Betway betting sites banner

Archive for tag: Mike Ashley.

What was Newcastle United’s £498,000 payment to Sports Direct for?

November 21st, 2013 | 47 Comments |

NUFC in Sports Direct's 2013 annual report.
Exhibit A.
Firstly, I should declare that this piece was originally inspired by another, one of several on Newcastle United’s finances by a brace of accountants who also happen to be Toon fans in the latest issue of fanzine, ‘True Faith.’ It’s a very good read.

Of course, it has been known for quite some time that Sports Direct don’t pay a brass farthing for all the extensive worldwide publicity they get from Newcastle United. This was something which was finally confirmed by the club’s financial director, John Irving, at the first ‘Fans’ Forum’ meeting between representatives of the fans, the club, and sponsors, Wronga.

However it certainly less well known that although Newcastle United have been paid the square root of b*ggerall for all those vulgar signs, they actually had to PAY Sports Direct half a million pounds in 2012-13 as shown in SD’s 2013 Annual Report (page 90 under “Related Party Transactions”). Here you will see that Sports Direct received a payment of £498,000 from “Connected Persons,” Newcastle United Football Club. (more…)


Have ‘Time4Change’ lost their chance to seize the day?

November 17th, 2013 | 74 Comments |

NUFC Blog on metro.co.uk
NUFC Blog on metro.co.uk
My latest piece on metro.co.uk was published earlier today.

Entitled ‘Have two Newcastle United victories cost ‘Time4Change’ their momentum?,’ as you might have guessed from the title, it takes a look at the Newcastle United ‘Time4Change’ movement.

In the piece I ask if they are now in danger of losing their momentum after their first march almost a month ago, which made more of an impact than they might have imagined due to Mike Ashley’s childish and ludicrous overreaction to their little stroll through Newcastle before the game with Liverpool on 19th October.

You can find it by following the link below.

Have two Newcastle United victories cost ‘Time4Change’ their momentum?

(more…)


Sports Direct get free advertising, but what about Dunlop, Firetrap, Cruise etc?

November 6th, 2013 | 61 Comments |

NUFC Blog on metro.co.uk
NUFC Blog on metro.co.uk
My latest story on metro.co.uk is now up!

As is usual with the Metro, it now has a veritable cornucopia of titles chosen my their crack team of headline writers, sub-eds or whatever. However, my original title for it was the same as this piece, ie “Sports Direct get free advertising, but what about Dunlop, Firetrap, Cruise etc?” so I’ll stick with that one here.

On the piece itself, well we all know that Sports Direct don’t pay anything for all the advertising at St James’ Park and the club’s Benton training ground. However, some of you who might not follow Mike Ashley’s ever expanding business empire quite as closely as I do may not know that there are several other Sports Direct sub-brands such as Dunlop, Firetrap and Cruise who are also advertising at St James’ Park on a fairly regular basis. (more…)


Who is right? Patronising Pardew or revolting, self destructive fans?

October 18th, 2013 | 13 Comments |

Big question marks.
Who is right? Patronising Pardew or revolting fans?
As many of you will be aware, a motley collection of fan groups angered by Mike Ashley’s mismanagement, repeated dishonesty, a perceived lack of ambition and Newcastle United’s general underperformance on the pitch will be on the march before Saturday’s early kick-off against Liverpool.

On the other side, Alan Pardew in his recent interview with Sky Sports’ “Goals on Sunday” painted a picture of Newcastle United fans as small town, simple minded football obsessives who actually damage the club with overreactions like this, as well as being too financially unsophisticated to understand that Mike Ashley has put over £200 million into the club.

But who is right?

Pardew has suggested that we’re “not in a bad position” but that the fans have unrealistic expectations that the club should be competing with the likes of Manchester City and Manchester United: (more…)


Mike Ashley now the fourth richest Premiership owner with over £3 billion

September 11th, 2013 | 23 Comments |

Mike Ashley laughing.
Mike Ashley: Laughing all the way to the bank again.
With the news that Mike Ashley’s downmarket sports chain, Sports Direct, is about to be included in the reshuffled FTSE 100 Index of the top 100 UK companies, I took a peek at their latest figures, as I do from time to time.

As has been the norm with Sports Direct for quite some time now, the figures were obscene, with profits rising a whopping 23.2% to £260.1 million.

What caught my eye however was the current Sports Direct share price standing at well over £7 and rising three or four times just as I was reading it over the share ticker. This means that Ashley’s current 64% holding in Sports Direct International is now worth over £2.75 billion, and this is after Ashley cashed in some 4% of his shares for over £100 million back in February.

To put this in perspective in terms of Newcastle United and it’s importance in the scheme of things to Ashley, that is well over 10 times the value of what Ashley has invested in the club, around £262 million. This includes a debt of around £129 million to Ashley, most of which is repayable on demand with the rest secured on future broadcasting revenue. (more…)