is far more important than solid debt.

 

[Smug in Boots]

That, I believe, is what it cost Big Mike to gain full control when he took over. (Okay not quite a decade ago, 8 years)

"In the last published set of accounts, published in March 2011 (for 2009/10), they revealed that the club’s net debt at that time stood at around £150 million, most of this figure being owed to a certain Mr.MJW.Ashley of Totteridge, Hertfordshire."

 

[Deleted #]

En Garde

Great to see, everything that's been chucked at him he's came back and answered everybody and everything directly. Respect fella.

Doesn't matter that you can't remember Ashley failing to sell the club at 100m, so haven't got a Scooby doo where this 250m price tag is coming from

 

[Brian Storm]

It's profit margins innit Bri, to an investor, they look at how much they'd make in 4 years as rough, rule of thumb.

I'd imagine Newcastle make in the region of £50m profit, before tax.

Add to that your brand capabilities and so on, future projections, ie. increments in revenues from TV/inflation etc.

I'd say Ashley would need a lot more than £250m to sell up if he's still owed £120m in loans.

His current model, he can take £250m from that club probably over 10 years, why sell it? no need.

They don't make profit they breakeven, Ashley takes the profit for loan repayments.

 

[John Cardew]

Mike Ashley probably won't own Rangers on paper, he'll have the entire club swallowed up by Sports Direct, one way or another, using a loop hole. He'll still own it, with that Lambias in charge running the show of course.

Ey maybe it's something simple, all of us debating this and that, he could just be buying Rangers cos they'll let him have a pint in his seat during the match

Whatever it is that he's hatching in that egg head of his, you can sure it will be something extremely ****ish and in the best interests of no one but himself.

 

[Tel (they/them)]

I keep hearing this about you being profitable, you're not are you really? You're breaking even as Ashley skims to repay the loan. You would be profitable if not for the debt but the debt is very much there.

Last I read, he wasn't taking anything from the club for himself, as long as the club owe him £120m nobody will ever buy the club.

There's no way in hell he'll want to sell that club, not with the rate money is being poured into the EPL.

 

[John Cardew]

En Garde

Great to see, everything that's been chucked at him he's came back and answered everybody and everything directly. Respect fella.

Doesn't matter that you can't remember Ashley failing to sell the club at 100m, so haven't got a Scooby doo where this 250m price tag is coming from

Championship

 

[Brian Storm]

Mate from a long term business perspective, the yearly profit/losses is far more important than solid debt.

But you aren't making profit are you?

 

[Smug in Boots]

They don't make profit they breakeven, Ashley takes the profit for loan repayments.

Are the interest rates worked out by Wonga

 

[Tel (they/them)]

They don't make profit they breakeven, Ashley takes the profit for loan repayments.

Even if he's doing that mate, the books will still show that as profit, he won't be there to do that once he's sold it... well maybe he ****ing would actually!

 

[John Cardew]

But you aren't making profit are you?

We are and that's BEFORE the massive changes to TV revenue.

One thing your overlooking is that almost all clubs have debt. I really wouldn't be certain that Sunderland don't mate. It costs a small fortune year in year out in dead money just to service that debt. Whereas Ashley wrote off all our creditors and took the debt upon himself so all that money that would have been spent on servicing the debt (I'm sure I read somewhere it can be up to 20million a year, not sure on that though) isn't the case for us.

 

[Smug in Boots]

I agree with Terry that Ashley doesn't need to actually own Rangers to promote his business.

He has them by the bollocks and he'll advertise in whichever way he chooses eventually.

There's no point selling Newcastle.

He's been giving absolute proof that, no matter what weeping & wailing, 50,000 will turn up year after year.

He just can't lose can he ........ he can manipulate the debt figures to show anything he chooses.

 

[Tel (they/them)]

2013 Figures show a post-tax profit of £9.9m

2014 are probably better with Cabaye being shifted.

2015 will be by far and away better with the TV deal and the sale of Sissoko to Arsenal and Perez to United.

 

[Brian Storm]

Last I read, he wasn't taking anything from the club for himself, as long as the club owe him £120m nobody will ever buy the club.

There's no way in hell he'll want to sell that club, not with the rate money is being poured into the EPL.

Well their last financial report shows A profit less then 10m mate. Ashley will spend what he needs to keep them up, then go back to taking for the debt like he has been doing. I don't think he wants to sell it either, but you can bet your arse he still wants his money back.