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Archive for category: Workyticket.

Newcastle United 2014 full accounts statement

May 31st, 2015 | 22 Comments |

Newcastle United's treasure chest
NUFC’s coffers are overflowing, but the debt to Ashley remains
Before I begin, my apologies for not posting these earlier, as I usually do shortly after the accounts are made public. Better late than never though as I still can’t find any other copies of the statement itself elsewhere, though there is a very extensive analysis of the latest accounts on the very good Swiss Ramble site if you haven’t seen it already. The link to a PDF of the full statement submitted to Companies House is below, along with a few personal reflections from myself.

Some personal notes on the accounts

Turnover

The overall turnover figure of £129.7 million is the highest in the club’s history. This was also true of many other Premier League clubs though due to the commencement of the new blockbuster broadcasting deal. On the £129.7 million turnover, the club made a profit after tax of £18.7 million, and an operating profit of £4.7 million. However, Ashley is yet to pay any tax at Newcastle United as losses from previous years have been deferred once again. (more…)


Why Carver’s Newcastle is the worst Newcastle team in the Premier League ever

May 23rd, 2015 | 29 Comments |

Carver: The crisis continues
Carver: The crisis continues
Of course, if you are a Newcastle United fan, you cannot fail to have noticed the huge dip in form under John Carver, which has been so bad it could still see the Magpies relegated for the second time in six seasons after their final game against West Ham tomorrow. But how bad has it really been?

Worse than Alan Shearer and Iain Dowie’s catastrophic eight games in charge when the club were relegated in 2009.

As bad as the team were back then, they were better than the current side, winning an average of 0.62 points per game under Shearer. This compares against Carver’s 0.5 points in his games. Where Shearer got at least one win in those eight games, the current side managed to lose eight in a row, the worst losing streak since PE teacher Richard Dinnis led the side to 10 consecutive defeats in 1977. However unlike Carver, Dinnis actually had a very good spell with the club, finishing fifth in the old First Division and qualifying for the UEFA Cup as Caretaker Manager in the previous season. (more…)


Will John Carver be told who to play at Newcastle United?

February 5th, 2015 | 363 Comments |

John Carver
Is Carver under orders like McDowall?
By his own admission, Rangers’ current caretaker head coach, Kenny McDowall, has been told not only that he has no say in the players they sign, but also that he will only have a limited input into team selection too.

According to McDowall himself, he has been ordered by Mike Ashley and his henchman at Rangers, Derek Llambias, to play ALL of the five new Rangers players (Vuckic, Ferguson, Bigirimana, Streete and Mbabu) on loan from Newcastle. Speaking in an interview at Rangers’ Murray Park training centre, McDowall, who wants to leave at the end of the season said:

“When I was given the job I was told players incoming and outgoing wouldn’t be my responsibility. I take the team and coach the team and I am more than happy to get on with it.”

Which is hardly news to both Rangers and Newcastle United fans. However when pressed on whether he was obliged to play them, he dropped his bombshell, replying:

“Yes” (more…)


Why Ashley leaving Toon for the Champions League with Rangers is nonsense

January 27th, 2015 | 32 Comments |

Mike Ashley boxing
Mike Ashley: A heavyweight who’s always up for a fight
With Mike Ashley’s recent attempts to take over at Rangers, and specifically his problems with the Scottish FA for having an interest in both clubs, it has often been said recently that Mike Ashley would be willing to leave Newcastle United so he can take over Rangers completely. There have been several hypotheses put forward for why he might do this

Champions League exposure for Sports Direct?

One which makes no sense at all is that Ashley would be willing to sacrifice Newcastle United and the English Premier League to expose his cheap sports goods in that great league of leagues, the Champions League. This would be once Rangers get through the small formalities of getting promoted back to the Scottish Premiership and then beating Celtic to win the Scottish Premiership title. This one is a complete non-starter though as there are two crucial things the proponents of this hypothesis have overlooked.

1. As both Newcastle United and Rangers fans should know from previous European competition, Rangers or any other side are only allowed to display advertising for their shirt sponsors and kit sponsors. There could be no pitch side hoardings or anything else emblazoned with cheap Ashley brands like Sports Direct, Firetrap and all the rest. Only UEFA sponsorship partners are allowed to advertise in both the Europa and Champions League competitions. (more…)


Newcastle United and one of the greatest blunders in football history

January 8th, 2015 | 64 Comments |

Bobby Robson and Kevin Keegan
Before it all went wrong.
There is a tide in the affairs of men.
Which, taken at the flood, leads on to fortune;
Omitted, all the voyage of their life
Is bound in shallows and in miseries.
On such a full sea are we now afloat,
And we must take the current when it serves,
Or lose our ventures.

Said Brutus in Shakespeare’s Julius Caesar, and so it was with Newcastle United when they missed football’s greatest tide, leaving themselves bound in the shallows and miseries of mediocrity ever since.

To elaborate, in 1997-8, in the early stages of the biggest ever growth in football finances, Newcastle United were the fifth biggest football club in the world according to the Deloitte and Touche ‘Football Money League’ for that season. To make it seem even more unreal when we look at Newcastle United today, they were slightly ahead of Louis van Gaal and Bobby Robson’s Barcelona, who the Magpies had beaten 3-2 in the Champions League at St James’ Park that season. They also made the FA Cup final, after finishing as runners up in the Premier League for the second year in a row and signing the world’s most expensive player in the previous season. However the signs were already there, they also finished thirteenth in the League that season, the club lost some great players, Les Ferdinand, David Ginola, Faustino Asprilla and certainly not least, a 36year old Peter Beardsley. Kenny Dalglish was then sacked early into the next season and things were to get even worse under his successor, Ruud Gullit. (more…)