Date:Tuesday June 21 2011
Newcastle United has had it's fair share of controversial characters,with our owners or chairmen being right up there with the very best. Our current owner, Mike Ashley,no different with the scenario here being the football equivalent of marmite..
Anyway, steering clear of the controversial moments and concentrating on the 'good' side of our owner, We at ToTT will analyse the business side of his time here...
Reading between the lines,he's been labelled as the red adair of Tyneside by his 'saving'of the club from possible administration (if rumour was to be believed) but the only 2 possible scenario's surrounding his decision to buy in backing up this claim are either he really didn't do due diligence and has had to make up a brand new business plan year after year based on results or he knew the situation here and has exaggerated it to make himself look better.
As much as I've tried, i just can't believe he came into this club 'blind' as the fans knew the score here and so did football itself.. Someone somewhere would have told him..
So, moving on to the financial side of things with a high wage percentage to turnover in 2007 to cost-cutting in a massive way after relegation in 2009. Yes finances have taken a turn for the better here. With mentions of breaking even last year also..
Transfer activity in Ashley's time has been frantic to say the least and the figures up until the promotion season, have him spending just short of £50 million on players but recouping around £68.5 million. A PROFIT OF JUST SHORT OF £19 MILLION.
Since promotion though, this profit margin has rocketed with an up to date figure (including Cabaye) of a spend totalling £14.5 million with a sales recouping of £38.5 million (including Nolan, who has a clause in his contract for add ons), SO A PROFIT OF £24 MILLION HERE. Not to mention the other players who's contracts have expired and been released.
A total profit of £43 million on transfers alone in 4 years, plenty of staff cuts, wage reductions etc.
So, what is it you are saving up for Mr Ashley? Are you repaying yourself on the QT, Preparing a lump sum transfer fee for a World star or is it just for a rainy day?
Date:Tuesday June 21 2011
French Exodus Continues (Wednesday July 23 2014)
Liam Sweeney and John Alder (Monday July 21 2014)
Ben Arfa Saga Is A Real Shame (Thursday July 17 2014)
Janmaat Gets His Confirmation (Thursday July 17 2014)
Surely It's Too Late For Grenier? (Thursday July 17 2014)
French Riviere On Tyne (Thursday July 17 2014)
NUFC Edge Closer to Striking A Deal (Wednesday July 16 2014)
Toon on TV (Monday July 14 2014)
Janmaat Close To Sealing Deal (Monday July 14 2014)
NUFC Expectations (Monday July 14 2014)
|10.||Kim Jong Un||65|
|10. Man City||0||0||0||0||0||0|
|11. Man Utd||0||0||0||0||0||0|
|Nani Could be Heading Where?
» Man Utd : 23/07/2014 17:03:00
|Hummels deal Dead in the Water?
» Man Utd : 23/07/2014 16:53:00
|Hang 'Em High!
» Spurs : 23/07/2014 16:00:00
|Everton Friendly Kicks Off Later
» Leicester City : 23/07/2014 13:38:00
|Pearson Pleased With First Run Out
» Leicester City : 23/07/2014 13:36:00