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?

Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.
www.papajohns.co.uk/football



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

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

Best of Vital Network

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

Thauvin To Return To NUFC

It may be the 2017/18 season before we see him get his chance here.

Newcastle - FL Dates 2016/17 (23/5/16)

The Football League have released the key dates for the coming 2016/17 season.

Who Will Newcastle Face In 2016/17 (22/5/16)

With no matches remaining in the regular 2015/16 campaign, some promotions and relegations in the football pyramid are already known.

Newcastle On Verge Of Saving The Club From Disaster

News this week has centred on the chances of Rafa Benitez staying

Archived TOTT Articles

TOTT articles from

Site Journalists

Ken Waugh
no email
Profile
TNMW
Editor email
Profile
Ian Smith
no email
Profile
Rexn
no email
Profile
BowburnMag
no email
Profile

Current Poll (see more polls)

Spurs MotM
Suggested By: Site Staff
Darlow8%
Janmaat0%
Taylor1%
Mbemba2%
Dummett0%
Tiote1%
Colback0%
Wijnaldum5%
Sissoko45%
Townsend34%
Mitrovic1%
Sub - Shelvey0%
Sub - Aarons1%
Sub - Sterry2%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
C Leicester City 38 23 12 3 81 32
2 Arsenal 38 20 11 7 71 29
3 Spurs 38 19 13 6 70 34
4 Man City 38 19 9 10 66 30
5 Man Utd 38 19 9 10 66 14
6 Southampton 38 18 9 11 63 18
7 West Ham 38 16 14 8 62 14
8 Liverpool 38 16 12 10 60 13
9 Stoke 38 14 9 15 51 -14
10 Chelsea 38 12 14 12 50 6
11 Everton 38 11 14 13 47 4
12 Swansea 38 12 11 15 47 -10
13 Watford 38 12 9 17 45 -10
14 WBA 38 10 13 15 43 -14
15 Crystal Palace 38 11 9 18 42 -12
16 AFC Bournemouth 38 11 9 18 42 -22
17 Sunderland 38 9 12 17 39 -14
R Newcastle 38 9 10 19 37 -21
R Norwich 38 9 7 22 34 -28
R Aston Villa 38 3 8 27 17 -49
Latest F1 News
Latest Vital Boxing News

Recent Newcastle United Results (view all)

Newcastle United Fixtures (view all)

Vital Members League Table

RankNamePoints
1.Toon_NoMatterWot197
2.billybobcat135
3.officemonkey72
4.vin189254
5.Mcnamee6739
6.Finn_the_Dog31
7.PieMag31
8.The Owl27
9.keggy_keagal23
10.Bruce6819