roydo
in memoriam - 1965-2024
In the last week or so he has paid £30m for DW Sports, and lobbed £100m at some internet/on line operation.
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Newcastle Utd (and Viz)
- Thread starter Del-boy
- Start date
In the last week or so he has paid £30m for DW Sports, and lobbed £100m at some internet/on line operation.
You've got to say he's been pretty successful as a businessman, albeit not so much as of late but that's arguably not all down to his own decisions.
He bought the club for £135m back in 2007, and now he's now looking at selling for £300m. How much as he invested in the club? It's nowhere near that I suspect.
In financial terms, I'd say his ownership hasn't been too shabby albeit not great for their fans.
Foot Long Hot Dog
Player Valuation: A packet of pork scratchings
He’s stuck about £150m of his own cash into it as interest free directors loans. So his investment owes him about £285m, so he’s basically getting little more than his cash back at circa £300m sale price, after 13 years of ownership.
Well, not such a great investment then.
Yarrgh
Player Valuation: £70m
I'd argue that Ashley's stewardship of Newcastle United has been financially very responsible. They've yo-yoed between the top 2 divisions but never been in the financial plight that has burdened other clubs who went down. It might be rather underwhelming as a Newcastle fan but go ask fans of Sunderland or Leeds or Forest or Derby how the last 13 years have gone and who'd they'd rather been their owner.
Just seen a later remark about investment via interest free loans. That's not chicken feed.
Disgruntledgoat
Player Valuation: £50m
Football clubs rarely are.
Aye, but the point being that Newcastle fans can't complain that he's stripped them bare etc., when in reality he'll have made little or no money from the sale.
What's happened during his tenure may be different, however as @Yarrgh mentioned they've been financially stable and have spent money at time.
MikeH72
Player Valuation: £100m
This. Things like refusing to bend over backwards for fat Rafael and pay him £10m a year (on top of the £100m transfer budget he wanted) when he knew he could just get Steve Bruce in to do the same job on a quarter of the salary go unnoticed a lot of the time. A very astute businessman.
Disgruntledgoat
Player Valuation: £50m
He's actually run the company at a profit, if not a personal profit.
catcherintherye
Player Valuation: £80m
I think I read somewhere they've spent about 300m quid in the last 2 or 3 years as well- mainly Benitez. It's never enough for Newcastle fans, and he's lost the PR battle, but he's given them copious amounts of money to spend. Unfortunately the manager the fans wanted, Benitez just spent it very badly on complete dross.
catcherintherye
Player Valuation: £80m
He has quite a straightforward, if a bit distasteful business model (it was described to me by ine of those who had worked closely with him as almost an anti-asset stripper, in that he sort of kills brands). It works for him though. He has pretty terrible PR, which seems to be a big part of his issue.
As for Newcastle, he knows he won't be getting anywhere near £300m now. He will do well to get £200m given what has happened. He should turn a small profit but not much more than that. Newcastle run the risk that the next buyer, may well want to leverage debt onto the club to fund the price he wants. To me I'd rather have Mike Ashley over that, but I doubt they will see it that way.
Kenwright waves and runs off laughing all the way to the bank
Yarrgh
Player Valuation: £70m
He'll be done with sports once he buys Newcastle.
Week 24. A new rumour enters the fray*.
*and I do mean that like Ashtonian entering a fray bentos. Disaster ensuing for our amusement.
JimmyJeffers
Player Valuation: £70m
lol lol lol