Mags embarrassing themselves yet again

Hard done to by the govt and EPL.

 

I believe that technically Barclays Bank owns the stadium, training ground and academy. It all came about when they were relegated with an overdraft of about 50 million. Barclays were happy with that in the Premier league but said it was to big of a risk for the championship and wanted to protect themselves so registered a mortgage over all of the mentioned above. That's what the paper printed at the time and I've no idea if that has been lifted since they returned to the premier league.

 

Heartbreaking. They've been through so much

 

Pretty much this. They own (or have a mortgage on) the stands, but don't own the site. They rent the site from the council, and every time they want or need to do some development on the ground they have to renegotiate the rent and get agreement from the council. According to what I was told years ago, the rent is cheap (relatively), but it still limits them on what they can and can't do because of the agreement. SJP is part of Leazes Park, and was built for Newcastle West End until they went bust. The agreement suited the Mags fir years, but in the last 40 or so years has become a problem for them. They can't develop the ground to the east because of the listed buildings there, the site is hemmed in, very expensive to maintain and massively expensive to clear. If they owned the site they could have sold it and used the funds to develop a new site, but they can't and are liable for the costs of clearing it. Up until the 70s that probably wouldn't have been that expensive, but since they redeveloped SJP the costs have massively risen, especially as environmental impacts have to be considered which wouldn't necessarily have been the case in the 50s, 60s or 70s.
Basically, they're screwed

 

I'm not lying, this is a Twitter post from an adult man who looks quite normal.


Tony Lister
@TonyLister14

"It will be interesting to see what the ‘other parties’ bid may be. Doubt it will be at £305m+.
Possibly the difference to be made up by the EPL as compensation.
Great for MA, but absolutely shyte for our Regional Economy & proposed investment in employment & infrastructure."

2:06 PM · Sep 2, 2021

See, thing is Tony, this is what happens when people repeat absolute nonsense enough times ...

... thick people believe it and repeat it as fact

 

Yes there are.

I've met one of them, and he's promised to introduce me to the other one after their Xmas get together.

 

when wondering about them, just remember that fat freddy got himself one hell of a deal when he offloaded to cashley and that bloke was so 'starstruck' about owning a club he agreed without doing his due dilligence and he is hoping the next mug will do the same, there HAS to be a reason(s) that so many potential take overs have walked once they get a look at the books, maybe the saudis are the same as it honestly sounds very much like stavely is the only one trying to keep the deal alive, the ones with the money have been very quiet and are possibly quite happy that they were given a way out...the fans in the meantime think the only way they are going to compete again is with a mega-rich buy out and cannot understand why no one seems to want them.

now, credit where it is due and putting rivalry to one side, the fans see a premier league club that can sell out 52k seats every home game and one that for a very brief while not too long ago, brushed that 'top six' fame they all seek...while they will also tell you they were in europe for however many seasons it was they either forget or just do not mention that at least a couple of those appearences were not down to league position but due to other circumstances and other clubs not wanting to be in (at the time we called it 'the rusty cat flap' way in rather than even a 'back door' way in...but, there really should be a club worthy of buying, i do not believe all of it is just down to cashley and i think the problems go far deeper than most fans will ever know.

 

I never realised that Newcastle did not own the Sid James heap, or that they do not have a great training ground.

Mind we have a modern excellent ground and a excellent training ground, but we are in the turd division.... hmmm

 

and therein lies the problem FFS left behind...he was so hell bent on this 'jordy nayshun' bollox he was willing to do whatever it took to get a higher capacity than the SoL, he just wanted everything to be 'better' than ours...hence the strange shape and over-built sid james and possibly why it is not as structurally sound as it should be with 50k people in it.

he expected the public to back him to the hilt and support the new ground and i honestly think he took a whack to the senses when they did not, he took whatever he could and got out...honestly, when i hear our fans complaining i really think they need to look up the road and count their blessings right now.

 

Yeah, perhaps whilst Sir Bob Murray did not, for owning a football club, have a pot to pizz in. He put more into Sunderland than he took out. Contrast that with FFS I suspect Ashley has put more in than taken out.

Sir Bob built England's training ground also.

 

Sir Bob was/is a wealthy man, even back in the early to mid 90s he was worth well over £50 million, not too far behind Hall. The difference always was that Sir Bob is a fan and didn't have a huge ego to feed, unlike Hall and Shepherd. Murray wanted to build the club up sustainably and knew that getting the SOL and the academy were keys to that. He made mistakes, and his innate conservativism meant he didn't gamble or take chances when he could, even when the risks weren't too high (not fully backing Smith after the back door promotion, for example). But he always tried to do the right thing for the club, even if he made mistakes. Hall and Shepherd enjoyed the profile and did what was either popular or got them attention. Neither of them seemed to try and build the Mags as a club to be consistently challenging. Just chuck money at it and hope it works. It's probably why their academy hasn't set the world alight while ours has produced the current England goalkeeper, England vice captain, ROI Internationals like Johnny Egan and a good chunk of current premiership and championship regulars.

 

Put it down to basics,

Both Sir John Hall and Sir Bob Murray were sucessful businessmen.

Sir John was a builder.

Sir Bob was an Accountant.

If Ashley had not bought them, NUFC would have been in trouble.
Some speculation that they could go broke.
And when he arrived, Mike was seen as a 'Knight in Shining Armour', by The Toon Army, galloping over the Town Moor, on his black and white charger, and coming to rescue The Faithfull.
The Press regularly carried stories of him buying drinks for all in the Big Market, after matches

Mike's fall from grace took a while.
Probably the time it took to unravel the books and for him to discover what fool he had been.

I've read that The Hall and Shepherd Family's, together took about £80mil out of NUFC, in fees and dividends, while the club made small profits only a couple of times during their ownership.
Ashly on the other hand has kept them afloat and, for most of the time, in the Prem.

Most of their Fans would, i think, celebrate Mike's demise.
But they mourned th passing of Mr Shepherd.

Beats me.

 

Of course, £50m is loads of money... however for a Premiership football club you probably need several £s Billions.

How do you get a small fortune, start off with a large one, then buy a football club,!

 

Spoilt bairns

 

...and this sums them up, much as they never wanted rafa to leave but hounded other managers out that actually had them in a better place, they want cashley out and someone/anyone who will simply be able to throw money about regardless of the long term to replace him. luckily for them we are in the 3rd division because if we were floating even slightly above them right now the protests would be deafening.

 

By this time next year we’ll be very close to them

 

Can you imagine how they’d feel if they had an owner who suddenly decided “enough is enough” and was responsible for getting them relegated to the third tier? Wonder if they’d celebrate that!

 

Pardew, at Newcastle, won manager of the season, their first and last to do so.

He took on a newly promoted side, kept them up and beat teams like Chelsea, Liverpool, etc.

He won at Man Utd, the first time for over 40 years.

He took them to a European quarter final.

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Benitez relegated them and left them for a cushy job in China.

 

I’ve actually stopped mentioning football to my mag colleagues at work as it’s just embarrassing. Some of these are clever people but they truly believe there is some sort of conspiracy against them from both Premier League and the government and constantly go on about the Saudi PIF takeover.

They completely ignore the facts that Saudi Arabia was responsible for breaking piracy laws abroad for TV football streaming rights, not to mention US intelligence directly pointed the finger at Mohammed bin Salman for signing off on political assassinations. They say that the PIF is separate but fail to realise it’s the same bloody people at the top!

Imagine what their reaction would be if it was us they were trying to buy.

 

The gravy masses will lap all that up. Love these whoppers who start their tweets with "i'm hearing...." and pretend to be ITK