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Archive for category: Sir John Hall.

Mike Ashley’s great charitable gesture to Newcastle United?

September 11th, 2011 | 130 Comments |

Mike Ashley.
"Greed is good. Greed is right."
Dear reader, my estteemed colleague Hugh has already touched on this story earlier today and presented his own viewpoint on the matter. However, I am so incensed that I also feel compelled to register my extreme displeasure at the latest utterings of our unesteemed Managing Director, Derek Llambias.

In case you are still wondering what I’m gannin’ on about, in the responses to Chronicle readers questions on Mike Ashley’s intentions for the club, Derek Llambias responded to “Is Mike Ashley considering putting the club up for sale?” with the quote below amongst other things. At the end of the answer, he wrote:

“I’d like to make a further point here. This club can’t support itself without the financial backing of Mike Ashley; we still rely heavily on the owner. To date Mike has invested over £280m into the club, including £140m in interest-free loans. For him to continue to support the club, he has to be interested and enthused to do so. He deserves credit for his financial support but a section of supporters don’t make him feel welcome at St James’ Park, or when he attends away games. Criticism is part and parcel of the job, abuse is not. This makes life uncomfortable and certainly doesn’t make Mike feel more inclined to put his hand once again in his pocket. That’s not stubbornness, it’s human nature. I think most of us would feel exactly the same.”

Does the sheer gall of this little cipher and his fat controller know no bounds? (more…)


Mike Ashley – Sorting the facts from the myths, including that debt…

September 8th, 2011 | 68 Comments |

Ashley: May be fat, but not a “Cockney”
Ashley: May be fat, but not a “Cockney”
Has Mike Ashley reduced Newcastle United’s debt?

Hmmm.

Well, it has been several months since Newcastle United published their last set of audited accounts at Companies House (March 2011), and that was for 2009/10. However, at that time it did appear as if the debt had actually risen significantly, though it is hard to deny that the the club are in a somewhat less perilous position finacially since Mike Ashley took over the club from the gruesome twosome, Freddy Shepherd and Douglas Hall.

In June 2007 when Ashley finally gained full control of the club, it looked as if the club was £71 million in debt, however, after Ashley’s takeover, it became apparent that the mortgage on the ground had to be paid off, and the level of debt was actually £124 million. More details are available from the site NUFC Finances site.

In the last published set of accounts, published in March 2011 (for 2009/10), they revealed that the club’s net debt at that time stood at around £150 million, most of this figure being owed to a certain Mr.MJW.Ashley of  Totteridge, Hertfordshire. It also revealed that despite a slightly misleading statement by Newcastle United in May 2010 which read: (more…)


Newcastle United in the transfer market

June 15th, 2011 | 28 Comments |

Mike Ashley's piggy bank.
Not only does it save money, but it's also French!
Mike Ashley bought Newcastle United to much fanfare in 2007 via St. James Holdings. Opting against doing the sensible thing and lodging a formal bid, he just went out and bought the stocks, forcing the then hospitalised Freddy Shepherd into advising shareholders to sell, sell, sell!

Thus came an end to Shepherd’s reign of terror over our club. He inherited a wonderful thing from Sir John Hall and promptly ran it, head first, into the ground. That was to end with our new chairman. A young man, famed throughout the great maze of Eldon Square for his cheap sportswear and throughout the business world as being reckless in his deals.

It was all roses for a while as Mike Ashley enjoyed a [many] pint [pints] with the fans in the Strawberry and even snubbed the directors box in favour of the Leazes End. Had Freddy Shepherd had done that, he’d have been hog tied, placed on a spit and spun over an open flame in the centre circle with his, rather ample, meat donated to third world areas of our great Earth such as Sunderland and Liverpool.
(more…)


Who has been the worst owner Newcastle have had to endure?

June 21st, 2010 | 120 Comments |

 Mike Ashley - Bad, but is he the worst?
Mike Ashley - Bad, but is he the worst?
Much of a din is being made about Mike Ashley at the minute, and how the man is not fit to be owner of our beloved club. Which does have it’s own valid points I guess.

However, when I hear that I always say that we have had it worse, much worse than what we have now. Of course it is largely irrelevant as the past can’t be changed, but neither can Mike Ashley and his apparent business approach to running Newcastle United, unless you have the required funds to buy him out of course.

Despite all that has gone on in the past few years though, I still maintain that Ashley is far from the worst owner/chairman/president or whatever we have had, mind you he is trying his hardest to steal the title! In fact Newcastle have been ‘blessed’ with poor management structures for many many years, which is easily forgotten, time is a great healer and all that, so why don’t we have a look at just what some of our previous bastians of power have achieved in their time ruling the iron fist over St James’ Park. (more…)


“Is it a bird? Is it a plane?… no, it’s…”

October 7th, 2009 | 130 Comments |

Here to save the world!
Here to save the world!
With the air thick with takeover talk, real or imaginary, now feels like a good time to throw in a spanner, or two. It is widely acknowledged that, under impossible circumstances, Chris Hughton and his staff have done an astounding job thus far managing Newcastle United. With a pre-season filled with doom-laden mutterings of “Doing a Leeds”, crashing though the divisions and into financial meltdown….while nothing of the sort has transpired. There’s still time yet, of course, but to the untrained eye all in the garden looks rosey.

Let’s make an assumption. Let’s assume that Barry Moat’s bid goes sailing through and, within minutes, we have the mighty Alan Shearer at the helm. How do the collective feel about that? Is he a white knight riding in to save us or an egomaniac sating his need for attention, and doing us more harm in the process? As Stardust (and David Frost on ‘Through the Keyhole’ ) would say….”Let’s look at the facts”.

His managerial record:

Played 8, Won 1, Drew 2, Lost 5.

….it’s not great, it’s not even mediocre. But, is he really to be judged on eight, end-of-season, scrambled bunfights with a dispirited squad, and a ton of behind-the-scenes pressure? Arsene Wenger said, at the time of Shearer’s appointment, that any manager coming in, with 8 games left, and expected to turn things around. Well that man wouldn’t be a manager, he’d be a magician. (more…)