Happy Face 29 Posted May 14, 2010 Share Posted May 14, 2010 It will take 5 years to break if he plans to spend some of the increased revenue which as someone pointed out, isnt a capital outlay. I think (but am not sure obviously) that no capital outlay on players means he wont be taking funds from outside NUFC to fund purchases, which i believe he would had to have done in January. If he plans to use the increased revenue from TV/prem etc, then it will take some time to break even. Its about the only way any of this makes any sense. Doesnt mean its true though. But if he plans to spend the tv revenue on players rather than capital outlay, then he's going to have to loan the club more money to cover the losses the TV revenue was going to cover. It's nonsensical. I know, evey time i come up with an idea to explain it, i realise i'm contradicting myself. I suspect he did this deliberately. The only explanation as far as i can see is that the plan covers the worst case scenario...relegation back to the Championship. So, like West Brom, we'll be set up not to lose money even if we go down. Link to comment Share on other sites More sharing options...
Happy Face 29 Posted May 14, 2010 Share Posted May 14, 2010 (edited) Given that £37.7 million was lost in 2009 and £32.5 million is the expected loss for 2010, from the statement the club intend to keep reducing yearly losses by about £5.4m every year to break even in 2016: 2009 = £37.7m loss 2010 = £32.5m loss 2011 = £27.1m loss 2012 = £21.7m loss 2013 = £16.3m loss 2014 = £10.9m loss 2015 = £5.5m loss 2016 = £0.1m loss In order for the accounts to be signed off, Ashley will be forced to put that money into the club to cover those losses, every year. So by 2016 Ashley will have loaned us a further £81.6m. He could spend that on players in the summer and have us in the champions league in 2011/2012 Edited May 14, 2010 by Happy Face Link to comment Share on other sites More sharing options...
Happy Face 29 Posted May 17, 2010 Share Posted May 17, 2010 Another statement.... http://www.nufc.co.uk/articles/20100517/cl...2240137_2054036 So long Kenny. Link to comment Share on other sites More sharing options...
Sonatine 10076 Posted May 17, 2010 Share Posted May 17, 2010 "Mutual consent"............. Link to comment Share on other sites More sharing options...
Kevin 1 Posted May 17, 2010 Share Posted May 17, 2010 Bye Kenny babes, ghee man luvs ya? k. Link to comment Share on other sites More sharing options...
Ayatollah Hermione 12799 Posted May 17, 2010 Share Posted May 17, 2010 871 posts of utter shite. Link to comment Share on other sites More sharing options...
TheMoog 0 Posted May 17, 2010 Share Posted May 17, 2010 Another loss to the club Link to comment Share on other sites More sharing options...
Kitman 2188 Posted May 17, 2010 Share Posted May 17, 2010 Another statement.... http://www.nufc.co.uk/articles/20100517/cl...2240137_2054036 So long Kenny. Strange he'd want to leave behind an academy "brimming with talent". Unless it isn't of course and he's been sacked. Link to comment Share on other sites More sharing options...
Craig 6317 Posted May 17, 2010 Share Posted May 17, 2010 "Mutual consent"............. Wasn't KK's departure 'mutual consent' originally according to the club...? Link to comment Share on other sites More sharing options...
peasepud 59 Posted May 17, 2010 Share Posted May 17, 2010 "Mutual consent"............. Wasn't KK's departure 'mutual consent' originally according to the club...? And it was, Ashley, Llamarse and the dwarf all agreed he should go. Link to comment Share on other sites More sharing options...
TheMoog 0 Posted May 17, 2010 Share Posted May 17, 2010 "Mutual consent"............. Wasn't KK's departure 'mutual consent' originally according to the club...? And it was, Ashley, Llamarse and the dwarf all agreed he should go. The cnuts Link to comment Share on other sites More sharing options...
Happy Face 29 Posted May 18, 2010 Share Posted May 18, 2010 ...and another... http://www.nufc.co.uk/articles/20100517/nu...2240137_2054354 Wendy Taylor is now head of media. Comes from Newcastle Airport. Link to comment Share on other sites More sharing options...
trophyshy 6441 Posted May 18, 2010 Share Posted May 18, 2010 If she is as good as Fllabiarse claims this should be the last thing he says. "We are delighted to have Wendy on board. She brings a wealth of media experience with her and I am sure she will prove an excellent acquisition for the Club. With our return to the Premier League, Wendy joins us at a very exciting time and I wish her every success in what is a key role within the Football Club." Link to comment Share on other sites More sharing options...
sweetleftpeg 0 Posted May 18, 2010 Share Posted May 18, 2010 'Wendy brings a vast wealth of experience of deflecting shit and becomes our latest scapegoat.' Link to comment Share on other sites More sharing options...
Giraffidae 0 Posted May 18, 2010 Share Posted May 18, 2010 “Wendy will be someone to hide the fact that we don’t know how to deal with running a football club, especially during transfer windows as we’ve already over done ‘the club is up for sale’ charade.” Link to comment Share on other sites More sharing options...
sammynb 2929 Posted May 18, 2010 Share Posted May 18, 2010 Typical of these cunts, no capital outlay and yet they have budget to extend their PR department. Be ready for more shite. Link to comment Share on other sites More sharing options...
peasepud 59 Posted May 18, 2010 Share Posted May 18, 2010 Remarkable that we need a PR department seeing as the last statement said there'd be no more statements Link to comment Share on other sites More sharing options...
Christmas Tree 3997 Posted May 18, 2010 Share Posted May 18, 2010 Remarkable that we need a PR department seeing as the last statement said there'd be no more statements Link to comment Share on other sites More sharing options...
ohhh_yeah 2789 Posted May 18, 2010 Share Posted May 18, 2010 http://www.whufc.com/articles/20100518/a-t...2236884_2054416 Link to comment Share on other sites More sharing options...
peasepud 59 Posted May 19, 2010 Share Posted May 19, 2010 http://www.whufc.com/articles/20100518/a-t...2236884_2054416 Dear Mr Llamearse, I never thought Id say this to anyone but why cant you be more like Mr Sullivan? Admittedly you're already half way there, short, squat, funny hair (or lack of) and an ability to rub people up the wrong way by just looking at them but come on its not difficult. Just look at your customer base and get an idea of what they want, then speak to some people who actually know about football and see what it takes to make a club thats going to move forward. West Ham have done it so why cant you? Link to comment Share on other sites More sharing options...
Bibble 0 Posted May 19, 2010 Share Posted May 19, 2010 http://www.whufc.com/articles/20100518/a-t...2236884_2054416 Is Scott Parker turning into a werewolf on that site's banner? Link to comment Share on other sites More sharing options...
JawD 31 Posted May 19, 2010 Share Posted May 19, 2010 10. Listen to supportersArguably the most important of all is our commitment to listen to what you have to say. We know we are just the custodians of this club. You who follow us every week, whether near or far, are the true owners. Whether talking to you online or in print, or face to face at fan forums, we will be open, transparent and available. Yeah, can you see our club taking this approach? Link to comment Share on other sites More sharing options...
Happy Face 29 Posted May 19, 2010 Share Posted May 19, 2010 10. Listen to supportersArguably the most important of all is our commitment to listen to what you have to say. We know we are just the custodians of this club. You who follow us every week, whether near or far, are the true owners. Whether talking to you online or in print, or face to face at fan forums, we will be open, transparent and available. Yeah, can you see our club taking this approach? West Ham doing the opposite of what Ashley does. Reminds me of the Seinfeld episode called 'The Opposite' where George realises every single decision he makes is wrong so doing the opposite must be right. Link to comment Share on other sites More sharing options...
spongebob toonpants 3628 Posted May 20, 2010 Share Posted May 20, 2010 My name is George. I'm unemployed and I live with my parents. Damn you HF -I'm about to lose my afternoon to Costanza The sea was angry my friend..... Link to comment Share on other sites More sharing options...
Acid 0 Posted May 20, 2010 Share Posted May 20, 2010 So anyone who was 50/50 towards buying a season ticket has had their decision made an awful lot easier for them. Link to comment Share on other sites More sharing options...
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