Newcastle Utd (and Viz)

[catcherintherye]

It's clever business, only the repayments on the loan will be calculated as expenditure, not the full amount borrowed. This is simply short term budgeting.

It means they are keeping well within the bounds of FFP while they create a better income stream through improved sponsorship, merchandising and other forms of income, all of which will allow them to spend bigger in future years. They have some very clever people working for them.

But because of Mike Ashley's frugality, they are already well within FFP and will be for the next couple of years.

It's a very odd decision to me. But then so is buying Villas 3rd choice left back, and lads like Pope and Wood for big money.

Let's put it this way, it's not Chelsea or City when they were taken over is it? It's not really even what Moshiri did. It's almost like they havent actually got the entire budget of Saudi Arabia behind them, as some seemed to have speculated.

 

[Yarrgh]

But because of Mike Ashley's frugality, they are already well within FFP and will be for the next couple of years.

It's a very odd decision to me. But then so is buying Villas 3rd choice left back, and lads like Pope and Wood for big money.

Let's put it this way, it's not Chelsea or City when they were taken over is it? It's not really even what Moshiri did. It's almost like they havent actually got the entire budget of Saudi Arabia behind them, as some seemed to have speculated.

It's almost as if the Saudi wealth fund is making investments to get a financial return... which I wouldn't knock as it shows they're potentially going to get the club on an even keel and run it well. Not as exciting as flinging money around like a drunken Moshiri in Kia Joorbachian's show room.

 

[kenada_blue]

It's clever business, only the repayments on the loan will be calculated as expenditure, not the full amount borrowed. This is simply short term budgeting.

It means they are keeping well within the bounds of FFP while they create a better income stream through improved sponsorship, merchandising and other forms of income, all of which will allow them to spend bigger in future years. They have some very clever people working for them.

You've got £200mill to spend before you even scratch FFP mate.

Think you may have to admit you got bought by the Saudi Mike Ashley

 

[St James]

Think you may have to admit you got bought by the Saudi Mike Ashley

It's almost like they havent [sic] actually got the entire budget of Saudi Arabia behind them, as some seemed to have speculated.

Time will tell, we will know in 4 or 5 years exactly which way it is going. It's a marathon not a sprint.

 

[mahermi1]

But because of Mike Ashley's frugality, they are already well within FFP and will be for the next couple of years.

It's a very odd decision to me. But then so is buying Villas 3rd choice left back, and lads like Pope and Wood for big money.

Let's put it this way, it's not Chelsea or City when they were taken over is it? It's not really even what Moshiri did. It's almost like they havent actually got the entire budget of Saudi Arabia behind them, as some seemed to have speculated.

To be fair Chelsea and Man City will never happen again ffp has seen to that the top six are safe it's all good.

 

[St James]

To be fair Chelsea and Man City will never happen again ffp has seen to that the top six are safe it's all good.

Actually, I have just looked further in to this HSBC document with Companies House. There is no loan, the club have simply cleared all charges with Barclays that were remaining from 2019 Mike Ashley business and closed with Barclays, and have opened a new facility with HSBC.

I'm pretty confident that the owners know what they are doing financially, certainly they will have greater understanding, and be employing people with greater understanding about how business and financing work than people on grandoldteam.com

 

[4737carlin]

Glad Leicester have knocked them back on Maddison

 

[MikeH72]

It's clever business, only the repayments on the loan will be calculated as expenditure, not the full amount borrowed. This is simply short term budgeting.

It means they are keeping well within the bounds of FFP while they create a better income stream through improved sponsorship, merchandising and other forms of income, all of which will allow them to spend bigger in future years. They have some very clever people working for them.

What you mean Mike Ashley was actually an incredibly shrewd owner who ran your club in a sensible way, laid stable foundations and was ultimately good for your club? Welcome to 2019 mate, nice of you to join us, I was trying to tell your lads all of this on here back then.

 

[kenada_blue]

Time will tell, we will know in 4 or 5 years exactly which way it is going. It's a marathon not a sprint.

Absolutely mate. But the "Newcastle tax" for players isn't going to go away. You're going to be paying premium for anyone.

So it's all down to spending the money right, rather than not over spending

 

[Simon Buttle]

Absolutely mate. But the "Newcastle tax" for players isn't going to go away. You're going to be paying premium for anyone.

So it's all down to spending the money right, rather than not over spending

It will always be this way for them. They have already suffered this summer from the problem they have always had in that players simply just do not want to live in the north east.

 

[kenada_blue]

It will always be this way for them. They have already suffered this summer from the problem they have always had in that players simply just do not want to live in the north east.

I've read they don't want to throw money about. They've tabled £40mill for Madison at Leicester. He ain't going anywhere for less than £60million, everyone knows that. Add a Newcastle Tax, you're talking £70mill.

If they're not wanting to spend that...then they ain't going to be a super force anytime soon.

They can still be a very good team though

 

[catcherintherye]

Time will tell, we will know in 4 or 5 years exactly which way it is going. It's a marathon not a sprint.

That's true mate, but it happened a lot quicker re Chelse and City

 

[Bedfordblue]

Sounds like what Bill did with Vibrac Corporation……. This must be what he meant with his ‘what would Everton do’ line

 

[4737carlin]

I've read they don't want to throw money about. They've tabled £40mill for Madison at Leicester. He ain't going anywhere for less than £60million, everyone knows that. Add a Newcastle Tax, you're talking £70mill.

If they're not wanting to spend that...then they ain't going to be a super force anytime soon.

They can still be a very good team though

There refusing the Newcastle tax, which isn't going to work, the money is there, and clubs like Leicester won't strengthen a rival

 

[kenada_blue]

There refusing the Newcastle tax, which isn't going to work, the money is there, and clubs like Leicester won't strengthen a rival

Exactly. £70mill is getting laughed at by the barcodes...but that's what it will take IMO for the reasons you've said...he's English, 25, an international playing for a top 8 side.