Ashley Commitment Convinced Money On Newcastle

Good to hear yesterday, some good and positive statements, from our new Newcastle United Academy Director Richard Money.


 Richard Money – holds an important job at the club

The former Walsall boss, who will hold an important job at the club in developing the many top class youngsters we will continue to sign, said yesterday that he was convinced about taking the Newcastle job by club owner Mike Ashley.

Mike has received some bad publicity over the last couple of weeks, which is probably unfair and certainly unfounded.

We have to assume Mike doesn’t want to sell the club, and that there are rascals out there only too happy to destabilize the club, for what reason we have no idea.

Richard said yesterday:

“The owners here are in it for the long haul.”

“And it was the commitment of Mike Ashley here that made me come to the Academy.”

“There aren’t any other jobs that could have tempted me out of management.”

“But I was impressed by the owner’s belief in the development of young players locally and in Europe.”

One thing we’ll be going for big time next year will be the FA Youth Cup. We reached the semi-finals in 2006 and 2007, but last season surprisingly fell at the first hurdle, when we went down 1-0 to Shrewsbury Town at St. James’ Park in December.

We last won the FA Youth Cup back in 1985, when we took Watford apart 4-1 in the final, and a certain young Paul Gascoigne was in the team.

But with the new youngsters we now have at the club. we surely will have a good chance next season of reaching the latter stages of the tournament.

That will be only one of the measurements of judging how good a job Money is doing at the club.

Comments welcome, but please keep them civil.

39 comments so far

  • Will

    Jul 10, 2008 at 11:12 AM

    Comment #1

    Good Addition! He seems like he knows what he is talking about.

  • Chris F

    Jul 10, 2008 at 11:13 AM

    Comment #2

    seems a good bloke, hopefully he can do a good job with all the good kids we seem to have now.


    Jul 10, 2008 at 11:18 AM

    Comment #3

    Any news on aaron spear? . Did he sign for newcastle?

  • domtoon

    Jul 10, 2008 at 11:19 AM

    Comment #4

    Show me the Monneeyyy

  • Hadrian

    Jul 10, 2008 at 11:20 AM

    Comment #5

    Great , hopefully mike can take time out of his busy life and convince his customer as much as his staff then ?

  • Ed Harrison

    Jul 10, 2008 at 11:29 AM

    Comment #6

    Aaron Spear has not yet signed for Newcastle – but as far as we know there are no problems with the deal going though – eventually.

  • 51times

    Jul 10, 2008 at 11:29 AM

    Comment #7

    Hopefully we’ll see the fruits of his labour in a few years time.

  • filthy

    Jul 10, 2008 at 11:31 AM

    Comment #8

    I saw a story on News Now from Yesterday evening:

    Has anyone any idea on the validity of this story, or is it just media speculation. It refers to Oba going to the Arse. I thought he emphatically stated that he wanted to stay for the long haul and become a legend?


    Jul 10, 2008 at 11:32 AM

    Comment #9

    Thanks ED- sign him up quick i say! Wenger is lurking!

  • Will Camp

    Jul 10, 2008 at 11:33 AM

    Comment #10

    gotta say that what mr money has just said confirms that mike ashley is staying.

    on a different matter, i ve gotta say Ed this is one of the best newcastle sites around. none of the other update as often as yours. brilliant job mate. keep up the good work

  • Leo

    Jul 10, 2008 at 11:37 AM

    Comment #11

    good stuff, but you have to ask yourself the question was it for the money?

    mike ashley has put good infrastructure down and i dont think he is finished yet…

    double the size of that acadamy i say

  • Vitorbarbosa

    Jul 10, 2008 at 11:40 AM

    Comment #12

    I think he is offered the chance to train and manage all the best young talents in europe. That’s why he is coming out from management.

  • dick

    Jul 10, 2008 at 11:43 AM

    Comment #13

    just read ashleys profits in his other buisinesses have crashed, we wont get any more money out of him now , will just have to get by with what we’ve got


    Jul 10, 2008 at 11:47 AM

    Comment #14

    stumbled accross this page from a google search, can’t find a ‘front door’ entrance from main home page but it’s an archive of their old match reports 96-97

    can’t seem to find any other years and some matches are missing but it’s great to reread the old reports and remember how many great games we played in that season – shame i cant find the other seasons/ a proper link. should open up their archives to us!! maybe i should send them an email?!?

  • Beattie

    Jul 10, 2008 at 11:47 AM

    Comment #15

    Leo, of course he’s going to double the size of the academy, he’s going to want to be making a hefty profit selling on youngsters that don’t make the cut of our first team i reckon

  • filthy mag

    Jul 10, 2008 at 11:54 AM

    Comment #16

    Its reassuring to hear this sort of comment from someone who appears to be of sound mind. Unfortunately with the way the media speculates is just stirs trouble. I think the way Arsenal develop their players through their academy demonstrates what need there is in home grown talent. What we need is another sheet metal workers lad!

  • Dirk

    Jul 10, 2008 at 11:56 AM

    Comment #17

    would b nice to hav gr8 youngsters coming through lik barcelona do every yr and arsenal

  • chuck

    Jul 10, 2008 at 11:57 AM

    Comment #18

    Not convinced !
    This management group should re evaluate the present PR system , as of now no one knows what to believe and it`s detrimental to both fans and the club in general.
    Gutierres and Inler(if we sign him)look like decent additions to a depleted squad.
    However a decent striker is badly needed, as is a central defender(cuellar or Cudiccini) plus two back up wing backs (Evans & ?) Which will bring the total to 13+5= 18 and I suppose add some of the youngsters, still a small squad.
    That is considering there are no more of the squad sold (including Joey).

  • Maggie

    Jul 10, 2008 at 11:59 AM

    Comment #19

    Filthy, these comments have been around for a bit and keep getting edited to be more damning. The original sounded as if Oba wanted to stay at Newcastle, but if he was going to be sold, Arsenal was a good team to play for. Seems pretty fair.

  • Martin

    Jul 10, 2008 at 11:59 AM

    Comment #20

    dick – where do you base this oppinion that Ashley’s businesses are crashing – as far as I was aware he is continually investing and buying up shares in just about everything…I heard he had a couple of big losses in the stock market but then made a lot of it back (that of course wasn’t reported so fervently) I also read that Sports World/Sport Direct’s profits were hit by Englands inabillity to qualify for Europe, but even that was a dip in profit, not a recorded loss!


    Jul 10, 2008 at 12:00 PM

    Comment #21

    What Dick is saying does ring true, an awful lot of retail business’s are having to tighten their belts. It’s probably not going to effect the oil barons, or dodgy eastern foreign investors so some clubs will still be able to splash big dollar on players. But the likes of MA may have to be a little more prudent.
    Having said that I have reflected on the Gutirezz signing and can’t help thinking it’s not going to show our club in a very good light, I think the management have acted a bit like a dodgy street trader. It could effect future dealings with other clubs. Or is it just me being ultra moral.

  • filthy mag

    Jul 10, 2008 at 12:07 PM

    Comment #22

    Maggie, I agree that it would be a club that he would fit right in. His fast pace would certainly suit the game that Woolcott plays. I hope he doesnt go to the dark side!

  • sirjasontoon

    Jul 10, 2008 at 12:07 PM

    Comment #23

    I can’t see any big big players coming to newcastle and it seems like all Ashley wants is a steady ship that just about floats…I was expecting major investment in the team when he arrived but let’s be truthful we are no where near teams like spurs and pompey as well as villa on quality and the ability to attract good players like sidwell, crouch etc

    It saddens me to see how far down the pecking order we have gone in a few seasons..if you stand still you will no doubt be overtaken.

    At the moment I think even wigan would play us off the park.

  • 51times

    Jul 10, 2008 at 12:09 PM

    Comment #24

    Guys, check, interesting words from Ashley and a smart idea if you ask me.

  • Ian

    Jul 10, 2008 at 12:19 PM

    Comment #25

    Martin- you are on the Ashley defence crusade again!!!!! Starting to think you are a plant.

    Hadrian, exactly what I think, Ashley should be persuading us – his customers.

    I have never seen a club handling the media as badly as this, I do not know if they have changed one board member too many or Ashley or his advisers have totally misread the football club business, or of course they are trying to sell, but the PR and media needs sorting quickly, otherwise seats will be empty, sponsors will be wondering what they are paying for as the club avoids TV etc (the very reason they sponsor us), merchandise sales will drop and the media will lose interest, when does Sentanta announce which games it is going to cover?

    Money did a good job on the TV, they should have something to say every other week, or be involved in a local event, it isnt rocket science and they all dont have to be major events.

  • geordie_jordan

    Jul 10, 2008 at 12:26 PM

    Comment #26

    i love that quote from ashley on .com
    about wanting investment partners for nufc:
    “i think i’ll start with people from newcastle, not in some cave in afghanistan”

  • Bosck

    Jul 10, 2008 at 12:36 PM

    Comment #27

    people who keep complaining that they dont know what to believe and that newcastle should make more statements are missing the point. it is quite simple…. only believe statements coming from an official newcastle united source and don’t believe a word of anything else printed or published in any form in the press.

    you dont see manchester united constantly denying rumours or any proper business commenting on rumours they just ignore them. to respond to most of the rumours would be to give them some sort of credence which they dont usually deserve.

  • Ian

    Jul 10, 2008 at 12:36 PM

    Comment #28

    Well then we are correct the rumours are true, he may not be selling all of the club (probably because no-one would buy) but he wants to sell part of it.

    Trouble is the city will be wary of him after he floated his own company and then it had its worst trading year on record and he bought back the shares at a cheaper price!

    I hope our transfer buys arent on hold until he gets a partner or floats the company. What the hell did he buy Freddie out for, why didnt he just keep him in the club but as a silent partner? He should offer him back in but in a quiet role, I hope there are some people who will buy in who are genuine fans.

  • Ian

    Jul 10, 2008 at 12:39 PM

    Comment #29

    Bosck I wouldnt reply to rumours, I would have a PR system in place which would not allow for rumours to start in the first place.

    There is a big difference.

    Anyhow it turn out they are true he has been trying to sell, it says so in his statement, maybe a share not all of it.

  • Bosck

    Jul 10, 2008 at 12:55 PM

    Comment #30

    ok he is quite clearly saying he wants partners not to sell the whole club, also says he is keen to have them but that does not mean he is actively looking at the moment, may be a plan for a years time. he also wants them from newcastle so clearly newcastle fans. and the reason he got rid of shepherd? cos he rinsed the club dry, made stupid decisions, slagged off the population of newcastle and could only after all that loosely be described as a fan, if at all.

    also another reason for buying the whole club meant that he could come in and totally restructure the club and the way it is run without having to argue with other investors. now he has set things properly he can invite partners to invest on his terms.

    and ian the only way to stop the rumours would be to buy every tabloid paper and sports reporting medium. there are rumours daily
    about every club.

    sometimes i think a certain group of people on hear actually want mike ashley to be bringing newcastle down, as they are so willing to believe absolutely any negative rumour about the club.

  • Bosck

    Jul 10, 2008 at 1:06 PM

    Comment #31

    oh yeah, and i distinctly remember a number of people saying not so long ago that sam allardyce spoke to the press too much. now it is probably the same people saying we need to talk to the press more.

    you just cant win with some people!!

  • Ian

    Jul 10, 2008 at 1:14 PM

    Comment #32

    Disagree Bosck, all they have to do is have regular communications with the fans-who afterall are the customers and 90% of the rumours will end, the other 10% in most cases wouldnt matter anyhow, but always certain rumours should be responded to, the club has and needs major sponsors, people filling the seats and the TV and media interest- that is their business, that is where the income comes from, it isnt a grey manufacturing or service business, it is entertainment, if they dont want it, they shouldnt be in it in the first place.

    I dont think anyone wants Ashley or anyone who owns the club to trip up, they all want the club flying high, to do that it must be run professionally which would make it high profile to remain such a well supported and well known club around the World, otherwise it well end up like Wigan or Reading, the black and white brand is known throughout the World as a business it should be kept that way, improved if possible.

  • AndyT

    Jul 10, 2008 at 2:06 PM

    Comment #33


    Everyone here will tell you I’m the first to defend MA and what they are doing with the club, but Sports direct has had a little bit more than a slump due to England not qualifying. Their share price is down to about the 70p mark from the £2.70 mark 2 years ago when it was floated. Ashley has 400 Million+ shares still in sports direct, so that means he has lost £800 million in terms of his “wealth”. He has not made that back on any deals.

  • AndyT

    Jul 10, 2008 at 2:33 PM

    Comment #34


    Which city are you talking about Newcastle or “the city” as in the global financial institutions, all of whom are represented in London?

    If its the first one, I agree. If its the second one – rubish.

    With regards to rumours and PR – you are having a laugh aren’t you. The ability to pevent rumours comes from one thing and one thing alone. Them not selling/advertising newspapers and/or generating a potential target market for advertising somewhere. As long as spreading rumours about newcastle gets the fans hitting the websites of the papers (increasing their advertising revenue), or paying for the hard copy, then they will continue. Having the PR relationships that you would like to see with the press takes years of building them up. Something that the Sr John Hall era had actually managed and something that his idiot offspring and his bloated idol managed to ruin. The first step to sweetening an overly soured relationship with the press is to ignore them completely. Then when there is something big and juicy and you are in control of get 1 or 2 on your side. Keep doing this for a while and as they get the scoops and the others look stupid, the press wil gradually come around to asking you for stuff. There is a reason why Chris Mort last year was very pally with Sky and the Journal. There is a reason why Anal Olivier hasn’e had any real news for a while. Did anyone else notice that Sky was the first to break the news about Jonas and that the Journal got his first interview. Did anyone else notice that it was Sky that were the first to broadcast Newcastle rubishing the claims about selling the club. Some of you have such a short term outlook on everything it is unbeleivable. You cant just flick a switch and all of a sudden every one else forgets their own history, their own agendas and their own prejudices. Also everything is not one sided. If you know that players value is going to go up and more clubs come in for him if you delay signing for as long as possible do you think maybe players agents might also know that and do you think they might be slightly more motivated by that prospect than the prospect of some happy newcastle United fans. I would implore anyone who really thinks that they understand the terrain and could do a better job to put together a detailed plan of how they would acheive that, the timeframes, costs, personnel required and petition the board of directors to review it. To those of you that wouldn’t know where to start with that the STFU and lety them get on with it

  • Bosck

    Jul 10, 2008 at 2:35 PM

    Comment #35

    andy t the opposite is in fact true.

    the recent slump has allowed Mike ashley to buy back shares at a considerably reduced price so he has actually used the entire situation to his advantage having profited from the original flotation he has then bought back the shares for about £2 less than he sold them for. this is why the city are a bit annoyed at him at the moment.

    also people keep saying sportsworld have made a loss, which is totally incorrect. they have still made a considerable profit though it is not in the same league as previous years, but there is still a massive distinction between drop in profits and making a loss.

  • AndyT

    Jul 10, 2008 at 2:52 PM

    Comment #36


    Sort of. He still had a 53% stake in the company when it was sold (actually at £3.00 per share)
    So that was around 300 million shares which were worth £900 million now worth £200 million. He’s put about £100 million cash back into shares to take his postion back up to around 70-75% of the company, but he is still worth £800 million less. Now if the turn-around package works and they get the price back, his 300 Million shares will be back to £900 million and the £100 million extra he has put in will be worth £300 million – £200 million profit.

    If by the city you mean the buy side – they are anoyed at everyone at the minute. The sell side not so much, because he’s in a position to take it off the stock market, sort it out and give them a second big fat juicy comission re-floating it.

  • Bosck

    Jul 10, 2008 at 3:16 PM

    Comment #37

    fair enough, but it will only be a loss if he were to sell all his shares which he wont so he should regain the value.

    i agree that they would love him to take it off and refloat, though considering the money they’d make who’d blame them.

  • AndyT

    Jul 10, 2008 at 4:29 PM

    Comment #38

    Thats why I said it was a change to his wealth. He is only a billionaire if he sells all of his assets. Cash wise he got about about £800 million and has already spent about half of that. £130 million on Newcastle, 80 Million on Newcastle’s debt, £100 million back into Sports Direct shares.
    Not that I wory too much for him, poor dear will clear about 9Million after tax in dividends from Sports Direct (not too shabby for their worst year trading) or as a certain spurs supporter would put it – his business falling apart, or Daiv would put it – his world crashing around him and he’s only interested in the profit. AFAIK he’s not drawing a salary or taking dividends from Newcastle (So he’s already leaving the club a few million a year better off than Fat Freddy and his stooge Dougy Hall ever did).

    I think its also a fact that a lot of people miss, the majority of his £2.5 billion wealth that put him up there in the rich list when he bought the club was asset wealth. He did have a fairly big pot of cash, but its more than half gone. People expecting him to chuck the odd £50 Million here, £100 Million there for transfers must think its negligable to him, but it represents a huge proportionof his disposable cash.

  • AndyT

    Jul 10, 2008 at 4:42 PM

    Comment #39

    I wasn’t too far out – just went and looked him up on the rich list.
    He’s dropped from 25th in 2007 to 56th in 2008.
    Down from 1.9 billion to 1.3 billion. 2006 he was in the 20s and just over 2 billion.


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