If I were to hazard a guess, I'd say that Rafa wants more than just the revenue that hits the account - I think he's probably trying to negotiate a percentage of the guaranteed future earnings. He's not hugely likely to get it, but Mike may relent a little like he did for McLaren. If they can reach an agreement, then Rafa will stay. If he 'only' gets what's already in the account, he may not - but he won't leave this Summer. I think he'll give it the year to see what happens.
That’s a bit worrying. If they were good they’d just release them. Could be the cost of relegation and funds from transfer having not hit the accounts are making the last accounts look a bit shaky. Would not help his selling position. Or in the eyes of the conspiracy theorist (Groot), the accounts look absolutely outstanding and it’s shows Mike has been keeping all the money for himself.
It's likely they're making sure absolutely everything is in order, what with HMRC sniffing over every last detail at the moment?
"You made 2mill" "No we didn't" 2 weeks later "Okay, you made 2.1mill" "Lee, you're sacked mate" "Okay, 2.15 and that's my final offer"
Best thing I've read is the headline: 'Rafa Benitez message on buying a Striker will have Mike Ashley sweating' Well yes, technically, but doesn't everything make Mike sweat?
Mikey has probably held them back for "creative massaging" so he can use them to persuade Rafa there is less money available.
I have just had a brief look over the accounts for 2016 accounts and the net balance sheet was valued at approximately 20m. click here https://beta.companieshouse.gov.uk/company/00031014/filing-history and choose full accounts slightly down the page. This set of accounts was for the year in which we actually got relegated and it makes reference to the transfer dealing of Sissoko and Gini being paid in installments POST YEAR END (over 4 years). This means that the accounts for the year ended 30 June 2017 include these sales but will be offset with the reduction in revenue for the year. Let me draw your attention to note 17 where it states the bank balance went from 44 million in 2015 to an overdraft of just over 2 million in 2016. This being the result of Mcclaren splashing the cash . Now, coming back to the fact that the installments of the Sissy and Gini transfers are over 4 years you can see why we have not spent much money. It just isnt there. In addition, note 18 states that there was an amount of £28 million due to be paid for player additions within 12 months of 31 June 2016. This meant that along with the hit of relegation, and the installments of the Sissy and Gini money being over four years, there was an additional £28 million to fork out on players bought in 2016. This is before any of Rafas purchases in 2017. Now if you factor in that Rafa spent approx 40 million plus to get us back in the premiership (and I suspect we probably have this outflow over a couple of years) you can see that we will potentially be at breaking point from a cash flow perspective. I suspect the accounts for the year ended 31 July 2017 show a mega loss and potentially a significant/almost catastrophic cash flow issue. Things will have improved since then (I hope) but when these accounts get published any hopes of Ashley getting £400 million IMHO is purely comical. The technical value of the balance sheet of the business will almost certainly be break even at best. So the value of the club is technically worthless. Ashley is owed £129 million (see Note 20). The assets of the club will be approximately equal to this so you could probably buy the club for a quid but have to find £129 million to get Ashley out of the door. This would only be giving back what Ashley put in, remember he paid £130 million for the club so he wants this money back too. So you would effectively be buying the club for £260 million just to give him his money back he has invested with no actual return for his investment. Apart from the free advertisement he has received and I cannot think of a value for this. I do not think anyone is going to pay £350 million to buy the club and then pump in another £100 million to invest in the playing staff but I hope I am wrong!
I like your exaggerated figures for spending and the fact you have neglected to mention the outgoings which went before the spending. Mike Ashley has NEVER spent his own money on Newcastle United transfers. As it's always been, it's money generated by the club. If I can be bothered, I will do some internet research to back up these facts (in a Rafa stylee)
But but but all the Rafaites told me we never spent all of our money ever. They told me Mike keeps it all for himself. Surely you are not suggesting that over the last 3 years that Mike has been handing the keys to all the money to the managers afterall? This can't be true. Groot wouldn't lie.
They definitely won't pay 350m Mike wants 400m What do you honestly think a near decade of free advertising has actually lost us. Peanuts according to some, I don't see it that way
Well some say it is effectively the Interest free element to the loan. So at say 4% PA that works out at £5 million a year in lost interest to MA. So although its an interest free loan, its actually like us receiving £5 a year from sponsorship for it.
Totally different, but much better than the 8.5% interest rate the mackems are paying American lender SBC for their £70 million loan against the Stadium - costing them £6.5 million interest charge in last financial year figures released (or approx. £130,0000 per week over the season)
