AndyClarke Posted July 26, 2009 Share Posted July 26, 2009 If they went into administration, it is effectively Mike Ashley telling Mike Ashley that the club can't pay him the money they owe him from his interest free loan. Apparently the players would come first as creditors therefore he would not achieve anything by putting them in admin. The dilemma he has is that if he sells the players then potentially the club will make vast losses and also be even less attractive to a potential buyer, hence he has to drop his £100million asking price. However, as it stands they are unsustainable and are digging themselves in further and I can't see him pumping another penny into the club to pay for the day to day running. At the moment he is after £100million to buy the club, the buyer would also be taking on £100million worth of debt which is the interest free loan owed to Mike Ashley and a £40million overdraft with one of the banks. If they were still in the Prem, this would be seemingly a poor investment but with light at the end of the tunnel and a decent income, in the Championship, this is catastrophic and surely unless they are Newcastle fans, they would be mad to touch it with a bargepole. That is how I understand the situation from various information I have read, I do feel a bit sorry for Ashley. Although he'll still have plenty of cash at the end of all this, a fair proportion of his wealth is going out of the window and for what? A club which has gone down the kermit and thousands of people who now hate you? Link to comment Share on other sites More sharing options...
Si. Posted July 26, 2009 Share Posted July 26, 2009 Im gonna put £5 on Newcastle to go down this season Link to comment Share on other sites More sharing options...
leviramsey Posted July 26, 2009 VT Supporter Share Posted July 26, 2009 He could manage until he is 60 years old and never have a bigger team talk than that, but Newcastle came out in the second half like they were involved in a pre season friendly. tbf they didn't get beaten 6-1... or are you saying that Villa towards the end of last season were worse than Leyton Orient? I have never seen a team so resigned to relegation than they were that day, yet if they had scored even one goal they will have stayed up. Every result went for them and they still couldnt give a ****. I suspect it may have something to do with most of Newcastle's players being mercenaries who know that there's no adverse consequences for them if they're relegated. Link to comment Share on other sites More sharing options...
ender4 Posted July 27, 2009 Share Posted July 27, 2009 At the moment he is after £100million to buy the club, the buyer would also be taking on £100million worth of debt which is the interest free loan owed to Mike Ashley and a £40million overdraft with one of the banks. If they were still in the Prem, this would be seemingly a poor investment but with light at the end of the tunnel and a decent income, in the Championship, this is catastrophic and surely unless they are Newcastle fans, they would be mad to touch it with a bargepole. so he's basically asking for £240mill for a Championship club with a higher wage bill than income. :shock: crazy fool deserves everything he gets. i just hope he stays on & manages to get Newcastle relegated to League 1. Link to comment Share on other sites More sharing options...
Richard Posted July 27, 2009 Share Posted July 27, 2009 At least we're not Newcastle..... Link to comment Share on other sites More sharing options...
villa89 Posted July 27, 2009 Share Posted July 27, 2009 how unlikely Ashley is to a) get the money he wants come out of this with anything close to the money he put in. Can't say I have any sympathy for him TBH. Everyone knew that Fat freddie shepard was spending money Newcastle didn't have and they were in huge debt. Ashley didn't do a proper due dilligence, when he did get in he mismanged the club, now he's in a worse spot than when he started, the club are in a shit and I thank him for that . Link to comment Share on other sites More sharing options...
TrentVilla Posted July 27, 2009 Moderator Share Posted July 27, 2009 No sympathy for Ashley, he started off badly by not doing due diligence and has compounded that mistake time and time again since then with countless poor decisions which have all contributed to the position he is in now. While others at the club both past and present have contributed to their demise he is ultimately responsible and as such deserves what he gets and from me at least that is no sympathy. I tell you who I do feel sorry for its the real Newcastle fans, not the muppets on Sky Sports or the ones who appeared in 1994 but the real fans, the silent majority who at the end of the day are no different to any of us. They are just football fans who love their club if not their team and to see the club you love disintergrate in front of your eyes like they are doing must be heart breaking. Link to comment Share on other sites More sharing options...
ender4 Posted July 27, 2009 Share Posted July 27, 2009 I tell you who I do feel sorry for its the real Newcastle fans, not the muppets on Sky Sports or the ones who appeared in 1994 but the real fans, the silent majority who at the end of the day are no different to any of us. They are just football fans who love their club if not their team and to see the club you love disintergrate in front of your eyes like they are doing must be heart breaking. ah well, it still makes me laugh, and i can't feel sorry for them. even the undeluded few. We've been through bad times at Villa, now its their turn in the long-term i'm sure it'll make them strong.... one of the strongest club in League 1 in fact! Link to comment Share on other sites More sharing options...
TrentVilla Posted July 27, 2009 Moderator Share Posted July 27, 2009 I never said I wasn't laughing as well Link to comment Share on other sites More sharing options...
tonyh29 Posted July 27, 2009 Share Posted July 27, 2009 Ashley is a Spurs fan and i reckon it was just a plan to remove one of Spur's potential rivals ..only about another 12 clubs to go and Spurs may be in with a shout of Champs league footie some time soon Link to comment Share on other sites More sharing options...
villa89 Posted July 28, 2009 Share Posted July 28, 2009 I tell you who I do feel sorry for its the real Newcastle fans I'm too busy laughing to have sympathy for the few geniune Toon fans. Link to comment Share on other sites More sharing options...
ender4 Posted July 28, 2009 Share Posted July 28, 2009 OFFER WITHDRAWN Profitable Group have withdrawn their interest in buying Newcastle United. The Singapore-based group had been one of the leading candidates to take over at St James' Park. But Sky Sports News understands that the group were unable to provide proof of funding of £100million needed to purchase the club. The group, whose commercial director is former England international Steve McMahon, had stated their intention to bid for the club and to appoint Alan Shearer as manager. But now the bid has fallen by the wayside, meaning a takeover before the start of the new season looks increasingly unlikely for the beleaguered North East giants. anyone else want the club? Link to comment Share on other sites More sharing options...
Jez Posted July 28, 2009 Share Posted July 28, 2009 Oh well. They're going to do a Leeds. Unless starts agreeing to sell and buy players. Link to comment Share on other sites More sharing options...
LondonLax Posted July 28, 2009 Share Posted July 28, 2009 If they don't sell the club before the new season starts they will not find an owner this season. The continued limbo can not be good for the squad motivation trying to play a campaign in the very physical championship. Link to comment Share on other sites More sharing options...
VillaGoMarching Posted July 28, 2009 Share Posted July 28, 2009 What's the best odds you can get on Newcastle being relegated again? Link to comment Share on other sites More sharing options...
CarewsEyebrowDesigner Posted July 28, 2009 Share Posted July 28, 2009 Just when you thought it wouldnt get any worse, it does. Link to comment Share on other sites More sharing options...
TrentVilla Posted July 28, 2009 Moderator Share Posted July 28, 2009 Administration looms I think. Link to comment Share on other sites More sharing options...
Folski Posted July 28, 2009 Share Posted July 28, 2009 What's the best odds you can get on Newcastle being relegated again? 16/1 with Coral,not great really when you consider their favs for promotion Link to comment Share on other sites More sharing options...
Chindie Posted July 28, 2009 VT Supporter Share Posted July 28, 2009 Administration looms I think. Newcastle fan on another forum I use reckons theres talk of adminstration coming very shortly. Link to comment Share on other sites More sharing options...
TrentVilla Posted July 28, 2009 Moderator Share Posted July 28, 2009 Administration looms I think. Newcastle fan on another forum I use reckons theres talk of adminstration coming very shortly. Which one do you go on? I go on Toontastic but there seems to be very few users. Link to comment Share on other sites More sharing options...
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