[Albion] Premier league money

[Brian Parsons]

I read the match report in the Express this morning. In it the reporter questions where has the millions that Newcastle would have got from promotion and finishing 10th last season. My question is do clubs HAVE TO SPEND the money on players etc or can the owners put it in their bank accounts.

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[Stat Brother]

Oh there's me thinking this was another palace thread.

 

[Birdie Boy]

Surely there is no obligation on them to spend it but if they want to keep winning* £100m every year then they will need to spend some.

*winning means finishing 17th or better on this occasion!

 

[Stat Brother]

Surely there is no obligation on them to spend it but if they want to keep winning* £100m every year then they will need to spend some.

*winning means finishing 17th or better on this occasion!

I believe Mr TaxMan might have an interest in the unspent cash.

 

[dazzer6666]

I read the match report in the Express this morning. In it the reporter questions where has the millions that Newcastle would have got from promotion and finishing 10th last season. My question is do clubs HAVE TO SPEND the money on players etc or can the owners put it in their bank accounts.

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Well they LOST over £40m in 16/17 (having spent an incredible £112m on wages - 130% of T/O - we spent about £40m by comparison) - https://www.nufc.co.uk/news/latest-news/accounts-year-ending-30-june-2017

The owners can technically do what they want - they don't have to invest the PL money in players or infrastructure so yes they could take it out in theory.

 

[Stat Brother]

Well they LOST over £40m in 16/17 (having spent an incredible £112m on wages - 130% of T/O - we spent about £40m by comparison) - https://www.nufc.co.uk/news/latest-news/accounts-year-ending-30-june-2017

The owners can technically do what they want - they don't have to invest the PL money in players or infrastructure so yes they could take it out in theory.

Who picked up that £40m bill.

It couldn't have been Ashley cos he's the worst owner in football.

 

[Gazwag]

I believe Mr TaxMan might have an interest in the unspent cash.

Subject to allowance for losses in earlier years

 

[Triggaaar]

Blackpool anyone?

 

[Giraffe]

They can do what want, subject to paying their taxes. If Ashley wants to take out money provided he has met all obligations he is free to do so.

I don't get what his game plan is though. Clearly selling them when they were 10th last season was as good as it could get. Did he think this season they might do better without spending any more money? Odd.

 

[Insel affe]

They can do what want, subject to paying their taxes. If Ashley wants to take out money provided he has met all obligations he is free to do so.

I don't get what his game plan is though. Clearly selling them when they were 10th last season was as good as it could get. Did he think this season they might do better without spending any more money? Odd.

I do not understand the Newcastle support, they are allegedly vehemently opposed to the Ashley regime, yet 50 thousand of them constantly turn up, to tut, whistle, moan and leave early....

Where is the organisation and resistance against this dastardly owner, where is the passion to remove him, they can surely do more to make themselves heard and force his hand.

Actually is Ashley that bad, or is it a combination of things, an under performing manager and team, and more importantly my belief "delusions of grandeur"

 

[Stat Brother]

I do not understand the Newcastle support, they are allegedly vehemently opposed to the Ashley regime, yet 50 thousand of them constantly turn up, to tut, whistle, moan and leave early....

Where is the organisation and resistance against this dastardly owner, where is the passion to remove him, they can surely do more to make themselves heard and force his hand.

Actually is Ashley that bad, or is it a combination of things, an under performing manager and team, and more importantly my belief "delusions of grandeur"

He probably is 'that bad' in any other form of business, but in the world of football club ownership he's probably decent.
A fact the Toon Army might realise if Ashley finally sells up.

 

[ditchy]

I read the match report in the Express this morning. In it the reporter questions where has the millions that Newcastle would have got from promotion and finishing 10th last season. My question is do clubs HAVE TO SPEND the money on players etc or can the owners put it in their bank accounts.

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Q.. the Oystons at Blackpool !

 

[Spiros]

They can do what want, subject to paying their taxes. If Ashley wants to take out money provided he has met all obligations he is free to do so.

I don't get what his game plan is though. Clearly selling them when they were 10th last season was as good as it could get. Did he think this season they might do better without spending any more money? Odd.

I thought Ashley's point was that he has been trying to sell for years and has not so far been able to?

 

[Insel affe]

I thought Ashley's point was that he has been trying to sell for years and has not so far been able to?

He has been able to sell it, but has not been offered what he thinks is a fair price, that in it's self is fair enough, you might not be happy if your a fan of the said club, but he has purchased the club, and has indeed made funds available paid decent wages for players and managers, why should he take less than he thinks it is worth.

 

[warmleyseagull]

I read the match report in the Express this morning. In it the reporter questions where has the millions that Newcastle would have got from promotion and finishing 10th last season. My question is do clubs HAVE TO SPEND the money on players etc or can the owners put it in their bank accounts.

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See https://www.bbc.co.uk/sport/football/44850888. clubs are making money despite paying stupid transfer fees and wages. As to owners putting into own bank accounts, of course they can pay themselves huge divis; think Owen Oyston at Blackpool.

 

[Superphil]

I do not understand the Newcastle support, they are allegedly vehemently opposed to the Ashley regime, yet 50 thousand of them constantly turn up, to tut, whistle, moan and leave early....

Where is the organisation and resistance against this dastardly owner, where is the passion to remove him, they can surely do more to make themselves heard and force his hand.

Actually is Ashley that bad, or is it a combination of things, an under performing manager and team, and more importantly my belief "delusions of grandeur"

This summer they signed:

Martin Dubravka – from Sparta Prague- £4million
Fabian Schar - Deportivo La Coruna - £3.5million
Yoshinori Muto - Mainz - £9million
Federico Fernandez - Swansea - £6million
Ki Sung-yueng – free – from Swansea
Kenedy - loan - from Chelsea

Last season they signed

Christian Atsu - Chelsea £6,200,000
Florian Lejeune - Eibar £8,700,000
Jacob Murphy - Norwich City £12,000,000
Javier Manquillo - Atlético Madrid £4,500,000
Joselu - Stoke City £5,000,000
Mikel Merino - Borussia Dortmund £8,500,000

That comes to nearly £70m worth of new signings, plus some pretty expensive loans, since they were promoted into the EPL.

Is that what their delusional fans mean by not investing in the squad?

I'm sure Ashley is a goon, but I think he has made significant funds available to Benitez, not to mention the amount of his own money he has ploughed into the team since he took it over. Perhaps the manager, and the players are just a bit less good than the fans seem to think they are.

 

[dwayne]

This summer they signed:

Martin Dubravka – from Sparta Prague- £4million
Fabian Schar - Deportivo La Coruna - £3.5million
Yoshinori Muto - Mainz - £9million
Federico Fernandez - Swansea - £6million
Ki Sung-yueng – free – from Swansea
Kenedy - loan - from Chelsea

Last season they signed

Christian Atsu - Chelsea£6,200,000
Florian Lejeune - Eibar£8,700,000
Jacob Murphy - Norwich City£12,000,000
Javier Manquillo - Atlético Madrid£4,500,000
Joselu - Stoke City£5,000,000
Mikel Merino - Borussia Dortmund£8,500,000

That comes to nearly £70m worth of new signings, plus some pretty expensive loans, since they were promoted into the EPL.

Is that what their delusional fans mean by not investing in the squad?

I'm sure Ashley is a goon, but I think he has made significant funds available to Benitez, not to mention the amount of his own money he has ploughed into the team since he took it over. Perhaps the manager, and the players are just a bit less good than the fans seem to think they are.

As crazy as it sounds 70m over 2 seasons is nothing these days when the likes of Fulham and wolves are spending over 100m in one transfer window.

Newcastle are a big club they should be purchasing more than them, they should probably be on par in quality and spending with the likes of Everton.

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[Tim Over Whelmed]

I think owners SHOULD put some in their pockets, they are after all the ones who speculated on the business making money? If all clubs are run on "passion" chances are they'll go bust. If, however, you run it as a business model you have a better chance of investing wisely and creating a return for investors which should aid sustainability?

 

[jimhigham]

Any owner worth their salt will put aside a decent nest egg for cladding.