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Our current predicament

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LeazesMag	Posted: Sep 14 2008, 02:21 PM
In The Leazes End On Match Days Group: Moderator Posts: 6,662 Member No.: 51 Joined: 19-November 04	I always feel like I've detected where the club is going ie in the same way as when you see a player, you can sometimes tell instantly if you think he is good or shite. I know the last board started to fuck up and ruin all they did from the day they appointed Souness, but when they came in the relief and excitement of finally getting change stood out a mile.....I always had the feeling that we were embarking on a great period ahead. I've just never felt like this about Ashley, ever. I don't think he would ever be as bad as McKeag and all those tosspots, but never thought they were right for the club. The problem is, who is going to be the right people ? Is it feasible for any new owners to bring Keegan in ? We would like it, but is it really sensible ? Has he made himself the great untouchable ie is his hold on the clubs supporters so great he scares off would-be buyers ? I don't think so, but maybe outsiders would get this impression ? Football is a real sugar daddys game now. I said to my mate coming out of the ground yesterday, things were much better in the 1980's in some ways. We knew we were shit, and didn't expect anything, and enjoyed it, had a whinge, had a few beers and looked forward to bouncing back next week. Since 1992, I've genuinely hoped that this would be our year, and so every year I've been ultimately more disappointed than in the years before that. This is a real crossroads now. The club needs saving from itself because things could be about to get a lot worse than anyone ever imagined. -------------------- "When you do that with footballers, like he said about Leeds... I've kept really quiet, but I'll tell you something, he went down in my estimations when he said that. We have not resorted to that, but I'll tell you, you can tell him now, he'll be watching this, we're still fighting for this title. He's got to go to Middlesbrough and get something. I'll tell you honestly, I would love it if we beat them, love it." http://howaythetoon1nufc.wordpress.com/

Jackies the Lad	Posted: Sep 14 2008, 04:21 PM
Howaythetoon Legend Group: Members Posts: 420 Member No.: 125 Joined: 27-April 05	Great post LM, it's even got a link from newsnow.co.uk. I fear for the future of NUFC as I now think we're in limbo mode. Who on earth is going to take a gamble, a very expensive gamble, 'cos if it just does not work out will it be even more disgruntled fans trying to call the shots. I decided to stay away from the match yesterday and whilst I respect it is personal choice to boycott or not I can honestly say I was disappointed when I heard the number that were in the ground. Will the owner care, never, will he do what he wants, yes. Me too leazes, I fear for the club, a major crossroads, and if we take the wrong turning now .................. who knows................ late 70's might just echo in our ears.

NE5	Posted: Sep 14 2008, 05:40 PM
Banner of Spam posting tossers Group: Admin Posts: 445 Member No.: 148 Joined: 15-August 05	regarding debts........they were saying on sunday supplement that it is impossible now to get into the top 4 without accumulating huge debts. Unfortunately true. So it really isn't any good heaping blame on the old regime for their spending, they were just trying to keep pace and its better to have a go than not to have a go Ashley isn't really going to have a go. Its all a rich mans toy now this owning of football clubs. BTW mate .... anybody who wants to write an article type post like that can be put onto newsnow via the blog site. -------------------- "Irving Nattrass burst forward from the centre circle and had a shit on the edge of the box" - Football Pink, 1974

Ant

Posted: Sep 14 2008, 05:51 PM

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well guess we know a direction for where were heading now with ashleys statement
heartstring cringe worthy at times trying to get some sympathy

QUOTE

Mike Ashley - Official Statement

I have enjoyed sport since I was a boy. I love football. I have followed England in every tournament since Mexico '86. I was there to see Maradona and his hand of God. I know what it means to love football and to love a club. I know how important it is to other people because football is so important to me.

My life has been tied up with sport. It was the passion that I felt for sport that helped me to be successful with my business. That success allowed me to mix my passion and my business.

I bought Newcastle United in May 2007. Newcastle attracted me because everyone in England knows that it has the best fans in football. When the fans are behind the club at St James' Park it makes the hairs on the back of your neck stand up. It is magic. Newcastle's best asset has been, is and always will be the fans.
Article continues>>

But like any business with assets the club has debts. I paid �134 million out of my own pocket for the club. I then poured another �110 million into the club not to pay off the debt but just to reduce it.

The club is still in debt. Even worse than that, the club still owes millions of pounds in transfer fees. I shall be paying out many more millions over the coming year to pay for players bought by the club before I arrived. But there was a double whammy. Commercial deals such as sponsorships and advertising had been front loaded. The money had been paid upfront and spent. I was left with a club that owed millions and part of whose future had been mortgaged.

Unless I had come into the club then it might not have survived. It could have shared the fate of other clubs who have borrowed too heavily against their future. Before I had spent a penny on wages or buying players Newcastle United had cost me more than a quarter of a billion pounds.

Don't get me wrong. I did not buy Newcastle to make money. I bought Newcastle because I love football. Newcastle does not generate the income of a Manchester United or a Real Madrid. I am Mike Ashley, not Mike Ashley a multi-billionaire with unlimited resources. Newcastle United and I can't do what other clubs can. We can't afford it.

I knew that the club would cost me money every year after I had bought it. I have backed the club with money. You can see that from the fact that Newcastle has the fifth highest wage bill in the Premier League. I was always prepared to bank roll Newcastle up to the tune of �20 million per year but no more. That was my bargain. I would make the club solvent. I would make it a going concern.

I would pour up to �20 million a year into the club and not expect anything back. It has to be realised that if I put �100 million into the club year in year out then it would not be too long before I was cleaned out and a debt ridden Newcastle United would find itself in the position that faced Leeds United.

That is the nightmare for every fan. To love a club that overextends itself, that tries to spend what it can't afford.

That will never happen to Newcastle when I am in charge. The truth is that Newcastle could not sustain buying the Shevchenkos, Robinhos or the Berbatovs. These are recognised European footballers. They have played in the European leagues and everyone knows about them. They can be brilliant signings. But everybody knows that they are brilliant and so they, and players like them, cost more than �30 million to buy before you even take into account agent commissions and the multi-million pound wage deals.

My plan and my strategy for Newcastle is different. It has to be. Arsenal is the shining example in England of a sustainable business model. It takes time. It can't be done overnight. Newcastle has therefore set up an extensive scouting system. We look for young players, for players in foreign leagues who everyone does not know about. We try and stay ahead of the competition. We search high and low looking for value, for potential that we can bring on and for players who will allow Newcastle to compete at the very highest level but who don't cost the earth.

I am prepared to back large signings for millions of pounds but for a player who is young and has their career in front of them and not for established players at the other end of their careers. There is no other workable way forward for Newcastle. It is in this regard that Dennis and his team have done a first class job in scouting for talent to secure the future of the club.

You only need to look at some of our signings to see that it is working, slowly working. Look at Jonas Guttierrez and Fabricio Collocini. These are world class players. The plan is showing dividends with the signing of exceptional young talent such as Sebastein Bassong, Danny Guthrie and Xisco. My investment in the club has extended to time, effort and yet again, money being poured into the Academy.

I want Newcastle to be able to create its own legends of the future to rival those of the past. This is a long term plan. A long term plan for the future of the club so that it can flourish.

One person alone can't manage a Premiership football club and scout the world looking for world class players and stars of the future. It needs a structure and it needs people who are dedicated to that task. It needs all members of the management team to share that vision for it to work.

Also one of the reasons that the club was so in debt when I took over was due to transfer dealings caused by managers moving in and out of the club. Every time there was a change in manager millions would be spent on new players and millions would be lost as players were sold. It can't keep on working like that. It is just madness.

I have put Newcastle on a sound financial footing. It is reducing its debt. It is spending within itself. It is recruiting exciting new players and bringing in players for the future.

The fans want this process to happen more quickly and they want huge amounts spent in the transfer market so that the club can compete at the top table of European football now. I am not stupid and have listened to the fans. I have really loved taking my kids to the games, being next to them and all the fans. But I am now a dad who can't take his kids to a football game on a Saturday because I am advised that we would be assaulted. Therefore, I am no longer prepared to subsidise Newcastle United.

I am putting the club up for sale. I hope that the fans get what they want and that the next owner is someone who can lavish the amount of money on the club that the fans want.

This will not be a fire sale. Newcastle is now in a much stronger position than it was in 2007. It is planning for the future and it is sustainable.

I am still a fan of Newcastle United. We, my kids and I, have loved standing on the terraces with the fans, we have loved travelling with the away fans and we have met so many fans whose company we have enjoyed. We have absolutely loved it but it is not safe anymore for us as a family.

I am very conscious of the responsibility that I bear in owning Newcastle United. Tough decisions have to be made in business and I will not shy away from doing what I consider to be in the best interests of the club. This is not fantasy football.

I don't want anyone to read my words and think that any of this is an attack on Kevin Keegan. It is not. Kevin and I always got on. Everyone at the club, and I mean everyone, thinks that he has few equals in getting the best out of the players. He is a legend at the club and rightly so. Clearly there are disagreements between Kevin and the Board and we have both put that in the hands of our lawyers.

I hope that all the fans get to read this statement so that they understand what I am about. I would not expect all of the fans to agree with me. But I have set out, clearly, my plan. If I can't sell the club to someone who will give the fans what they want then I shall continue to ensure that Newcastle is run on a business and football model that is sustainable. I care too much about the club merely to abandon it.

I have the interests of Newcastle United at heart. I have listened to you. You want me out. That is what I am now trying to do but it won't happen overnight and it may not happen at all if a buyer does not come in.

You don't need to demonstrate against me again because I have got the message. Any further action will only have an adverse effect on the team. As fans of Newcastle United you need to spend your energy getting behind, not me, but the players who need your support.

I am determined that Newcastle United is not only here today, but that it is also there tomorrow for your children who stand beside you at St James' Park.

Mike Ashley.
Sunday 14th September 2008

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