Keegan

[Rod Paradise]

Someone willing to pay £250m for a start off & £20m a season - and you've driven him out for Keegan??? You lot are mental & if he bankrupts your club to get back what he can you've only the fans to blame.

2) While I think there was sense in Ashley's statement some people seem to have fallen for the big 240m figure.  Okay so that is the money he has in the put right now. But its not money he has donated to NUFC! Its in there as an investment and you can bet your life that he'll be getting all that back. The 20m figure for willing to to put in every year is interesting. We are one of the few clubs who were in the black so it would have been interesting as to how that would have gone. Once again however him putting in 20m a year isn't him being generous. The value of the club would have been rising along with it - if not more so if his model was so good.

Oh and there is the fact that about half of this was because he didn't do his due diligence (which I think he has now confirmed publically). He didn't really have that much of a choice in the extra 100m for the ground repayment that was due when the Halls left the club. The way to become a billionaire is blatantly to be a bit of a cowboy.

[X] Debt of gratitude to him for being so keen.
[  ] threats of attacks against him for Keegan leaving (again).

[Rooky9]

Someone willing to pay £250m for a start off & £20m a season - and you've driven him out for Keegan??? You lot are mental & if he bankrupts your club to get back what he can you've only the fans to blame.

2) While I think there was sense in Ashley's statement some people seem to have fallen for the big 240m figure.  Okay so that is the money he has in the put right now. But its not money he has donated to NUFC! Its in there as an investment and you can bet your life that he'll be getting all that back. The 20m figure for willing to to put in every year is interesting. We are one of the few clubs who were in the black so it would have been interesting as to how that would have gone. Once again however him putting in 20m a year isn't him being generous. The value of the club would have been rising along with it - if not more so if his model was so good.

Oh and there is the fact that about half of this was because he didn't do his due diligence (which I think he has now confirmed publically). He didn't really have that much of a choice in the extra 100m for the ground repayment that was due when the Halls left the club. The way to become a billionaire is blatantly to be a bit of a cowboy.

[X] Debt of gratitude to him for being so keen.
[  ] threats of attacks against him for Keegan leaving (again).

Eh? He was so keen because he knew that with Freddy Shepard ill in hospital he had a small window to get through the Halls and the other shareholders so that Shepard had to sell! It was a business deal. Certainly no need to show gratitude. The price he paid for the club was a good price, he just thought it was even better than it was!

Your right to leave the x out of the threats. There are nutters everywhere in this world, but I can't see him being attacked physically at SJP.

[Rod Paradise]

Someone willing to pay £250m for a start off & £20m a season - and you've driven him out for Keegan??? You lot are mental & if he bankrupts your club to get back what he can you've only the fans to blame.

2) While I think there was sense in Ashley's statement some people seem to have fallen for the big 240m figure.  Okay so that is the money he has in the put right now. But its not money he has donated to NUFC! Its in there as an investment and you can bet your life that he'll be getting all that back. The 20m figure for willing to to put in every year is interesting. We are one of the few clubs who were in the black so it would have been interesting as to how that would have gone. Once again however him putting in 20m a year isn't him being generous. The value of the club would have been rising along with it - if not more so if his model was so good.

Oh and there is the fact that about half of this was because he didn't do his due diligence (which I think he has now confirmed publically). He didn't really have that much of a choice in the extra 100m for the ground repayment that was due when the Halls left the club. The way to become a billionaire is blatantly to be a bit of a cowboy.

[X] Debt of gratitude to him for being so keen.
[  ] threats of attacks against him for Keegan leaving (again).

Eh? He was so keen because he knew that with Freddy Shepard ill in hospital he had a small window to get through the Halls and the other shareholders so that Shepard had to sell! It was a business deal. Certainly no need to show gratitude. The price he paid for the club was a good price, he just thought it was even better than it was!

Your right to leave the x out of the threats. There are nutters everywhere in this world, but I can't see him being attacked physically at SJP.

When is the last time Newcastle showed a profit? The amount he spent did not make buying Newcastle a good deal - the fact he got shafted just made it worse. The EPL is becoming a megalomanic's graveyard - there were 2 teams playing each other sponsorless at the weekend - there's surely something wrong at that point?

You should have been grateful anybody bought the Shepards out - they'd nowt but contempt for the fans.

[ShatnerPants]

Did I hear correctly ?

£400 million ?

 

Bargain !

I'll have two please

 

[Rooky9]

When is the last time Newcastle showed a profit?

Operating profit, last year. Only 7 clubs in the league did that year and three of them went down.  Profit as you are probably refering too isn't there I accept, but I don't think that returns in dividends is the method that football investors are looking to get their return.

The amount he spent did not make buying Newcastle a good deal - the fact he got shafted just made it worse.

What basis are you making that statement?  I really can't see how he got shafted at all.

The EPL is becoming a megalomanic's graveyard - there were 2 teams playing each other sponsorless at the weekend - there's surely something wrong at that point?

You should have been grateful anybody bought the Shepards out - they'd nowt but contempt for the fans.

I've said before on other threads that I think the PL could implode, though that view goes against Deloitte's veiw!  I'd have caps on debt levels etc in place but thats never going to happen.

I don't think the lack of sponsorship reflects anything more than the climate of the companies who have sponsored those two teams. I'm guessing there are legal reasons why they have nothing on the shirt maybe. I don't think they'd struggle to get a deal from someone.

As for the Shepards, as in Freddy Shepard, yes he was a disease at NUFC and everyone is glad he has gone, but I refuse to see why fans should be grateful for someone making an investment. Had Mike Ashley actually got to the point of subsidising NUFC then there might have been a case for it - but we'll never know if that would have happened. I can't see that it would have.

[Chipleader]

David O'Leary could take temporary charge of Newcastle while the club sorts out its future. (The Sun)

LOL Things just go from bad to worse for newcastle

[Rod Paradise]

The amount he spent did not make buying Newcastle a good deal - the fact he got shafted just made it worse.

What basis are you making that statement?  I really can't see how he got shafted at all.

Oh and there is the fact that about half of this was because he didn't do his due diligence (which I think he has now confirmed publically). He didn't really have that much of a choice in the extra 100m for the ground repayment that was due when the Halls left the club. The way to become a billionaire is blatantly to be a bit of a cowboy.

I thought you did.

The EPL is becoming a megalomanic's graveyard - there were 2 teams playing each other sponsorless at the weekend - there's surely something wrong at that point?

You should have been grateful anybody bought the Shepards out - they'd nowt but contempt for the fans.

I've said before on other threads that I think the PL could implode, though that view goes against Deloitte's veiw!  I'd have caps on debt levels etc in place but thats never going to happen.

I don't think the lack of sponsorship reflects anything more than the climate of the companies who have sponsored those two teams. I'm guessing there are legal reasons why they have nothing on the shirt maybe. I don't think they'd struggle to get a deal from someone.

As for the Shepards, as in Freddy Shepard, yes he was a disease at NUFC and everyone is glad he has gone, but I refuse to see why fans should be grateful for someone making an investment. Had Mike Ashley actually got to the point of subsidising NUFC then there might have been a case for it - but we'll never know if that would have happened. I can't see that it would have.

One of them isn't sponsored AFAIK. That's got to be a worry for the smaller clubs doesm't it?

[Rod Paradise]

The amount he spent did not make buying Newcastle a good deal - the fact he got shafted just made it worse.

What basis are you making that statement?  I really can't see how he got shafted at all.

Oh and there is the fact that about half of this was because he didn't do his due diligence (which I think he has now confirmed publically). He didn't really have that much of a choice in the extra 100m for the ground repayment that was due when the Halls left the club. The way to become a billionaire is blatantly to be a bit of a cowboy.

I thought you did.

The EPL is becoming a megalomanic's graveyard - there were 2 teams playing each other sponsorless at the weekend - there's surely something wrong at that point?

You should have been grateful anybody bought the Shepards out - they'd nowt but contempt for the fans.

I've said before on other threads that I think the PL could implode, though that view goes against Deloitte's veiw!  I'd have caps on debt levels etc in place but thats never going to happen.

I don't think the lack of sponsorship reflects anything more than the climate of the companies who have sponsored those two teams. I'm guessing there are legal reasons why they have nothing on the shirt maybe. I don't think they'd struggle to get a deal from someone.

As for the Shepards, as in Freddy Shepard, yes he was a disease at NUFC and everyone is glad he has gone, but I refuse to see why fans should be grateful for someone making an investment. Had Mike Ashley actually got to the point of subsidising NUFC then there might have been a case for it - but we'll never know if that would have happened. I can't see that it would have.

One of them isn't sponsored AFAIK. That's got to be a worry for the smaller clubs doesn't it?

[Rooky9]

The amount he spent did not make buying Newcastle a good deal - the fact he got shafted just made it worse.

What basis are you making that statement?  I really can't see how he got shafted at all.

Oh and there is the fact that about half of this was because he didn't do his due diligence (which I think he has now confirmed publically). He didn't really have that much of a choice in the extra 100m for the ground repayment that was due when the Halls left the club. The way to become a billionaire is blatantly to be a bit of a cowboy.

I thought you did.

Shafted would imply he has been misled and got a bad deal. He didn't do the work to find it out (because he was being an opportunist). It would also suggest that the end deal thah he got was a bad one financially. I don't think it was, even with the 100m he didn't know about.  time will tell if/when he finds a seller. If he gets 245m for it in the state it is now, and with the world being the way it is now, it'll prove he got a good deal back then.

The amount he spent did not make buying Newcastle a good deal - the fact he got shafted just made it worse.

What basis are you making that statement?  I really can't see how he got shafted at all.

Oh and there is the fact that about half of this was because he didn't do his due diligence (which I think he has now confirmed publically). He didn't really have that much of a choice in the extra 100m for the ground repayment that was due when the Halls left the club. The way to become a billionaire is blatantly to be a bit of a cowboy.

I thought you did.

The EPL is becoming a megalomanic's graveyard - there were 2 teams playing each other sponsorless at the weekend - there's surely something wrong at that point?

You should have been grateful anybody bought the Shepards out - they'd nowt but contempt for the fans.

I've said before on other threads that I think the PL could implode, though that view goes against Deloitte's veiw!  I'd have caps on debt levels etc in place but thats never going to happen.

I don't think the lack of sponsorship reflects anything more than the climate of the companies who have sponsored those two teams. I'm guessing there are legal reasons why they have nothing on the shirt maybe. I don't think they'd struggle to get a deal from someone.

As for the Shepards, as in Freddy Shepard, yes he was a disease at NUFC and everyone is glad he has gone, but I refuse to see why fans should be grateful for someone making an investment. Had Mike Ashley actually got to the point of subsidising NUFC then there might have been a case for it - but we'll never know if that would have happened. I can't see that it would have.

One of them isn't sponsored AFAIK. That's got to be a worry for the smaller clubs doesm't it?

There are clubs alot smaller (with less coverage) than West Brom and they manage to get sponsorship. Not sure what the situation is down there though, must some reason for it - whether they think they can make more by waiting for companies to be in a better position to get a better long term deal perhaps. Still would be worth having a one year deal for the time they are in the PL though. Very strange.

[ShatnerPants]

Shafted would imply he has been misled and got a bad deal. He didn't do the work to find it out (because he was being an opportunist). It would also suggest that the end deal thah he got was a bad one financially. I don't think it was, even with the 100m he didn't know about.  time will tell if/when he finds a seller. If he gets 245m for it in the state it is now, and with the world being the way it is now, it'll prove he got a good deal back then.

I'm absolutely sure he knew about the 'extra' £100 mil when he signed up.  He's just saying that now to get the sympathy vote.

I know it was 3 days ago now, and I've heard nothing to back it up, but I definately heard a report on either Talksport or 5Live about someone trying to tout Newcastle around the arab world for £400 million. 

That's opportunism.

Then they had an 'expert analyst' on suggesting that £400 mil was far too optimistic, the actual value in the current market is much nearer £300 mil.

Now, if this guy is such a great Newcastle fan, and he was so willing to put £20 mil a year into the club, he should be willing to take, say £220 mil, and leave the new owners an initial £80 to invest in players.  Even in the stupidly inflated market we have at the moment, that should manage to buy a centre back, and maybe a midfielder as well, as long as they're careful.

It ain't gonna happen, coz he's going to drain every penny he can out of the club. So unless the new buyer is as rich as the Man City lot, there still wont be any money left to invest  on the pitch.

Financially, I bet Ashley come out of this smelling of roses.  Morally I bet the stench is altogether different.

[Rooky9]

Shafted would imply he has been misled and got a bad deal. He didn't do the work to find it out (because he was being an opportunist). It would also suggest that the end deal thah he got was a bad one financially. I don't think it was, even with the 100m he didn't know about.  time will tell if/when he finds a seller. If he gets 245m for it in the state it is now, and with the world being the way it is now, it'll prove he got a good deal back then.

I'm absolutely sure he knew about the 'extra' £100 mil when he signed up.  He's just saying that now to get the sympathy vote.

Perhaps badly worded by me. Basically there was a non current liability sat somewhere in the group structure. The lack of due diligence meant it wasn't discovered that the sale of the club triggered that liability to become current and paid in a certain period of time. 

I know for a fact that there was a ridiculous lack of due diligence for a transaction this size, before even starting on it being football.

I have heard the figure he was touting in UAE as 480m quid too. Incredible really. 260m seems like a fair price.  While I don't expect him to do Newcastle any favours along the lines of selling for less to let the new owners spend more, I do expect him to get out with less than a 20% return on his investment.

[Rooky9]

Nigerian businessmen with 350m to put into a football club.... Hmmm.

[Acidmouse]

Nigerian businessmen with 350m to put into a football club.... Hmmm.

Did he send an email saying he had the money and for a small admin fee of 40 pounds he would buy the club?

[Rooky9]

Nigerian businessmen with 350m to put into a football club.... Hmmm.

Did he send an email saying he had the money and for a small admin fee of 40 pounds he would buy the club?

Probably. Ashley would probably take that as a formal offer.

[Horneris]

Nigerian businessmen with 350m to put into a football club.... Hmmm.