Problem is DM, Kinnear came out and was quoted "no one will leave in January". Then we ended up selling our best player.
We used to challenge Man U for the title, playing Barcelona in the CL. So no, we are not content with being a mid table club. We have one of the biggest stadiums in the league that gets sold out for every game. Ashley has the funds, but he bought the club to make money, which has hindered the clubs progression.
Apparently the club "owes" MA £110m in loans (which are interest free). He took £11m from us in the summer as payment on the loan. We have also netted £45m in player sales, and he's yet to dip into the £60m TV money. The club in littered with his companies advertising, which isn't subsidised, so the club is penalised and missing out on forms of advertising revenue. We have one of the worst sponsorship deals in the PL! Yet we should arguably be one of the biggest clubs in the PL.
This is what makes the fans angry. Pardew get's a lot of flack sometimes, which is uncalled for. He's doing wonders with the squad he has, and I don't think our season is over after losing to the mackems. We've done well considering, but no players have been bought in the last 2 windows. And we are not progressing as a club.
lol....
Hasn't dipped into the 60mil tv money yet? As for what money has been spent on I'll put it this way. Atletico's budget is 125mil, their wage budget is 65mil, just because you think there are no other costs doesn't mean there aren't. Ground maintenance, insurance(which is HUGE on dozens of players making millions a year), travel fee's.
Quick google check found me the 10/11 numbers, 75mil expenses of which 55mil or so was wages. This will have increases significantly. That year the tv money was 48mil, 60mil might sound like a lot of tv money. But the club was barely breaking even 2 years ago with only 12mil less tv money. The 5 players you bought in Jan will have significantly added to the wage budget, though you've trimmed others off.
The club is barely profitable and the 110mil interest free loan won't be paid off any time soon.
Some transfer windows you spend 20mi, others you recoup 20mil, you can't always spend what you get in at the same time, it's football. You and many other Newcastle fans on here seem to want to ignore that Utd/Arsenal/CHelsea/City have all had to wait for the players they want, Real waited 2 years to get Ronaldo.
as for Kinnear saying no one will leave... did you want him to say "we're selling Cabaye for sure, he's screaming to get out", how do you think that would effect his cost, you think it would bring clubs out into a bidding war to overpay? DoF's/managers playing hardball in the press... not new, not something Fergie, Wenger, or any other club hasn't done almost every transfer window. There are things to complain about but the niggly crap that every club goes through is just being silly.
Arsenal for the record, while bringing in 100mil a year(compared to Newcastle's roughly 20mil) from gate receipts a year(that means we're being charged MASSIVELY more) waited till they had cash reserves of 170million..... before finally spending on Ozil. The vast majority of clubs try to have a cash reserve, frankly in case of disaster. It's reckless to spend every penny you have instantly.
Ashley also prevented the club turning into Portsmouth through it's incredible debt that he naively but bravely took on to save the club he loves. He isn't some Russian/middle eastern oil billionaire, expecting the same level of investment is well, silly.
AS for playing Barcelona... what is your point, the club almost drove itself to financial ruin to achieve that and Ashley is the man who saved your club from the results of that spending, and now you're angry he's not doing it again?
If you want to see Newcastle compete, offer to pay 3-4 times the current ticket prices to let you compete with the top clubs revenue so you can compete.....
You don't have a better shirt sponsor, because no one wants to throw 20mil at Newcastle a year, they aren't consistently in the CL, they don't have the fan base, they don't have the financial muscle to compete. As I asked in the other threat, for a guy supposedly taking all the money out of the club, do you think he went with Wonga when others were offering much more?
Billionaire Mike Ashley has secured his second successive year of profits with the St James’ Park club.
Overall profit was recorded at £1.4m following player amortisation which has seen Newcastle re-enter the world’s top 20 revenue-generating clubs after increasing turnover to £93.3m – representing a 5.4% increase on last year.
A fifth-place finish in the league saw TV income swell by 14.6% with the squad set to benefit from an agreement on broadcasting for next year.
Average attendance at St. James’ Park rose to 49,936 – an increase of 2,190 on last year.
But after the club froze season ticket prices their ticket revenue has fell by 7%.
As a result of these initiatives the club saw a hugely significant increase in the number of season ticket holders and members.
The number of season ticket holders reached its highest level since 2007.
Commercial revenue fell by 12.7%, though the latest figures do not include income from the club’s new partnership deal with Wonga.
That partnership, which is effective from the 2013/14 season, represents a significant increase on the club’s previous commercial agreements.
While operating costs have remained steady at £21.6m, operating profit is down from £13.3m to £7.5m.
A key factor is an increase in the club’s wage bill, which has risen by 20% to £64.1m following the signings of a number of key players, including Cabaye, Marveaux, Santon, Ba and Cisse.
That puts the club’s wages-to-turnover at 68.7%, an increase of 8.1% rise relative to last year’s ratio.
1.4mil profit.... huge, 64mil wages... 98mil income, 21.6mil operating costs. Profit doesn't always mean big, wage bills go up every year. This is how English clubs work, big tv money = big wages compared to almost every other team in europe outside of those with their own tv deals. Newcastle(and Everton, probably several others) spend the same wages as Atletico Madrid and Dortmund spend. Big English tv money means attracting better players because they can get more money here than in Spain/Germany/Italy at the same sized clubs, then the players who improve move back to those big clubs, a la Cabaye. Tv money increases every 4 years, so does the average wage. The increase in Tv money at best gives you increased spending for a year before you sign 2 players to contract extensions at increased wages, and sign one new guy who wants a bigger slice of the new huge tv money pie.
although reading SSN this morning it says Llambias is on good terms with Ashley again and he may take up the role again.
