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the debt we owe mike ashley
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Sir Kevin Keegan Offline
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Post: #1
the debt we owe mike ashley
does anyone know how much we owe him now ,it was 134 million when he bought the club so what is it now ?
01-06-2013 09:51 AM
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gossie_leg_end Offline
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Post: #2
RE: the debt we owe mike ashley
(01-06-2013 09:51 AM)mr kevin keegan Wrote:  does anyone know how much we owe him now ,it was 134 million when he bought the club so what is it now ?

not much different Sad

Newcastle United’s debt
The club’s net debt as of 30th June 2012 was £129,343,000.00 (£129.34 million). This is very slightly down on the figure for the previous year, which was £130,485,000,00 (£130.48 million). £129 million of this is owed to Mike Ashley (down from £140 million in the previous accounts) as Ashley took back £11 million which was secured on future broadcasting revenue. However the club’s cash in Barclays Bank which was over £9 million is now £343,000.00 overdrawn. Ashley will be taking back a further £18 million within the next year, once again secured on future broadcasting revenue. The bulk of Ashley’s loan was to pay the debt he inherited when took over the club, passing the debt from himself to the club.


http://www.nufcblog.org/2013/04/newcastl...ah_EtJawVo

Freedom is just another word for nothing left to lose.
01-06-2013 10:31 AM
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Sir Kevin Keegan Offline
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Post: #3
RE: the debt we owe mike ashley
so not much of a change .i cant see us moving forward under this lot .
1 relegation
1 relegation battle
finished 5th
poor return
01-06-2013 10:34 AM
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SirLes9 Online
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Post: #4
RE: the debt we owe mike ashley
Add to that:
sh*t loads of money into the club.
Massive reductions in outgoings ie wages.
Very minimal net outlay on transfers in 5 years, if any.
NO REDUCTION in debt to Fat Man.

Now I'm no accountant but................

"We are not a stepping stone, we are Newcastle United. Every player should be honoured to wear the shirt of this club" Rafa Benitez.
01-06-2013 12:06 PM
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Morhana Offline
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Post: #5
RE: the debt we owe mike ashley
(01-06-2013 12:06 PM)SirLes9 Wrote:  Add to that:
sh*t loads of money into the club.
Massive reductions in outgoings ie wages.
Very minimal net outlay on transfers in 5 years, if any.
NO REDUCTION in debt to Fat Man.

Now I'm no accountant but................

Must admit I have wondered that if we are becoming more stable when are we going to start to repay this.

Personally I would like to see some headway in clearing it, so one we are totally stable and debt free, and it would also put us in a better position if Ash decided to sell. As he would only need to find a buyer for our value and not the debt as well, which makes buying us and even bigger outlay.

I don't think we should go all out to clear it asap, as we still need to be able to invest in the club etc, and we don't want to totally stand still while clearing the debt, but we could at least make a start, say for example if we paid 10 mill a year, yes it would take just over 13 years, but at least it's a start every little bit helps in my book.

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01-06-2013 12:38 PM
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Boydie Offline
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Post: #6
RE: the debt we owe mike ashley
He's had plenty of money out of the club but just not chipping it off the loan.Mark my words he'll get all of that loan back if he sells on top of what he's already skimmed off the annual income thats generated every season.He's a businessman he's not doing this for nothing.
If a rich Arab is interested in buying us and the already perfectly good stadium and fanbase they'd pay Ashley his money back and more.
01-06-2013 05:37 PM
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Sir Kevin Keegan Offline
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Post: #7
RE: the debt we owe mike ashley
i think that when anyone wants to buy the club and they see the debt added to the club it will put them off .
01-06-2013 05:39 PM
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Boydie Offline
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RE: the debt we owe mike ashley
(01-06-2013 05:39 PM)mr kevin keegan Wrote:  i think that when anyone wants to buy the club and they see the debt added to the club it will put them off .

Well in that case we've got Ashley forever as he's not taking anything the club brings in off the debt.....Sending us a very clear message....This lard arse aint moving. huh
01-06-2013 06:04 PM
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Sir Kevin Keegan Offline
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Post: #9
RE: the debt we owe mike ashley
i think he wants about 300 million for the club and debt as a package .he wont get that so he is here for a long time.
02-06-2013 09:26 AM
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pboromag Offline
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Post: #10
RE: the debt we owe mike ashley
seen a programme on sky today with kk on it

i dont care what people want or think of ash

i wouldnt want the club going back to the days beofre he became manager

and dont forget the debt ash has is from when he took over

not what he created

and he still had to move on players with long contracts and didn have the revenue as our great owners before him had spent it

relegation was a downer but we had been there or there abouts for a few years

i saw it as a blessing a chance to move those that didnt want to play and fight for the shirt

not many teams that came up with us have spent the money we have

he sticks to his guns so i cant see him going and he hardly ever fails with his goals
02-06-2013 09:39 AM
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