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Kinnear - its not my fault


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A friend of mine told me that NUFC owned some prime lots of land when Ashley bought the club,can anyone tell me if this is true?

 

In 2006 the club had £16.7M of net assets (land + players etc. minus debts), that was down from £56.1M in 1998...

 

http://www.nufc-finances.org.uk/

 

I think the only land would be the stadium and academy, but I'm happy to be set right.

 

This is from the Newcastle United PLC annual report 2005. Not sure what has happend with this since then but the casino bit sounds right up Ashleys street.

 

Joint Venture with MGMMIRAGE.

Newcastle United Plc has a joint venture with MGMMIRAGE to

develop the area above St.James' metro station subject to certain matters.

Newcastle upon Tyne must be designated as the appropriate place for a

regional casino; the joint venture project must be selected as the appropriate

site,and all applicable planing and licensing consents must be obtained.The

proposed project would comprise a major mixed-use development including the

regional casino.

 

 

That fell through.

Do NUFC own the land though and could Ashley try to resurrect it as i think planning permision was alresdy in place?

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A friend of mine told me that NUFC owned some prime lots of land when Ashley bought the club,can anyone tell me if this is true?

 

In 2006 the club had £16.7M of net assets (land + players etc. minus debts), that was down from £56.1M in 1998...

 

http://www.nufc-finances.org.uk/

 

I think the only land would be the stadium and academy, but I'm happy to be set right.

 

Don't we lease the ground the stadium is on from the city council?

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A friend of mine told me that NUFC owned some prime lots of land when Ashley bought the club,can anyone tell me if this is true?

 

In 2006 the club had £16.7M of net assets (land + players etc. minus debts), that was down from £56.1M in 1998...

 

http://www.nufc-finances.org.uk/

 

I think the only land would be the stadium and academy, but I'm happy to be set right.

 

Don't we lease the ground the stadium is on from the city council?

 

That's what I thought, but the thing about owning the supporters club land threw me. <_<

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I am going along this avenue of thought because its beggining to look like Ashley doesn't give a fuck about this club.I can't believe a man who has made that much money can be a fool, yet he is acting like one in the way he's running this club into the ground.

This leaves me with the, hopefully wrong, conclusion that the fat twat must be asset stripping.What better way,least path of resistance, to offload your best players than with the excuse "they are not willing to play in the 2nd division(championship).

He knows if we drop down and are pushing for promotion he''ll still get crowds bigger than most prem teams.This would

give him the chance to build on his academy players,blood them in the 2nd division(champ) and then sell them on to the

clubs who have ambition.All the time pulling in premiership size crowds and the massive revenue the faithfull will spend on merchandise.

I hope i'm fucking wrong!

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A friend of mine told me that NUFC owned some prime lots of land when Ashley bought the club,can anyone tell me if this is true?

 

In 2006 the club had £16.7M of net assets (land + players etc. minus debts), that was down from £56.1M in 1998...

 

http://www.nufc-finances.org.uk/

 

I think the only land would be the stadium and academy, but I'm happy to be set right.

 

Don't we lease the ground the stadium is on from the city council?

 

That's what I thought, but the thing about owning the supporters club land threw me. <_<

 

Perhaps we own the constuction (i.e. the stadium) but I'm almost certain the land is on a rolling 99 year lease from the city council or something like that.

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I am going along this avenue of thought because its beggining to look like Ashley doesn't give a fuck about this club.I can't believe a man who has made that much money can be a fool, yet he is acting like one in the way he's running this club into the ground.

This leaves me with the, hopefully wrong, conclusion that the fat twat must be asset stripping.What better way,least path of resistance, to offload your best players than with the excuse "they are not willing to play in the 2nd division(championship).

He knows if we drop down and are pushing for promotion he''ll still get crowds bigger than most prem teams.This would

give him the chance to build on his academy players,blood them in the 2nd division(champ) and then sell them on to the

clubs who have ambition.All the time pulling in premiership size crowds and the massive revenue the faithfull will spend on merchandise.

I hope i'm fucking wrong!

 

With the net assets of the club being worth less than £20M I think you have to assume that Ashley's £200M investment is based on future tv/internet earnings which dwarf ticket/merchandise.....especially once you drop out of the top flight. Asset stripping just isn't viable for a Premier league club where all the value rests upon your position in the table. Is it?

 

I think conspiracy theorising credits Ashley with something other than incompetence, which i think is a stretch.

Edited by Happy Face
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I am going along this avenue of thought because its beggining to look like Ashley doesn't give a fuck about this club.I can't believe a man who has made that much money can be a fool, yet he is acting like one in the way he's running this club into the ground.

This leaves me with the, hopefully wrong, conclusion that the fat twat must be asset stripping.What better way,least path of resistance, to offload your best players than with the excuse "they are not willing to play in the 2nd division(championship).

He knows if we drop down and are pushing for promotion he''ll still get crowds bigger than most prem teams.This would

give him the chance to build on his academy players,blood them in the 2nd division(champ) and then sell them on to the

clubs who have ambition.All the time pulling in premiership size crowds and the massive revenue the faithfull will spend on merchandise.

I hope i'm fucking wrong!

 

With the net assets of the club being worth less than £20M I think you have to assume that Ashley's £200M investment is based on future tv/internet earnings which dwarf ticket/merchandise.....especially once you drop out of the top flight. Asset stripping just isn't viable for a Premier league club where all the value rests upon your position in the table. Is it?

 

I think conspiracy theorising credits Ashley with something other than incompetence, which i think is a stretch.

incompetence or asset stipping either way we are fucked.As i said tho, i can't see how anyone who can make the money he has can be that incompetent.The whole footballing world knows the shit were and what needs to be done about it.So why does he just sit there doing nothing?That can't be incompetence,i don't know what the fuck it is but its not just incompetence.I don't believe he is just burying his head in the sand either,so i'm at a loss as to second guess what the fucker is up to.

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I am going along this avenue of thought because its beggining to look like Ashley doesn't give a fuck about this club.I can't believe a man who has made that much money can be a fool, yet he is acting like one in the way he's running this club into the ground.

This leaves me with the, hopefully wrong, conclusion that the fat twat must be asset stripping.What better way,least path of resistance, to offload your best players than with the excuse "they are not willing to play in the 2nd division(championship).

He knows if we drop down and are pushing for promotion he''ll still get crowds bigger than most prem teams.This would

give him the chance to build on his academy players,blood them in the 2nd division(champ) and then sell them on to the

clubs who have ambition.All the time pulling in premiership size crowds and the massive revenue the faithfull will spend on merchandise.

I hope i'm fucking wrong!

 

With the net assets of the club being worth less than £20M I think you have to assume that Ashley's £200M investment is based on future tv/internet earnings which dwarf ticket/merchandise.....especially once you drop out of the top flight. Asset stripping just isn't viable for a Premier league club where all the value rests upon your position in the table. Is it?

 

I think conspiracy theorising credits Ashley with something other than incompetence, which i think is a stretch.

incompetence or asset stipping either way we are fucked.As i said tho, i can't see how anyone who can make the money he has can be that incompetent.The whole footballing world knows the shit were and what needs to be done about it.So why does he just sit there doing nothing?That can't be incompetence,i don't know what the fuck it is but its not just incompetence.I don't believe he is just burying his head in the sand either,so i'm at a loss as to second guess what the fucker is up to.

 

How does Boris Johnson end up in charge of London?

 

How does Gordon Brown end up in charge of the UK?

 

How does George Bush end up in charge of the US?

 

I'm being faceatious, he's clearly an intelligent and talented businessman, but he's made some tragic mistakes at the club. Mainly appointing Llambias and backing Wise over Keegan. I honestly believe he'd be willing to spend the money, he's not sat in a swimming pool of money rubbing his hands together, he HAS spent canny sums in previous windows but I don't think he'll pay over the odds for anyone.

 

The club has sunk so low, there's not a manager or player that would want to come close, even if we offered full whack....and I thought we'd reached our lowest ebb on that score after Allardyce went.

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I am going along this avenue of thought because its beggining to look like Ashley doesn't give a fuck about this club.I can't believe a man who has made that much money can be a fool, yet he is acting like one in the way he's running this club into the ground.

This leaves me with the, hopefully wrong, conclusion that the fat twat must be asset stripping.What better way,least path of resistance, to offload your best players than with the excuse "they are not willing to play in the 2nd division(championship).

He knows if we drop down and are pushing for promotion he''ll still get crowds bigger than most prem teams.This would

give him the chance to build on his academy players,blood them in the 2nd division(champ) and then sell them on to the

clubs who have ambition.All the time pulling in premiership size crowds and the massive revenue the faithfull will spend on merchandise.

I hope i'm fucking wrong!

 

With the net assets of the club being worth less than £20M I think you have to assume that Ashley's £200M investment is based on future tv/internet earnings which dwarf ticket/merchandise.....especially once you drop out of the top flight. Asset stripping just isn't viable for a Premier league club where all the value rests upon your position in the table. Is it?

 

I think conspiracy theorising credits Ashley with something other than incompetence, which i think is a stretch.

incompetence or asset stipping either way we are fucked.As i said tho, i can't see how anyone who can make the money he has can be that incompetent.The whole footballing world knows the shit were and what needs to be done about it.So why does he just sit there doing nothing?That can't be incompetence,i don't know what the fuck it is but its not just incompetence.I don't believe he is just burying his head in the sand either,so i'm at a loss as to second guess what the fucker is up to.

 

How does Boris Johnson end up in charge of London?

 

How does Gordon Brown end up in charge of the UK?

 

How does George Bush end up in charge of the US?

 

I'm being faceatious, he's clearly an intelligent and talented businessman, but he's made some tragic mistakes at the club. Mainly appointing Llambias and backing Wise over Keegan. I honestly believe he'd be willing to spend the money, he's not sat in a swimming pool of money rubbing his hands together, he HAS spent canny sums in previous windows but I don't think he'll pay for anyone.

 

The club has sunk so low, there's not a manager or player that would want to come close, even if we offered full whack....and I thought we'd reached our lowest ebb on that score after Allardyce went.

just edit that bit

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I am going along this avenue of thought because its beggining to look like Ashley doesn't give a fuck about this club.I can't believe a man who has made that much money can be a fool, yet he is acting like one in the way he's running this club into the ground.

This leaves me with the, hopefully wrong, conclusion that the fat twat must be asset stripping.What better way,least path of resistance, to offload your best players than with the excuse "they are not willing to play in the 2nd division(championship).

He knows if we drop down and are pushing for promotion he''ll still get crowds bigger than most prem teams.This would

give him the chance to build on his academy players,blood them in the 2nd division(champ) and then sell them on to the

clubs who have ambition.All the time pulling in premiership size crowds and the massive revenue the faithfull will spend on merchandise.

I hope i'm fucking wrong!

 

Yes but he'll lose 20-25m TV money at a stroke.

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From .com

 

Confirmation that at this point in the season, we've:

 

* Never been lower in the Premier League table

* Never recorded as few Premier League victories

* Never had as few Premier League points

 

NUFC Premier League record after 22 games:

 

1993/94: 36 points, 5th, 13 wins, 6 draws, 3 defeats

1994/95: 40 points, 5th, 11 wins, 7 draws, 4 defeats

1995/96: 51 points, 1st, 16 wins, 3 draws, 3 defeats

1996/97: 38 points, 4th, 11 wins, 5 draws, 6 defeats

1997/98: 29 points, 10th, 8 wins, 5 draws, 9 defeats

1998/99: 25 points, 14th, 6 wins, 7 draws, 9 defeats

1999/00: 27 points, 13th 7 wins, 6 draws, 9 defeats

2000/01: 31 points, 8th, 9 wins, 4 draws, 9 defeats

2001/02: 42 points, 1st, 13 wins, 3 draws, 6 defeats

2002/03: 39 points, 4th, 12 wins, 3 draws, 7 defeats

2003/04: 33 points, 5th, 8 wins, 9 draws, 5 defeats

2004/05: 26 points, 13th: 6 wins, 8 draws, 8 defeats

2005/06: 26 points, 14th: 7 wins, 5 draws, 10 defeats

2006/07: 26 points, 13th: 7 wins, 5 draws, 10 defeats

2007/08: 26 points, 11th: 7 wins, 5 draws, 10 defeats

2008/09: 23 points, 14th: 5 wins, 8 draws, 9 defeats

 

As if we didnt know already like, but there it is in black and white (!) but of course doesnt tell a full story..

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I am going along this avenue of thought because its beggining to look like Ashley doesn't give a fuck about this club.I can't believe a man who has made that much money can be a fool, yet he is acting like one in the way he's running this club into the ground.

This leaves me with the, hopefully wrong, conclusion that the fat twat must be asset stripping.What better way,least path of resistance, to offload your best players than with the excuse "they are not willing to play in the 2nd division(championship).

He knows if we drop down and are pushing for promotion he''ll still get crowds bigger than most prem teams.This would

give him the chance to build on his academy players,blood them in the 2nd division(champ) and then sell them on to the

clubs who have ambition.All the time pulling in premiership size crowds and the massive revenue the faithfull will spend on merchandise.

I hope i'm fucking wrong!

 

With the net assets of the club being worth less than £20M I think you have to assume that Ashley's £200M investment is based on future tv/internet earnings which dwarf ticket/merchandise.....especially once you drop out of the top flight. Asset stripping just isn't viable for a Premier league club where all the value rests upon your position in the table. Is it?

 

I think conspiracy theorising credits Ashley with something other than incompetence, which i think is a stretch.

incompetence or asset stipping either way we are fucked.As i said tho, i can't see how anyone who can make the money he has can be that incompetent.The whole footballing world knows the shit were and what needs to be done about it.So why does he just sit there doing nothing?That can't be incompetence,i don't know what the fuck it is but its not just incompetence.I don't believe he is just burying his head in the sand either,so i'm at a loss as to second guess what the fucker is up to.

 

How does Boris Johnson end up in charge of London?

 

How does Gordon Brown end up in charge of the UK?

 

How does George Bush end up in charge of the US?

 

I'm being faceatious, he's clearly an intelligent and talented businessman, but he's made some tragic mistakes at the club. Mainly appointing Llambias and backing Wise over Keegan. I honestly believe he'd be willing to spend the money, he's not sat in a swimming pool of money rubbing his hands together, he HAS spent canny sums in previous windows but I don't think he'll pay over the odds for anyone.

 

The club has sunk so low, there's not a manager or player that would want to come close, even if we offered full whack....and I thought we'd reached our lowest ebb on that score after Allardyce went.

 

He's a one-trick pony who came up with a good idea, I haven't seen anything else to suggest that he's a good business man.

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I am going along this avenue of thought because its beggining to look like Ashley doesn't give a fuck about this club.I can't believe a man who has made that much money can be a fool, yet he is acting like one in the way he's running this club into the ground.

This leaves me with the, hopefully wrong, conclusion that the fat twat must be asset stripping.What better way,least path of resistance, to offload your best players than with the excuse "they are not willing to play in the 2nd division(championship).

He knows if we drop down and are pushing for promotion he''ll still get crowds bigger than most prem teams.This would

give him the chance to build on his academy players,blood them in the 2nd division(champ) and then sell them on to the

clubs who have ambition.All the time pulling in premiership size crowds and the massive revenue the faithfull will spend on merchandise.

I hope i'm fucking wrong!

 

With the net assets of the club being worth less than £20M I think you have to assume that Ashley's £200M investment is based on future tv/internet earnings which dwarf ticket/merchandise.....especially once you drop out of the top flight. Asset stripping just isn't viable for a Premier league club where all the value rests upon your position in the table. Is it?

 

I think conspiracy theorising credits Ashley with something other than incompetence, which i think is a stretch.

incompetence or asset stipping either way we are fucked.As i said tho, i can't see how anyone who can make the money he has can be that incompetent.The whole footballing world knows the shit were and what needs to be done about it.So why does he just sit there doing nothing?That can't be incompetence,i don't know what the fuck it is but its not just incompetence.I don't believe he is just burying his head in the sand either,so i'm at a loss as to second guess what the fucker is up to.

 

How does Boris Johnson end up in charge of London?

 

How does Gordon Brown end up in charge of the UK?

 

How does George Bush end up in charge of the US?

 

I'm being faceatious, he's clearly an intelligent and talented businessman, but he's made some tragic mistakes at the club. Mainly appointing Llambias and backing Wise over Keegan. I honestly believe he'd be willing to spend the money, he's not sat in a swimming pool of money rubbing his hands together, he HAS spent canny sums in previous windows but I don't think he'll pay over the odds for anyone.

 

The club has sunk so low, there's not a manager or player that would want to come close, even if we offered full whack....and I thought we'd reached our lowest ebb on that score after Allardyce went.

 

He's a one-trick pony who came up with a good idea, I haven't seen anything else to suggest that he's a good business man.

 

True dat.

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I am going along this avenue of thought because its beggining to look like Ashley doesn't give a fuck about this club.I can't believe a man who has made that much money can be a fool, yet he is acting like one in the way he's running this club into the ground.

This leaves me with the, hopefully wrong, conclusion that the fat twat must be asset stripping.What better way,least path of resistance, to offload your best players than with the excuse "they are not willing to play in the 2nd division(championship).

He knows if we drop down and are pushing for promotion he''ll still get crowds bigger than most prem teams.This would

give him the chance to build on his academy players,blood them in the 2nd division(champ) and then sell them on to the

clubs who have ambition.All the time pulling in premiership size crowds and the massive revenue the faithfull will spend on merchandise.

I hope i'm fucking wrong!

 

Yes but he'll lose 20-25m TV money at a stroke.

He doesn't look too worried about it,at least not enough to get his hand in his pocket.

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I am going along this avenue of thought because its beggining to look like Ashley doesn't give a fuck about this club.I can't believe a man who has made that much money can be a fool, yet he is acting like one in the way he's running this club into the ground.

This leaves me with the, hopefully wrong, conclusion that the fat twat must be asset stripping.What better way,least path of resistance, to offload your best players than with the excuse "they are not willing to play in the 2nd division(championship).

He knows if we drop down and are pushing for promotion he''ll still get crowds bigger than most prem teams.This would

give him the chance to build on his academy players,blood them in the 2nd division(champ) and then sell them on to the

clubs who have ambition.All the time pulling in premiership size crowds and the massive revenue the faithfull will spend on merchandise.

I hope i'm fucking wrong!

 

Yes but he'll lose 20-25m TV money at a stroke.

He doesn't look too worried about it,at least not enough to get his hand in his pocket.

 

We will get a couple of players, it's just that I'm sure the quality and quantity won't be enough. <_<

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He's a one-trick pony who came up with a good idea, I haven't seen anything else to suggest that he's a good business man.

 

He's done well, but aye I'm far from sure he'd do well again from nothing (either in a different field or even in another field).

 

He seems more like an Arthur Daley/Del Boy that's been exceptionally lucky than a Branson.

 

 

 

Some of his share gambles remind me of those property developer programs of the last few years where they overspend stupidly but the market saves them and still hands them a profit.

 

It's only being in the last year things have been going wrong for him, and he doesn't really seem to know what to do. In fairness there might not be much to do - other than not make stupid share bets - but he's not really putting out a sea of calm like he should be either.

 

And I'm far from sure it's sunk in how much he'll lose if NUFC are relegated either.

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He's a one-trick pony who came up with a good idea, I haven't seen anything else to suggest that he's a good business man.

 

He's done well, but aye I'm far from sure he'd do well again from nothing (either in a different field or even in another field).

 

He seems more like an Arthur Daley/Del Boy that's been exceptionally lucky than a Branson.

 

 

 

Some of his share gambles remind me of those property developer programs of the last few years where they overspend stupidly but the market saves them and still hands them a profit.

 

It's only being in the last year things have been going wrong for him, and he doesn't really seem to know what to do. In fairness there might not be much to do - other than not make stupid share bets - but he's not really putting out a sea of calm like he should be either.

 

And I'm far from sure it's sunk in how much he'll lose if NUFC are relegated either.

 

The way he has treated his shareholders, the people who liquidised his fortune, has been a disgrace. Clearly he treats us with the same contempt.

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Well JJB's stock has fallen to one forty third of it's previous high value (430 down to 10). Sports Direct is one sixth (280 down to 50), so he's riding the current economic storm better than others.

 

Evidently where he's been concentrating his efforts. The cunt shouldn't have bothered with a football club if he wasn't prepared to give it as much attention as his other business interests.

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Well JJB's stock has fallen to one forty third of it's previous high value (430 down to 10). Sports Direct is one sixth (280 down to 50), so he's riding the current economic storm better than others.

 

Evidently where he's been concentrating his efforts. The cunt shouldn't have bothered with a football club if he wasn't prepared to give it as much attention as his other business interests.

 

Or he should have appointed people who know how to do their jobs properly, rather than his drinking\gambling cronies <_<

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What's a bet (oh yes i get the irony) that Lambrusco actually owns a share in the club now because the fat cunt drew 22 after betting it all?

There cannot be any other explaination as to why he's there.

 

He's the one that makes me the angriest on sight alone... I think it's his smug, arrogant, couldn't give a fuck look that is constantly on his ugly face.

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The Lambrusco stuff gives me hope it's not all down to Ashley being a shithead. Ultimately he carries the can as owner but the differences are striking...

 

Mort set up excellent lines of communication with the fans through websites like this one and fanzines.

Lambrusco couldn't be arsed and hasn't spoken a word I'm aware of.

 

Mort still takes the time to respond if you send him an email though he's nothing to do with the club any more.

Lambrusco wouldn't consider giving out an address.

 

Mort brought us Keegan.

Lambrusco brought us Kinnear.

 

Mort sacked Allardyce

Lambrusco sacked Keegan.

 

Mort bought players the manager wanted

Lambrusco sells players the manager wants

 

Mort balanced the books with Ashleys cash

Llambrusco balances the books with player sales and wage reduction

 

Between arrival and departure Mort had a net spend of £10M

Since his arrival Lambrusco has a net profit of £2M

 

Mort was welcomed and cheered in pubs and clubs around the North East.

Lambrusco is lucky if he can get in the stadium without protest banners

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The Lambrusco stuff gives me hope it's not all down to Ashley being a shithead. Ultimately he carries the can as owner but the differences are striking...

 

Mort set up excellent lines of communication with the fans through websites like this one and fanzines.

Lambrusco couldn't be arsed and hasn't spoken a word I'm aware of.

 

Mort still takes the time to respond if you send him an email though he's nothing to do with the club any more.

Lambrusco wouldn't consider giving out an address.

 

Mort brought us Keegan.

Lambrusco brought us Kinnear.

 

Mort sacked Allardyce

Lambrusco sacked Keegan.

 

Mort bought players the manager wanted

Lambrusco sells players the manager wants

 

Mort balanced the books with Ashleys cash

Llambrusco balances the books with player sales and wage reduction

 

Between arrival and departure Mort had a net spend of £10M

Since his arrival Lambrusco has a net profit of £2M

 

Mort was welcomed and cheered in pubs and clubs around the North East.

Lambrusco is lucky if he can get in the stadium without protest banners

 

 

Mort sacked SA cause he asked for more cash and iirc was whinning at the poor/untried players he was having to deal with.

 

I like Mort but it's a red herring.

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Mort sacked SA cause he asked for more cash and iirc was whinning at the poor/untried players he was having to deal with.

 

Where do you get that from. Personally I have no recollection of that having been the case at the time.

 

EDIT: Why would you sack someone and incur a huge payout on their contract because they asked for more money, when you could just say "no" and let him resign?

Edited by Happy Face
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