Mike Ashley Takeover …Ready and Waiting (6 Viewers)
- Thread starter Flying Fokker
- Start date
So what did he get out of it?
Grendel
Well-Known Member
He made a £60m profit
you just seem to be trying to construct arguments for the sake of it
We currently seem to be in a situation where the current owners are admitting there are no funds available.
The league now is competitive. Some level of input - very low level to someone like Ashley - could make a 10 fold return on investment if successful and given the club will continue to pay rent to the holding company who owns the stadium the money gets paid back anyway over time
Brighton Sky Blue
Well-Known Member
The decision to hand management
of the club to Llambias and Wise-the ‘cockney mafia’ - was a big error too.
How long after taking over the club did he sack Keegan? Just getting a feel for how long Robins has got lol
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Gynnsthetonic
Well-Known Member
Pardew on a 10 year contract incoming
Grendel
Well-Known Member
He appointed him and then sacked him
The belief Newcastle are some powerhouse is laughable - they last won a major domestic trophy the year the electric television was invented
NortonSkyBlue
Well-Known Member
Well for years you’ve said that no-one would ever consider us as a good investment, but now all of a sudden the Championship is an obvious (and much more competitive now, apparently?) league for any old billionaire to invest in and get a 10 fold return. And yet even with the stadium in play, there only appears to be one potential game in town, and we’re not even sure if he’s interested. If the business case is so obvious, where are the other buyers?
It may well be that Ashley is the answer to our woes, and I’ve said many times that he’d be an upgrade on our current owners. But unfortunately I think that as much as people like to imagine that he’s had a Damascene conversion to the business sense of investing in the team (and to benefit the good people of Der…..uh Coventry) I think it’s more likely that he’d run us like he ran his previous clubs. Conservatively, financially sound but unambitious, prioritising stable balance sheets (and personal profits) over success on the pitch. Nothing wrong with that, but not worth incessantly tracking his helicopter over.
One thing to note is smart business people tend to learn from their mistakes... hopefully Ashley would be less trigger happy. Also it depends what the manager promises the owner. If I was in Robins shoes I'd only ask for a few million this season if it was to happen and say we may fluke it up on the cheap if not let's try a build job over the summer and go again.
In revenue and wage bill terms they were one of the biggest clubs in Europe (and regularly played in Europe too). You could argue they would have just gone the same way as Leeds if he’d acted otherwise, but the argument against Ashley is that he took over a team with a realistic shot at entrenching themselves in the top 4, but they instead fell away just as UCL money was going stratospheric, and it will take them decades (and billions more pounds) to get them back there.
Brighton Sky Blue
Well-Known Member
D
Deleted member 5849
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Peter Hormantschuk is preparing to take over our first team as we speak...
Keegan appointed Kinnear?
As I said, that’s the argument for the other side. I would question whether big debts are necessarily fatal to a Premier League club’s ambition, especially if they have a billionaire owner. But if you put that much importance on having sound finances off the pitch above all else then I can see the argument.
I didn’t put a value judgment on where Newcastle ranked financially. I certainly don’t think Newcastle have ever had great owners (and Shepherd was clearly insane). But when it comes to billionaires like Ashley owning football clubs I’m yet to see why I should give a shit about how much money they might make or lose in making sure the team is successful.
hill83
Well-Known Member
He’s lazy
Brighton Sky Blue
Well-Known Member
Senior Vick from Alicante
Well-Known Member
Your failing to understand the premise of what Grendel is saying. Forget Newcastle and other premier league teams for the time being. The scenario is this and its also an IF, There are very few clubs outside of the Premier league that could be bought for a relatively modest amount and taken to the next level. If you look at us we have a massive catchment area, great fan base, potentially a great stadium, above average team and manger, young squad and a brilliant academy. If you were looking to get a football team to do that then we look like a very good choice. The If in this is does MA want to do this?
chiefdave
Well-Known Member
the theory is great but isn't that pretty similar to the Ranson plan? Find a city with a single club, modern stadium, put a bit of money in, get promoted, cash out. didn't work that time, lets hope if Ashely does take over it works better this time.
Grendel
Well-Known Member
It’s nothing like the ranson plan as they didn’t own the stadium and ended up spending money on bills they didn’t even know existed
So when the stadium and the club were both on the block earlier this month, how many investors were queued up for this very modest and very lucrative opportunity?
Brighton Sky Blue
Well-Known Member
I would assume up to now having no chance of getting the stadium?
shmmeee
Well-Known Member
We’ve had loads of chances to get the stadium, but why would the stadium matter?
letsallsingtogether
Well-Known Member
Some have tried none could get past Joy, if she has really sold 85% then maybe King is easier to deal with and might make a quick killing.
After all he is Norwich fan!
shmmeee
Well-Known Member
I have a feeling there’s no 4D chess and Joy decided she couldn’t take us further once the stadium had gone.
Ten years people have been having wilder and wilder theories about “what’s really happening” and pretty much all of them came to nothing. For now my take is Ashley doesn’t want the club and King is going to see us through without selling this season.
Ten years people have been having wilder and wilder theories about “what’s really happening” and pretty much all of them came to nothing. For now my take is Ashley doesn’t want the club and King is going to see us through without selling this season.
Senior Vick from Alicante
Well-Known Member
SkyblueDad
Well-Known Member
I’ve read his Newcastle venture when he took them over they were £71million in debt, that’s 15 years ago and a massive wage bill, spent twelve out of fourteen years in the Premiership and left them with the richest owners in football they are now third in the prem. and dark horses to be higher I’d accept that.
Sky Blue Pete
Well-Known Member
Me too
oldskyblue58
CCFC Finance Director
My opinion. If Ashley does have ambition to own ccfc I suspect he is in no hurry to do so. I think he saw an opportunity to add valuable real estate for a very modest sum to his overall portfolio. Whilst he owns house of fraser its his son in law that runs the group. Of course he has input but is he hands on at the stadium almost certainly not. A relatively cheap investment gives house of fraser all sorts of options and leaves others with big and possibly expensive decisions to make
I think we are at least for some years going to be in the hands of Mr King. With Seppala lurking in the background. Might be intended to be like that but not convinced there isn't a large amount of miscalculation as to how ccfc managed to miss out on the best chance of owning the stadium, it could easily be we never do.
I think we are at least for some years going to be in the hands of Mr King. With Seppala lurking in the background. Might be intended to be like that but not convinced there isn't a large amount of miscalculation as to how ccfc managed to miss out on the best chance of owning the stadium, it could easily be we never do.