Vital Football

Latest Newcastle United News

Masters of Mismanagement

Masters of Mismanagement

Saturday`s Chronicle stoked the pre-match fires by printed details of the disastrous mismanagement of the company finances by Messer`s Shepherd and Hall. Hall took an amazing £1.6m out of the club in the final year, with many of the directors also pillaging the club for redundancy packages. Fighting takeovers and paying back MGM cost the club nearly £10m whilst wages grew by a similar amount, putting the club in real danger. Luckily Mike cleared the debt when he came in…

Writer:Ross Molyneux
Date:Monday March 3 2008
Time: 12:01PM

Comments

0
Relegated and bankrupt WOW what an achievement.
TergeHauge
03/03/2008 22:41:00
0
Looks like things are going a bit pear shaped here...Money will kill our game, thats for sure.
Blue is the colour
04/03/2008 20:31:00
0
Not really - Ashley has paid off the debt in an Abramovich-esque way so it's start afresh, unlike the likes of the Scousers / Man Utd who are saddled with high interest debt.
SirLes
05/03/2008 07:58:00
Page 1/1
  1. 1

Login to post a comment

Recent Newcastle United Articles

Daryl Murphy Completes Move

Murphy joining EFL Championship side Nottingham Forest for an undisclosed fee

Rafa Benitez Demands 100% Focus From His Warriors

Rafa understands the multiple benefits of keeping a squad on its toes to maximise focus,

39th Game Abroad Not Yet On The Agenda

Premier League chairman Richard Scudamore has said that whilst he believes a 39th Premier League fixture list is still an option, it's not on the agenda just yet.

Murphy's Law

One Murphy is replaced by another..

Archived TOTT Articles

TOTT articles from

Site Journalists

TNMW
Editor email
Profile

Current Poll (see more polls)

How Many Players Do NUFC Need To Survive Next Season?
Suggested By: Talk of the Tyne
None3%
1-33%
4 or 539%
6 or 740%
More than 715%
ScoopDragon Premier League Network Sites
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Newcastle United Results (view all)

Newcastle United Fixtures (view all)

Vital Members League Table

RankNamePoints
1.CuckFan195
2.Toon_NoMatterWot145
3.PieMag120
4.keggy_keagal78
5.officemonkey30
6.The Pyrry25
7.daftladguy23
8.Gillyboat23
9.billybobcat22
10.Rytoon20
The Vital Football Members League