1. Log in now to remove adverts - no adverts at all to registered members!

Mike Ashley's Newcastle United: Cash Cow at tipping point.

Discussion in 'Newcastle United' started by Hugh Briss, Jun 1, 2014.

?

Is Mike Ashley using NUFC as a Cash Cow?

  1. Yes.

  2. No.

Multiple votes are allowed.
Results are only viewable after voting.
Thread Status:
Not open for further replies.
  1. Lord Jonjomort

    Lord Jonjomort Well-Known Member

    Joined:
    Feb 25, 2014
    Messages:
    7,138
    Likes Received:
    3,487
    To be honest, neither me, Ashley's accountants nor anyone else gives a fck how many "support" Rangers. The fact they turnover around £19m a year tells you everything you need to know about them. It appears that for all their billions of fans, as none of them actually spend anything on the club it's worth the square root of fck all! <ok>
     
    #41
  2. TheJudeanPeoplesFront

    TheJudeanPeoplesFront Well-Known Member

    Joined:
    Jun 16, 2011
    Messages:
    12,940
    Likes Received:
    2,812
    £19 million a year now? When they've been playing in the Scottish 3rd division?!?!?!?! <yikes>
     
    #42
  3. Lord Jonjomort

    Lord Jonjomort Well-Known Member

    Joined:
    Feb 25, 2014
    Messages:
    7,138
    Likes Received:
    3,487
    What difference does it make? You're the one stating they've got millions and millions of supporters, which I am underestimating. Or is there some magical, intangible currency available based on size of fan base?! From the turnover at the club, all of these fans have somehow simply stopped paying any money into the club.

    At their absolute peak, the most Rangers have ever turned over is £56m which included participation in the CL Group phase and resulted in a £4m profit. Yep, a whole £4m. The previous year they posted a loss (which tends to cost money, somehow) of £6m and what happened after is best left alone for the purposes of this discussion! What chance Rangers back in the CL Group stage, in the era of FFP? Slim, I would imagine.
     
    #43
  4. Tel (they/them)

    Tel (they/them) Sucky’s Bailiff

    Joined:
    May 11, 2011
    Messages:
    61,295
    Likes Received:
    55,497
    There you go again, talking **** on something that you're completely under qualified on. Some things you say amuse me, but you come out with some f**king garbage on here pal.

    Enlighten me, why are you surprised that we didn't set up another club? Is that because a small group of fans set up another club a few years ago, whilst the majority continued to support United?

    Why would we fetch out the NEWTON HEATH colours again? The protest against the Glazers was because they acquired United with debt (Ashley bought you with his own money, how's that even comparable?), leaving fans uncertain, a club laden with £700m worth of debt after a takeover is bound to upset a lot of fans. Not qualifying for the ECL won't make any fans protest, it's disappointing but here's a f**king bit of wizdom for ya pal, not everybody reaches for the bedsheets every time we don't get our own way... whaddaya know?

    "Fact is" blah blah f**king blah, honestly? You don't know any facts pertaining to any owner of any football club do you? All you're doing is using your powers of assumption, and fitting it nicely in to suit your ridiculous argument. Owners can do as they please, obviously, but don't try telling me that you calling your owner a fat cockney bastard every home game is not having an effect on him, otherwise that dip**** manager of yours wouldn't come out with crap like "That one's for Mike".

    Winding up your dig with an attempt at a level headed conclusion is ridiculous, if you wanna argue what I've got to say be constructive. I never come on here to rip Newcastle apart, I got the response that was necessary from your fellow poster Roland. Don't pretend you know more than he does, logic and common sense were applied long before your rant.
     
    #44
  5. TheJudeanPeoplesFront

    TheJudeanPeoplesFront Well-Known Member

    Joined:
    Jun 16, 2011
    Messages:
    12,940
    Likes Received:
    2,812
    The WUM has just been WUMMED <laugh>
     
    #45
  6. TheJudeanPeoplesFront

    TheJudeanPeoplesFront Well-Known Member

    Joined:
    Jun 16, 2011
    Messages:
    12,940
    Likes Received:
    2,812
    Well the economics of the situation is quite important. How much turnover do you reckon our club would do in the Scottish 3rd division? That's why it was a good investment. They will only get stronger. We wouldn't flog many shirts if we were in the 3rd division of this country.

    The point was, you belittled Rangers support, inferring it's a mere fraction of SD's consumer base, though if ACS is correct, Rangers have at least half. They have supporter clubs on every continent, this from a team who plays in a Scottish League. I'd wager we, though having enjoyed the 90s boom in support and the ridiculous exposure the premier league has, struggle to beat supporter numbers globally. There's profit in the affiliation for sure.
     
    #46
  7. Lord Jonjomort

    Lord Jonjomort Well-Known Member

    Joined:
    Feb 25, 2014
    Messages:
    7,138
    Likes Received:
    3,487
    Brilliant. 1/2 is......
     
    #47
  8. TheJudeanPeoplesFront

    TheJudeanPeoplesFront Well-Known Member

    Joined:
    Jun 16, 2011
    Messages:
    12,940
    Likes Received:
    2,812
    <doh> Well anything's a fraction <doh>

    I obviously meant that you had suggested it was AN INSIGNIFICANT fraction and you well know it.
     
    #48
  9. Lord Jonjomort

    Lord Jonjomort Well-Known Member

    Joined:
    Feb 25, 2014
    Messages:
    7,138
    Likes Received:
    3,487
    Rangers will always more or less cost more to run that it will ever bring in. There is no TV money in Scotland, UEFA advertising rules are prohibitive and as has been explained til blue in the face, SD is a vastly bigger company than Rangers. Like most cheap retailers, the customer base is non-emotive.

    At no point did I belittle Rangers support, nor did I proclaim NUFC would do well in the Scottish third tier, so I just don't get what you're talking about.
     
    #49
  10. Lord Jonjomort

    Lord Jonjomort Well-Known Member

    Joined:
    Feb 25, 2014
    Messages:
    7,138
    Likes Received:
    3,487
    Ok, let's apply economics. A few online sources have the Rangers fan base at an approx. 5.5m, so let's be generous and round it up.

    SD has a turnover of around £2.2bn. Let's say the average deal size or transaction at SD was £30. That would make 73m transactions per year. If we say some customer repeat their business, maybe go on average four times a year, that makes a customer base of around 18m. Although these are assumptions, your Glasgow fanbase is around 1/3 of the size of Sports Direct ACTUAL customers. Now, my comment was actually about the overall PROPSECTIVE customers, as we were talking about investment potential. Spanning 19 countries, I would suggest that the potential customer base exceeds 300m. Can Glasgow Rangers realistically appeal to 300m people? No. It has 5.5m fans now, it will never have anymore. Now, can SD, given they post 20% growth year on year, expect to get MORE customers? Of course. 5.5m compared to 300m is an insignificant fraction. 2%.
     
    #50

  11. TheJudeanPeoplesFront

    TheJudeanPeoplesFront Well-Known Member

    Joined:
    Jun 16, 2011
    Messages:
    12,940
    Likes Received:
    2,812
    Profits wise. Yes, SD is bigger. That's how it should be shouldn't it??? Rangers are a sports club 1st <doh>. But there are clear commercial benefits from being associated with a global institution, hence why sponsors fall over themselves to advertise next to teams. For example, I walked all around Rome, nowhere did I see a SportsDirect, and if I had gone up and asked if someone had heard of it, they'd have said no most likely. Rangers, having played in the Champions League, they might of heard of. Stop pretending to be dumb on this issue <doh>

    And you know fine well what the point is. Ranger's turnover proves they're still big fish. £19 million pounds is incredible for a team that were in the third tier of Scottish football, a league that even Scotsport (equivalent of the English Football Focus) pays f*** all attention to.
     
    #51
  12. Blacker-than-Knight

    Joined:
    Jan 25, 2011
    Messages:
    2,489
    Likes Received:
    919
    Average attendance 42938, doubt many other teams in the Scottish 3rd division got that attendance, that is their financial base.
     
    #52
  13. TheJudeanPeoplesFront

    TheJudeanPeoplesFront Well-Known Member

    Joined:
    Jun 16, 2011
    Messages:
    12,940
    Likes Received:
    2,812
    Propsective? See the merit of picking up on slight errors on an internet forum now? Pointless, you're only ever 1 sentence from your own mistake.

    That's all assumptions, as you've said, and is not actually paying any attention to what our dear owner personality. He would pickpocket a dead hobo for a 20p. If there's any money to be made at any level of his main business, he'd make it, and not consider it insignificant.

    As I said in the beginning, his main return on Rangers shares won't be from what he reaps from SD, but what he makes via the buy low, sell high investment that Rangers represented. Yet it's still another partner that adds to SD's reach.
     
    #53
  14. pauljohnhutch

    pauljohnhutch Well-Known Member

    Joined:
    Jan 29, 2011
    Messages:
    1,318
    Likes Received:
    218
    f**k off you man u t**t,coming on this board and calling yourself united,go on piss off,if a sheffield united fan came on here and called themselves united i would think fair enough as they were first team to call themselves united but you lot jumped up knobs oh and by the way your not the biggest club in the world Real piss on you
     
    #54
  15. TheJudeanPeoplesFront

    TheJudeanPeoplesFront Well-Known Member

    Joined:
    Jun 16, 2011
    Messages:
    12,940
    Likes Received:
    2,812
    <laugh> that pisses me off too, but being fair pjh, he's just reacted angrily because he's not recognised the point of my post. Outside views and perspective are very much welcome on our club, but when the view is driven by the media and dropped as a barb without any actual validity, it just looks ignorant. Hence why I took the piss out of his sanctimonious attitude with a gentle helping of ignorance back. You can't control a massive fanbase, and there's no club in the world without a mark against their names in one respect or another when it comes to supporters. We are "fanatics" after all. Pretending that our supporters are "badly behaved" for singing about the owner, and that might put off other owners, is just dozy and lazy, because it's entirely missing the point of what Ashley's actually doing with the club and why those actions have been deemed necessary.

    His oversight on my reply is hilarious, because if someone at Man Utd sneezes, it'd be in the news for weeks. It's difficult to be an oxygen-sapping resemblance of sentient life, and remain ignorant of what happens at bloody Old Trafford. Evidently, that appears not to be the case for Newcastle United.

    But yes, he must be right, I'm sure a prospective owner would be put off by some comments about the bad previous owner <laugh>
     
    #55
  16. Albert's Chip Shop

    Albert's Chip Shop Top Grafter
    Forum Moderator

    Joined:
    Jun 27, 2011
    Messages:
    74,199
    Likes Received:
    40,433
  17. TheJudeanPeoplesFront

    TheJudeanPeoplesFront Well-Known Member

    Joined:
    Jun 16, 2011
    Messages:
    12,940
    Likes Received:
    2,812
    <laugh><laugh>

    If you are unhappy with the service I provided, my company would be delighted to hear about your opinion. FYI, my name is Joseph :bandit:




    Bloody hell... I hope the World Cup hurries up and starts. We might run out of topics to have frivolous meantime arguments about otherwise gents <wah>
     
    #57
  18. Hugh Briss

    Hugh Briss Well-Known Member

    Joined:
    Jan 27, 2011
    Messages:
    10,011
    Likes Received:
    834
    That's a pretty high percentage for the 'Yes' brigade! :)
     
    #58
Thread Status:
Not open for further replies.

Share This Page