- Jan 27, 2011
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Have you got any facts to back this up.
From the brief research I've done it would suggest that as things stand Ashley is significantly out of pocket so far and has far more into Newcastle than he has taken out.
And I don't get you saying he hadn't invested in players. Every summer they seem to be buying some decent players whilst Ashley has been there. Last summer they had a net spend of 25m. I know they have an average net profit but that is as a result of fluctuating windows, some net losses and some good windows of net gains. They have invested most summers though, and made some pretty acquisitions that have sold on for good profit.
Football fans seem to have this idiotic idea that owners should sanction spending way more than clubs can earn, or that owners should not run football as sustainable businesses, or make a net profit from transfer dealings.
When Pardew resigned Newcastle were comfortably in mid table and had from being newly promoted built a very solid model with an average place of 12th inc if they finish 17th this year.
I don't think Pardew's a great manager but if he hadn't have left that average would be higher and they wouldn't be in trouble now.
For me, the biggest failing is of the board to publicly keep fans informed of their strategy, make them more aware of the realities of their model and how it has to be until an idiot with more money than brains comes along.
Whilst I agreed the fans need to be kept better informed I suspect the reason they aren't is because there is no model.
This article is a good example. On the face of it everything is excellent but there is so much left ambiguous in their finances which begs the question why?
http://www.telegraph.co.uk/sport/fo...re-been-a-rise-of-25m-in-operating-costs.html
The article even highlights that the rise is profits is mostly attributed to the tv deal and player sales, so why if they aren't buying players, or paying back his "loan", or he isn't taking money aren't they making more profit? Where is the money going?
You can understand why the fans would have concerns as there are no answers and no clear strategy.