The club has obviously got sick and tired of the bullshit and wanted to tell the world they've spent 150 million on players the last 2 years. I posted about this a few times saying things got much better but of course the toon fans wanted to pretend things haven't got better and took shots
If you read it it states Net spend over 5 windows since 2019 is £120m (160 spent on 9 players / 5 loans - 40 in sales) This includes payments which will be due or were due for appearances etc
You must remember of course that figure includes 40m for joelinton, one of the few things the club can’t blame supporters for
So basically that statement just says what I said a couple of weeks ago when the accounts came out. That there WAS NO MONEY.
I think the club's just telling the world that nufc fans are talking out their arses in relation to investing in side. I don't think the club gets anything right and that's the real issue, but as I've said several times in here they've been spending much more than before.
Just before anyone starts saying I'm wumming I thought I'd provide evidence to confirm I'm sincere Thankyou all for your time
What it also confirms to me is that as an operating premiership football club that’s been established for a couple of years our commercial deals are either: Shockingly bad and hasn’t improved since Ashley joined or; The rest of the PL teams have better commercial teams and secure better sponsorship or; We are just not an attractive commercial proposition and is probably right given MA. Who would want to be associated with him or; Ashley doesn’t want to speculate to accumulate thus the lack of investment from him being 0 is officially confirming what his own interest is and finally; The top six PL teams are lapping up all the commercial deals because of the “top six status”.
This is the thing Steve Bruce is actually more clued up than nufc fans and he knows all this.. He told you all several times when he said "we are where we are"! They ripped him to bits for his honesty with the fans
Well it's all of those things, of course. Plus we have a non-existent exec team so can't really strive for better, companies have been spending a lot less on football through the pandemic, TV revenues have flatlined but costs have continued to climb, and of course the club refuses to spend money against future earnings. All the clubs who came up looked at the first PL TV instalment which is paid mid-September and spent money on an overdraft knowing the TV revenue would pay it off. Some over-stretched on other financial models, spending ahead of their means in the hope of achieving higher league placement/euro football and clawing it back (Arsenal, etc.). We do absolutely none of these things. We spend literally what's in the bank. If Ashley's taken loan back, if there's less money because our sponsors/execs are ****, then - as Bruce rightly says - we are where we are. Is it right? Is it fair? Is it competent? No, it's Mike Ashley.
