Report Of Newcastle Pending Adminstration – But No Proof


First of all let’s just say this is Sunday, so we are going to get a lot of made up stories in the papers today, but one very disturbing one is in the Sunday Express this morning.

mike-ashley-4329

Mike Ashley – Newcastle owner 

The report is that Mike Ashley may take the Newcastle club into administration if Newcastle are relegated to the Championship, and that of course would be the worst thing to ever happen to the famous Newcastle United club, the best supported team in the land by a long way – given we’ve won nothing in 40 years and still fill St. James’ Park.

We’re vary of this story so let’s see what proof the Sunday Express has of this – yes we know the value of  Newcastle will half if we get relegated but if Ashley’s not thinking of selling – who cares?  And if we can come straight back up the value will return – so that’s hardly a strong reason.

The Express says administration would only be implemented as a last resort and not until Newcastle’s Premier League destiny is decided. Well that’s then retreating a little from their story and of course none of this will even be considered should the lads eventually wake up and actually start winning games.

They are one of the highest paid squads in the Premier League so if they are not embarrassed by6 being 3rd bottom – they should be.

But then the Sunday Express says that if Newcastle call in the Receiver now would mean a 9 point deduction and almost certain relegation, so why would the Express even mention this – because it’s just complete nonsense that Newcastle would ever think of it now.

And that Newcastle insider guy, who has been extremely busy while Newcastle have been in trouble these last few months, has been talking to the Express and this phantom employee said:

“We are looking at a Leeds United scenario. I don’t think people realize how serious things are at St James’ Park. Relegation would make it a complete disaster.”

Well that’s about the depth of this story and we don’t think it is too credible.  Of course there will be the doom an gloom merchants who will jump on this and claim they knew this was coming.

But those same people probably want Newcastle to be in trouble – so they can right about all their dire predictions.  

Doom and gloom merchants are never worth paying much attention to – but you always get them – they are everywhere – they just never help anything. When I was an executive at IBM, the sky was always just about to fall with some people, but the last I looked it was still there, and blue too. 😀

Newcastle fans from now until the end of the season will no doubt support the team and the management, at least until we are safe from relegation.

It’s not made easy of course, because this is something the popular press have been praying for – the 17th richest football club in the world with such a high wage bill and even some good players – gets relegated.

But then again most of these sports gossip papers are gloom and doom merchants – that’s how they sell their papers – we know that’s true.

We’d be daft to be drawn into this story.

Howay The Lads



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41 comments so far

  • hitman

    Mar 29, 2009 at 9:52 AM

    Comment #1

    im hoping the club come out and deny this story.

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  • Ed Harrison

    Mar 29, 2009 at 9:58 AM

    Comment #2

    hitman – same here.

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  • Purely Belter

    Mar 29, 2009 at 9:58 AM

    Comment #3
  • RyanToon

    Mar 29, 2009 at 10:01 AM

    Comment #4

    the club wont came out and speak. they never do

    ashley is pathetic

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  • brownrob

    Mar 29, 2009 at 10:03 AM

    Comment #5

    There has to be a limit with this… the club insider can say anything…

    For example…

    The club insider could say “Mike Ashley laughs at sticken Jade Goodys cancer battle in pub”

    And a section of the fanbase would believe it

    Where is the line drawn?

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  • SuperMacAttack

    Mar 29, 2009 at 10:42 AM

    Comment #6

    What a crock….how can you repetedly call people “doom and gloom mongers” when the club is in the state it is?
    These “doom mongers” have been right about Ashley for months, what has he or his 3rd rate structure done to warrant your failth that administration isn’t exactly where we are headed?
    maybe if supporters hadn’t believed that by turning up for the players after Keegan was forced out Ashley could have been left with no option but to sell for a fair price…the “doom mongers” or as i prefer to call them sensible people, saw what Ashley was about and have been proved right at every turn, however NONE want Newcastle United relegated, and for you to suggest it is a disgrace.

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  • will die for the toon army

    Mar 29, 2009 at 11:01 AM

    Comment #7

    Ryan toon the club changed they will talk abt it. This is not good news and I bet MA would want to clear his name.

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  • sirjasontoon

    Mar 29, 2009 at 11:16 AM

    Comment #8

    Fk em all I say Ed..nothing would surprise me.

    Ashley and the Mob have Killed newcastle.

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  • hitman

    Mar 29, 2009 at 11:20 AM

    Comment #9

    what worries me this story isnt from some hack of a journalist,its from a good and respected one.

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  • Geordiedoonsooth

    Mar 29, 2009 at 11:36 AM

    Comment #10

    BOLLOCKS

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  • workyticket

    Mar 29, 2009 at 11:52 AM

    Comment #11

    Indeed.

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  • Johnny Knobsock

    Mar 29, 2009 at 11:53 AM

    Comment #12

    Going into administration will only happen if it is in Mike Ashleys best interests to save Mike Ashley millions of pounds.
    But make no mistake, he will do it if the need arises and anyone who thinks that he has our best interests at heart is living in cuckooland.

    Anyone who is flippant about this and thinks “this wont happen because we are Newcastle and have the best fans in the world” could well be in for a very rude shock.

    This mans greed has no end and he does not care who and what he tramples over in his search for more lolly!

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  • Stardust

    Mar 29, 2009 at 12:01 PM

    Comment #13

    A total and utter NON story.

    Ashley is the clubs biggest creditor – its his Directors Loan – why on earth would he put the club into administration and jeopardise that.

    The story has been written by a fool with no understanding – or worse than that its malevolent.

    Even if we drop, the parachute payment and offloading a few players (Owen a certainty – at 100 odd k a week) we are absolutely fine.

    But no doubt some of our “fans” will swallow it.

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  • Johnny Knobsock

    Mar 29, 2009 at 12:05 PM

    Comment #14

    Ah, a “flippant” Newcaste fan! 😀

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  • Stardust

    Mar 29, 2009 at 12:13 PM

    Comment #15

    No Johnny – I just know what a balance sheet, P&L etc look like and mean – do you?

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  • Ashley Hole

    Mar 29, 2009 at 12:18 PM

    Comment #16

    FIGHT! FIGHT! FIGHT! FIGHT FOR YOUR PREMIER STATUS!

    TWO (Limbiaz&Wise) FOR ASHLEY ALL FOR TOON!

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  • Ashley Hole

    Mar 29, 2009 at 12:19 PM

    Comment #17

    Harper

    S Taylor Beye Bassong Enrique

    Jonas Barton Nolan Duff

    Owen Martins

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  • Johnny Knobsock

    Mar 29, 2009 at 12:57 PM

    Comment #18

    I sure do Stardust and I know for a fact that Newcastle United now owe the banks nothing but instead owe Mike Ashleys St James Holding company not far short of £80miilion (at least) possibly even £100million now.

    Last years Deloittes figures will show you these figures are a fact.

    I personally do not think that things will come around to going into administration but what I am saying is that Ashley will do this if it is the best thing for Mike Ashley.
    The feelings and thoughts of Newcastle United fans wont even enter Ashleys mind.

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  • Graeme

    Mar 29, 2009 at 1:16 PM

    Comment #19

    I agree with Johnny. If MA believes for one instant, that Administration is in the best interests of MA, then he will have NO hesitation in doing it, whatever the cost to NUFC.

    This man thinks of nothing but MA first, MA second and MA last!!

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  • hitman

    Mar 29, 2009 at 1:28 PM

    Comment #20

    you would think the club would come out and squash this if it was untrue,the longer they keep quite the more people will believe its true..

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  • Johnny Knobsock

    Mar 29, 2009 at 1:31 PM

    Comment #21

    “you would think the club would come out and squash this if it was untrue,the longer they keep quite the more people will believe its true..”

    Lets hope that they do, after all Mike promised to communicate with the fans didn’t he.

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  • Stardust

    Mar 29, 2009 at 1:41 PM

    Comment #22

    It could never work out best for him though Johnny – he would lose out on his share value, his repayment of the loan, interest owed etc etc etc – its not happening.

    He simply owes money to himself – he will never do it.

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  • JoeColl87

    Mar 29, 2009 at 2:09 PM

    Comment #23

    Story doesn’t seem to carry much logic.

    Administration is usually an option when a business is facing liquidity problems, and outstanding (usually external) creditors make an attempt to gain their money back.

    As far as the club is concerned, the only major creditor is Ashely himself (if reports are to be believed). Even if expenditure is greater than revenue at the minute, this is sure to change with the player movements in the summer. Ahsley would lose more money by calling administration on his own business, than by facing further short term losses, which im sure he has the finance to absorb.

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  • archie100

    Mar 29, 2009 at 2:31 PM

    Comment #24

    As Stardust knows, I’ve taken umbrage with him before, but I completely agree with him on this one. As far as we know from the last set of accounts published, the majority of the money owed is to Ashley. Going into administration will therefore make no difference to him in terms of getting his money back at all.

    If NUFC was in dire financial circumstance MA could improve the balance sheet by writing off his loans to the club but that is a completely different scenario than administration.

    The only way administration would be viable is if MA had refinanced some of the NUFC loan to different sources. And frankly, if he’s done that recently and then goes on to put the club into administration then the SFO would be very interested.

    It looks like another top quality story from the ‘Worlds Greatest Newspaper’. Apparently that isn’t ironic….

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  • Stuart79

    Mar 29, 2009 at 2:35 PM

    Comment #25

    Come on- How on earth can this be a story?

    If the club went into admin Ashley being the clubs only creditor would lose the vast majority of his loan!

    He might get 1p in the pound! Work that out on £100m!

    Total bollox!

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  • JoeColl87

    Mar 29, 2009 at 2:57 PM

    Comment #26

    “He might get 1p in the pound! Work that out on £100m!”

    £1m

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  • Tom_Toon

    Mar 29, 2009 at 3:10 PM

    Comment #27

    This is probably the worst and most sensationalist story I have ever heard, no to mention; FALSE.

    We have all seen the accounts, then you look at parachute money and reduction to the wage bill and lots of fees from mass outgoings of players. Then take into account we will still get good crowds.

    This sotry is nothing but RUBBISH.

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  • Stuart79

    Mar 29, 2009 at 3:15 PM

    Comment #28

    Joecoll87

    Exactly- He ain’t gonna do that now is he?

    Although I would like the club to make a statement regarding the story.

    Lets be honest, Ashley is suing the Sun because they printed a bill from a New York party!

    Priorities Mike please!

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  • Johnny Knobsock

    Mar 29, 2009 at 3:33 PM

    Comment #29

    For what its worth I pulled this reason why Ashley would put NUFC into administration from another forum.

    “The only way for Ashley to make his money back without having to spend on a promotion push is to call in the receivers. As all the “debt” that has been written off is attributable to one Mr M. Ashley through his SJH company, the club would be forced to repay him the money in full. Maybe not upfront, but he would eventually get it back.”

    It could be bollocks, lets hope it is but I am just trying to point out to some of you why Ashley might do this.

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  • Rodzilla

    Mar 29, 2009 at 4:07 PM

    Comment #30

    Appreciate what you’re saying there Johnny, but it really does just sound like malicious muck-spreading to me. I still hope it is bull-shine nonetheless. I know there’ve been a couple of posters on the blog over the last couple of days saying exactly what this story is suggesting but I just took them for WUMs.

    I wonder if this elusive “club insider” knows a certain David Whelan……………..

    ……hhmmmmm (scratches chin)

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  • Sav

    Mar 29, 2009 at 4:21 PM

    Comment #31

    It probably is tripe, but it is the kind of make-believe that you might expect to fill the vacuum left by the lack of communication from Newcastle’s owner. Didn’t Llambias promise there’s be word from ‘Mike’ as soon as the transfer window was over? There may not be much good news for him to announce, but surely we are due for them to keep their word this time, if their turning over a new leaf is to mean anything.

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  • marshy

    Mar 29, 2009 at 5:08 PM

    Comment #32

    If ,as I believe,ashley is intent on ruining our club this story could well be true.

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  • Rodzilla

    Mar 29, 2009 at 5:13 PM

    Comment #33

    Indeed Sav. I’d expect some sort of retort at board level to this now public suggestion, but I doubt it. I believe it to be pure fabrication with the sole intent of disrupting any solidarity at the club – at a time when it’s most needed.

    I await “answers” on the pitch. Then this trouble-making twaddle should dwindle.

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  • valle

    Mar 29, 2009 at 11:09 PM

    Comment #34

    first of all, this is called propaganda and it properly comes from either one of MA’s many enemies or from one of the clubs down there with us… Secondly, this might be right, but there is simply no way to know if its true untill the club makes an official statement on it. So there is only one thing to do and thats forgetting all about it and deal with the problems when they arrive.

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  • Stardust

    Mar 29, 2009 at 11:28 PM

    Comment #35

    Johnny – but if the club could pay him back he simply could take it back. It really is a non story

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  • workyticket

    Mar 30, 2009 at 12:59 AM

    Comment #36

    Stardust // Mar 29, 2009 at 11:28 PM

    “Johnny – but if the club could pay him back he simply could take it back. It really is a non story”

    Stardust, when the accounts were signed off, Mike Ashley made an undertaking that he would fully support the club for the period until the next accounts are due. Thought you’d have mentioned that! 😉

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  • Sav

    Mar 30, 2009 at 1:35 AM

    Comment #37

    If declaring the club bankrupt would get Ashley his money back, no doubt he’d consider it. But it wouldn’t. His best chance of getting any return is to hold, not fold and hope we stay up. Or if relegated, he will have a fire-sale of expensively waged players and hope for a quick return to the Premier League within 2 years.

    Cutting losses and getting out quietly is not the Ashley way, anyhow. Especially after the recent taunting from Dave Whelan he has no choice but to stick. He’ll take another spin of the wheel with these last 8 games and hope ‘lucky 17’ comes up and we escape the drop.

    You need a massive ego and a big streak of recklessness to enjoy this sort of gambling.

    Unfortunately, those qualities do not make for a great club owner.

    As far as the story filling a vacuum of silence from the club, I don’t mean they should respond to every wild speculation like this one. But I am saying the lack of good PR is creating a void that hacks will fill. Weren’t reassurances promised in this regard? But again, they aren’t delivered on.
    Similarly, can no-one help Hughton out in this while he’s filling Joe’s boots? He’s clearly under pressure, but where are Ashley and Llambias to take an interview and take some strain off him? Gone to ground again.

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  • Ericles

    Mar 30, 2009 at 9:11 AM

    Comment #38

    The only administration I would countenance is that of a hot treacle enema up Ashley’s arse! That way we could really see the shite this clown is really made of!

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  • Tom_Toon

    Mar 30, 2009 at 9:58 AM

    Comment #39

    /

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  • Tom_Toon

    Mar 30, 2009 at 10:03 AM

    Comment #40

    _

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