Vital Football

Latest Newcastle United News

NUFC - Saving for a rainy day?

NUFC - Saving for a rainy day?

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?



Click here to join in the debate on the club forum.

Writer:TNMW
Date:Tuesday June 21 2011
Time: 9:00AM

Comments

0
Or to be squandered at the Casino :(
Jinkster
21/06/2011 09:21:00
0
how much money were we losing per year before we started making these profits though?
rabit71
22/06/2011 23:28:00
Page 1/1
  1. 1

Login to post a comment

Recent Newcastle United Articles

NUFC Media Partner Links Midfielder Again

Tom Cairney continues to be linked with us.

Monday Is The Time For NUFC To Set The Script

Promotion will be confirmed with three points on Monday.

Thauvin In Capital Link

It may be something but more than likely the usual story without substance

PFA Championship Team Of The Year 2017

This week the Professional Footballers Association announced their Championship Team of the Year for the season of 2016/17.

Archived TOTT Articles

TOTT articles from

Site Journalists

TNMW
Editor email
Profile

Current Poll (see more polls)

Newcastle United v Preston North End
Suggested By:
Newcastle win66%
Preston win30%
Draw4%
ScoopDragon Publishing Entire League Network of Sites

League Table

# Team P W D L Pts. GD
P Brighton 44 28 8 8 92 35
2 Newcastle 43 26 7 10 85 37
3 Reading 44 24 7 13 79 1
4 Sheff Wed 44 23 9 12 78 15
5 Huddersfield 43 24 6 13 78 2
6 Fulham 44 21 13 10 76 27
7 Leeds Utd 44 22 7 15 73 14
8 Norwich 44 19 9 16 66 12
9 Brentford 44 18 9 17 63 12
10 Derby County 44 17 12 15 63 2
11 Preston 43 16 13 14 61 5
12 Aston Villa 44 16 13 15 61 0
13 Cardiff 44 16 11 17 59 -2
14 Barnsley 44 15 12 17 57 0
15 Wolves 43 15 10 18 55 -2
16 Ipswich 44 13 16 15 55 -6
17 Bristol City 44 14 9 21 51 -6
18 Burton 44 13 12 19 51 -12
19 Q.P.R. 44 14 8 22 50 -12
20 Forest 44 13 9 22 48 -11
21 Birmingham 44 11 14 19 47 -22
22 Blackburn 44 10 15 19 45 -15
23 Wigan 44 10 11 23 41 -16
R Rotherham 44 5 6 33 21 -58
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Newcastle United Results (view all)

Newcastle United Fixtures (view all)

Apr 24 2017 7:45PM : Preston North End (H)
Sky Bet Championship
Apr 28 2017 7:45PM : Cardiff City (a)
Sky Bet Championship
May 7 2017 12:00PM : Barnsley (H)
Sky Bet Championship

Vital Members League Table

RankNamePoints
1.Toon_NoMatterWot116
2.Mcnamee6768
3.keggy_keagal56
4.CuckFan45
5.billybobcat44
6.Neppos14
7.vin189213
8.crooktownmags9
9.tooninkent9
10.Rytoon8
Vital Football Comment