UK time is: 09:27:20
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

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?




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



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

The Journalist

Writer: TNMW Mail feedback, articles or suggestions

Date:Tuesday June 21 2011

Time: 9:00AM

Your Comments

Or to be squandered at the Casino :(
Jinkster
how much money were we losing per year before we started making these profits though?
rabit71
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Newcastle United Articles

'Run Geordie Run' Around The World (Wednesday October 22 2014)

Sir Bobby Auction Update (Tuesday October 21 2014)

Are We For Real? (Tuesday October 21 2014)

Not Long For de Jong (Monday October 20 2014)

Aside From The PR (Sunday October 19 2014)

Ashley And The Modern Day Monopoly (Sunday October 19 2014)

Probable NUFC Line Up (Friday October 17 2014)

Reality Ahead of PR (Friday October 17 2014)

Sir Bobby Auction Update (Thursday October 16 2014)

Archived Newcastle United Articles

List All TOTT Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. BLACKBOB 27 193
2. Toon_NoMatterWot 128
3. thecorner 112
4. PieMag 105
5. Wilco 94
6. OldLeazes 89
7. officemonkey 75
8. Pellet 67
9. McCreery 50
10. Bruce68 45

League Results (view all)

League Table (view table)

Team P W D L GD Pts
14. Everton 8 2 3 3 0 9
15. Leicester City 8 2 3 3 -2 9
16. Crystal Palace 9 2 3 4 -3 9
17. Sunderland 9 1 5 3 -9 8
18. Newcastle 8 1 4 3 -6 7
19. Burnley 8 0 4 4 -9 4
20. Q.P.R. 8 1 1 6 -12 4

Breaking League News

Liverpool: Rodgers 'Happy With Reaction'
Liverpool : 26/10/2014 09:02:00
Liverpool : 26/10/2014 08:13:00
Manchester United v Chelsea - Preview
Chelsea : 26/10/2014 07:34:00
Three Points And No Mistake!
Arsenal : 26/10/2014 00:35:00
Swansea : 25/10/2014 23:45:00

Current Site Poll (view all polls)

Where do you think NUFC will finish this season?
Suggested By:  Talk of the Tyne
Top 4%
Top 4 3%
Europa league places 16%
Mid table 47%
Relegated 30%