Financial Results - club announcement

[tony0379]

Yup

we actually lost 3 finals during this period

1. 82 Milk Cup final against Liverpool, bloody Ronnie Whelan
2. 87 FA CUp, bloody Keith Houchen
3. 92 League Cup, V Blackburn, FFS

2002 wasn't it?

 

[Ledders Army]

Yup

we actually lost 3 finals during this period

1. 82 Milk Cup final against Liverpool, bloody Ronnie Whelan
2. 87 FA CUp, bloody Keith Houchen
3. 92 League Cup, V Blackburn, FFS

2002 league cup under Enic? Had forgotten about that one or blanked it from my memory. What a horrific final. Thank you Graham Poll

 

[Capocrimini]

16% EBITDA build this man a statue!

 

[chas vs dave]

As someone who is borderline illiterate on this sort of stuff, can you explain why mate? ideally using an analogy that even a ten year old could get their noggin around.

Our Ebitda is at around 116m, which is usually a marker of our business health.

 

[FibreOpticJesus]

Looool

This is just totally irrational. The stadium is a gamechanger in being able to increase our revenues. The fact we have one of the highest net spends over the last few seasons proves that. BUT that doesn't mean we can go toe-to-toe financially with the sovereign wealth of entire nation-states FFS. Besides covid, and not seeing a full season of full capacity stadium revenues yet makes it hard to judge how financially competitive we can be.

It's not Levy you should be blaming for that. It is a flawed FFP system that allows these kind of owners to get away with inflating wages and transfer fees that distort the market to unsustainable levels. Hopefully Man City actually get the book thrown at them so it makes Newcastle owners think twice about their actions, but i'm highly dubious that will happen.

Why are my statements of fact irrational. They are based on Levy's words. The FFP rules have not changed since we started the new stadium so Levy's statements stand to be challenged. He therefore has to now deliver on what he promised from the increased revenue streams. He has to provide the resources for us to challenge or go.

 

[FibreOpticJesus]

Sorry have I missed something or has ENIC said they have stopped spending money?

What do you want them to do? Act like Chelsea or act like Arsenal?

I want him to act on his promises.

 

[FibreOpticJesus]

Yeah not like we had a pandemic when it opened. Not like we have actually invested into the squad since then. Not like we have brought in two of the top managers of the last decade or so after Poch.

Honestly some of you lot will twist any little thing into Levy out. Now I get he has his faults, but if it wasn't for his vision and undertaking WE WOULDN'T HAVE THE ABILITY TO COMPETE WHATSOEVER.

He isn't the one on the pitch kicking the ball in those semi finals and finals. That's down to the manager and the players. He can only do so much and give the managers the players to work with. It's up to said manager to get the best out of them. He has given Conte real quality and added depth.

What more do you want him to do? We do spend on players, it's just some of those haven't worked out for whatever reason.

All I want him to do is to stick to his promises that the revenue will enable us to compete. COVID effected everyone so we are all on the same pitch.

 

[Capocrimini]

All I want him to do is to stick to his promises that the revenue will enable us to compete. COVID effected everyone so we are all on the same pitch.

If we want to compete for trophies, we need to be able to compete with City and Chelsea. Whilst COVID may have impacted their revenue, they are still able to spend to ridiculous levels compared to us because of their owners. If FFP rules get stricter and even the playing field we should be in a strong position because of the stadium, hotels, skywalk etc? That's the hope. Otherwise really to consistently challenge for trophies we need a sugar daddy / state and that's not going to happen with how highly we are valued, no ones going to buy us they'll wait for an opportunity elsewhere.

 

[easley91]

All I want him to do is to stick to his promises that the revenue will enable us to compete. COVID effected everyone so we are all on the same pitch.

Did everyone else open up a new stadium during that time meaning we had other events to postpone and rearrange? No? Didn't think so.

 

[Mattspur]

I want him to act on his promises.

Sorry, just so I'm clear, is your belief, or expectation, that when Levy said the new stadium would enable us to compete financially with our rivals that you thought it would enable us to spend the same as clubs like City and Chelsea?

 

[danielneeds]

The only real thing to pull from that statement is that nothing much will change. Levy will dream on about a sustainable league whilst other owners manipulate the rules to obtain success, and we’ll chug along hoping to catch lightening in a bottle.

 

[JUSTINSIGNAL]

Why are my statements of fact irrational. They are based on Levy's words. The FFP rules have not changed since we started the new stadium so Levy's statements stand to be challenged. He therefore has to now deliver on what he promised from the increased revenue streams. He has to provide the resources for us to challenge or go.

The point is we are only just seeing the increased revenues.

FFP hasn’t up to this point been properly enforced.

Our spending on player transfers has significantly increased.

Let’s give Levy more than a year in a post Covid world before judging how we can compete with increased revenues.

 

[chippospur]

The only real thing to pull from that statement is that nothing much will change. Levy will dream on about a sustainable league whilst other owners manipulate the rules to obtain success, and we’ll chug along hoping to catch lightening in a bottle.

In a nutshell.

 

[dvdhopeful]

These results show that Levy is shit / These results show that Levy is great / These results ... Meh.

 

[neilp]

I will keep an open mind until Swiss Ramble do their interpretation

 

[easley91]

All I want him to do is to stick to his promises that the revenue will enable us to compete. COVID effected everyone so we are all on the same pitch.

It was never going to be an overnight process, especially when you add in COVID and how that has affected things globally and not only within football. It pushed back and delayed a lot, as well as affecting running costs for various events etc.

You want us to win trophies immediately and so he hires two managers who have CVs which indicate they do that everywhere they go. Jose didn't work out, then he brought in Conte. Conte was backed in the summer and given a first team quality RWB in January. We have had congested seasons, winter World Cups and injuries. Oh and the club and Conte have had personal grief and medical issues to deal with this season.

You expect too much too soon. We have consistently competed for top 4, we have reached multiple semis and finals. The only thing missing are the trophies. That is it.

Daniel Levy set out to build the infrastructure to allow us to compete at the top with the increased revenue and increased our profile globally. He has done that. We won't see the revenue put into the team immediately, because it takes time. I know patience is something a few of you do not have. Believe me I want to win things as badly as everyone else does, but Levy has done plenty to push us in the right direction.

We actually do spend when we need to. It's the recruitment and who it is spent on that is typically the issue.

 

[hero]

I will keep an open mind until Swiss Ramble do their interpretation

Good point. I suppose that we paid fortunes for our dross which we cannot sell, but keep paying instalments. Deep gratitude to our transfer committee, DL and Poch as well.

 

[cliff jones]

Sorry, just so I'm clear, is your belief, or expectation, that when Levy said the new stadium would enable us to compete financially with our rivals that you thought it would enable us to spend the same as clubs like City and Chelsea?

You don’t need to spend as much as them, obviously, just a steady drumbeat of investment in refreshing the first team and squad pipeline- which will also mean overpaying sometimes for academy kids, players establishing themselves around the Porro mark and an occasional blockbuster, like, but not in the human form of NDombele ?

 

[JW72]

The 5 cups we won in the 80s & 90s 3 went to extra time or a replay, 1 won on penalties the other last minute when down to 10 men. We could’ve easily lost them all.

This is so true and often overlooked. In '81 we were twice only minutes away from being beaten by City, who back then were bang average at best. It took a massively fluey own goal to save the first game and then an absolute worldie to win the second. The following year we played out two fairly turgid games against a team from the second tier and won it with a penalty. '91 was an extra-time own goal when our star player had hit the self destruct button in the opening minutes. In between, the UEFA was won on pens after two legs and extra time. '99 League cup was won, as mentioned, with a 90th minute winner and then '08 was another extra time victory. We could easily be in a stretch of being without a trophy since the 70s.

 

[Archibald&Crooks]

These results show that Levy is shit / These results show that Levy is great / These results ... Meh.

Yep, it was almost instant. I said as much earlier. And although expected, it's strange, i've found it wierd for a while now. It's almost universally agreed (or it ought to be) that he's great at the money side but he's also either incompetent or has been negligent at the football side of things yet people still talk and argue the toss about the finances, FFP, net spend and all the other stuff. But the actual issue that made the worm turn simply cannot be argued against, he's overseen such a decline that almost 85% of fans want him removed and that doesn't happen for no reason. People shouldn't be unhappy at the state of the club away from the pitch, fucking hell, it's so obvious where his fault lays.

It's deflection. And people fall for it.

We could be the most profitable club in the world, have the biggest this, the most of that and the bloke in charge is at best waiting for FFP to worm it's way into our favour and we spend most of our lives and invest our emotions and our hopes supporting a club run by a bloke who's not up to that side of the gig.

But hey, go try to win an impossible to win argument about FFP or whatnot