Newcastle United - Who is getting the player sale cash?
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Who is getting the player sale cash?

In amongst our players being sold quicker than Lonsdale to charvas in Sports Direct's Metro Centre branch, it has to be worth asking the question over where the money from all these sales is going.

Many of us hope that the near 20m for Bassong and Martins, Duff's 4m, Beye's 2m and the imminent 6m would take a tasty 32m chunk out of the Barclays overdraft, leaving us with plenty of working capital space as well as a considerably lower wage bill for the remaining 9 months of Championship life.

However there is a suspicion that instead Ashley is taking the money and feathering his nest to recoup as much of the 134m deficit between his asking price and what he spent on the club. This, coupled with N'Zogbia, Given and Milner 's 25m from last summer and January, start chipping away nicely at the loss he'll make from his own incompetence and sticking with the Cockney Mafia.

Let's see some transparency from Ashley for just once in the bloated halfwits tenure and come clean over where the money is going.




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The Journalist

Writer: Ross Molyneux Mail feedback, articles or suggestions

Date:Thursday August 20 2009

Time: 9:10PM

Your Comments (oldest first)

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Does anyone think Ashley made the decision to sell the club when he heard the finances were crap? I reckon he did and has been striping money to cover what he put it and now he's going to sell up and walk away with near enough what he paid.
geordie_mark
Report Abuse
20/08/2009 22:11:00

...He's a fool for not just sticking the cash in a savings account and building up the interest for 2+ years
geordie_mark
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20/08/2009 22:11:00

Once he banks a couple more transfers, season ticket and tv revenue, he should be down to about a 60m loss. Small bean compared to the 400m he lost betting on HBOS shares.
BaldEagle
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20/08/2009 22:41:00

 

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